Blue Owl Fund Investors Rebuff Boaz Weinstein Offer to Buy Shares

Investors in a Blue Owl Capital Inc. fund tendered less than 1% of shares to Boaz Weinstein’s Saba Capital Management and Cox Capital Partners, which had offered to buy them out at a steep discount, according to people familiar with the matter.

The tender offer for shares in Blue Owl Capital Corp. II, one of the firm’s non-traded business development companies, expired at the end of last week with limited take up and wasn’t extended, said the people, who asked not to be named because the information isn’t yet public.