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Business·27/04/2026Résumé IA
Saba Capital's Tender Offers for Non-Traded BDCs Fall Short of Expectations
Saba Capital Management's tender offers for shares in non-traded business development companies managed by Blue Owl Capital and Starwood Capital came in below expectations, acquiring only about $10 million in aggregate face value across 190 trades. The Blue Owl OBDC II tender failed to garner more than 1% of what was offered, while most trades came from Starwood's SREIT. The low participation reflects investor reluctance to liquidate at steep discounts amid elevated redemptions across private-credit funds.
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