Form: 10-Q

Quarterly report [Sections 13 or 15(d)]

May 12, 2025

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(dba Prometheus Group), First lien senior secured loan2025-03-310001747777AlphaSense, Inc., First lien senior secured loan2025-03-310001747777Anaplan, Inc., First lien senior secured loan2025-03-310001747777Armstrong Bidco Limited, First lien senior secured GBP term loan2025-03-310001747777Artifact Bidco, Inc. (dba Avetta), First lien senior secured loan2025-03-310001747777Boxer Parent Company Inc. (f/k/a BMC), First lien senior secured loan2025-03-310001747777Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured loan2025-03-310001747777CivicPlus, LLC, First lien senior secured loan2025-03-310001747777Coupa Holdings, LLC, First lien senior secured loan2025-03-310001747777CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC), Unsecured notes2025-03-310001747777Diamondback Acquisition, Inc. (dba Sphera), First lien senior secured loan2025-03-310001747777Einstein Parent, Inc. (dba Smartsheet), First lien senior secured loan2025-03-310001747777Fullsteam Operations, LLC, First lien senior secured loan2025-03-310001747777Fullsteam Operations, LLC, First lien senior secured delayed draw term loan2025-03-310001747777Gainsight, Inc., First lien senior secured loan2025-03-310001747777Granicus, Inc., First lien senior secured loan2025-03-310001747777Granicus, Inc., First lien senior secured delayed draw term loan2025-03-310001747777GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured loan2025-03-310001747777JS Parent, Inc. (dba Jama Software), First lien senior secured loan2025-03-310001747777Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured loan2025-03-310001747777Ministry Brands Holdings, LLC, First lien senior secured loan2025-03-310001747777Simpler Postage, Inc. (dba Easypost), First lien senior secured loan2025-03-310001747777Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured loan2025-03-310001747777Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured loan2025-03-310001747777XPLOR T1, LLC, First lien senior secured loan2025-03-310001747777Zendesk, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ApplicationSoftwareMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Finastra USA, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:BanksMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Innovation Ventures HoldCo, LLC (dba 5 Hour Energy), First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:BeveragesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777EET Buyer, Inc. (dba e-Emphasys), First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:BuildingProductsMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Associations, Inc., First lien senior secured revolving loan2025-03-310001747777Associations Finance, Inc., Unsecured notes2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:BuildingsRealEstateMemberus-gaap:DebtSecuritiesMember2025-03-310001747777CCM Midco, LLC (f/k/a Cresset Capital Management, LLC), First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:CapitalMarketsMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured loan2025-03-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured revolving loan2025-03-310001747777SimpliSafe Holding Corporation, First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:CommercialServicesSuppliesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Dodge Construction Network LLC, First lien senior secured loan 12025-03-310001747777Dodge Construction Network LLC, First lien senior secured loan 22025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:ConstructionSectorMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Klarna Holding AB, Subordinated Floating Rate Notes2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ConsumerFinanceMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Ellucian Holdings Inc. (f/k/a Sophia, L.P.), First lien senior secured loan2025-03-310001747777Icefall Parent, Inc. (dba EngageSmart), First lien senior secured loan2025-03-310001747777Juniper Square, Inc., First lien senior secured loan2025-03-310001747777Litera Bidco LLC, First lien senior secured loan2025-03-310001747777Relativity ODA LLC, First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:DiversifiedConsumerServicesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Blackhawk Network Holdings, Inc., First lien senior secured loan2025-03-310001747777BTRS Holdings Inc. (dba Billtrust), First lien senior secured loan2025-03-310001747777Computer Services, Inc. (dba CSI), First lien senior secured loan 12025-03-310001747777Computer Services, Inc. (dba CSI), First lien senior secured loan 22025-03-310001747777Hg Genesis 8 Sumoco Limited, Unsecured facility2025-03-310001747777Hg Genesis 9 SumoCo Limited, Unsecured facility2025-03-310001747777Hg Saturn Luchaco Limited, Unsecured facility2025-03-310001747777Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured loan2025-03-310001747777NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured loan2025-03-310001747777Smarsh Inc., First lien senior secured loan2025-03-310001747777Smarsh Inc., First lien senior secured revolving loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:DiversifiedFinancialServicesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777CoreTrust Purchasing Group LLC, First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:DiversifiedSupportServicesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Aerosmith Bidco 1 Limited (dba Audiotonix), First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ElectricalEquipmentMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Storable, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:EquityRealEstateInvestmentTrustsREITsMemberus-gaap:DebtSecuritiesMember2025-03-310001747777IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured loan2025-03-310001747777IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured revolving loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:FoodStaplesRetailingMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Cambrex Corporation, First lien senior secured loan2025-03-310001747777Packaging Coordinators Midco, Inc., First lien senior secured loan2025-03-310001747777PerkinElmer U.S. LLC, First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthCareEquipmentSuppliesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Covetrus, Inc., Second lien senior secured loan2025-03-310001747777Engage Debtco Limited, First lien senior secured loan2025-03-310001747777EresearchTechnology, Inc. (dba Clario), First lien senior secured loan2025-03-310001747777KWOL Acquisition, Inc. (dba Worldwide Clinical Trials), First lien senior secured loan2025-03-310001747777OneOncology, LLC, First lien senior secured loan2025-03-310001747777OneOncology, LLC, First lien senior secured delayed draw term loan2025-03-310001747777PetVet Care Centers, LLC, First lien senior secured loan2025-03-310001747777Phantom Purchaser, Inc., First lien senior secured loan2025-03-310001747777TC Holdings, LLC (dba TrialCard), First lien senior secured loan2025-03-310001747777Vermont Aus Pty Ltd, First lien senior secured AUD term loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthCareProvidersServicesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Athenahealth Group Inc., First lien senior secured loan2025-03-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured loan2025-03-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured delayed draw term loan2025-03-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured revolving loan2025-03-310001747777Color Intermediate, LLC (dba ClaimsXten), First lien senior secured loan2025-03-310001747777CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured loan2025-03-310001747777GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured loan2025-03-310001747777Greenway Health, LLC, First lien senior secured loan2025-03-310001747777Hyland Software, Inc., First lien senior secured loan2025-03-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured loan2025-03-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured delayed draw term loan2025-03-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured revolving loan2025-03-310001747777Inovalon Holdings, Inc., First lien senior secured loan2025-03-310001747777Inovalon Holdings, Inc., Second lien senior secured loan2025-03-310001747777Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.), First lien senior secured loan2025-03-310001747777Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured loan2025-03-310001747777Natural Partners, LLC, First lien senior secured loan2025-03-310001747777Neptune Holdings, Inc. (dba NexTech), First lien senior secured loan2025-03-310001747777Project Ruby Ultimate Parent Corp. (dba Wellsky), First lien senior secured loan2025-03-310001747777RL Datix Holdings (USA), Inc., First lien senior secured loan2025-03-310001747777RL Datix Holdings (USA), Inc., First lien senior secured GBP term loan2025-03-310001747777Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMember2025-03-310001747777MINDBODY, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HotelsRestaurantsLeisureMemberus-gaap:DebtSecuritiesMember2025-03-310001747777BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HouseholdDurablesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Aptean Acquiror, Inc. (dba Aptean), First lien senior secured loan2025-03-310001747777QAD, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:IndustrialConglomeratesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777AmeriLife Holdings LLC, First lien senior secured loan2025-03-310001747777Asurion, LLC, First lien senior secured loan2025-03-310001747777Asurion, LLC, Second lien senior secured loan2025-03-310001747777Diamond Insure Bidco (dba Acturis), First lien senior secured EUR term loan2025-03-310001747777Diamond Insure Bidco (dba Acturis), First lien senior secured GBP term loan2025-03-310001747777Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured loan2025-03-310001747777Galway Borrower LLC, First lien senior secured delayed draw term loan2025-03-310001747777Integrated Specialty Coverages, LLC, First lien senior secured loan2025-03-310001747777Integrity Marketing Acquisition, LLC, First lien senior secured loan2025-03-310001747777Simplicity Financial Marketing Group Holdings, Inc., First lien senior secured loan2025-03-310001747777Simplicity Financial Marketing Group Holdings, Inc., First lien senior secured delayed draw term loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:InsuranceSectorMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Aurelia Netherlands B.V., First lien senior secured EUR term loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:InternetDirectMarketingRetailMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Kaseya Inc., First lien senior secured loan2025-03-310001747777Kaseya Inc., Second lien senior secured loan2025-03-310001747777Severin Acquisition, LLC (dba PowerSchool), First lien senior secured loan2025-03-310001747777Severin Acquisition, LLC (dba PowerSchool), First lien senior secured delayed draw term loan2025-03-310001747777Severin Acquisition, LLC (dba PowerSchool), First lien senior secured revolving loan2025-03-310001747777Spaceship Purchaser, Inc. (dba Squarespace), First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:TechnologySectorMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Bamboo US BidCo LLC, First lien senior secured EUR term loan2025-03-310001747777Bamboo US BidCo LLC, First lien senior secured loan2025-03-310001747777Bracket Intermediate Holding Corp., First lien senior secured loan2025-03-310001747777Creek Parent, Inc. (dba Catalent), First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:LifeSciencesToolsServicesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Monotype Imaging Holdings Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:MediaMemberus-gaap:DebtSecuritiesMember2025-03-310001747777PDI TA Holdings, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:MultilineRetailMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Foundation Consumer Brands, LLC, First lien senior secured loan2025-03-310001747777Pacific BidCo Inc., First lien senior secured loan2025-03-310001747777Pacific BidCo Inc., First lien senior secured delayed draw term loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:PharmaceuticalsMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Certinia Inc., First lien senior secured loan2025-03-310001747777CloudPay, Inc., First lien senior secured loan2025-03-310001747777Cornerstone OnDemand, Inc., Second lien senior secured loan2025-03-310001747777Gerson Lehrman Group, Inc., First lien senior secured loan2025-03-310001747777Proofpoint, Inc., First lien senior secured loan2025-03-310001747777Sensor Technology Topco, Inc. (dba Humanetics), First lien senior secured loan2025-03-310001747777Sensor Technology Topco, Inc. (dba Humanetics), First lien senior secured EUR term loan2025-03-310001747777Sensor Technology Topco, Inc. (dba Humanetics), First lien senior secured revolving loan2025-03-310001747777Sovos Compliance, LLC, First lien senior secured loan2025-03-310001747777Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured loan2025-03-310001747777TK Operations Ltd (dba Travelperk, Inc.), First lien senior secured loan2025-03-310001747777When I Work, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ProfessionalServicesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Entrata, Inc., First lien senior secured loan2025-03-310001747777RealPage, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:RealEstateManagementDevelopmentMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Acquia Inc., First lien senior secured loan2025-03-310001747777Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured loan2025-03-310001747777Appfire Technologies, LLC, First lien senior secured loan2025-03-310001747777Arctic Wolf Networks, Inc., First lien senior secured loan2025-03-310001747777Arctic Wolf Networks, Inc., Senior convertible notes2025-03-310001747777Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured loan2025-03-310001747777Barracuda Networks, Inc., First lien senior secured loan2025-03-310001747777Barracuda Networks, Inc., Second lien senior secured loan2025-03-310001747777Barracuda Parent, LLC, First lien senior secured loan2025-03-310001747777Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured loan2025-03-310001747777ConnectWise, LLC, First lien senior secured loan2025-03-310001747777Crewline Buyer, Inc. (dba New Relic), First lien senior secured loan2025-03-310001747777Databricks, Inc., First lien senior secured loan2025-03-310001747777Databricks, Inc., First lien senior secured delayed draw term loan2025-03-310001747777Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured loan2025-03-310001747777Delta TopCo, Inc. (dba Infoblox, Inc.), Second lien senior secured loan2025-03-310001747777Forescout Technologies, Inc., First lien senior secured loan2025-03-310001747777H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured loan2025-03-310001747777LogRhythm, Inc., First lien senior secured loan2025-03-310001747777Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured loan 12025-03-310001747777Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured loan 22025-03-310001747777Ping Identity Holding Corp., First lien senior secured loan2025-03-310001747777Rubrik, Inc., First lien senior secured loan2025-03-310001747777Securonix, Inc., First lien senior secured loan2025-03-310001747777Securonix, Inc., First lien senior secured revolving loan2025-03-310001747777Sitecore Holding III A/S, First lien senior secured loan2025-03-310001747777Sitecore Holding III A/S, First lien senior secured EUR term loan2025-03-310001747777Sitecore USA, Inc., First lien senior secured loan2025-03-310001747777Sophos Holdings, LLC, First lien senior secured loan2025-03-310001747777Talon MidCo 2 Limited, First lien senior secured loan2025-03-310001747777Tricentis Operations Holdings, Inc., First lien senior secured loan2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:SystemsSoftwareMemberus-gaap:DebtSecuritiesMember2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:TotalCompanyInvestmentsIncludingMiscellaneousDebtCommitmentsMember2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:MiscellaneousDebtCommitmentsNettingMember2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Space Exploration Technologies Corp., Class A Common Stock2025-03-310001747777Space Exploration Technologies Corp., Class C Common Stock2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:AerospaceSectorMemberus-gaap:EquitySecuritiesMember2025-03-3100017477776Sense Insights, Inc., Series E-1 Preferred Stock2025-03-310001747777Alpha Partners Technology Merger Corp, Common stock2025-03-310001747777Alpha Partners Technology Merger Corp, Warrants2025-03-310001747777AlphaSense, LLC, Series E Preferred Shares2025-03-310001747777Bird Holding B.V. (fka MessageBird Holding B.V.), Extended Series C Warrants2025-03-310001747777Diligent Preferred Issuer, Inc. (dba Diligent Corporation), Preferred Stock2025-03-310001747777EShares, Inc. (dba Carta), Series E Preferred Stock2025-03-310001747777Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC), LP Interest2025-03-310001747777Nylas, Inc., Series C Preferred Stock2025-03-310001747777Project Alpine Co-Invest Fund, LP, LP Interest2025-03-310001747777Saturn Ultimate, Inc., Common stock2025-03-310001747777Simpler Postage, Inc. (dba Easypost), Warrants2025-03-310001747777Zoro TopCo, L.P., Class A Common Units2025-03-310001747777Zoro TopCo, Inc., Series A Preferred Equity2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ApplicationSoftwareMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Acorns Grow Incorporated, Series F Preferred Stock2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:CapitalMarketsMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Dodge Construction Network Holdings, L.P., Class A-2 Common Units2025-03-310001747777Dodge Construction Network Holdings, L.P., Series A Preferred Units2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:ConstructionSectorMemberus-gaap:EquitySecuritiesMember2025-03-310001747777SLA Eclipse Co-Invest, L.P., LP Interest2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ConsumerProductsMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Amergin Asset Management, LLC, Class A Units2025-03-310001747777Brex, Inc., Preferred Stock2025-03-310001747777Juniper Square, Inc., Warrants2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:DiversifiedFinancialServicesMemberus-gaap:EquitySecuritiesMember2025-03-310001747777BEHP Co-Investor II, L.P., LP Interest2025-03-310001747777Minerva Holdco, Inc., Senior A Preferred Stock2025-03-310001747777Orange Blossom Parent, Inc., Common Units2025-03-310001747777WP Irving Co-Invest, L.P., Partnership Units2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthcareTechnologyMemberus-gaap:EquitySecuritiesMember2025-03-310001747777KWOL Acquisition, Inc. (dba Worldwide Clinical Trials), Class A Interest2025-03-310001747777Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers), Series A Preferred Stock2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthCareProvidersServicesMemberus-gaap:EquitySecuritiesMember2025-03-310001747777VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.), Series A Preferred Stock2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HotelsRestaurantsLeisureMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Accelerate Topco Holdings, LLC, Common Units2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:InsuranceSectorMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Kajabi Holdings, LLC, Senior Preferred Class D Units2025-03-310001747777Linked Store Cayman Ltd. (dba Nuvemshop), Series E Preferred Stock2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:InternetDirectMarketingRetailMemberus-gaap:EquitySecuritiesMember2025-03-310001747777E2Open Parent Holdings, Inc., Class A Common Stock2025-03-310001747777JumpCloud, Inc., Series B Preferred Stock2025-03-310001747777JumpCloud, Inc., Series F Preferred Stock2025-03-310001747777Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.), Perpetual Preferred Stock2025-03-310001747777Replicated, Inc., Series C Preferred Stock2025-03-310001747777WMC Bidco, Inc. (dba West Monroe), Senior Preferred Stock2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:TechnologySectorMemberus-gaap:EquitySecuritiesMember2025-03-310001747777XOMA Corporation, Warrants2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:PharmaceuticalsMemberus-gaap:EquitySecuritiesMember2025-03-310001747777BCTO WIW Holdings, Inc. (dba When I Work), Class A Common Stock2025-03-310001747777CloudPay, Inc., Series E Preferred Stock2025-03-310001747777Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.), Series A Preferred Stock2025-03-310001747777Thunder Topco L.P. (dba Vector Solutions), Common Units2025-03-310001747777TravelPerk, Inc., Warrants2025-03-310001747777Vestwell Holdings, Inc., Series D Preferred Stock2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ProfessionalServicesMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Bolt Technology OÜ, Preferred Stock2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:RoadRailMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Algolia, Inc., Series C Preferred Stock2025-03-310001747777Algolia, Inc., Series D Preferred Stock2025-03-310001747777Arctic Wolf Networks, Inc., Preferred Stock2025-03-310001747777Axonius, Inc., Series E Preferred Stock2025-03-310001747777Brooklyn Lender Co-Invest 2, L.P. (dba Boomi), Common Units2025-03-310001747777Chrome Investors LP, LP Interest2025-03-310001747777Circle Internet Services, Inc., Warrants2025-03-310001747777Circle Internet Services, Inc., Series D Preferred Stock2025-03-310001747777Circle Internet Services, Inc., Series E Preferred Stock2025-03-310001747777Circle Internet Services, Inc., Series F Preferred Stock2025-03-310001747777Circle Internet Services, Inc., Subordinated Convertible Security2025-03-310001747777Elliott Alto Co-Investor Aggregator L.P., LP Interest2025-03-310001747777Excalibur CombineCo, L.P., Class A Units2025-03-310001747777Halo Parent Newco, LLC, Class H PIK Preferred Equity2025-03-310001747777HARNESS INC., Series D Preferred Stock2025-03-310001747777Illumio, Inc., Common stock2025-03-310001747777Illumio, Inc., Series F Preferred Stock2025-03-310001747777Project Hotel California Co-Invest Fund, L.P., LP Interest2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:SystemsSoftwareMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Blend Labs, Inc., Warrants2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ThriftsMortgageFinanceMemberus-gaap:EquitySecuritiesMember2025-03-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2025-03-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, First lien senior secured loan2025-03-310001747777AAM Series 2.1 Aviation Feeder, LLC, First lien senior secured loan2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:DiversifiedFinancialServicesMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Coherent Group Inc., Convertible notes2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:InsuranceSectorMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Walker Edison Furniture Company LLC, First lien senior secured loan2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:InternetDirectMarketingRetailMemberus-gaap:DebtSecuritiesMember2025-03-310001747777Pluralsight, LLC, First lien senior secured loan 12025-03-310001747777Pluralsight, LLC, First lien senior secured loan 22025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:TechnologySectorMemberus-gaap:DebtSecuritiesMember2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:DebtSecuritiesMember2025-03-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest2025-03-310001747777AAM Series 2.1 Aviation Feeder, LLC, LLC Interest2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:DiversifiedFinancialServicesMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Coherent Group Inc., Series B Preferred Shares2025-03-310001747777Fifth Season Investments LLC, Class A Units2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:InsuranceSectorMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Signifyd Inc., Preferred equity2025-03-310001747777Walker Edison Holdco LLC, Common Units2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:InternetDirectMarketingRetailMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Paradigmatic Holdco LLC (dba Pluralsight), Common stock2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:TechnologySectorMemberus-gaap:EquitySecuritiesMember2025-03-310001747777LSI Financing LLC, Common Equity2025-03-310001747777LSI Financing 1 DAC, Preferred equity2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:PharmaceuticalsMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Help HP SCF Investor, LP, LP Interest2025-03-310001747777Securiti, Inc., Series C Preferred Shares2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:SystemsSoftwareMemberus-gaap:EquitySecuritiesMember2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:TotalCompanyInvestmentsIncludingMiscellaneousDebtCommitmentsMember2025-03-310001747777Revolut Ribbit Holdings, LLC, LLC Interest2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerControlledMemberortf:DiversifiedFinancialServicesMemberus-gaap:EquitySecuritiesMember2025-03-310001747777Blue Owl Credit SLF LLC, LLC