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The largest technology-focused BDC
Blue Owl Technology Finance Corp. (NYSE: OTF) is a business development company (BDC) formed primarily to originate and make loans to and make debt and equity investments in, technology-related companies based primarily in the United States, with an emphasis on enterprise software investments. Our investment objective is to maximize total return by generating current income from debt investments and other income producing securities, and capital appreciation from our equity and equity-linked investments.
OTF is externally managed by Blue Owl Technology Credit Advisors LLC, an indirect affiliate of Blue Owl Capital Inc. (NYSE: OWL) and a part of Blue Owl's Credit platform. Blue Owl offers investors differentiated investment opportunities that aim to deliver strong performance, risk-adjusted returns and capital preservation.
Our investment approach
- We originate, execute, and manage debt and equity investments in predominantly U.S. upper middle-market technology-related companies, with a strategic focus on software
- We invest in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity-related securities and warrants
- We prioritize long-term credit performance and principal protection through a highly diversified portfolio of large borrowers with low loan-to-values weighted towards non-cyclical, defensive industries
- We are long-term investors with capacity to provide sizable commitments to support the growth-related needs of market-leading software businesses
- We seek to provide certainty, speed, and transparency throughout the entire investment process
Our investment criteria1
- Companies with proven track records, attractive cash flow dynamics and favorable attributes
- Companies that are market leaders with strong competitive positioning in attractive verticals
- Companies that provide mission critical services and products that are crucial elements of business workflows
- Companies with experienced management teams and strong historical track record of growth
- Companies with diverse customer bases, high revenue retention and customer lifetime values with respect to cost of acquisition
- Investments with maturities typically between three and ten years with lower loan-to-values
- Investments generally ranging in size between $50 million and $350 million
What do our portfolio companies use our capital for?
- Growth
- Acquisitions
- Market or product expansion
- Refinancing
- Recapitalizations
- Not all of these criteria will be met or will be equally important in connection with each of our investments.
OTF at a glance
$14.3B
Portfolio size (at fair value)
199
Portfolio companies
As of December 31, 2025 • Q4 2025 10-K
For complete information regarding our financials, see our periodic filings.
OTF borrower highlights
$945M
Weighted average portfolio company revenue
$290M
Weighted average portfolio company EBITDA
34%
Weighted average loan-to-value
As of December 31, 2025 • Q4'25 10-K
Borrower financials are derived from the most recently available portfolio company financial statements, have not been independently verified by Blue Owl's Credit platform, and may reflect a normalized or adjusted amount. Accordingly, Blue Owl's Credit platform makes no representation or warranty in respect of this information.
Founded and led by industry veterans
Blue Owl Technology Finance Corp. was founded in 2018 by Doug Ostrover, Marc Lipschultz, and Craig Packer who each have decades of experience building successful credit, underwriting, and alternative investment businesses.
Today, Doug Ostrover and Marc Lipschultz serve as Co-Chief Executive Officers and Co-Presidents of Blue Owl Capital. Craig Packer is Chief Executive Officer of all of the Credit platform's BDCs, including Blue Owl Technology Finance Corp., and Co-President of Blue Owl Capital. All three are also members of Credit’s investment committee.