Saba Capital Management, a hedge fund, has found little appetite for tender offers for shares in Blue Owl Capital Corporation II (OBDC II), Starwood Capital and SREIT. The firm offered liquidity to locked-up investors in OBDC II at a 35% discount and launched a similar program at Starwood Real Estate Income Trust at a 24% or 29% discount. Despite these efforts, Saba managed to acquire about $10 million in aggregate face value across 190 separate trades. The company is now considering providing bids on additional products, including the Cliffwater interval fund and Blue Owl's OCIC. The disinterest in these offers comes amid a period of elevated redemptions across most private-credit, non-traded BDCs.