Interest2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerControlledMemberortf:JointVenturesMemberus-gaap:EquitySecuritiesMember2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2025-03-310001747777us-gaap:InvestmentAffiliatedIssuerControlledMemberortf:TotalCompanyInvestmentsIncludingMiscellaneousDebtCommitmentsMember2025-03-310001747777ortf:April2029NotesMemberus-gaap:InterestRateSwapMemberus-gaap:UnsecuredDebtMember2025-03-310001747777ortf:March2028NotesMemberus-gaap:InterestRateSwapMemberus-gaap:UnsecuredDebtMember2025-03-310001747777us-gaap:InterestRateSwapMemberus-gaap:UnsecuredDebtMember2025-03-310001747777Aerosmith Bidco 1 Limited (dba Audiotonix), First lien senior secured delayed draw term loan2025-03-310001747777AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured delayed draw term loan2025-03-310001747777AlphaSense, Inc., First lien senior secured delayed draw term loan 12025-03-310001747777AlphaSense, Inc., First lien senior secured delayed draw term loan 22025-03-310001747777AmeriLife Holdings LLC, First lien senior secured delayed draw term loan 12025-03-310001747777AmeriLife Holdings LLC, First lien senior secured delayed draw term loan 22025-03-310001747777Appfire Technologies, LLC, First lien senior secured delayed draw term loan 12025-03-310001747777Appfire Technologies, LLC, First lien senior secured delayed draw term loan 22025-03-310001747777Aptean Acquiror, Inc. (dba Aptean), First lien senior secured delayed draw term loan 12025-03-310001747777Aptean Acquiror, Inc. (dba Aptean), First lien senior secured delayed draw term loan 22025-03-310001747777Aptean Acquiror, Inc. (dba Aptean), First lien senior secured delayed draw term loan 32025-03-310001747777Artifact Bidco, Inc. (dba Avetta), First lien senior secured delayed draw term loan2025-03-310001747777Associations, Inc., First lien senior secured delayed draw term loan2025-03-310001747777Bamboo US BidCo LLC, First lien senior secured delayed draw term loan2025-03-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured delayed draw term loan, 10/20252025-03-310001747777Cambrex Corporation, First lien senior secured delayed draw term loan2025-03-310001747777CCM Midco, LLC (f/k/a Cresset Capital Management, LLC), First lien senior secured delayed draw term loan 12025-03-310001747777CCM Midco, LLC (f/k/a Cresset Capital Management, LLC), First lien senior secured delayed draw term loan 22025-03-310001747777Computer Services, Inc. (dba CSI), First lien senior secured delayed draw term loan2025-03-310001747777CoreTrust Purchasing Group LLC, First lien senior secured delayed draw term loan2025-03-310001747777Coupa Holdings, LLC, First lien senior secured delayed draw term loan2025-03-310001747777CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured delayed draw term loan2025-03-310001747777EET Buyer, Inc. (dba e-Emphasys), First lien senior secured delayed draw term loan2025-03-310001747777EresearchTechnology, Inc. (dba Clario), First lien senior secured delayed draw term loan 12025-03-310001747777EresearchTechnology, Inc. (dba Clario), First lien senior secured delayed draw term loan 22025-03-310001747777Fullsteam Operations, LLC, First lien senior secured delayed draw term loan 12025-03-310001747777Fullsteam Operations, LLC, First lien senior secured delayed draw term loan 22025-03-310001747777Galway Borrower LLC, First lien senior secured delayed draw term loan, 7/20262025-03-310001747777GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured delayed draw term loan, 12/20252025-03-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured delayed draw term loan, 12/20252025-03-310001747777Integrated Specialty Coverages, LLC, First lien senior secured delayed draw term loan2025-03-310001747777Integrity Marketing Acquisition, LLC, First lien senior secured delayed draw term loan2025-03-310001747777Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured delayed draw term loan2025-03-310001747777Juniper Square, Inc., First lien senior secured delayed draw term loan2025-03-310001747777Litera Bidco LLC, First lien senior secured delayed draw term loan 12025-03-310001747777Litera Bidco LLC, First lien senior secured delayed draw term loan 22025-03-310001747777ManTech International Corporation, First lien senior secured delayed draw term loan2025-03-310001747777Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured delayed draw term loan2025-03-310001747777Monotype Imaging Holdings Inc., First lien senior secured delayed draw term loan2025-03-310001747777OneOncology, LLC, First lien senior secured delayed draw term loan 12025-03-310001747777OneOncology, LLC, First lien senior secured delayed draw term loan 22025-03-310001747777Packaging Coordinators Midco, Inc., First lien senior secured delayed draw term loan2025-03-310001747777PDI TA Holdings, Inc., First lien senior secured delayed draw term loan2025-03-310001747777PetVet Care Centers, LLC, First lien senior secured delayed draw term loan2025-03-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured delayed draw term loan 12025-03-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured delayed draw term loan 22025-03-310001747777RL Datix Holdings (USA), Inc., First lien senior secured delayed draw term loan2025-03-310001747777Rubrik, Inc., First lien senior secured delayed draw term loan2025-03-310001747777Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured delayed draw term loan2025-03-310001747777Sensor Technology Topco, Inc. (dba Humanetics), First lien senior secured delayed draw term loan2025-03-310001747777Sensor Technology Topco, Inc. (dba Humanetics), First lien senior secured EUR delayed draw term loan2025-03-310001747777Severin Acquisition, LLC (dba PowerSchool), First lien senior secured delayed draw term loan, 10/20272025-03-310001747777Simpler Postage, Inc. (dba Easypost), First lien senior secured delayed draw term loan2025-03-310001747777Simplicity Financial Marketing Group Holdings, Inc., First lien senior secured delayed draw term loan, 12/20262025-03-310001747777Smarsh Inc., First lien senior secured delayed draw term loan2025-03-310001747777Spaceship Purchaser, Inc. (dba Squarespace), First lien senior secured delayed draw term loan 12025-03-310001747777Spaceship Purchaser, Inc. (dba Squarespace), First lien senior secured delayed draw term loan 22025-03-310001747777Tricentis Operations Holdings, Inc., First lien senior secured delayed draw term loan2025-03-310001747777Zendesk, Inc., First lien senior secured delayed draw term loan2025-03-310001747777Acquia Inc., First lien senior secured revolving loan2025-03-310001747777Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured revolving loan2025-03-310001747777Aerosmith Bidco 1 Limited (dba Audiotonix), First lien senior secured revolving loan2025-03-310001747777AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured revolving loan2025-03-310001747777AmeriLife Holdings LLC, First lien senior secured revolving loan2025-03-310001747777Anaplan, Inc., First lien senior secured revolving loan2025-03-310001747777Appfire Technologies, LLC, First lien senior secured revolving loan2025-03-310001747777Aptean Acquiror, Inc. (dba Aptean), First lien senior secured revolving loan2025-03-310001747777Artifact Bidco, Inc. (dba Avetta), First lien senior secured revolving loan2025-03-310001747777Associations, Inc., First lien senior secured revolving loan, 7/20282025-03-310001747777Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured revolving loan2025-03-310001747777Bamboo US BidCo LLC, First lien senior secured revolving loan2025-03-310001747777Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured revolving loan2025-03-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured revolving loan, 8/20262025-03-310001747777BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured revolving loan2025-03-310001747777BTRS Holdings Inc. (dba Billtrust), First lien senior secured revolving loan2025-03-310001747777Cambrex Corporation, First lien senior secured revolving loan2025-03-310001747777Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured revolving loan2025-03-310001747777CCM Midco, LLC (f/k/a Cresset Capital Management, LLC), First lien senior secured revolving loan2025-03-310001747777Certinia Inc., First lien senior secured revolving loan2025-03-310001747777CivicPlus, LLC, First lien senior secured revolving loan2025-03-310001747777CoreTrust Purchasing Group LLC, First lien senior secured revolving loan2025-03-310001747777Coupa Holdings, LLC, First lien senior secured revolving loan2025-03-310001747777Creek Parent, Inc. (dba Catalent), First lien senior secured revolving loan2025-03-310001747777Crewline Buyer, Inc. (dba New Relic), First lien senior secured revolving loan2025-03-310001747777CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured revolving loan2025-03-310001747777Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured revolving loan2025-03-310001747777Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured revolving loan2025-03-310001747777EET Buyer, Inc. (dba e-Emphasys), First lien senior secured revolving loan2025-03-310001747777Einstein Parent, Inc. (dba Smartsheet), First lien senior secured revolving loan2025-03-310001747777Entrata, Inc., First lien senior secured revolving loan2025-03-310001747777EresearchTechnology, Inc. (dba Clario), First lien senior secured revolving loan2025-03-310001747777Finastra USA, Inc., First lien senior secured revolving loan2025-03-310001747777Forescout Technologies, Inc., First lien senior secured revolving loan2025-03-310001747777Foundation Consumer Brands, LLC, First lien senior secured revolving loan2025-03-310001747777Fullsteam Operations, LLC, First lien senior secured revolving loan2025-03-310001747777Gainsight, Inc., First lien senior secured revolving loan2025-03-310001747777Galway Borrower LLC, First lien senior secured revolving loan2025-03-310001747777Gerson Lehrman Group, Inc., First lien senior secured revolving loan2025-03-310001747777GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured revolving loan2025-03-310001747777Granicus, Inc., First lien senior secured revolving loan2025-03-310001747777GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured revolving loan2025-03-310001747777H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured revolving loan2025-03-310001747777Hyland Software, Inc., First lien senior secured revolving loan2025-03-310001747777Icefall Parent, Inc. (dba EngageSmart), First lien senior secured revolving loan2025-03-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured revolving loan, 6/20302025-03-310001747777Integrated Specialty Coverages, LLC, First lien senior secured revolving loan2025-03-310001747777Integrity Marketing Acquisition, LLC, First lien senior secured revolving loan2025-03-310001747777Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.), First lien senior secured revolving loan2025-03-310001747777Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured revolving loan2025-03-310001747777IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured revolving loan, 12/20272025-03-310001747777JS Parent, Inc. (dba Jama Software), First lien senior secured revolving loan2025-03-310001747777Juniper Square, Inc., First lien senior secured revolving loan2025-03-310001747777KWOL Acquisition, Inc. (dba Worldwide Clinical Trials), First lien senior secured revolving loan2025-03-310001747777Litera Bidco LLC, First lien senior secured revolving loan2025-03-310001747777LogRhythm, Inc., First lien senior secured revolving loan2025-03-310001747777Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured revolving loan2025-03-310001747777ManTech International Corporation, First lien senior secured revolving loan2025-03-310001747777MINDBODY, Inc., First lien senior secured revolving loan2025-03-310001747777Ministry Brands Holdings, LLC, First lien senior secured revolving loan2025-03-310001747777Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured revolving loan2025-03-310001747777Monotype Imaging Holdings Inc., First lien senior secured revolving loan2025-03-310001747777Natural Partners, LLC, First lien senior secured revolving loan2025-03-310001747777Neptune Holdings, Inc. (dba NexTech), First lien senior secured revolving loan2025-03-310001747777NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured revolving loan2025-03-310001747777OneOncology, LLC, First lien senior secured revolving loan2025-03-310001747777Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured revolving loan2025-03-310001747777Packaging Coordinators Midco, Inc., First lien senior secured revolving loan2025-03-310001747777PDI TA Holdings, Inc., First lien senior secured revolving loan2025-03-310001747777PetVet Care Centers, LLC, First lien senior secured revolving loan2025-03-310001747777Phantom Purchaser, Inc., First lien senior secured revolving loan2025-03-310001747777Ping Identity Holding Corp., First lien senior secured revolving loan2025-03-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured revolving loan, 5/20302025-03-310001747777QAD, Inc., First lien senior secured revolving loan2025-03-310001747777Relativity ODA LLC, First lien senior secured revolving loan2025-03-310001747777RL Datix Holdings (USA), Inc., First lien senior secured revolving loan2025-03-310001747777SailPoint Technologies Holdings, Inc., First lien senior secured revolving loan2025-03-310001747777Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured revolving loan2025-03-310001747777Securonix, Inc., First lien senior secured revolving loan, 4/20282025-03-310001747777Sensor Technology Topco, Inc. (dba Humanetics), First lien senior secured revolving loan, 5/20282025-03-310001747777Severin Acquisition, LLC (dba PowerSchool), First lien senior secured revolving loan, 10/20312025-03-310001747777Simplicity Financial Marketing Group Holdings, Inc., First lien senior secured revolving loan2025-03-310001747777Smarsh Inc., First lien senior secured revolving loan, 2/20292025-03-310001747777Spaceship Purchaser, Inc. (dba Squarespace), First lien senior secured revolving loan2025-03-310001747777Talon MidCo 2 Limited, First lien senior secured revolving loan2025-03-310001747777Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured revolving loan2025-03-310001747777TC Holdings, LLC (dba TrialCard), First lien senior secured revolving loan2025-03-310001747777Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured revolving loan2025-03-310001747777Tricentis Operations Holdings, Inc., First lien senior secured revolving loan2025-03-310001747777Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured revolving loan2025-03-310001747777When I Work, Inc., First lien senior secured revolving loan2025-03-310001747777Zendesk, Inc., First lien senior secured revolving loan2025-03-310001747777Chrome Investors LP, LP Interest, N/A2025-03-310001747777Pluralsight, LLC, First lien senior secured delayed draw term loan2025-03-310001747777Walker Edison Furniture Company LLC, First lien senior secured delayed draw term loan2025-03-310001747777Non-controlled/affiliated - revolving debt commitments2025-03-310001747777Pluralsight, LLC, First lien senior secured revolving loan2025-03-310001747777Walker Edison Furniture Company LLC, First lien senior secured revolving loan2025-03-310001747777Non-controlled/affiliated - equity commitments2025-03-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest, N/A2025-03-310001747777AAM Series 2.1 Aviation Feeder, LLC, LLC Interest, N/A2025-03-310001747777LSI Financing LLC, Common Equity, N/A2025-03-310001747777Total Portfolio Company Commitments2025-03-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC2024-12-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC2025-01-012025-03-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC2025-03-310001747777AAM Series 2.1 Aviation Feeder, LLC2024-12-310001747777AAM Series 2.1 Aviation Feeder, LLC2025-01-012025-03-310001747777AAM Series 2.1 Aviation Feeder, LLC2025-03-310001747777Coherent Group LTD2024-12-310001747777Coherent Group LTD2025-01-012025-03-310001747777Coherent Group LTD2025-03-310001747777Fifth Season Investments LLC2024-12-310001747777Fifth Season Investments LLC2025-01-012025-03-310001747777Fifth Season Investments LLC2025-03-310001747777Help HP SCF Investor, LP2024-12-310001747777Help HP SCF Investor, LP2025-01-012025-03-310001747777Help HP SCF Investor, LP2025-03-310001747777LSI Financing 1 DAC2024-12-310001747777LSI Financing 1 DAC2025-01-012025-03-310001747777LSI Financing 1 DAC2025-03-310001747777LSI Financing LLC2024-12-310001747777LSI Financing LLC2025-01-012025-03-310001747777LSI Financing LLC2025-03-310001747777Pluralsight, LLC2024-12-310001747777Pluralsight, LLC2025-01-012025-03-310001747777Pluralsight, LLC2025-03-310001747777Securiti, Inc.2024-12-310001747777Securiti, Inc.2025-01-012025-03-310001747777Securiti, Inc.2025-03-310001747777Signifyd Inc.2024-12-310001747777Signifyd Inc.2025-01-012025-03-310001747777Signifyd Inc.2025-03-310001747777Walker Edison Furniture Company LLC2024-12-310001747777Walker Edison Furniture Company LLC2025-01-012025-03-310001747777Walker Edison Furniture Company LLC2025-03-310001747777Blue Owl Credit SLF LLC(c)2024-12-310001747777Blue Owl Credit SLF LLC(c)2025-01-012025-03-310001747777Blue Owl Credit SLF LLC(c)2025-03-310001747777Revolut Ribbit Holdings, LLC2024-12-310001747777Revolut Ribbit Holdings, LLC2025-01-012025-03-310001747777Revolut Ribbit Holdings, LLC2025-03-310001747777ortf:HarnessInc.Memberus-gaap:RetainedInvestmentInBusinessMember2025-03-310001747777ManTech International Corporation, First lien senior secured loan2024-12-310001747777Peraton Corp., Second lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:AerospaceSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001747777AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured loan2024-12-310001747777AlphaSense, Inc., First lien senior secured loan2024-12-310001747777Anaplan, Inc., First lien senior secured loan2024-12-310001747777Armstrong Bidco Limited, First lien senior secured GBP term loan2024-12-310001747777Artifact Bidco, Inc. (dba Avetta), First lien senior secured loan2024-12-310001747777Avalara, Inc., First lien senior secured loan2024-12-310001747777Boxer Parent Company Inc. (f/k/a BMC), First lien senior secured loan2024-12-310001747777Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured loan2024-12-310001747777CivicPlus, LLC, First lien senior secured loan2024-12-310001747777Coupa Holdings, LLC, First lien senior secured loan2024-12-310001747777CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC), Unsecured notes2024-12-310001747777Diamondback Acquisition, Inc. (dba Sphera), First lien senior secured loan2024-12-310001747777Fullsteam Operations, LLC, First lien senior secured loan2024-12-310001747777Fullsteam Operations, LLC, First lien senior secured delayed draw term loan2024-12-310001747777Gainsight, Inc., First lien senior secured loan2024-12-310001747777Granicus, Inc., First lien senior secured loan2024-12-310001747777Granicus, Inc., First lien senior secured delayed draw term loan2024-12-310001747777GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured loan2024-12-310001747777JS Parent, Inc. (dba Jama Software), First lien senior secured loan2024-12-310001747777Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured loan2024-12-310001747777Ministry Brands Holdings, LLC, First lien senior secured loan2024-12-310001747777Simpler Postage, Inc. (dba Easypost), First lien senior secured loan2024-12-310001747777Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured loan2024-12-310001747777Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured loan2024-12-310001747777XPLOR T1, LLC, First lien senior secured loan2024-12-310001747777Zendesk, Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ApplicationSoftwareMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Finastra USA, Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:BanksMemberus-gaap:DebtSecuritiesMember2024-12-310001747777EET Buyer, Inc. (dba e-Emphasys), First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:BuildingProductsMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Associations Finance, Inc., Unsecured notes2024-12-310001747777Associations, Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:BuildingsRealEstateMemberus-gaap:DebtSecuritiesMember2024-12-310001747777SimpliSafe Holding Corporation, First lien senior secured loan2024-12-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured loan2024-12-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured revolving loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:CommercialServicesSuppliesMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Klarna Holding AB, Subordinated Floating Rate Notes2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ConsumerFinanceMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Icefall Parent, Inc. (dba EngageSmart), First lien senior secured loan2024-12-310001747777Litera Bidco LLC, First lien senior secured loan2024-12-310001747777Relativity ODA LLC, First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:DiversifiedConsumerServicesMemberus-gaap:DebtSecuritiesMember2024-12-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, First lien senior secured loan2024-12-310001747777AAM Series 2.1 Aviation Feeder, LLC, First lien senior secured loan2024-12-310001747777Blackhawk Network Holdings, Inc., First lien senior secured loan2024-12-310001747777BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured loan2024-12-310001747777Computer Services, Inc. (dba CSI), First lien senior secured loan 12024-12-310001747777Computer Services, Inc. (dba CSI), First lien senior secured loan 22024-12-310001747777Hg Genesis 8 Sumoco Limited, Unsecured facility2024-12-310001747777Hg Genesis 9 SumoCo Limited, Unsecured facility2024-12-310001747777Hg Saturn Luchaco Limited, Unsecured facility2024-12-310001747777Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured loan2024-12-310001747777NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured loan2024-12-310001747777Smarsh Inc., First lien senior secured loan2024-12-310001747777Smarsh Inc., First lien senior secured revolving loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:DiversifiedFinancialServicesMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Aerosmith Bidco 1 Limited (dba Audiotonix), First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ElectricalEquipmentMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Storable, Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:EquityRealEstateInvestmentTrustsREITsMemberus-gaap:DebtSecuritiesMember2024-12-310001747777IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured loan2024-12-310001747777IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured revolving loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:FoodStaplesRetailingMemberus-gaap:DebtSecuritiesMember2024-12-310001747777KWOL Acquisition Inc. (dba Worldwide Clinical Trials), First lien senior secured loan2024-12-310001747777PetVet Care Centers, LLC, First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthCareProvidersServicesMemberus-gaap:DebtSecuritiesMember2024-12-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured loan2024-12-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured delayed draw term loan2024-12-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured revolving loan2024-12-310001747777CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured loan2024-12-310001747777GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured loan2024-12-310001747777GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured revolving loan2024-12-310001747777Greenway Health, LLC, First lien senior secured loan2024-12-310001747777Hyland Software, Inc., First lien senior secured loan2024-12-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured loan2024-12-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured delayed draw term loan2024-12-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured revolving loan2024-12-310001747777Inovalon Holdings, Inc., First lien senior secured loan2024-12-310001747777Inovalon Holdings, Inc., Second lien senior secured loan2024-12-310001747777Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.), First lien senior secured loan2024-12-310001747777Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured loan2024-12-310001747777Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured revolving loan2024-12-310001747777Neptune Holdings, Inc. (dba NexTech), First lien senior secured loan2024-12-310001747777RL Datix Holdings (USA), Inc., First lien senior secured loan2024-12-310001747777RL Datix Holdings (USA), Inc., First lien senior secured revolving loan2024-12-310001747777RL Datix Holdings (USA), Inc., First lien senior secured GBP term loan2024-12-310001747777Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthcareTechnologyMemberus-gaap:DebtSecuritiesMember2024-12-310001747777MINDBODY, Inc., First lien senior secured loan2024-12-310001747777Par Technology Corporation, First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HotelsRestaurantsLeisureMemberus-gaap:DebtSecuritiesMember2024-12-310001747777BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HouseholdDurablesMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Aptean Acquiror, Inc. (dba Aptean), First lien senior secured loan2024-12-310001747777QAD, Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:IndustrialConglomeratesMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Asurion, LLC, Second lien senior secured loan2024-12-310001747777Diamond Insure Bidco (dba Acturis), First lien senior secured EUR term loan2024-12-310001747777Diamond Insure Bidco (dba Acturis), First lien senior secured GBP term loan2024-12-310001747777Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured loan2024-12-310001747777Integrity Marketing Acquisition, LLC, First lien senior