Blue Owl Capital Corporation II has returned capital equivalent to 35% of NAV so far in 2026, including the latest payout.
Shareholders submitted an estimated $4.3 billion of Q3 repurchase requests, representing around 10% of shares outstanding, as of June.
The non-traded BDC accepted all valid tenders, representing about 3.6% of outstanding shares as of June, with payment to be made through State Street-held promissory notes.
Including the latest payout, Blue Owl Capital Corporation II has returned capital equivalent to 43% of December NAV so far in 2026.
We analyze the top-performing BDCs as of H1 2026 across one, three, and since-inception periods.
The announcement comes as investors in Blue Owl's non-traded BDC shunned an earlier Saba and Cox Capital joint-offer to repurchase shares at a steep discount.
"[our] objective is consistent with our broader mandate: providing institutional quality liquidity solutions to an underserved retail and mass affluent market," CEO John Cox told EvergreenLink.
This analysis follows the fund's recent and controversial decision to issue distributions to all investors while suspending redemptions.
The investments will be sold at 99.7% of fair value to fund capital distributions and pay down debt.
The class action suit is the latest development in the firm's now-cancelled BDC merger.
