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Blue Owl Capital is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the alternative asset manager evaluates its options after facing investor backlash against the move last week, according to two people familiar with the matter.

The asset manager was forced to abandon a move to combine its publicly traded OBDC fund and Blue Owl Capital Corporation II on Nov. 19 after a plan to merge the two funds, freezing withdrawals from the smaller fund and offering its holders the price of the larger fund, rattled investors.

In a statement to Reuters, however, Blue Owl co-president Craig Packer denied that the firm was actively considering

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