secured loan2024-12-310001747777Simplicity Financial Marketing Group Holdings, Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:InsuranceSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Aurelia Netherlands B.V., First lien senior secured EUR term loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:InternetDirectMarketingRetailMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Kaseya Inc., First lien senior secured loan2024-12-310001747777Kaseya Inc., First lien senior secured delayed draw term loan2024-12-310001747777Severin Acquisition, LLC (dba PowerSchool), First lien senior secured loan2024-12-310001747777Spaceship Purchaser, Inc. (dba Squarespace), First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:TechnologySectorMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Bamboo US BidCo LLC, First lien senior secured EUR term loan2024-12-310001747777Bamboo US BidCo LLC, First lien senior secured loan2024-12-310001747777Creek Parent, Inc. (dba Catalent), First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:LifeSciencesToolsServicesMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Monotype Imaging Holdings Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:MediaMemberus-gaap:DebtSecuritiesMember2024-12-310001747777PDI TA Holdings, Inc., First lien senior secured loan2024-12-310001747777PDI TA Holdings, Inc., First lien senior secured delayed draw term loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:MultilineRetailMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Certinia Inc., First lien senior secured loan2024-12-310001747777CloudPay, Inc., First lien senior secured loan2024-12-310001747777Cornerstone OnDemand, Inc., Second lien senior secured loan2024-12-310001747777Gerson Lehrman Group, Inc., First lien senior secured loan2024-12-310001747777Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured loan2024-12-310001747777TK Operations Ltd (dba Travelperk, Inc.), First lien senior secured loan2024-12-310001747777When I Work, Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ProfessionalServicesMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Entrata, Inc., First lien senior secured loan2024-12-310001747777RealPage, Inc., First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:RealEstateManagementDevelopmentMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Acquia Inc., First lien senior secured loan2024-12-310001747777Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured loan2024-12-310001747777Arctic Wolf Networks, Inc., Senior convertible notes2024-12-310001747777Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured loan2024-12-310001747777Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured loan2024-12-310001747777Crewline Buyer, Inc. (dba New Relic), First lien senior secured loan2024-12-310001747777Databricks, Inc., First lien senior secured loan2024-12-310001747777Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured loan2024-12-310001747777Delta TopCo, Inc. (dba Infoblox, Inc.), Second lien senior secured loan2024-12-310001747777Forescout Technologies, Inc., First lien senior secured loan2024-12-310001747777H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured loan2024-12-310001747777Ivanti Software, Inc., Second lien senior secured loan2024-12-310001747777LogRhythm, Inc., First lien senior secured loan2024-12-310001747777Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured loan 12024-12-310001747777Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured loan 22024-12-310001747777Ping Identity Holding Corp., First lien senior secured loan2024-12-310001747777Rubrik, Inc., First lien senior secured loan2024-12-310001747777SailPoint Technologies Holdings, Inc., First lien senior secured loan2024-12-310001747777Securonix, Inc., First lien senior secured loan2024-12-310001747777Securonix, Inc., First lien senior secured revolving loan2024-12-310001747777Sitecore Holding III A/S, First lien senior secured EUR term loan2024-12-310001747777Sitecore USA, Inc., First lien senior secured loan2024-12-310001747777Sitecore Holding III A/S, First lien senior secured loan2024-12-310001747777Talon MidCo 2 Limited, First lien senior secured loan2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:SystemsSoftwareMemberus-gaap:DebtSecuritiesMember2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Space Exploration Technologies Corp., Class A Common Stock2024-12-310001747777Space Exploration Technologies Corp., Class C Common Stock2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:AerospaceSectorMemberus-gaap:EquitySecuritiesMember2024-12-3100017477776Sense Insights, Inc., Series E-1 Preferred Stock2024-12-310001747777Alpha Partners Technology Merger Corp, Common stock2024-12-310001747777Alpha Partners Technology Merger Corp, Warrants2024-12-310001747777AlphaSense, LLC, Series E Preferred Shares2024-12-310001747777Diligent Preferred Issuer, Inc. (dba Diligent Corporation), Preferred Stock2024-12-310001747777EShares, Inc. (dba Carta), Series E Preferred Stock2024-12-310001747777Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC), LP Interest2024-12-310001747777Bird Holding B.V. (fka MessageBird Holding B.V.), Extended Series C Warrants2024-12-310001747777Nylas, Inc., Series C Preferred Stock2024-12-310001747777Project Alpine Co-Invest Fund, LP, LP Interest2024-12-310001747777Saturn Ultimate, Inc., Common stock2024-12-310001747777Simpler Postage, Inc. (dba Easypost), Warrants2024-12-310001747777Zoro TopCo, Inc., Series A Preferred Equity2024-12-310001747777Zoro TopCo, L.P., Class A Common Units2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ApplicationSoftwareMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Dodge Construction Network Holdings, L.P., Series A Preferred Units2024-12-310001747777Dodge Construction Network Holdings, L.P., Class A-2 Common Units2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:ConstructionSectorMemberus-gaap:EquitySecuritiesMember2024-12-310001747777SLA Eclipse Co-Invest, L.P., LP Interest2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:DiversifiedConsumerServicesMemberus-gaap:EquitySecuritiesMember2024-12-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest2024-12-310001747777AAM Series 2.1 Aviation Feeder, LLC, LLC Interest2024-12-310001747777Amergin Asset Management, LLC, Class A Units2024-12-310001747777Brex, Inc., Preferred Stock2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:DiversifiedFinancialServicesMemberus-gaap:EquitySecuritiesMember2024-12-310001747777KWOL Acquisition Inc. (dba Worldwide Clinical Trials), Class A Interest2024-12-310001747777Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers), Series A Preferred Stock2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthCareProvidersServicesMemberus-gaap:EquitySecuritiesMember2024-12-310001747777BEHP Co-Investor II, L.P., LP Interest2024-12-310001747777Minerva Holdco, Inc., Senior A Preferred Stock2024-12-310001747777WP Irving Co-Invest, L.P., Partnership Units2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HealthcareTechnologyMemberus-gaap:EquitySecuritiesMember2024-12-310001747777VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.), Series A Preferred Stock2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:HotelsRestaurantsLeisureMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Kajabi Holdings, LLC, Senior Preferred Class D Units2024-12-310001747777Klaviyo, Inc., Series B Common Stock2024-12-310001747777Linked Store Cayman Ltd. (dba Nuvemshop), Series E Preferred Stock2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:InternetDirectMarketingRetailMemberus-gaap:EquitySecuritiesMember2024-12-310001747777E2Open Parent Holdings, Inc., Class A Common Stock2024-12-310001747777JumpCloud, Inc., Series B Preferred Stock2024-12-310001747777JumpCloud, Inc., Series F Preferred Stock2024-12-310001747777Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.), Perpetual Preferred Stock2024-12-310001747777Replicated, Inc., Series C Preferred Stock2024-12-310001747777WMC Bidco, Inc. (dba West Monroe), Senior Preferred Stock2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:TechnologySectorMemberus-gaap:EquitySecuritiesMember2024-12-310001747777XOMA Corporation, Warrants2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:PharmaceuticalsMemberus-gaap:EquitySecuritiesMember2024-12-310001747777BCTO WIW Holdings, Inc. (dba When I Work), Class A Common Stock2024-12-310001747777CloudPay, Inc., Series E Preferred Stock2024-12-310001747777Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.), Series A Preferred Stock2024-12-310001747777Thunder Topco L.P. (dba Vector Solutions), Common Units2024-12-310001747777TravelPerk, Inc., Warrants2024-12-310001747777Vestwell Holdings, Inc., Series D Preferred Stock2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ProfessionalServicesMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Bolt Technology OÜ, Preferred Stock2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:RoadRailMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Algolia, Inc., Series D Preferred Stock2024-12-310001747777Algolia, Inc., Series C Preferred Stock2024-12-310001747777Arctic Wolf Networks, Inc., Preferred Stock2024-12-310001747777Brooklyn Lender Co-Invest 2, L.P. (dba Boomi), Common Units2024-12-310001747777Circle Internet Services, Inc., Warrants2024-12-310001747777Circle Internet Services, Inc., Series D Preferred Stock2024-12-310001747777Circle Internet Services, Inc., Series E Preferred Stock2024-12-310001747777Circle Internet Services, Inc., Series F Preferred Stock2024-12-310001747777Circle Internet Services, Inc., Subordinated Convertible Security2024-12-310001747777Elliott Alto Co-Investor Aggregator L.P., LP Interest2024-12-310001747777Excalibur CombineCo, L.P., Class A Units2024-12-310001747777Halo Parent Newco, LLC, Class H PIK Preferred Equity2024-12-310001747777HARNESS INC., Series D Preferred Stock2024-12-310001747777Illumio, Inc., Common stock2024-12-310001747777Illumio, Inc., Series F Preferred Stock2024-12-310001747777Project Hotel California Co-Invest Fund, L.P., LP Interest2024-12-310001747777Securiti, Inc., Series C Preferred Shares2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:SystemsSoftwareMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Blend Labs, Inc., Warrants2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:ThriftsMortgageFinanceMemberus-gaap:EquitySecuritiesMember2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:TotalCompanyInvestmentsIncludingMiscellaneousDebtCommitmentsMember2024-12-310001747777Walker Edison Furniture Company LLC, First lien senior secured revolving loan2024-12-310001747777Walker Edison Furniture Company LLC, First lien senior secured delayed draw term loan2024-12-310001747777Walker Edison Furniture Company LLC, First lien senior secured loan2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:InternetDirectMarketingRetailMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Pluralsight, LLC, First lien senior secured loan 12024-12-310001747777Pluralsight, LLC, First lien senior secured loan 22024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:TechnologySectorMemberus-gaap:DebtSecuritiesMember2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:DebtSecuritiesMember2024-12-310001747777Fifth Season Investments LLC, Class A Units2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:InsuranceSectorMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Signifyd Inc., Preferred equity2024-12-310001747777Walker Edison Holdco LLC, Common Units2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:InternetDirectMarketingRetailMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Paradigmatic Holdco LLC (dba Pluralsight), Common stock2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:TechnologySectorMemberus-gaap:EquitySecuritiesMember2024-12-310001747777LSI Financing 1 DAC, Preferred equity2024-12-310001747777LSI Financing LLC, Common Equity2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:PharmaceuticalsMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Help HP SCF Investor, LP, LP Interest2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:SystemsSoftwareMemberus-gaap:EquitySecuritiesMember2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMemberortf:TotalCompanyInvestmentsIncludingMiscellaneousDebtCommitmentsMember2024-12-310001747777Revolut Ribbit Holdings, LLC, LLC Interest2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerControlledMemberortf:DiversifiedFinancialServicesMemberus-gaap:EquitySecuritiesMember2024-12-310001747777Blue Owl Credit SLF LLC, LLC Interest2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerControlledMemberortf:JointVenturesMemberus-gaap:EquitySecuritiesMember2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2024-12-310001747777us-gaap:InvestmentAffiliatedIssuerControlledMemberortf:TotalCompanyInvestmentsIncludingMiscellaneousDebtCommitmentsMember2024-12-310001747777us-gaap:InvestmentUnaffiliatedIssuerMemberortf:MiscellaneousDebtCommitmentsNettingMember2024-12-310001747777Aerosmith Bidco 1 Limited (dba Audiotonix), First lien senior secured delayed draw term loan2024-12-310001747777AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured delayed draw term loan2024-12-310001747777AlphaSense, Inc., First lien senior secured delayed draw term loan 12024-12-310001747777AlphaSense, Inc., First lien senior secured delayed draw term loan 22024-12-310001747777Aptean Acquiror, Inc. (dba Aptean), First lien senior secured delayed draw term loan2024-12-310001747777Artifact Bidco, Inc. (dba Avetta), First lien senior secured delayed draw term loan2024-12-310001747777Associations, Inc., First lien senior secured delayed draw term loan2024-12-310001747777Bamboo US BidCo LLC, First lien senior secured delayed draw term loan 12024-12-310001747777Bamboo US BidCo LLC, First lien senior secured delayed draw term loan 22024-12-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured delayed draw term loan, 10/20252024-12-310001747777Computer Services, Inc. (dba CSI), First lien senior secured delayed draw term loan2024-12-310001747777Coupa Holdings, LLC, First lien senior secured delayed draw term loan2024-12-310001747777CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured delayed draw term loan2024-12-310001747777Databricks, Inc., First lien senior secured delayed draw term loan2024-12-310001747777EET Buyer, Inc. (dba e-Emphasys), First lien senior secured delayed draw term loan2024-12-310001747777Fullsteam Operations, LLC, First lien senior secured delayed draw term loan 12024-12-310001747777Fullsteam Operations, LLC, First lien senior secured delayed draw term loan 22024-12-310001747777GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured delayed draw term loan2024-12-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured delayed draw term loan, 12/20252024-12-310001747777Integrity Marketing Acquisition, LLC, First lien senior secured delayed draw term loan2024-12-310001747777Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured delayed draw term loan2024-12-310001747777Kaseya Inc., First lien senior secured delayed draw term loan, 6/20252024-12-310001747777Litera Bidco LLC, First lien senior secured delayed draw term loan 12024-12-310001747777Litera Bidco LLC, First lien senior secured delayed draw term loan 22024-12-310001747777ManTech International Corporation, First lien senior secured delayed draw term loan2024-12-310001747777Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured delayed draw term loan2024-12-310001747777Monotype Imaging Holdings Inc., First lien senior secured delayed draw term loan2024-12-310001747777PDI TA Holdings, Inc., First lien senior secured delayed draw term loan, 2/20262024-12-310001747777PetVet Care Centers, LLC, First lien senior secured delayed draw term loan2024-12-310001747777Pluralsight, LLC, First lien senior secured delayed draw term loan2024-12-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured delayed draw term loan2024-12-310001747777RL Datix Holdings (USA), Inc., First lien senior secured delayed draw term loan2024-12-310001747777Rubrik, Inc., First lien senior secured delayed draw term loan2024-12-310001747777Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured delayed draw term loan2024-12-310001747777Severin Acquisition, LLC (dba PowerSchool), First lien senior secured delayed draw term loan2024-12-310001747777Simpler Postage, Inc. (dba Easypost), First lien senior secured delayed draw term loan2024-12-310001747777Simplicity Financial Marketing Group Holdings, Inc., First lien senior secured delayed draw term loan2024-12-310001747777Smarsh Inc., First lien senior secured delayed draw term loan2024-12-310001747777Spaceship Purchaser, Inc. (dba Squarespace), First lien senior secured delayed draw term loan 12024-12-310001747777Spaceship Purchaser, Inc. (dba Squarespace), First lien senior secured delayed draw term loan 22024-12-310001747777Zendesk, Inc., First lien senior secured delayed draw term loan2024-12-310001747777Acquia Inc., First lien senior secured revolving loan2024-12-310001747777Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured revolving loan2024-12-310001747777Aerosmith Bidco 1 Limited (dba Audiotonix), First lien senior secured revolving loan2024-12-310001747777AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured revolving loan2024-12-310001747777Anaplan, Inc., First lien senior secured revolving loan2024-12-310001747777Aptean Acquiror, Inc. (dba Aptean), First lien senior secured revolving loan2024-12-310001747777Artifact Bidco, Inc. (dba Avetta), First lien senior secured revolving loan2024-12-310001747777Associations, Inc., First lien senior secured revolving loan2024-12-310001747777Avalara, Inc., First lien senior secured revolving loan2024-12-310001747777Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured revolving loan2024-12-310001747777Bamboo US BidCo LLC, First lien senior secured revolving loan2024-12-310001747777Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured revolving loan2024-12-310001747777BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured revolving loan, 8/20262024-12-310001747777BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured revolving loan2024-12-310001747777BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured revolving loan2024-12-310001747777Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured revolving loan2024-12-310001747777Certinia Inc., First lien senior secured revolving loan2024-12-310001747777CivicPlus, LLC, First lien senior secured revolving loan2024-12-310001747777Coupa Holdings, LLC, First lien senior secured revolving loan2024-12-310001747777Creek Parent, Inc. (dba Catalent), First lien senior secured revolving loan2024-12-310001747777Crewline Buyer, Inc. (dba New Relic), First lien senior secured revolving loan2024-12-310001747777CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured revolving loan2024-12-310001747777Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured revolving loan2024-12-310001747777Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured revolving loan2024-12-310001747777EET Buyer, Inc. (dba e-Emphasys), First lien senior secured revolving loan2024-12-310001747777Entrata, Inc., First lien senior secured revolving loan2024-12-310001747777Finastra USA, Inc., First lien senior secured revolving loan2024-12-310001747777Forescout Technologies, Inc., First lien senior secured revolving loan2024-12-310001747777Fullsteam Operations, LLC, First lien senior secured revolving loan2024-12-310001747777Gainsight, Inc., First lien senior secured revolving loan2024-12-310001747777Gerson Lehrman Group, Inc., First lien senior secured revolving loan2024-12-310001747777GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured revolving loan, 10/20272024-12-310001747777Granicus, Inc., First lien senior secured revolving loan2024-12-310001747777GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured revolving loan2024-12-310001747777H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured revolving loan2024-12-310001747777Hyland Software, Inc., First lien senior secured revolving loan2024-12-310001747777Icefall Parent, Inc. (dba EngageSmart), First lien senior secured revolving loan2024-12-310001747777Indikami Bidco, LLC (dba IntegriChain), First lien senior secured revolving loan, 6/20302024-12-310001747777Integrity Marketing Acquisition, LLC, First lien senior secured revolving loan2024-12-310001747777Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.), First lien senior secured revolving loan2024-12-310001747777Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured revolving loan, 3/20282024-12-310001747777IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured revolving loan, 12/20272024-12-310001747777JS Parent, Inc. (dba Jama Software), First lien senior secured revolving loan2024-12-310001747777Kaseya Inc., First lien senior secured revolving loan2024-12-310001747777KWOL Acquisition Inc. (dba Worldwide Clinical Trials), First lien senior secured revolving loan2024-12-310001747777Litera Bidco LLC, First lien senior secured revolving loan2024-12-310001747777LogRhythm, Inc., First lien senior secured revolving loan2024-12-310001747777Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured revolving loan2024-12-310001747777ManTech International Corporation, First lien senior secured revolving loan2024-12-310001747777MINDBODY, Inc., First lien senior secured revolving loan2024-12-310001747777Ministry Brands Holdings, LLC, First lien senior secured revolving loan2024-12-310001747777Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured revolving loan2024-12-310001747777Monotype Imaging Holdings Inc., First lien senior secured revolving loan2024-12-310001747777Neptune Holdings, Inc. (dba NexTech), First lien senior secured revolving loan2024-12-310001747777NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured revolving loan2024-12-310001747777Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured revolving loan2024-12-310001747777PDI TA Holdings, Inc., First lien senior secured revolving loan2024-12-310001747777PetVet Care Centers, LLC, First lien senior secured revolving loan2024-12-310001747777Ping Identity Holding Corp., First lien senior secured revolving loan2024-12-310001747777Pluralsight, LLC, First lien senior secured revolving loan2024-12-310001747777Pye-Barker Fire & Safety, LLC, First lien senior secured revolving loan, 5/20302024-12-310001747777QAD, Inc., First lien senior secured revolving loan2024-12-310001747777Relativity ODA LLC, First lien senior secured revolving loan2024-12-310001747777RL Datix Holdings (USA), Inc., First lien senior secured revolving loan, 10/20302024-12-310001747777SailPoint Technologies Holdings, Inc., First lien senior secured revolving loan2024-12-310001747777Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured revolving loan2024-12-310001747777Securonix, Inc., First lien senior secured revolving loan, 4/20282024-12-310001747777Severin Acquisition, LLC (dba PowerSchool), First lien senior secured revolving loan2024-12-310001747777Simplicity Financial Marketing Group Holdings, Inc., First lien senior secured revolving loan2024-12-310001747777Smarsh Inc., First lien senior secured revolving loan, 2/20292024-12-310001747777Spaceship Purchaser, Inc. (dba Squarespace), First lien senior secured revolving loan2024-12-310001747777Talon MidCo 2 Limited, First lien senior secured revolving loan2024-12-310001747777Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured revolving loan2024-12-310001747777Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured revolving loan2024-12-310001747777Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured revolving loan2024-12-310001747777When I Work, Inc., First lien senior secured revolving loan2024-12-310001747777Zendesk, Inc., First lien senior secured revolving loan2024-12-310001747777Walker Edison Furniture Company LLC, First lien senior secured delayed draw term loan, 3/20272024-12-310001747777Walker Edison Furniture Company LLC, First lien senior secured revolving loan, 3/20272024-12-310001747777AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest, N/A2024-12-310001747777AAM Series 2.1 Aviation Feeder, LLC, LLC Interest, N/A2024-12-310001747777LSI Financing LLC, Common Equity, N/A2024-12-310001747777Total Portfolio Company Commitments2024-12-310001747777Fifth Season Investments LLC2023-12-310001747777Fifth Season Investments LLC2024-01-012024-12-310001747777Help HP SCF Investor, LP2023-12-310001747777Help HP SCF Investor, LP2024-01-012024-12-310001747777LSI Financing LLC2023-12-310001747777LSI Financing LLC2024-01-012024-12-310001747777LSI Financing 1 DAC2023-12-310001747777LSI Financing 1 DAC2024-01-012024-12-310001747777Pluralsight, LLC2023-12-310001747777Pluralsight, LLC2024-01-012024-12-310001747777Signifyd Inc.2023-12-310001747777Signifyd Inc.2024-01-012024-12-310001747777Split Software, Inc.2023-12-310001747777Split Software, Inc.2024-01-012024-12-310001747777Split Software, Inc.2024-12-310001747777Walker Edison Furniture Company LLC2023-12-310001747777Walker Edison Furniture Company LLC2024-01-012024-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2023-12-310001747777us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-01-012024-12-310001747777Blue Owl Credit SLF LLC2023-12-310001747777Blue Owl Credit SLF LLC2024-01-012024-12-310001747777Blue Owl Credit SLF LLC2024-12-310001747777Revolut Ribbit Holdings, LLC2023-12-310001747777Revolut Ribbit Holdings, 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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________________________________________
FORM 10-Q
______________________________________________________________________________

