Former Non-Traded BDCs Continue Through Public Listing Process

This past week, Blue Owl Capital Corporation III (OBDE) and Morgan Stanley Direct Lending Fund (MSDL), both formerly nontraded BDCs, continued their full cycle listing process as both funds had the second of three nontraded share tranches unlocked for trading. 

We continue to see temporary price volatility during these listing events as certain nontraded shareholders take advantage of long-awaited liquidity.

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