Blue Owl curbs investor liquidity following asset sale, shares down 3% in pre-market trading

Group 1 - Blue Owl Capital's shares fell nearly 3% in pre-market trading following the sale of $1.4 billion in loan assets from three private debt funds [1] - The sale involved four North American pension and insurance investors, with the loans sold at 99.7% of par value [1] - The largest portion of the sale came from the Blue Owl Capital Corporation II fund (OBDC II), which sold $600 million in loans, representing about 34% of its $1.7 billion portfolio [2] Group 2 - Following the sale, OBDC II will discontinue regular quarterly liquidity payments to its investors, marking a significant change in its strategy [2] - The stock was reported down 2.8% in pre-market trading as of 8:06 a.m. ET [2]