(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the period ended March 31, 2025
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                         to
Commission File Number 000-55977
______________________________________________________________________________
BLUE OWL TECHNOLOGY FINANCE CORP.
(Exact name of Registrant as specified in its Charter)
______________________________________________________________________________
Maryland
(State or other jurisdiction of
incorporation or organization)
83-1273258
(I.R.S. Employer
Identification No.)
399 Park Avenue, New York, New York
(Address of principal executive offices)
10022
(Zip Code)
Registrant’s telephone number, including area code: (212) 419-3000
______________________________________________________________________________
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
None None None

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o
Indicate by check mark whether the Registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes x No o
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer o
Emerging growth company
Smaller reporting company
Non-accelerated filer x
Accelerated filer o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES o NO x
As of May 12, 2025, the registrant had 465,122,953 shares of common stock, $0.01 par value per share, outstanding.
i


Table of Contents
Page
FINANCIAL INFORMATION
OTHER INFORMATION
ii


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about Blue Owl Technology Finance Corp. (the “Company,” “we” or “our”), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:
an economic downturn could impair our portfolio companies’ ability to continue to operate, which could lead to the loss of some or all of our investments in such portfolio companies;
an economic downturn could disproportionately impact the companies that we intend to target for investment, potentially causing us to experience a decrease in investment opportunities and diminished demand for capital from these companies;
the impact of elevated inflation rates, fluctuating interest rates, ongoing supply chain and labor market disruptions, including those as a result of strikes, work stoppages or accidents, instability in the U.S. and international banking systems, uncertainties related to the new Presidential administration, including the impact of tariff enactment and tax reductions, trade disputes with other countries, and the risk of recession or a shutdown of government services could impact our business prospects and the prospects of our portfolio companies;
an economic downturn could also impact availability and pricing of our financing and our ability to access the debt and equity capital markets;
a contraction of available credit and/or an inability to access the equity markets could impair our lending and investment activities;
changes in base interest rates and significant market volatility on our business and our portfolio companies (including our business prospects and the prospects of our portfolio companies including the ability to achieve our and their business objectives), our industry and the global economy including as a result of ongoing supply chain disruptions;
interest rate volatility could adversely affect our results, particularly because we use leverage as part of our investment strategy;
currency fluctuations could adversely affect the results of our investments in foreign companies, particularly to the extent that we receive payments denominated in foreign currency rather than U.S. dollars;
our future operating results;
our contractual arrangements and relationships with third parties;
the ability of our portfolio companies to achieve their objectives;
competition with other entities and our affiliates for investment opportunities;
risks related to the uncertainty of the value of our portfolio investments, particularly those having no liquid trading market;
the use of borrowed money to finance a portion of our investments as well as any estimates regarding potential use of leverage;
the adequacy of our financing sources and working capital;
the loss of key personnel;
the timing of cash flows, if any, from the operations of our portfolio companies;
the ability of Blue Owl Technology Credit Advisors LLC (“the Adviser” or “our Adviser”) to locate suitable investments for us and to monitor and administer our investments;
the ability of the Adviser to attract and retain highly talented professionals;
our ability to qualify for and maintain our tax treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”);
the impact that environmental, social and governance matters could have on our brand and reputation and our portfolio companies;
the effect of legal, tax and regulatory changes;
the impact of information technology system failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks, and the increasing use of artificial intelligence and machine learning technology;
the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing war between Russia and Ukraine, as well as political and social unrest in the Middle East and North Africa regions and general uncertainty surrounding the financial and political stability of the United States, the
1


United Kingdom, the European Union and China, on financial market volatility, global economic markets, and various markets for commodities globally such as oil and natural gas;
the ability to realize the anticipated benefits of the merger of Blue Owl Technology Finance Corp. II (“OTF II”) with and into us (the “Mergers”) on March 24, 2025 pursuant to an Agreement and Plan of Merger (the “Merger Agreement”), dated November 12, 2024, among us, OTF II, Oriole Merger Sub, Inc., a Maryland corporation and our wholly owned subsidiary (“Merger Sub”) and, solely for the limited purposes set forth therein, the Adviser and, solely for the limited purposes set forth therein, Blue Owl Technology Credit Advisers II LLC, a Delaware limited liability company and investment advisor to OTF II (“OTCA II”);
the effects of disruption on our business from the Mergers;
the combined company’s plans, expectations, objectives and intentions as a result of the Mergers; and
other risks, uncertainties and other factors previously identified in the reports and other documents we have filed with the Securities and Exchange Commission (“SEC”).
Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements. Because we are an investment company, the forward-looking statements and projections contained in this report are excluded from the safe harbor protection provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
2


PART I: FINANCIAL INFORMATION
Item 1. Financial Statements

Blue Owl Technology Finance Corp.
Consolidated Statements of Assets and Liabilities
(Amounts in thousands, except share and per share amounts)
March 31, 2025
(Unaudited)
December 31, 2024
Assets
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $11,377,479 and $5,921,172, respectively)
$ 11,336,974  $ 5,892,773 
Non-controlled, affiliated investments (amortized cost of $653,615 and $435,706, respectively)
624,989  407,303 
Controlled, affiliated investments (amortized cost of $77,746 and $76,243, respectively)
108,895  107,390 
Total investments at fair value (amortized cost of $12,108,840 and $6,433,121, respectively)
12,070,858  6,407,466 
Cash (restricted cash of $10,073 and $, respectively)
997,270  252,964 
Foreign cash (cost of $3,762 and $4,040, respectively)
3,745  4,036 
Interest receivable 86,220  45,838 
Dividend income receivable 13,174  1,929 
Prepaid expenses and other assets 47,743  10,388 
Total Assets $ 13,219,010  $ 6,722,621 
Liabilities
Debt (net of unamortized debt issuance costs of $93,708 and $37,495, respectively)
$ 5,127,899  $ 2,914,509 
Management fee payable 27,664  14,687 
Distribution payable   70,998 
Incentive fee payable 21,399  11,133 
Payables to affiliates 2,287  1,903 
Payable for investments purchased 10,721  52,796 
Accrued expenses and other liabilities 82,317  31,445 
Total Liabilities $ 5,272,287  $ 3,097,471 
Commitments and contingencies (Note 7)
Net Assets
Common shares $0.01 par value, 1,000,000,000 shares authorized; 465,122,953 and 212,155,118 shares issued and outstanding, respectively
$ 4,651  $ 2,122 
Additional paid-in-capital 7,665,630  3,352,211 
Total accumulated undistributed earnings 276,442  270,817 
Total Net Assets 7,946,723  3,625,150 
Total Liabilities and Net Assets $ 13,219,010  $ 6,722,621 
Net Asset Value Per Share $ 17.09  $ 17.09 
    

The accompanying notes are an integral part of these consolidated financial statements.
3

Blue Owl Technology Finance Corp.
Consolidated Statements of Operations
(Amounts in thousands, except share and per share amounts)
(Unaudited)
For the Three Months Ended March 31,
2025 2024
Investment Income
Investment income from non-controlled, non-affiliated investments:
Interest income $ 143,358  $ 131,552 
Payment-in-kind interest income 15,281  27,923 
Dividend income   506 
Payment-in-kind dividend income 8,400  6,541 
Other income 4,639  2,094 
Total investment income from non-controlled, non-affiliated investments 171,678  168,616 
Investment income from non-controlled, affiliated investments:
Interest income 621   
Payment-in-kind interest income 1,176   
Dividend income 6,153  795 
Payment-in-kind dividend income 3,083  2,847 
Other income 51  3 
Total investment income from non-controlled, affiliated investments 11,084  3,645 
Investment income from controlled, affiliated investments:
Dividend income 55   
Total investment income from controlled, affiliated investments 55   
Total Investment Income 182,817  172,261 
Expenses
Interest expense $ 51,686  $ 49,255 
Management fees, net(1)
15,876  13,991 
Incentive fees 9,441  10,097 
Professional fees 3,368  1,548 
Directors' fees 259  258 
Other general and administrative 1,503  1,190 
Total Expenses 82,133  76,339 
Net Investment Income (Loss) Before Taxes 100,684  95,922 
Income tax expense (benefit), including excise tax expense (benefit) 3,352  3,284 
Net Investment Income (Loss) After Taxes 97,332  92,638 
Net Change in Unrealized Gain (Loss)
Non-controlled, non-affiliated investments $ (19,985) $ 24,911 
Non-controlled, affiliated investments (759) 2,103 
Controlled, affiliated investments 2  (4,455)
Translation of assets and liabilities in foreign currencies 1,074  (598)
Income tax (provision) benefit (795)  
Total Net Change in Unrealized Gain (Loss) (20,463) 21,961 
Net Realized Gain (Loss):
Non-controlled, non-affiliated investments $ 1,847  $ (22,797)
Foreign currency transactions (584) (928)
Total Net Realized Gain (Loss) 1,263  (23,725)
Total Net Realized and Change in Unrealized Gain (Loss) $ (19,200) $ (1,764)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 78,132  $ 90,874 
Earnings (Loss) Per Share - Basic and Diluted $ 0.33  $ 0.44 
Weighted Average Shares Outstanding - Basic and Diluted 235,351,119  208,065,044 
4

