Blue Owl Staff Buy Public BDC Shares Amid Merger Drama

Executives and employees of Blue Owl Capital Inc. bought $115 million of shares of the firm’s publicly traded business development company in the past month alongside the fund itself, filings show, as Blue Owl scrapped plans to merge it and pivoted to trying to improve the BDC’s share price.

Blue Owl pulled a plan to merge a smaller fund into the listed Blue Owl Capital Corp. last month, with management expressing frustration that the BDC was trading at a steep discount to the value of its portfolio.