Blue Owl Capital liquidity trap or shadow bank misinformation wave?

When Blue Owl Capital’s OBDC IIfund limited withdrawals by stopping quarterly tenders in favor of a 30% distribution plan, the market wasn’t so happy: (-10% stock drop). ​The asset giant’s liquidity rules were structured under the guise of ‘normal’ conditions, but got hit by a redemption rush just as public markets started to price private credit at a discount to its stated value. ​On Feb 18, 2026, Blue Owl sold off $1.4B in loans at almost par, 99.7%, which is the opposite of a "steep haircut." But the ...