Blue Owl Technology Finance Corp.
Consolidated Statements of Operations
(Amounts in thousands, except share and per share amounts)
(Unaudited)
(1)Refer to Note 3 “Agreements and Related Party Transactions” for additional details on management fee waiver.
The accompanying notes are an integral part of these consolidated financial statements.
5

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Non-controlled/non-affiliated portfolio company investments
Debt Investments(6)
Aerospace & defense
ManTech International Corporation(9)(15) First lien senior secured loan S+ 5.00% 9/2029 $ 76,669  $ 76,726  $ 76,669 
Peraton Corp.(3)(9)(15) Second lien senior secured loan S+ 7.75% 2/2029 84,551  83,802  62,939 
160,528  139,608  1.8  %
Application Software
AI Titan Parent, Inc. (dba Prometheus Group)(8)(15) First lien senior secured loan S+ 4.75% 8/2031 50,189  49,724  49,687 
AlphaSense, Inc.(9)(15) First lien senior secured loan S+ 6.25% 6/2029 59,360  58,905  58,915 
Anaplan, Inc.(9)(15) First lien senior secured loan S+ 5.00% 6/2029 185,049  185,062  185,049 
Armstrong Bidco Limited(11)(15)(23) First lien senior secured GBP term loan SA+ 5.25% 6/2029 £ 16,173  20,169  20,772 
Artifact Bidco, Inc. (dba Avetta)(9)(15) First lien senior secured loan S+ 4.50% 7/2031 34,579  34,429  34,406 
Boxer Parent Company Inc. (f/k/a BMC)(3)(9)(15) First lien senior secured loan S+ 3.00% 7/2031 30,000  29,719  29,442 
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(9)(15)(16) First lien senior secured loan S+ 5.50% 8/2027 78,569  77,654  76,492 
CivicPlus, LLC(9)(15) First lien senior secured loan S+ 5.75% 8/2027 68,151  67,842  68,151 
Coupa Holdings, LLC(9)(15) First lien senior secured loan S+ 5.25% 2/2030 84,955  85,022  84,955 
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(10)(15) Unsecured notes S+ 12.00% 6/2034 46,503  45,778  46,503 
Diamondback Acquisition, Inc. (dba Sphera)(8)(15) First lien senior secured loan S+ 5.50% 9/2028 75,668  74,807  75,479 
Einstein Parent, Inc. (dba Smartsheet)(9)(15) First lien senior secured loan S+ 6.50% 1/2031 105,186  104,155  104,135 
Fullsteam Operations, LLC(9)(15) First lien senior secured loan S+ 8.25% 11/2029 30,815  30,437  30,815 
Fullsteam Operations, LLC(9)(15)(16) First lien senior secured delayed draw term loan S+ 7.00% 11/2029 8,329  8,247  8,307 
Gainsight, Inc.(9)(15)(16) First lien senior secured loan S+ 6.00% 7/2027 70,687  70,233  70,687 
Granicus, Inc.(9)(15) First lien senior secured loan S+ 3.50% 2.25% 1/2031 3,933  3,918  3,933 
Granicus, Inc.(9)(15) First lien senior secured delayed draw term loan S+ 3.00% 2.25% 1/2031 583  578  578 
GS Acquisitionco, Inc. (dba insightsoftware)(9)(15)(16) First lien senior secured loan S+ 5.25% 5/2028 52,679  52,542  52,140 
JS Parent, Inc. (dba Jama Software)(9)(15) First lien senior secured loan S+ 5.00% 4/2031 27,216  27,166  27,216 
Magnet Forensics, LLC (f/k/a Grayshift, LLC)(8)(15)(23) First lien senior secured loan S+ 5.00% 7/2028 176,356  176,448  176,356 
Ministry Brands Holdings, LLC(8)(15) First lien senior secured loan S+ 5.50% 12/2028 8,203  8,105  8,142 
Simpler Postage, Inc. (dba Easypost)(8)(15)(16) First lien senior secured loan S+ 8.00% 6/2029 66,554  63,601  63,515 
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(9)(15) First lien senior secured loan S+ 5.75% 3/2028 12,086  11,943  12,025 
Velocity HoldCo III Inc. (dba VelocityEHS)(9)(15) First lien senior secured loan S+ 5.50% 4/2027 40,104  39,739  40,104 
XPLOR T1, LLC(9)(15) First lien senior secured loan S+ 3.50% 6/2031 9,950  9,954  9,950 
Zendesk, Inc.(9)(15) First lien senior secured loan S+ 4.99% 11/2028 146,363  145,745  146,363 
1,481,922  1,484,117  18.7  %
6

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Banks
Finastra USA, Inc.(10)(15)(16)(23) First lien senior secured loan S+ 7.25% 9/2029 156,950  156,244  156,950 
156,244  156,950  2.0  %
Beverages
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(8)(15) First lien senior secured loan S+ 6.25% 3/2027 7,204  7,101  7,095 
7,101  7,095  0.1  %
Building products
EET Buyer, Inc. (dba e-Emphasys)(9)(15) First lien senior secured loan S+ 4.75% 11/2027 67,733  67,396  67,733 
67,396  67,733  0.9  %
Buildings & Real Estate
Associations, Inc.(9)(15)(16) First lien senior secured revolving loan S+ 6.50% 7/2028 104,663  104,658  104,663 
Associations Finance, Inc.(15)(26) Unsecured notes N/A 14.25% 5/2030 41,145  41,034  41,145 
145,692  145,808  1.8  %
Capital Markets
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) First lien senior secured loan N/A 5.00% 6/2030 7,777  7,783  7,777 
7,783  7,777  0.1  %
Commercial Services & Supplies
Pye-Barker Fire & Safety, LLC(9)(15)(16) First lien senior secured loan S+ 4.50% 5/2031 38,685  38,551  38,588 
Pye-Barker Fire & Safety, LLC(9)(15)(16) First lien senior secured revolving loan S+ 4.50% 5/2030 682  664  668 
SimpliSafe Holding Corporation(8)(15) First lien senior secured loan S+ 6.25% 5/2028 23,459  23,466  23,459 
62,681  62,715  0.8  %
Construction & Engineering
Dodge Construction Network LLC(9)(15) First lien senior secured loan S+ 6.25% 1/2029 4,396  4,312  4,308 
Dodge Construction Network LLC(9)(15) First lien senior secured loan S+ 4.75% 2/2029 6,080  4,873  4,864 
9,185  9,172  0.1  %
Consumer Finance
Klarna Holding AB(9)(15)(23) Subordinated Floating Rate Notes S+ 7.00% 4/2034 65,334  65,360  65,334 
65,360  65,334  0.8  %
Diversified Consumer Services
Ellucian Holdings Inc. (f/k/a Sophia, L.P.)(3)(8)(15) First lien senior secured loan S+ 3.00% 10/2029 7,978  7,955  7,957 
Icefall Parent, Inc. (dba EngageSmart)(9)(15) First lien senior secured loan S+ 6.50% 1/2030 31,043  30,841  31,043 
Juniper Square, Inc.(9)(15)(16) First lien senior secured loan S+ 8.50% 12/2026 56,584  56,629  56,584 
Litera Bidco LLC(8)(15)(16) First lien senior secured loan S+ 5.00% 5/2028 189,191  188,519  188,718 
Relativity ODA LLC(8)(15) First lien senior secured loan S+ 4.49% 5/2029 137,241  136,834  136,898 
420,778  421,200  5.3  %
Diversified Financial Services
Blackhawk Network Holdings, Inc.(3)(8)(15) First lien senior secured loan S+ 4.00% 3/2029 90,174  90,135  89,705 
BTRS Holdings Inc. (dba Billtrust)(9)(15)(16) First lien senior secured loan S+ 5.50% 12/2028 149,027  148,730  148,626 
Computer Services, Inc. (dba CSI)(9)(15) First lien senior secured loan S+ 5.25% 11/2029 156,854  156,932  156,854 
7

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Computer Services, Inc. (dba CSI)(9)(15) First lien senior secured loan S+ 4.75% 11/2029 26,526  26,401  26,459 
Hg Genesis 8 Sumoco Limited(11)(15)(23) Unsecured facility SA+ 6.00% 9/2027 £ 14,319  18,069  18,482 
Hg Genesis 9 SumoCo Limited(12)(15)(23) Unsecured facility E+ 6.25% 3/2029 62,688  67,564  67,716 
Hg Saturn Luchaco Limited(11)(15)(23) Unsecured facility SA+ 7.50% 3/2026 £ 40,822  51,876  52,691 
Minotaur Acquisition, Inc. (dba Inspira Financial)(8)(15) First lien senior secured loan S+ 5.00% 6/2030 145,523  145,004  145,523 
NMI Acquisitionco, Inc. (dba Network Merchants)(8)(15) First lien senior secured loan S+ 5.00% 9/2028 24,294  24,238  24,294 
Smarsh Inc.(9)(15) First lien senior secured loan S+ 4.75% 2/2029 86,977  86,653  86,977 
Smarsh Inc.(8)(15)(16) First lien senior secured revolving loan S+ 4.75% 2/2029 1,155  1,135  1,155 
816,737  818,482  10.3  %
Diversified Support Services
CoreTrust Purchasing Group LLC(8)(15) First lien senior secured loan S+ 5.25% 10/2029 30,013  30,037  30,013 
30,037  30,013  0.4  %
Entertainment
Aerosmith Bidco 1 Limited (dba Audiotonix)(9)(15)(23) First lien senior secured loan S+ 5.25% 7/2031 197,055  195,973  197,055 
195,973  197,055  2.5  %
Equity Real Estate Investment Trusts (REITs)
Storable, Inc.(3)(8)(15) First lien senior secured loan S+ 3.25% 4/2031 9,923  9,891  9,858 
9,891  9,858  0.1  %
Food & Staples Retailing
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(9)(15) First lien senior secured loan S+ 5.00% 12/2028 169,577  169,694  169,577 
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(8)(15)(16) First lien senior secured revolving loan S+ 5.00% 12/2027 1,214  1,215  1,214 
170,909  170,791  2.1  %
Health Care Equipment & Supplies
Cambrex Corporation(8)(15) First lien senior secured loan S+ 4.75% 3/2032 39,067  38,695  38,676 
Packaging Coordinators Midco, Inc.(9)(15) First lien senior secured loan S+ 4.75% 1/2032 122,559  120,941  120,874 
PerkinElmer U.S. LLC(8)(15) First lien senior secured loan S+ 5.00% 3/2029 67,532  67,081  67,025 
226,717  226,575  2.9  %
Health Care Providers & Services
Covetrus, Inc.(9)(15) Second lien senior secured loan S+ 9.25% 10/2030 75,000  73,378  72,938   
Engage Debtco Limited(9)(15)(23) First lien senior secured loan S+ 3.18% 2.50% 7/2029 20,821  20,319  20,300   
EresearchTechnology, Inc. (dba Clario)(8)(15)(16) First lien senior secured loan S+ 4.75% 1/2032 67,599  66,900  66,862   
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(9)(15) First lien senior secured loan S+ 4.75% 12/2029 45,575  45,241  45,575   
OneOncology, LLC(9)(15) First lien senior secured loan S+ 4.75% 6/2030 13,069  13,038  13,003   
OneOncology, LLC(9)(15)(16) First lien senior secured delayed draw term loan S+ 5.00% 6/2030 10,893  10,872  10,893   
PetVet Care Centers, LLC(8)(15) First lien senior secured loan S+ 6.00% 11/2030 77,519  75,093  73,255   
Phantom Purchaser, Inc.(9)(15) First lien senior secured loan S+ 5.00% 9/2031 8,887  8,872  8,865   
8

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
TC Holdings, LLC (dba TrialCard)(9)(15) First lien senior secured loan S+ 5.00% 4/2027 38,415  38,445  38,415   
Vermont Aus Pty Ltd(14)(15)(23) First lien senior secured AUD term loan BBSY+ 5.75% 3/2028 A$ 12,942  8,074  8,024   
360,232  358,130  4.5  %
Health Care Technology
Athenahealth Group Inc.(3)(8)(15) First lien senior secured loan S+ 3.00% 2/2029 3,484  3,444  3,435 
BCPE Osprey Buyer, Inc. (dba PartsSource)(9)(15) First lien senior secured loan S+ 5.75% 8/2028 113,848  112,813  112,425 
BCPE Osprey Buyer, Inc. (dba PartsSource)(8)(15)(16) First lien senior secured delayed draw term loan S+ 5.75% 8/2028 10,441  10,159  10,256 
BCPE Osprey Buyer, Inc. (dba PartsSource)(8)(15)(16) First lien senior secured revolving loan S+ 5.75% 8/2026 11,280  11,222  11,128 
Color Intermediate, LLC (dba ClaimsXten)(9)(15) First lien senior secured loan S+ 4.75% 10/2029 47,789  47,827  47,789 
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(8)(15) First lien senior secured loan S+ 5.00% 8/2031 155,835  155,604  155,835 
GI Ranger Intermediate, LLC (dba Rectangle Health)(9)(15) First lien senior secured loan S+ 5.75% 10/2028 26,886  26,553  26,347 
Greenway Health, LLC(9)(15) First lien senior secured loan S+ 6.75% 4/2029 18,860  18,582  18,625 
Hyland Software, Inc.(8)(15) First lien senior secured loan S+ 5.00% 9/2030 149,434  149,486  149,434 
Indikami Bidco, LLC (dba IntegriChain)(8)(15) First lien senior secured loan S+ 4.00% 2.50% 12/2030 133,805  131,964  132,467 
Indikami Bidco, LLC (dba IntegriChain)(8)(15)(16) First lien senior secured delayed draw term loan S+ 6.00% 12/2030 2,085  2,004  2,065 
Indikami Bidco, LLC (dba IntegriChain)(8)(15)(16) First lien senior secured revolving loan S+ 6.00% 6/2030 7,299  7,124  7,169 
Inovalon Holdings, Inc.(9)(15) First lien senior secured loan S+ 5.75% 11/2028 151,454  149,387  151,454 
Inovalon Holdings, Inc.(9)(15) Second lien senior secured loan S+ 10.76% 11/2033 98,162  97,096  98,162 
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(9)(15)(23) First lien senior secured loan S+ 6.50% 8/2026 164,336  163,732  160,227 
Interoperability Bidco, Inc. (dba Lyniate)(9)(15)(16) First lien senior secured loan S+ 5.75% 3/2028 117,712  116,857  115,215 
Natural Partners, LLC(9)(15)(23) First lien senior secured loan S+ 4.50% 11/2027 12,289  12,298  12,289 
Neptune Holdings, Inc. (dba NexTech)(9)(15) First lien senior secured loan S+ 4.50% 8/2030 10,892  10,876  10,892 
Project Ruby Ultimate Parent Corp. (dba Wellsky)(3)(8)(15) First lien senior secured loan S+ 3.00% 3/2028 11,628  11,594  11,581 
RL Datix Holdings (USA), Inc.(10)(15) First lien senior secured loan S+ 5.25% 4/2031 104,855  104,042  104,069 
RL Datix Holdings (USA), Inc.(11)(15) First lien senior secured GBP term loan SA+ 5.25% 4/2031 £ 48,558  61,227  62,206 
Salinger Bidco Inc. (dba Surgical Information Systems)(9)(15) First lien senior secured loan S+ 5.75% 8/2031 94,453  94,314  94,453 
1,498,205  1,497,523  18.8  %
Hotels, Restaurants & Leisure
MINDBODY, Inc.(9)(15) First lien senior secured loan S+ 7.00% 9/2025 72,962  72,887  72,962 
72,887  72,962  0.9  %
9

