Saba Capital Management said that the tender offers for shares in non-traded business development companies managed by Blue Owl Capital and Starwood Capital came in "below initial expectations." In early March, the hedge fund Saba offered liquidity to locked-up investors in Blue Owl Capital Corporation II (OBDC II), a non-traded private-credit fund, at a 35% discount. It launched a similar program at Starwood Real Estate Income Trust (SREIT) at a 24% or 29% discount, depending on the share

Tag-uri: Real Estate