This fund that now says it’ll never open up for withdrawals has El-Erian making Bear Stearns parallels

A fund that invests in the debt of middle-market companies has abandoned plans to ever let investors withdraw their money. - AFP via Getty Images A $1.6 billion fund at the center of concerns over private debt is now abandoning plans to let investors withdraw their money — sending shares of its investment manager, Blue Owl Capital, tumbling. Blue Owl Capital Corp. II, which invests in middle-market corporate debt and is halting redemptions, intends to make quarterly returns of capital distributions, the ...