At a glance
- VineBrook holders lose the ability to redeem shares.
- Apollo BDC accepted about a third of tendered shares in its quarterly repurchase offer, paying $698.3 million on or about Oct. 30.
- Its Class I NAV rose 1% in the third quarter to $9.17, still below the $9.34 year-end 2025 mark.
VineBrook shareholders voted Oct. 26 to end all share repurchases, fund disclosures show.
VineBrook holders lose the ability to redeem shares. The non-traded real estate fund priced a $30 million tender at $33 a share three weeks earlier and has $651 million of debt coming due.
Apollo BDC accepted about a third of tendered shares in its quarterly repurchase offer, paying $698.3 million on or about Oct. 30. Net assets fell to $13.51 billion as buybacks outpaced sales.
Blue Owl Credit Income filled 29.8% of tendered shares. Its Class I NAV rose 1% in the third quarter to $9.17, still below the $9.34 year-end 2025 mark.
For advisors and allocators, the three moves narrow the exit path: VineBrook holders cannot redeem at all, Apollo accepted about a third of tendered shares, and Blue Owl filled 29.8%. For Apollo and Blue Owl holders, a quarterly request now means a partial fill, and VineBrook's vote shows repurchase terms can be removed entirely.
Three funds, three narrower exits
Share of tendered shares filled in the latest repurchase offer, plus fund terms and NAV
VineBrook
No repurchases
- Oct. 26 vote
- Ended all buybacks
- Debt coming due
- $651M
- Prior tender price
- $33 a share
Apollo BDC
About a third
- Paid out
- $698.3M
- Net assets
- $13.51B
Blue Owl Credit Income
29.8% filled
- Class I NAV, Q3
- $9.17
- Year-end 2025 NAV
- $9.34
Show as table
| VineBrook | Apollo BDC | Blue Owl Credit Income | |
|---|---|---|---|
| Figure | No repurchases | About a third | 29.8% filled |
| Oct. 26 vote | Ended all buybacks | ||
| Debt coming due | $651M | ||
| Prior tender price | $33 a share | ||
| Paid out | $698.3M | ||
| Net assets | $13.51B | ||
| Class I NAV, Q3 | $9.17 | ||
| Year-end 2025 NAV | $9.34 |
Reported by The Wrap desk from VineBrook shareholder vote results, Apollo BDC quarterly repurchase offer and Blue Owl Credit Income Q3 disclosures. Published . Corrections