Blue Owl Capital Corporation Merges with Blue Owl Capital Corporation II (OBDC II)

Blue Owl Capital Corporation Completes Merger with Blue Owl Capital Corporation III (OBDC/OBDE)

January 13, 2025

Financial Services

Blue Owl Capital Corporation (OBDC) completed its definitive merger with Blue Owl Capital Corporation III (OBDE), with OBDC as the surviving publicly traded business development company. The combined company continues to trade on the NYSE under the ticker “OBDC,” creating the second largest externally managed publicly traded BDC by total assets based on pro forma figures as of September 30, 2024.

Blue Owl Technology Finance Corp. Completes Merger with Blue Owl Technology Finance Corp. II

March 24, 2025

Financial Services

Blue Owl Technology Finance Corp. (OTF) completed its merger with Blue Owl Technology Finance Corp. II (OTF II), with OTF as the surviving company. The transaction creates a larger software-focused business development company (BDC) with pro forma combined total assets of over $12 billion and investments across hundreds of software-related portfolio companies.

Cox Capital Partners and Saba Capital Management Launch Unsolicited Minority Tender Offer for Blue Owl Capital Corporation II

March 13, 2026

Financial Services

Blue Owl Capital Corporation II (OBDC II) said its board unanimously recommends shareholders reject an unsolicited minority tender offer from Cox Capital Partners and Saba Capital Management for up to 8,000,000 shares at a price of about $30 million (under 7% of outstanding shares). The board argues the offer undervalues OBDC II by offering a discount of roughly 33.2% to net asset value (NAV) and would limit shareholders’ ability to receive future distributions and potential appreciation.

Blue Owl Capital Acquires Atalaya Capital Management's Business

September 30, 2024

Financial Services

Blue Owl Capital Inc. completed the acquisition of the business of alternative credit manager Atalaya Capital Management LP, adding Atalaya's asset-based credit capabilities and roughly $10 billion in AUM to Blue Owl's platform. The deal appoints Atalaya founding partner Ivan Zinn as Blue Owl's Head of Alternative Credit and expands Blue Owl's presence in alternative credit and direct lending.

Blue Owl Capital Acquires IPI Partners' Business

January 6, 2025

Financial Services

Blue Owl Capital Inc. completed the acquisition of the business of digital infrastructure fund manager IPI Partners, LLC. The deal brings IPI's digital infrastructure capabilities and AUM into Blue Owl's Real Estate platform and appoints IPI Managing Partner Matt A'Hearn to lead Blue Owl's digital infrastructure strategy.

Blue Owl Capital Acquires Wellfleet Credit Partners from Littlejohn & Co.

February 16, 2022

Financial Services

Blue Owl Capital Inc. agreed to acquire Wellfleet Credit Partners LLC from affiliates of Littlejohn & Co., with the transaction expected to close in March 2022. Wellfleet — a CLO-focused credit manager that manages 16 CLOs with over $6.5 billion in AUM — will be integrated into Blue Owl’s Owl Rock division, with Scott McKay and Dennis Talley remaining as lead portfolio managers.