Cox Capital Partners has announced that Cox Capital Retail Secondaries Fund I, a private investment fund managed by an affiliate of Cox Capital, has commenced a cash tender offer to purchase Class I shares of Blue Owl Credit Income Corp. (OCIC) effective Oct. 5, 2026, expanding its Class I tender offer program.
Cox Capital developed its tender program to provide shareholders with an additional path to liquidity when a fund’s own quarterly repurchase program does not satisfy their full request. Blue Owl reported preliminary third-quarter repurchase requests of approximately $3.1 billion, or 16.8 percent of OCIC’s shares outstanding, against the fund’s 5 percent quarterly repurchase limit, and said it expects to accept approximately 30 percent of the shares tendered on a pro rata basis, marking the latest in a series of non-traded business development companies with oversubscribed repurchase programs.
The fund now has five cash tender offers in the market, includin