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Household Durables
BCTO BSI Buyer, Inc. (dba Buildertrend)(9)(15) First lien senior secured loan S+ 6.50% 12/2026 83,870  83,589  83,870 
83,589  83,870  1.1  %
Industrial Conglomerates
Aptean Acquiror, Inc. (dba Aptean)(9)(15)(16) First lien senior secured loan S+ 5.25% 1/2031 6,708  6,682  6,708 
QAD, Inc.(8)(15) First lien senior secured loan S+ 4.75% 11/2027 87,940  87,940  87,720 
94,622  94,428  1.2  %
Insurance
AmeriLife Holdings LLC(10)(15)(16) First lien senior secured loan S+ 5.00% 8/2029 43,920  43,733  43,695 
Asurion, LLC(3)(8)(15) First lien senior secured loan S+ 4.25% 8/2028 18,389  18,309  18,202 
Asurion, LLC(3)(8)(15) Second lien senior secured loan S+ 5.25% 1/2028 10,833  10,711  10,230 
Diamond Insure Bidco (dba Acturis)(13)(15) First lien senior secured EUR term loan E+ 4.25% 7/2031 8,121  8,666  8,662 
Diamond Insure Bidco (dba Acturis)(11)(15) First lien senior secured GBP term loan SA+ 4.50% 7/2031 £ 26,545  33,765  33,835 
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(9)(15) First lien senior secured loan S+ 7.50% 3/2029 44,738  44,426  44,403 
Galway Borrower LLC(9)(15)(16) First lien senior secured delayed draw term loan S+ 4.50% 9/2028 152  152  152 
Integrated Specialty Coverages, LLC(9)(15) First lien senior secured loan S+ 4.75% 7/2030 7,773  7,779  7,773 
Integrity Marketing Acquisition, LLC(9)(15) First lien senior secured loan S+ 5.00% 8/2028 84,612  84,425  84,612 
Simplicity Financial Marketing Group Holdings, Inc.(9)(15) First lien senior secured loan S+ 5.00% 12/2031 14,286  14,153  14,143 
Simplicity Financial Marketing Group Holdings, Inc.(10)(15)(16) First lien senior secured delayed draw term loan S+ 5.00% 12/2031 610  588  587 
266,707  266,294  3.4  %
Internet & Direct Marketing Retail
Aurelia Netherlands B.V.(12)(15)(23) First lien senior secured EUR term loan E+ 5.50% 5/2031 64,942  69,428  70,150 
69,428  70,150  0.9  %
IT Services
Kaseya Inc.(8)(15) First lien senior secured loan S+ 3.25% 3/2032 70,000  69,698  69,650 
Kaseya Inc.(8)(15) Second lien senior secured loan S+ 5.00% 3/2033 17,500  17,424  17,413 
Severin Acquisition, LLC (dba PowerSchool)(8)(15) First lien senior secured loan S+ 2.75% 2.25% 10/2031 93,322  92,309  92,156 
Severin Acquisition, LLC (dba PowerSchool)(8)(15)(16) First lien senior secured delayed draw term loan S+ 5.00% 10/2031 1,317  1,184  1,164 
Severin Acquisition, LLC (dba PowerSchool)(9)(15)(16) First lien senior secured revolving loan S+ 4.75% 10/2031 1,754  1,621  1,608 
Spaceship Purchaser, Inc. (dba Squarespace)(9)(15) First lien senior secured loan S+ 5.00% 10/2031 180,849  180,528  180,849 
362,764  362,840  4.6  %
Life Sciences Tools & Services
Bamboo US BidCo LLC(12)(15) First lien senior secured EUR term loan E+ 5.25% 9/2030 15,655  16,842  16,910 
Bamboo US BidCo LLC(9)(15) First lien senior secured loan S+ 5.25% 9/2030 28,995  29,003  28,995 
Bracket Intermediate Holding Corp.(3)(9)(15)(23) First lien senior secured loan S+ 4.25% 5/2028 34,390  34,496  34,476 
10

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Creek Parent, Inc. (dba Catalent)(8)(15) First lien senior secured loan S+ 5.25% 12/2031 174,889  173,077  174,014 
253,418  254,395  3.2  %
Media
Monotype Imaging Holdings Inc.(8)(15)(16) First lien senior secured loan S+ 5.50% 2/2031 129,370  129,015  129,370 
129,015  129,370  1.6  %
Multiline Retail
PDI TA Holdings, Inc.(9)(15)(16) First lien senior secured loan S+ 5.50% 2/2031 25,263  24,973  24,991 
24,973  24,991  0.3  %
Pharmaceuticals
Foundation Consumer Brands, LLC(9)(15) First lien senior secured loan S+ 5.00% 2/2029 21,394  21,304  21,287 
Pacific BidCo Inc.(10)(15)(23) First lien senior secured loan S+ 6.00% 8/2029 9,049  8,876  8,868 
Pacific BidCo Inc.(10)(15)(23) First lien senior secured delayed draw term loan S+ 5.75% 8/2029 954  936  935 
31,116  31,090  0.4  %
Professional Services
Certinia Inc.(9)(15) First lien senior secured loan S+ 5.25% 8/2030 88,235  87,895  88,235 
CloudPay, Inc.(9)(15) First lien senior secured loan S+ 7.50% 7/2029 21,000  20,815  20,790 
Cornerstone OnDemand, Inc.(8)(15) Second lien senior secured loan S+ 6.50% 10/2029 71,667  70,959  60,379 
Gerson Lehrman Group, Inc.(9)(15) First lien senior secured loan S+ 5.00% 12/2027 37,790  37,586  37,790 
Proofpoint, Inc.(3)(8)(15) First lien senior secured loan S+ 3.00% 8/2028 3,159  3,151  3,146 
Sensor Technology Topco, Inc. (dba Humanetics)(9)(15)(16) First lien senior secured loan S+ 7.00% 5/2028 64,416  64,468  64,416 
Sensor Technology Topco, Inc. (dba Humanetics)(12)(15)(16) First lien senior secured EUR term loan E+ 7.25% 5/2028 11,648  12,612  12,594 
Sensor Technology Topco, Inc. (dba Humanetics)(8)(15)(16) First lien senior secured revolving loan S+ 6.50% 5/2028 2,528  2,530  2,528 
Sovos Compliance, LLC(3)(8)(15) First lien senior secured loan S+ 4.00% 8/2029 19,303  19,209  19,201 
Thunder Purchaser, Inc. (dba Vector Solutions)(9)(15) First lien senior secured loan S+ 5.25% 6/2028 139,408  138,659  139,408 
TK Operations Ltd (dba Travelperk, Inc.)(15)(26) First lien senior secured loan N/A 11.50% 5/2029 49,430  46,244  46,465 
When I Work, Inc.(9)(15) First lien senior secured loan S+ 5.50% 11/2027 36,203  36,054  34,935 
540,182  529,887  6.7  %
Real Estate Management & Development
Entrata, Inc.(8)(15) First lien senior secured loan S+ 5.75% 7/2030 45,197  45,222  45,197 
RealPage, Inc.(3)(9)(15) First lien senior secured loan S+ 3.75% 4/2028 35,000  34,825  34,962 
80,047  80,159  1.0  %
Systems Software
Acquia Inc.(9) First lien senior secured loan S+ 7.00% 11/2026 188,298  188,004  184,533 
Activate Holdings (US) Corp. (dba Absolute Software)(9)(15)(23) First lien senior secured loan S+ 5.50% 7/2030 54,401  54,420  54,401 
Appfire Technologies, LLC(9)(15) First lien senior secured loan S+ 5.00% 3/2028 6,978  6,983  6,978 
Arctic Wolf Networks, Inc.(9)(15) First lien senior secured loan S+ 5.75% 2/2030 88,384  87,519  87,500 
Arctic Wolf Networks, Inc.(15)(26) Senior convertible notes N/A 3.00% 11/2030 129,334  165,316  165,316 
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(8)(15) First lien senior secured loan S+ 6.50% 3/2031 94,049  93,133  93,345 
Barracuda Networks, Inc.(3)(9)(15) First lien senior secured loan S+ 4.50% 8/2029 22,976  20,253  19,817 
Barracuda Networks, Inc.(9)(15) Second lien senior secured loan S+ 7.00% 8/2030 55,875  43,661  42,325 
Barracuda Parent, LLC(9)(15) First lien senior secured loan S+ 6.50% 8/2029 20,442  19,848  19,369 
11

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Bayshore Intermediate #2, L.P. (dba Boomi)(9)(15) First lien senior secured loan S+ 2.88% 3.38% 10/2028 153,679  153,699  153,679 
ConnectWise, LLC(3)(9)(15) First lien senior secured loan S+ 3.50% 9/2028 3,050  3,048  3,044 
Crewline Buyer, Inc. (dba New Relic)(8)(15) First lien senior secured loan S+ 6.75% 11/2030 213,236  210,927  211,104 
Databricks, Inc.(8)(15) First lien senior secured loan S+ 4.50% 1/2031 114,694  114,179  114,120 
Databricks, Inc.(15) First lien senior secured delayed draw term loan S+ 4.50% 1/2031   2   
Delinea Buyer, Inc. (f/k/a Centrify)(9)(15)(16) First lien senior secured loan S+ 5.75% 3/2028 105,455  104,052  105,455 
Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(9)(15) Second lien senior secured loan S+ 5.25% 11/2030 30,000  29,974  29,934 
Forescout Technologies, Inc.(9)(15) First lien senior secured loan S+ 5.00% 5/2031 67,644  67,335  67,305 
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(8)(15)(23) First lien senior secured loan S+ 7.50% 4/2026 148,889  147,924  148,889 
LogRhythm, Inc.(9)(15) First lien senior secured loan S+ 7.50% 7/2029 4,750  4,624  4,619 
Oranje Holdco, Inc. (dba KnowBe4)(9)(15) First lien senior secured loan S+ 7.75% 2/2029 119,636  119,584  119,636 
Oranje Holdco, Inc. (dba KnowBe4)(9)(15) First lien senior secured loan S+ 7.25% 2/2029 26,646  26,459  26,446 
Ping Identity Holding Corp.(9)(15) First lien senior secured loan S+ 4.75% 10/2029 102,343  102,411  102,343 
Rubrik, Inc.(9)(15)(16) First lien senior secured loan S+ 7.00% 8/2028 64,734  64,667  64,734 
Securonix, Inc.(9)(15) First lien senior secured loan S+ 4.00% 3.75% 4/2028 39,927  37,199  34,637 
Securonix, Inc.(9)(15)(16)(28) First lien senior secured revolving loan S+ 7.00% 4/2028 160  (326) (783)
Sitecore Holding III A/S(9)(15) First lien senior secured loan S+ 3.50% 4.25 3/2029 21,288  21,242  21,288 
Sitecore Holding III A/S(12)(15) First lien senior secured EUR term loan E+ 3.50% 4.25% 3/2029 123,803  132,044  133,732 
Sitecore USA, Inc.(9)(15) First lien senior secured loan S+ 3.50% 4.25% 3/2029 128,341  128,068  128,341 
Sophos Holdings, LLC(3)(8)(15)(23) First lien senior secured loan S+ 3.50% 3/2027 14,579  14,607  14,569 
Talon MidCo 2 Limited(8)(15)(23) First lien senior secured loan S+ 5.20% 8/2028 35,903  35,894  35,903 
Tricentis Operations Holdings, Inc.(9)(15) First lien senior secured loan S+ 1.38% 4.88% 2/2032 112,398  111,323  111,274 
2,308,073  2,303,853  29.0  %
Total non-controlled/non-affiliated debt investments $ 10,210,192  $ 10,180,225  128.1  %
Total non-controlled/non-affiliated misc. debt commitments(15)(28)(Note 7) $ (4,880) $ (4,047) (0.1) %
Total non-controlled/non-affiliated portfolio company debt investments $ 10,205,312  $ 10,176,178  128.1  %
Equity Investments
Aerospace & defense
Space Exploration Technologies Corp.(15)(17)(24) Class A Common Stock N/A N/A 419,311  23,013  78,957 
Space Exploration Technologies Corp.(15)(17)(24) Class C Common Stock N/A N/A 84,250  4,011  15,864 
27,024  94,821  1.2  %
Application Software
6Sense Insights, Inc.(15)(17)(24) Series E-1 Preferred Stock N/A N/A 1,580,642  48,102  40,145 
Alpha Partners Technology Merger Corp(2)(17)(23)(24) Common stock N/A N/A 30,000  1,000  336 
Alpha Partners Technology Merger Corp(2)(17)(23)(24) Warrants N/A N/A 666,666    113 
AlphaSense, LLC(15)(17)(24) Series E Preferred Shares N/A N/A 284,408  13,176  13,441 
Bird Holding B.V. (fka MessageBird Holding B.V.)(15)(17)(23)(24) Extended Series C Warrants N/A N/A 191,530  1,174  278 
12

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(15)(17)(26) Preferred Stock N/A 10.50% N/A 15,000  22,279  21,648 
EShares, Inc. (dba Carta)(17)(24) Series E Preferred Stock N/A N/A 186,904  2,008  4,378 
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(15)(17)(23)(24) LP Interest N/A N/A $ 2,285  2,285  2,867 
Nylas, Inc.(17)(24) Series C Preferred Stock N/A N/A 2,088,467  15,009  2,535 
Project Alpine Co-Invest Fund, LP(15)(17)(23)(24) LP Interest N/A N/A $ 13,333  16,381  17,509 
Saturn Ultimate, Inc.(15)(17)(24) Common stock N/A N/A 5,580,593  25,008  45,535 
Simpler Postage, Inc. (dba Easypost)(15)(17)(24) Warrants N/A N/A 216,891  2,635  2,591 
Zoro TopCo, L.P.(15)(17)(24) Class A Common Units N/A N/A 19,731  17,739  18,455 
Zoro TopCo, Inc.(9)(15)(17) Series A Preferred Equity S+ 9.50% N/A 1,644,254  26,289  26,491 
193,085  196,322  2.5  %
Capital Markets
Acorns Grow Incorporated(15)(17)(23)(26) Series F Preferred Stock N/A 5.00% N/A 572,135  11,376  11,225 
11,376  11,225  0.1  %
Construction & Engineering
Dodge Construction Network Holdings, L.P.(15)(17)(24) Class A-2 Common Units N/A N/A 3,333,333  2,841  474 
Dodge Construction Network Holdings, L.P.(9)(15)(17) Series A Preferred Units S+ 8.25% N/A   69  41 
2,910  515   
Consumer products
SLA Eclipse Co-Invest, L.P.(3)(17)(23)(24) LP Interest N/A N/A $ 15,000  15,256  16,551 
15,256  16,551  0.2  %
Diversified Financial Services
Amergin Asset Management, LLC(15)(17)(23)(24) Class A Units N/A N/A 50,000,000  783  1,816 
Brex, Inc.(17)(24) Preferred Stock N/A N/A 143,943  5,012  2,885 
Juniper Square, Inc.(17)(24) Warrants N/A N/A 40,984  2,128  2,126 
7,923  6,827  0.1  %
Health Care Technology
BEHP Co-Investor II, L.P.(15)(17)(23)(24) LP Interest N/A N/A $ 2,540  2,341  2,593 
Minerva Holdco, Inc.(15)(17)(26) Senior A Preferred Stock N/A 10.75% N/A 100,000  136,940  135,419 
Orange Blossom Parent, Inc.(15)(17)(24) Common Units N/A N/A 16,667  1,665  1,664 
WP Irving Co-Invest, L.P.(15)(17)(23)(24) Partnership Units N/A N/A 2,500,000  2,241  2,553 
143,187  142,229  1.8  %
Health Care Providers & Services
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(15)(17)(24) Class A Interest N/A N/A 317  3,521  3,868 
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(15)(17)(26) Series A Preferred Stock N/A 15.00% N/A 8,838  10,118  9,744 
13,639  13,612  0.2  %
13

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Hotels, Restaurants & Leisure
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(15)(17)(26) Series A Preferred Stock N/A 10.00% N/A 25,000  30,187  32,149 
30,187  32,149  0.4  %
Insurance
Accelerate Topco Holdings, LLC(17)(24) Common Units N/A N/A 12,822  612  612 
612  612    %
Internet & Direct Marketing Retail
Kajabi Holdings, LLC(17)(24) Senior Preferred Class D Units N/A N/A 4,126,175  50,025  39,463 
Linked Store Cayman Ltd. (dba Nuvemshop)(15)(17)(23)(24) Series E Preferred Stock N/A N/A 19,499  42,496  37,998 
92,521  77,461  1.0  %
IT Services
E2Open Parent Holdings, Inc.(2)(23)(24) Class A Common Stock N/A N/A 1,650,943  17,505  3,302 
JumpCloud, Inc.(17)(24) Series B Preferred Stock N/A N/A 756,590  4,531  639 
JumpCloud, Inc.(17)(24) Series F Preferred Stock N/A N/A 6,679,245  40,017  28,343 
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(10)(15)(17) Perpetual Preferred Stock S+ 11.00% N/A 44,100  61,130  61,157 
Replicated, Inc.(17)(24) Series C Preferred Stock N/A N/A 1,277,832  20,008  6,496 
WMC Bidco, Inc. (dba West Monroe)(15)(17)(26) Senior Preferred Stock N/A 11.25% N/A 57,231  82,884  82,340 
226,075  182,277  2.3  %
Pharmaceuticals
XOMA Corporation(15)(17)(24) Warrants N/A N/A 24,000  174  169 
174  169    %
Professional Services
BCTO WIW Holdings, Inc. (dba When I Work)(15)(17)(24) Class A Common Stock N/A N/A 70,000  7,000  3,621 
CloudPay, Inc.(15)(17)(23)(26) Series E Preferred Stock N/A 13.50% N/A 84,830  19,956  19,947 
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(15)(17)(26) Series A Preferred Stock N/A 10.50% N/A 28,000  38,448  30,841 
Thunder Topco L.P. (dba Vector Solutions)(15)(17)(24) Common Units N/A N/A 7,857,410  7,857  9,348 
TravelPerk, Inc.(15)(17)(24) Warrants N/A N/A 156,041  4,447  5,400 
Vestwell Holdings, Inc.(15)(17)(24) Series D Preferred Stock N/A N/A 304,350  6,022  6,000 
83,730  75,157  0.9  %
Road & Rail
Bolt Technology OÜ(17)(23)(24) Preferred Stock N/A N/A 43,478  11,318  10,431 
11,318  10,431  0.1  %
Systems Software
Algolia, Inc.(17)(24) Series C Preferred Stock N/A N/A 970,281  10,000  17,523 
Algolia, Inc.(17)(24) Series D Preferred Stock N/A N/A 136,776  4,000  3,027 
Arctic Wolf Networks, Inc.(17)(24) Preferred Stock N/A N/A 3,032,840  25,036  26,901 
Axonius, Inc.(17)(24) Series E Preferred Stock N/A N/A 1,733,274  8,149  8,142 
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(15)(17)(24) Common Units N/A N/A 12,692,160  12,692  19,053 
Chrome Investors LP(15)(16)(23)(26) LP Interest N/A N/A $ 16,407  16,417  16,407 
Circle Internet Services, Inc.(17)(24) Warrants N/A N/A 358,412  6  567 
14

