Blue Owl Capital Corp

The company aims to generate current income and, secondarily, capital appreciation by investing in U.S. middle-market companies. Its strategy primarily involves originating and making loans, as well as debt and equity investments, with a focus on institutionally-backed upper middle-market businesses that generate over $50 million in annual EBITDA. The company invests in various types of loans, including senior secured or unsecured loans, subordinated or mezzanine loans, and broadly syndicated loans. To a lesser extent, it also invests in equity and equity-related securities such as warrants, preferred stock, and similar forms of senior equity, which may or may not be convertible into common equity. Investments can be held directly or through special purpose vehicles, specialty financing portfolio companies, and joint ventures. From April 2016 through December 31, 2025, the company's Adviser and its affiliates originated $187.04 billion in aggregate principal amount of investments. Of this, $182.92 billion in aggregate principal amount of investments, prior to any subsequent exits or repayments, was retained by the company or a corporation or fund advised by its Adviser or affiliates. The company participates in transactions sponsored by private equity and venture capital firms. Its equity investments are typically not control-oriented, except for specialty financing company investments, and may include provisions to protect its rights as a minority-interest holder.