With $79.5 billion in credit assets under management, Blue Owl is one of the largest direct lenders in the United States. Our team is comprised of 100+ seasoned investment professionals who possess significant and diverse experience from some of the world’s leading investment firms and financial institutions.
Assets under management
Review of business growth, deal terms and all credit agreements
Proactive review process and regular contact with portfolio company management teams
An independent origination process with extensive network of industry contacts and portfolio company relationships
Exhaustive review of financial information while working closely with private equity sponsors
Thorough review process focused on identifying and mitigating risk, including onsite visits and company management meetings
Analysis of downside protection and preservation of capital with focus on asset coverage and collateral
Since inception, Blue Owl’s annual loss rate of approximately 0.06% compares favorably against market averages. Technology investments have experienced no defaults, non-accruals or losses across the same time period.
All data as of September 30, 2023, unless otherwise noted. Past performance is not a guarantee of future results. There can be no assurance that historical trends will continue during the life of any fund.
1. As of June 30, 2023. Average annual loss rate based on total annual net realized losses across all investments divided by the average aggregate quarterly cost of investments. The loss rate is based on the average loss rates in each year since inception from 2016 to 2Q23. Loss rates by fund: OBDC (-0.17%), OBDC II (-0.12%), OBDC III (-0.08%), OCIC (-0.05%), OTF (-0.04%), OTF II (0.00%), OTIC (0.00%), OFLF (0.00%), OLF (0.00%). 2. Source: SP LCD, Cliffwater, JP Morgan. Market loss rates calculated as average loss rates and defined as: for loans, based on SP LCD default rates for all loan $ defaults as percentage of total outstanding and calculated as default*(1 – average historical Recovery Rate) from 2016 to 2Q23; Direct Lending based on Cliffwater Direct Lending Index realized gains/losses from 2Q16 to 2Q23; High Yield Bonds based on JP Morgan Default Monitor annual defaults and calculated as default* (1 – average historical Recovery Rate) from 2016 to 2Q23; Recovery rates for loans of range from 48-63% by year and 22-55% for bonds and are based on JP Morgan Default Monitor, May 1, 2023. 3. Blue Owl credit experience based on investments made across the platform and in all direct lending strategies.
All data as of September 30,2023, unless otherwise noted.
Assets Under Management (“AUM”) refers to the assets that we manage and are generally equal to the sum of (i) net asset value (“NAV”); (ii) drawn and undrawn debt; and (iii) uncalled capital commitments.
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. Only a prospectus for Blue Owl Technology Income Corp. can make such an offer. This material is authorized only when it is accompanied or preceded by the Blue Owl Technology Income Corp. prospectus. Neither the SEC, the Attorney General of the State of New York nor any state securities commission has approved or disapproved of these securities or determined if the prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Securities are offered through Blue Owl Securities LLC, member of FINRA/SIPC, as Dealer Manager.
An investment in Blue Owl Technology Income Corp. ("OTIC") is speculative and involves a high degree of risk, including the risk of a substantial loss of investment, as well as substantial fees and costs, all of which can impact an investor’s return. The following are some of the risks involved in an investment in OTIC’s common shares; however, an investor should carefully consider the fees and expenses and information found in the “Risk Factors” section of the OTIC prospectus before deciding to invest: