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.
The non-traded BDC completed another private placement offering, with proceeds earmarked to repay existing debt, including its 3.125% notes due later this month.
The Philadelphia-based investment manager has expanded its recurring liquidity program to now include five non-traded BDCs.
Including the latest payout, Blue Owl Capital Corporation II has returned capital equivalent to 43% of December NAV so far in 2026.
EvergreenLink's Notice Board shows that investors in OTIC and OCIC sought to withdraw 38.1% and 18.8% of outstanding shares in Q2, respectively.
The proceeds will reportedly be used to repay debt following a turbulent Q1, during which investors in the $36 billion fund sought to redeem 21.9% of outstanding shares.
Investors reportedly sought to withdraw 17% of shares in the Cliffwater Corporate Lending Fund, prompting another 5% cap.
The firm has adhered to a 5% cap on two private debt BDCs after receiving repurchase requests totaling 22% and 41% of outstanding shares.
The $22 billion Blue Owl Credit Income Corp. was recently the target of a tender offer from Saba Capital and Cox Capital 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.