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Circle Internet Services, Inc.(17)(24) Series D Preferred Stock N/A N/A 2,934,961  15,000  14,175 
Circle Internet Services, Inc.(17)(24) Series E Preferred Stock N/A N/A 821,806  6,917  4,978 
Circle Internet Services, Inc.(17)(24) Series F Preferred Stock N/A N/A 75,876  1,500  788 
Circle Internet Services, Inc.(17)(24) Subordinated Convertible Security N/A N/A 758,882  759  759 
Elliott Alto Co-Investor Aggregator L.P.(15)(17)(23)(24) LP Interest N/A N/A 14,627  21,934  24,085 
Excalibur CombineCo, L.P.(15)(17)(24) Class A Units N/A N/A 3,340,668  99,452  78,278 
Halo Parent Newco, LLC(15)(17)(26) Class H PIK Preferred Equity N/A 11.00% N/A 45,000  46,659  44,734 
HARNESS INC.(17)(24)(27) Series D Preferred Stock N/A N/A 1,022,648  9,169  9,169 
Illumio, Inc.(17)(24) Common stock N/A N/A 358,365  2,432  1,486 
Illumio, Inc.(17)(24) Series F Preferred Stock N/A N/A 2,483,618  16,684  15,502 
Project Hotel California Co-Invest Fund, L.P.(3)(15)(17)(23)(24) LP Interest N/A N/A $ 10,739  14,719  14,860 
311,525  300,434  3.8  %
Thrifts & Mortgage Finance
Blend Labs, Inc.(15)(17)(24) Warrants N/A N/A 299,216  1,625  4 
1,625  4   
Total non-controlled/non-affiliated portfolio company equity investments $ 1,172,167  $ 1,160,796  14.6  %
Total non-controlled/non-affiliated portfolio company investments $ 11,377,479  $ 11,336,974  142.7  %
Non-controlled/affiliated portfolio company investments(21)
Debt Investments(6)
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(15)(23)(26) First lien senior secured loan N/A 12.00% 7/2030 13,154  13,144  13,154 
AAM Series 2.1 Aviation Feeder, LLC(15)(23)(26) First lien senior secured loan N/A 12.00% 11/2030 15,806  15,816  15,806 
28,960  28,960  0.4  %
Insurance
Coherent Group Inc.(15)(21)(26) Convertible notes N/A 5.30% 12/2025 3,029  3,032  3,029 
3,032  3,029    %
Internet & Direct Marketing Retail
Walker Edison Furniture Company LLC(9)(15)(16)(21)(25) First lien senior secured loan N/A 6.75% 3/2027 22,197  19,199  3,766 
19,199  3,766    %
IT Services
Pluralsight, LLC(9)(15)(21) First lien senior secured loan S+ 3.00% 1.50% 8/2029 30,593  30,593  30,593 
Pluralsight, LLC(9)(15)(21) First lien senior secured loan S+ 7.50% 8/2029 32,319  32,319  32,319 
62,912  62,912  0.8  %
Total non-controlled/affiliated portfolio company debt investments $ 114,103  $ 98,667  1.2  %
Equity Investments
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(15)(16)(17)(23)(24) LLC Interest N/A N/A 7,365,950  9,178  9,750 
AAM Series 2.1 Aviation Feeder, LLC(15)(16)(17)(23)(24)(26) LLC Interest N/A N/A 6,850,888  9,404  9,687 
18,582  19,437  0.2  %
15

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company(1)(7)(18)(20) Investment Interest Maturity Date Par / Units Amortized Cost(4)(5) Fair Value % of Net Assets
Ref. Rate Cash PIK
Insurance
Coherent Group Inc.(17)(21)(24) Series B Preferred Shares N/A N/A 456,035  12,210  12,199 
Fifth Season Investments LLC(15)(17)(19)(21) Class A Units N/A N/A 16  133,467  137,359 
145,677  149,558  1.9  %
Internet & Direct Marketing Retail
Signifyd Inc.(17)(21)(26) Preferred equity N/A 9.00% N/A 2,755,121  139,190  126,940 
Walker Edison Holdco LLC(15)(17)(21)(24) Common Units N/A N/A 98,319  9,500   
148,690  126,940  1.6  %
IT Services
Paradigmatic Holdco LLC (dba Pluralsight)(15)(17)(21)(24) Common stock N/A N/A 10,119,090  26,850  26,850 
26,850  26,850  0.3  %
Pharmaceuticals
LSI Financing LLC(15)(16)(17)(21)(23)(24)(26) Common Equity N/A N/A $ 92,364  92,252  95,876 
LSI Financing 1 DAC(15)(17)(21)(23)(26) Preferred equity N/A N/A $ 7,749  8,044  7,738 
100,296  103,614  1.3  %
Systems Software
Help HP SCF Investor, LP(15)(17)(21)(24) LP Interest N/A N/A $ 59,333  59,385  59,923 
Securiti, Inc.(15)(17)(24) Series C Preferred Shares N/A N/A 5,051,142  40,032  40,000 
99,417  99,923  1.3  %
Total non-controlled/affiliated portfolio company equity investments $ 539,512  $ 526,322  6.6  %
Total non-controlled/affiliated portfolio company investments $ 653,615  $ 624,989  7.9  %
Controlled/affiliated portfolio company investments(22)
Equity Investments
Diversified Financial Services
Revolut Ribbit Holdings, LLC(17)(22)(23)(24) LLC Interest N/A N/A 122,996  75,294  106,443 
75,294  106,443  1.3  %
Joint Ventures
Blue Owl Credit SLF LLC(15)(17)(19)(22)(23)(24) LLC Interest N/A N/A $ 2,442  2,452  2,452 
2,452  2,452    %
Total controlled/affiliated portfolio company equity investments $ 77,746  $ 108,895  1.4  %
Total controlled/affiliated portfolio company investments $ 77,746  $ 108,895  1.4  %
Total Investments $ 12,108,840  $ 12,070,858  151.9  %


16

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Interest Rate Swaps as of March 31, 2025
Company Receives Company Pays Maturity Date Notional Amount Fair Value Upfront Payments/Receipts Change in Unrealized Appreciation / (Depreciation) Hedged Instrument Footnote Reference
Interest rate swap(a)
6.75%
 S + 2.5645%
3/4/2029 700,000  10,665    (57) April 2029 Notes Note 5
Interest rate swap(b)
6.10%
 S + 1.7670%
2/15/2028 650,000  10,208    (410)  March 2028 Notes Note 5
Total $ 1,350,000  $ 20,873  $ (467)
(a) The Company has an International Swaps and Derivatives Association (“ISDA”) agreement with Goldman Sachs Bank USA.
(b) The Company has an International Swaps and Derivatives Association (“ISDA”) agreement with SMBC Capital Markets, Inc.
(1)Unless otherwise indicated, all investments are considered Level 3 investments.
(2)Level 1 investment.
(3)Level 2 investment.
(4)The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
(5)As of March 31, 2025, the net estimated unrealized gain for U.S. federal income tax purposes was $49.7 million based on a tax cost basis of $12.0 billion. As of March 31, 2025, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $135.9 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $185.6 million.
(6)Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (SOFR or S, which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate (EURIBOR or E, which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate (SONIA or SA), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(7)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 16 for additional information on our restricted securities.
(8)The interest rate on these loans is subject to 1 month SOFR, which as of March 31, 2025 was 4.32%.
(9)The interest rate on these loans is subject to 3 month SOFR, which as of March 31, 2025 was 4.29%.
(10)The interest rate on these loans is subject to 6 month SOFR, which as of March 31, 2025 was 4.19%.
(11)The interest rate on these loans is subject to SONIA, which as of March 31, 2025 was 4.46%.
(12)The interest rate on these loans is subject to 3 month EURIBOR, which as of March 31, 2025 was 2.34%.
(13)The interest rate on these loans is subject to 6 month EURIBOR, which as of March 31, 2025 was 2.34%.
(14)The interest rate on these loans is subject to 3 month BBSY, which as of March 31, 2025 was 4.13%.
(15)Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company’s investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.
(16)Position or portion thereof is a partially unfunded debt or equity commitment. See below for more information on the Company’s commitments. See Note 7 “Commitments and Contingencies”.
Portfolio Company Commitment Type Commitment Expiration Date Funded Commitment Unfunded
Commitment
Fair Value(28)
Non-controlled/non-affiliated - delayed draw debt commitments
Aerosmith Bidco 1 Limited (dba Audiotonix) First lien senior secured delayed draw term loan 7/2027 $   $ 67,184  $  
AI Titan Parent, Inc. (dba Prometheus Group) First lien senior secured delayed draw term loan 9/2026   10,038  (50)
AlphaSense, Inc. First lien senior secured delayed draw term loan 6/2029   12,030  (90)
AlphaSense, Inc. First lien senior secured delayed draw term loan 12/2025   11,872  (89)
AmeriLife Holdings LLC First lien senior secured delayed draw term loan 6/2026 2,197  2,339   
AmeriLife Holdings LLC First lien senior secured delayed draw term loan 2/2027   5,250  (13)
Appfire Technologies, LLC First lien senior secured delayed draw term loan 12/2025   2,108   
Appfire Technologies, LLC First lien senior secured delayed draw term loan 6/2026   1,344   
17

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Portfolio Company Commitment Type Commitment Expiration Date Funded Commitment Unfunded
Commitment
Fair Value(28)
Aptean Acquiror, Inc. (dba Aptean) First lien senior secured delayed draw term loan 1/2026 129  169   
Aptean Acquiror, Inc. (dba Aptean) First lien senior secured delayed draw term loan 7/2025   7,119   
Aptean Acquiror, Inc. (dba Aptean) First lien senior secured delayed draw term loan 2/2027   6,329   
Artifact Bidco, Inc. (dba Avetta) First lien senior secured delayed draw term loan 7/2027   8,463   
Associations, Inc. First lien senior secured delayed draw term loan 7/2028 1,898  5,745   
Bamboo US BidCo LLC First lien senior secured delayed draw term loan 11/2026   6,856   
BCPE Osprey Buyer, Inc. (dba PartsSource) First lien senior secured delayed draw term loan 10/2025 4,519  21,744   
Cambrex Corporation First lien senior secured delayed draw term loan 3/2027   5,831  (29)
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) First lien senior secured delayed draw term loan 9/2025   3,806   
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) First lien senior secured delayed draw term loan 6/2026   2,239   
Computer Services, Inc. (dba CSI) First lien senior secured delayed draw term loan 2/2026   18,393   
CoreTrust Purchasing Group LLC First lien senior secured delayed draw term loan 5/2026   6,316   
Coupa Holdings, LLC First lien senior secured delayed draw term loan 8/2025   7,643   
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) First lien senior secured delayed draw term loan 8/2026   5,364   
Databricks, Inc. First lien senior secured delayed draw term loan 7/2026   25,806   
EET Buyer, Inc. (dba e-Emphasys) First lien senior secured delayed draw term loan 4/2026   9,545   
EresearchTechnology, Inc. (dba Clario) First lien senior secured delayed draw term loan 1/2027 632  12,003   
EresearchTechnology, Inc. (dba Clario) First lien senior secured delayed draw term loan 3/2026   11,119  (56)
Fullsteam Operations, LLC First lien senior secured delayed draw term loan 8/2025 6,338  5,514   
Fullsteam Operations, LLC First lien senior secured delayed draw term loan 2/2026 1,991  972   
Galway Borrower LLC First lien senior secured delayed draw term loan 7/2026 88  1,466   
GS Acquisitionco, Inc. (dba insightsoftware) First lien senior secured delayed draw term loan 3/2026 425  1,494   
Indikami Bidco, LLC (dba IntegriChain) First lien senior secured delayed draw term loan 12/2025 2,085  16,162   
Integrated Specialty Coverages, LLC First lien senior secured delayed draw term loan 2/2027   514   
Integrity Marketing Acquisition, LLC First lien senior secured delayed draw term loan 8/2026   12,831   
Interoperability Bidco, Inc. (dba Lyniate) First lien senior secured delayed draw term loan 6/2026   7,619  (152)
Juniper Square, Inc. First lien senior secured delayed draw term loan 6/2026 3,545  7,705   
18

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Portfolio Company Commitment Type Commitment Expiration Date Funded Commitment Unfunded
Commitment
Fair Value(28)
Litera Bidco LLC First lien senior secured delayed draw term loan 11/2026 38,693  3,385   
Litera Bidco LLC First lien senior secured delayed draw term loan 5/2027   17,577  (44)
ManTech International Corporation First lien senior secured delayed draw term loan 6/2025   11,334   
Minotaur Acquisition, Inc. (dba Inspira Financial) First lien senior secured delayed draw term loan 5/2026   20,908   
Monotype Imaging Holdings Inc. First lien senior secured delayed draw term loan 2/2026 2,470  8,172   
OneOncology, LLC First lien senior secured delayed draw term loan 3/2027   34,699  (87)
OneOncology, LLC First lien senior secured delayed draw term loan 10/2026 4,970  2,956   
Packaging Coordinators Midco, Inc. First lien senior secured delayed draw term loan 4/2026   65,095  (489)
PDI TA Holdings, Inc. First lien senior secured delayed draw term loan 2/2026   2,271  (11)
PetVet Care Centers, LLC First lien senior secured delayed draw term loan 11/2025   10,239  (461)
Pye-Barker Fire & Safety, LLC First lien senior secured delayed draw term loan 5/2026   13,777   
Pye-Barker Fire & Safety, LLC First lien senior secured delayed draw term loan 5/2026 10,409  1,645   
RL Datix Holdings (USA), Inc. First lien senior secured delayed draw term loan 4/2027   23,650   
Rubrik, Inc. First lien senior secured delayed draw term loan 6/2028 7,570  419   
Salinger Bidco Inc. (dba Surgical Information Systems) First lien senior secured delayed draw term loan 8/2026   9,141   
Sensor Technology Topco, Inc. (dba Humanetics) First lien senior secured delayed draw term loan 9/2025 551  736   
Sensor Technology Topco, Inc. (dba Humanetics) First lien senior secured EUR delayed draw term loan 9/2025 121  162   
Severin Acquisition, LLC (dba PowerSchool) First lien senior secured delayed draw term loan 10/2027 1,317  18,175   
Simpler Postage, Inc. (dba Easypost) First lien senior secured delayed draw term loan 6/2026 4,478  53,946   
Simplicity Financial Marketing Group Holdings, Inc. First lien senior secured delayed draw term loan 12/2026 610  3,200   
Smarsh Inc. First lien senior secured delayed draw term loan 1/2027   16,329   
Spaceship Purchaser, Inc. (dba Squarespace) First lien senior secured delayed draw term loan 10/2026   10,765   
Spaceship Purchaser, Inc. (dba Squarespace) First lien senior secured delayed draw term loan 10/2027   25,836   
Tricentis Operations Holdings, Inc. First lien senior secured delayed draw term loan 2/2027   22,480  (112)
Zendesk, Inc. First lien senior secured delayed draw term loan 11/2025   35,836   
Non-controlled/non-affiliated - revolving debt commitments
Acquia Inc.* First lien senior secured revolving loan 11/2026 11,789     
Activate Holdings (US) Corp. (dba Absolute Software) First lien senior secured revolving loan 7/2029   3,363   
19

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Portfolio Company Commitment Type Commitment Expiration Date Funded Commitment Unfunded
Commitment
Fair Value(28)
Aerosmith Bidco 1 Limited (dba Audiotonix) First lien senior secured revolving loan 7/2030   28,149   
AI Titan Parent, Inc. (dba Prometheus Group) First lien senior secured revolving loan 8/2031   6,274  (63)
AmeriLife Holdings LLC First lien senior secured revolving loan 8/2028   4,898  (24)
Anaplan, Inc. First lien senior secured revolving loan 6/2028   12,963   
Appfire Technologies, LLC First lien senior secured revolving loan 3/2028   816   
Aptean Acquiror, Inc. (dba Aptean) First lien senior secured revolving loan 1/2031   952   
Artifact Bidco, Inc. (dba Avetta) First lien senior secured revolving loan 7/2030   6,046  (30)
Associations, Inc. First lien senior secured revolving loan 7/2028 4,537  1,594   
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.) First lien senior secured revolving loan 3/2031   10,450  (78)
Bamboo US BidCo LLC First lien senior secured revolving loan 10/2029   5,128   
Bayshore Intermediate #2, L.P. (dba Boomi) First lien senior secured revolving loan 10/2027   13,131   
BCPE Osprey Buyer, Inc. (dba PartsSource) First lien senior secured revolving loan 8/2026 11,280  951   
BCTO BSI Buyer, Inc. (dba Buildertrend) First lien senior secured revolving loan 12/2026   11,250   
BTRS Holdings Inc. (dba Billtrust) First lien senior secured revolving loan 12/2028 11,022  11,022   
Cambrex Corporation First lien senior secured revolving loan 3/2032   5,102  (51)
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.) First lien senior secured revolving loan 8/2027 2,338  4,450   
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC) First lien senior secured revolving loan 6/2029   1,119   
Certinia Inc. First lien senior secured revolving loan 8/2030   8,824   
CivicPlus, LLC First lien senior secured revolving loan 8/2027   4,664   
CoreTrust Purchasing Group LLC First lien senior secured revolving loan 10/2029   3,789   
Coupa Holdings, LLC First lien senior secured revolving loan 2/2029   5,852   
Creek Parent, Inc. (dba Catalent) First lien senior secured revolving loan 12/2031   25,111  (126)
Crewline Buyer, Inc. (dba New Relic) First lien senior secured revolving loan 11/2030   21,393  (214)
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) First lien senior secured revolving loan 8/2031   13,410   
Delinea Buyer, Inc. (f/k/a Centrify) First lien senior secured revolving loan 3/2027   8,163   
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.) First lien senior secured revolving loan 3/2029   3,823  (29)
EET Buyer, Inc. (dba e-Emphasys) First lien senior secured revolving loan 11/2027   6,150   
Einstein Parent, Inc. (dba Smartsheet) First lien senior secured revolving loan 1/2031   10,881  (109)
Entrata, Inc. First lien senior secured revolving loan 7/2028   5,231   
EresearchTechnology, Inc. (dba Clario) First lien senior secured revolving loan 10/2031   6,318  (63)
Finastra USA, Inc. First lien senior secured revolving loan 9/2029 4,029  11,994   
Forescout Technologies, Inc. First lien senior secured revolving loan 5/2030   9,693  (48)
Foundation Consumer Brands, LLC First lien senior secured revolving loan 2/2029   575  (6)
Fullsteam Operations, LLC First lien senior secured revolving loan 11/2029   1,185   
Gainsight, Inc. First lien senior secured revolving loan 7/2027 2,933  2,700   
20

