Blue Owl Accused of Misleading Investors on Asset Redemptions

Blue Owl promised steady growth. Safe income. A rock-solid private credit machine.
But behind all that confidence… something was cracking.

Here’s what really happened.

In early 2025, executives kept telling investors there was no meaningful pressure from redemptions. They repeated it in February, May, and August. But OBDC II — one of their major funds — was getting hit with rising withdrawals all year.

By late October, earnings missed expectations. On November 5, Blue Owl revealed a surprise plan to merge OBDC II into the publicly traded OBDC… and quietly said OBDC II would halt redemptions.

Then on November 16, the truth spilled out. Reports showed OBDC II investors could face a 20% hit and wouldn’t be allowed to cash out until the merger closed in 2026. The stock slipped again. Confidence evaporated.

Now, more investors are joining the lawsuit.