Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds

Investors are avoiding liquidity options that require a steep discount, even as the quarter saw elevated redemptions across most private-credit and non-traded BDC funds. The piece points to cautious sentiment and weaker flow dynamics in private markets, but it does not indicate a discrete shock or broad market event.

Analysis

Investors are avoiding liquidity options that require a steep discount, even as the quarter saw elevated redemptions across most private-credit and non-traded BDC funds. The piece points to cautious sentiment and weaker flow dynamics in private markets, but it does not indicate a discrete shock or broad market event.