Blue Owl Technology Finance Corp. (OTF)

Blue Owl Technology Finance Corp. is a business development company that provides financing to technology companies, primarily in the United States. It is externally managed by an affiliate of Blue Owl Capital and is based in New York.

The company makes loans to and investments in upper middle market software and technology businesses, often companies backed by private equity sponsors. Its portfolio is focused on senior secured loans, including first lien and unitranche debt, along with smaller positions in second lien loans, preferred equity and common equity.

Its objective is to generate current income and, to a lesser degree, capital appreciation. As a business development company, it is required to distribute most of its taxable income to shareholders, and its common stock trades on the New York Stock Exchange.