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Portfolio Company Commitment Type Commitment Expiration Date Funded Commitment Unfunded
Commitment
Fair Value(28)
Galway Borrower LLC First lien senior secured revolving loan 9/2028 64  132   
Gerson Lehrman Group, Inc. First lien senior secured revolving loan 12/2027   1,913   
GI Ranger Intermediate, LLC (dba Rectangle Health) First lien senior secured revolving loan 10/2027   2,211  (44)
Granicus, Inc. First lien senior secured revolving loan 1/2031   548   
GS Acquisitionco, Inc. (dba insightsoftware) First lien senior secured revolving loan 5/2028   4,799  (48)
H&F Opportunities LUX III S.À R.L (dba Checkmarx) First lien senior secured revolving loan 4/2026   25,000   
Hyland Software, Inc. First lien senior secured revolving loan 9/2029   7,172   
Icefall Parent, Inc. (dba EngageSmart) First lien senior secured revolving loan 1/2030   2,957   
Indikami Bidco, LLC (dba IntegriChain) First lien senior secured revolving loan 6/2030 7,299  5,735   
Integrated Specialty Coverages, LLC First lien senior secured revolving loan 7/2029   603   
Integrity Marketing Acquisition, LLC First lien senior secured revolving loan 8/2028   4,294   
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)* First lien senior secured revolving loan 8/2026 10,847     
Interoperability Bidco, Inc. (dba Lyniate) First lien senior secured revolving loan 3/2028 1,986  7,041   
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)) First lien senior secured revolving loan 12/2027 1,214  9,024   
JS Parent, Inc. (dba Jama Software) First lien senior secured revolving loan 4/2031   2,647   
Juniper Square, Inc. First lien senior secured revolving loan 12/2026   2,250   
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) First lien senior secured revolving loan 12/2029   6,251   
Litera Bidco LLC First lien senior secured revolving loan 5/2028   10,004  (25)
LogRhythm, Inc. First lien senior secured revolving loan 7/2029   475  (13)
Magnet Forensics, LLC (f/k/a Grayshift, LLC) First lien senior secured revolving loan 7/2028   6,774   
ManTech International Corporation First lien senior secured revolving loan 9/2028   9,460   
MINDBODY, Inc. First lien senior secured revolving loan 9/2025   7,143   
Ministry Brands Holdings, LLC First lien senior secured revolving loan 12/2027   737  (6)
Minotaur Acquisition, Inc. (dba Inspira Financial) First lien senior secured revolving loan 6/2030   12,863   
Monotype Imaging Holdings Inc. First lien senior secured revolving loan 2/2030   15,982   
Natural Partners, LLC First lien senior secured revolving loan 11/2027   1,590   
Neptune Holdings, Inc. (dba NexTech) First lien senior secured revolving loan 8/2029   1,471   
NMI Acquisitionco, Inc. (dba Network Merchants) First lien senior secured revolving loan 9/2028   1,115   
OneOncology, LLC First lien senior secured revolving loan 6/2029   9,300  (47)
Oranje Holdco, Inc. (dba KnowBe4) First lien senior secured revolving loan 2/2029   14,955   
Packaging Coordinators Midco, Inc. First lien senior secured revolving loan 1/2032   12,346  (170)
PDI TA Holdings, Inc. First lien senior secured revolving loan 2/2031 302  1,961   
PetVet Care Centers, LLC First lien senior secured revolving loan 11/2029   10,745  (591)
21

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Portfolio Company Commitment Type Commitment Expiration Date Funded Commitment Unfunded
Commitment
Fair Value(28)
Phantom Purchaser, Inc. First lien senior secured revolving loan 9/2031   1,140  (3)
Ping Identity Holding Corp. First lien senior secured revolving loan 10/2028   10,286   
Pye-Barker Fire & Safety, LLC First lien senior secured revolving loan 5/2030 682  4,773   
QAD, Inc. First lien senior secured revolving loan 11/2027   11,429  (29)
Relativity ODA LLC First lien senior secured revolving loan 5/2029   11,725  (29)
RL Datix Holdings (USA), Inc. First lien senior secured revolving loan 10/2030   20,708  (155)
SailPoint Technologies Holdings, Inc. First lien senior secured revolving loan 8/2028   17,433   
Salinger Bidco Inc. (dba Surgical Information Systems) First lien senior secured revolving loan 5/2031   9,141   
Securonix, Inc. First lien senior secured revolving loan 4/2028 160  6,958   
Sensor Technology Topco, Inc. (dba Humanetics) First lien senior secured revolving loan 5/2028 2,528  3,011   
Severin Acquisition, LLC (dba PowerSchool) First lien senior secured revolving loan 10/2031 1,754  9,941   
Simplicity Financial Marketing Group Holdings, Inc. First lien senior secured revolving loan 12/2031   1,905  (19)
Smarsh Inc. First lien senior secured revolving loan 2/2029 1,155  7,509   
Spaceship Purchaser, Inc. (dba Squarespace) First lien senior secured revolving loan 10/2031   21,530   
Talon MidCo 2 Limited First lien senior secured revolving loan 8/2028   2,976   
Tamarack Intermediate, L.L.C. (dba Verisk 3E) First lien senior secured revolving loan 3/2028   1,682  (8)
TC Holdings, LLC (dba TrialCard) First lien senior secured revolving loan 4/2027   2,842   
Thunder Purchaser, Inc. (dba Vector Solutions) First lien senior secured revolving loan 6/2027   11,250   
Tricentis Operations Holdings, Inc. First lien senior secured revolving loan 2/2032   14,050  (140)
Velocity HoldCo III Inc. (dba VelocityEHS) First lien senior secured revolving loan 4/2027   2,500   
When I Work, Inc. First lien senior secured revolving loan 11/2027   5,605  (196)
Zendesk, Inc. First lien senior secured revolving loan 11/2028   14,756   
Non-controlled/non-affiliated - equity commitments
Chrome Investors LP LP Interest N/A 16,407  4,102   
Non-controlled/affiliated - delayed draw debt commitments
Pluralsight, LLC First lien senior secured delayed draw term loan 8/2029   12,649   
Walker Edison Furniture Company LLC First lien senior secured delayed draw term loan 3/2027 587  822   
Non-controlled/affiliated - revolving debt commitments
Pluralsight, LLC First lien senior secured revolving loan 8/2029   5,060   
Walker Edison Furniture Company LLC* First lien senior secured revolving loan 3/2027 4,495     
Non-controlled/affiliated - equity commitments
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC LLC Interest N/A 7,366  15,723   
AAM Series 2.1 Aviation Feeder, LLC LLC Interest N/A 6,851  4,491   
LSI Financing LLC Common Equity N/A 92,364  1,000   
Total Portfolio Company Commitments $ 299,025  $ 1,457,574  $ (4,047)
22

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
*Fully funded
(17)Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of March 31, 2025, the aggregate fair value of these securities is $1.8 billion or 22.6% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:
Portfolio Company Investment Acquisition Date
6Sense Insights, Inc. Series E-1 Preferred Stock January 20, 2022
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC LLC Interest July 01, 2022
AAM Series 2.1 Aviation Feeder, LLC LLC interest July 01, 2022
Accelerate Topco Holdings, LLC Common Units March 24, 2025
Acorns Grow Incorporated Series F Preferred Stock March 24, 2025
Algolia, Inc. Series D Preferred Stock July 19, 2021
Algolia, Inc. Series C Preferred Stock August 30, 2019
Alpha Partners Technology Merger Corp Common stock July 23, 2021
Alpha Partners Technology Merger Corp Warrants July 21, 2023
AlphaSense, LLC Series E Preferred Shares June 27, 2024
Amergin Asset Management, LLC Class A Units July 01, 2022
Arctic Wolf Networks, Inc. Preferred Stock July 07, 2021
Axonius, Inc. Series E Preferred Stock March 24, 2025
BCTO WIW Holdings, Inc. (dba When I Work) Class A Common Stock November 02, 2021
BEHP Co-Investor II, L.P. LP Interest May 06, 2022
Blend Labs, Inc. Warrants July 02, 2021
Blue Owl Credit SLF LLC* LLC Interest August 01, 2024
Bolt Technology OÜ Preferred Stock December 10, 2021
Brex, Inc. Preferred Stock November 30, 2021
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) Common Units October 01, 2021
Chrome Investors LP LP Interest January 25, 2025
Circle Internet Services, Inc. Series D Preferred Stock May 20, 2019
Circle Internet Services, Inc. Series E Preferred Stock February 28, 2020
Circle Internet Services, Inc. Series F Preferred Stock May 04, 2021
Circle Internet Services, Inc. Warrants May 20, 2019
Circle Internet Services, Inc. Subordinated Convertible Security April 12, 2024
CloudPay, Inc. Series E Preferred Stock July 31, 2024
Coherent Group Inc. Series B Preferred Shares March 24, 2025
Diligent Preferred Issuer, Inc. (dba Diligent Corporation) Preferred Stock April 06, 2021
Dodge Construction Network Holdings, L.P. Series A Preferred Units March 16, 2022
Dodge Construction Network Holdings, L.P. Class A-2 Common Units March 16, 2022
E2Open Parent Holdings, Inc. Class A Common Stock August 27, 2021
Elliott Alto Co-Investor Aggregator L.P. LP Interest September 28, 2022
EShares, Inc. (dba Carta) Series E Preferred Stock August 01, 2019
Excalibur CombineCo, L.P. Class A Units July 02, 2024
Fifth Season Investments LLC Class A Units October 17, 2022
Halo Parent Newco, LLC Class H PIK Preferred Equity October 15, 2021
HARNESS INC. Series D Preferred Stock June 11, 2024
Help HP SCF Investor, LP LP Interest April 28, 2021
Illumio, Inc. Common stock August 27, 2021
Illumio, Inc. Series F Preferred Stock June 23, 2021
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) LP Interest June 08, 2022
23

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Portfolio Company Investment Acquisition Date
JumpCloud, Inc. Series F Preferred Stock September 03, 2021
JumpCloud, Inc. Series B Preferred Stock December 30, 2021
Juniper Square, Inc. Warrants March 24, 2025
Kajabi Holdings, LLC Senior Preferred Class D Units March 24, 2021
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) Perpetual Preferred Stock June 22, 2022
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials) Class A Interest December 12, 2023
Linked Store Cayman Ltd. (dba Nuvemshop) Series E Preferred Stock August 09, 2021
LSI Financing 1 DAC Preferred equity December 14, 2022
LSI Financing LLC Common Equity November 25, 2024
Bird Holding B.V. (fka MessageBird Holding B.V.) Extended Series C Warrants May 05, 2021
Minerva Holdco, Inc. Senior A Preferred Stock February 14, 2022
Nylas, Inc. Series C Preferred Stock June 03, 2021
Orange Blossom Parent, Inc. Common Units March 24, 2025
Paradigmatic Holdco LLC (dba Pluralsight) Common stock August 22, 2024
Project Alpine Co-Invest Fund, LP LP Interest June 13, 2022
Project Hotel California Co-Invest Fund, L.P. LP Interest August 09, 2022
Replicated, Inc. Series C Preferred Stock June 30, 2021
Revolut Ribbit Holdings, LLC LLC Interest September 30, 2021
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers) Series A Preferred Stock November 15, 2023
Saturn Ultimate, Inc. Common stock December 29, 2021
Securiti, Inc. Series C Preferred Shares July 29, 2022
Signifyd Inc. Preferred equity April 08, 2021
Simpler Postage, Inc. (dba Easypost) Warrants June 11, 2024
SLA Eclipse Co-Invest, L.P. LP Interest September 30, 2019
Space Exploration Technologies Corp. Class A Common Stock March 23, 2021
Space Exploration Technologies Corp. Class C Common Stock March 23, 2021
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.) Series A Preferred Stock October 14, 2021
Thunder Topco L.P. (dba Vector Solutions) Common Units June 30, 2021
TravelPerk, Inc. Warrants May 02, 2024
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.) Series A Preferred Stock October 15, 2021
Vestwell Holdings, Inc. Series D Preferred Stock December 20, 2023
Walker Edison Holdco LLC Common Units March 01, 2023
WMC Bidco, Inc. (dba West Monroe) Senior Preferred Stock November 09, 2021
WP Irving Co-Invest, L.P. Partnership Units May 18, 2022
XOMA Corporation Warrants December 15, 2023
Zoro TopCo, Inc. Series A Preferred Equity November 22, 2022
Zoro TopCo, L.P. Class A Common Units November 22, 2022
(18)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II, SPV Asset Facility III, SPV Asset Facility IV, Athena CLO II, Athena CLO IV and CLO 2020-1. See Note 5 “Debt”.
(19)This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II, SPV Asset Facility III, SPV Asset Facility IV, Athena CLO II, Athena CLO IV and CLO 2020-1. See Note 5 “Debt”.
(20)Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
(21)Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% but less than 25% of the portfolio companys outstanding voting securities. Transactions during the period ended March 31, 2025 in which the Company was an Affiliated Person of the portfolio company are as follows:
24

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
Company Fair Value at December 31, 2024 Gross Additions (a) Gross Reductions (b) Net Change in Unrealized Gain/(Loss) Realized Gains/(Loss) Transfers Fair Value at March 31, 2025 Interest Income Dividend Income Other Income
Non-Controlled Affiliates
 AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC $   $ 18,371  $ (24) $ 384  $   $ 4,173  $ 22,904  $ 47  $   $ 19 
 AAM Series 2.1 Aviation Feeder, LLC   21,311  (52) (82)   4,316  25,493  122     
 Coherent Group LTD   15,241    (13)     15,228  5     
 Fifth Season Investments LLC 62,517  76,807    (1,965)     137,359    4,514   
 Help HP SCF Investor, LP 60,350      (427)     59,923       
 LSI Financing 1 DAC 3,093  4,929    (284)     7,738       
 LSI Financing LLC 61,677  47,605  (17,218) 3,812      95,876    1,639   
 Pluralsight, LLC 88,660  1,102          89,762  1,628    32 
 Securiti, Inc.   20,016    (16)   20,000  40,000       
 Signifyd Inc. 126,065      875      126,940    3,083   
 Walker Edison Furniture Company LLC 4,941  1,875  (7) (3,043)     3,766  (5)    
Total Non-Controlled Affiliates $ 407,303  $ 207,257  $ (17,301) $ (759) $   $ 28,489  $ 624,989  $ 1,797  $ 9,236  $ 51 

(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest (“PIK”) or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.
(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.
(c)In connection with its investment in AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, “Amergin AssetCo”) the Company made a minority investment in Amergin Asset Management, LLC, which has entered into a Servicing Agreement with Amergin AssetCo.
(22)As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company, including through a management agreement (“controlled affiliate”). The Company’s investments in controlled affiliates for the period ended March 31, 2025, were as follows:
Company Fair Value at December 31, 2024 Gross Additions (a) Gross Reductions (b) Net Change in Unrealized Gain/(Loss) Realized Gains/(Loss) Transfers Fair Value at March 31, 2025 Interest Income Dividend Income Other Income
Controlled Affiliates
Blue Owl Credit SLF LLC(c)
$ 947  $ 1,503  $   $ 2  $   $   $ 2,452  $   $ 55  $  
 Revolut Ribbit Holdings, LLC 106,443            106,443       
Total Controlled Affiliates $ 107,390  $ 1,503  $   $ 2  $   $   $ 108,895  $   $ 55  $  
(a)Gross additions include increases in the cost basis of investments resulting from new investments, PIK or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.
(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.
(c)For further description of the Company's investment in Blue Owl Credit SLF LLC (“Credit SLF”), see Note 4 “Investments.”
(23)This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of March 31, 2025, non-qualifying assets represented 13.7% of total assets as calculated in accordance with the regulatory requirements.
(24)Non-income producing investment.
(25)Loan was on non-accrual status as of March 31, 2025.
(26)Contains a fixed-rate structure.
(27)Harness Inc. has retained 304,990 shares until June 11, 2026 as a security for indemnity obligations detailed in the Merger Agreement with Split Software, Inc.
(28)The negative cost and fair value results from unamortized fees, which are capitalized to the investment cost of unfunded commitments.
25

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of March 31, 2025
(Amounts in thousands, except share amounts)
(Unaudited)
The accompanying notes are an integral part of these consolidated financial statements.

26

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments
Aerospace & defense
ManTech International Corporation(6)(9)(13) First lien senior secured loan S+ 5.00% 9/2029 $ 6,988  $ 6,988  $ 6,988  0.2  %
Peraton Corp.(3)(6)(9)(13) Second lien senior secured loan S+ 7.75% 2/2029 84,551  83,762  68,148  1.9  %
90,750  75,136  2.1  %
Application Software
AI Titan Parent, Inc. (dba Prometheus Group)(6)(8)(13) First lien senior secured loan S+ 4.75% 8/2031 22,642  22,423  22,415  0.6  %
AlphaSense, Inc.(6)(9)(13) First lien senior secured loan S+ 6.25% 6/2029 27,383  27,132  27,110  0.7  %
Anaplan, Inc.(6)(9)(13) First lien senior secured loan S+ 5.25% 6/2029 50,696  50,596  50,696  1.4  %
Armstrong Bidco Limited(6)(11)(13)(14)(22) First lien senior secured GBP term loan SA+ 5.25% 6/2029 £ 8,086  9,775  10,077  0.3  %
Artifact Bidco, Inc. (dba Avetta)(6)(9)(13) First lien senior secured loan S+ 4.50% 7/2031 15,982  15,907  15,902  0.4  %
Avalara, Inc.(6)(9)(13) First lien senior secured loan S+ 6.25% 10/2028 9,091  8,994  9,091  0.3  %
Boxer Parent Company Inc. (f/k/a BMC)(3)(6)(9)(13) First lien senior secured loan S+ 3.75% 7/2031 10,000  9,977  10,074  0.3  %
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(6)(9)(13)(14) First lien senior secured loan S+ 5.50% 8/2027 78,766  77,760  76,477  2.1  %
CivicPlus, LLC(6)(9)(13)(14) First lien senior secured loan S+ 5.75% 8/2027 68,151  67,813  68,151  1.9  %
Coupa Holdings, LLC(6)(9)(13) First lien senior secured loan S+ 5.25% 2/2030 781  781  781    %
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(6)(10)(13) Unsecured notes S+
11.75% PIK
6/2034 46,503  45,760  46,503  1.3  %
Diamondback Acquisition, Inc. (dba Sphera)(6)(8)(13) First lien senior secured loan S+ 5.50% 9/2028 75,864  74,948  75,485  2.1  %
Fullsteam Operations, LLC(6)(9)(13)(14) First lien senior secured loan S+ 8.25% 11/2029 15,407  15,003  15,407  0.4  %
Fullsteam Operations, LLC(6)(9)(13)(14) First lien senior secured delayed draw term loan S+ 7.00% 11/2029 969  915  961    %
Gainsight, Inc.(6)(9)(13)(14) First lien senior secured loan S+ 6.00% 7/2027 70,687  70,190  70,687  1.9  %
Granicus, Inc.(6)(9)(13) First lien senior secured loan S+
5.75% (2.25% PIK)
1/2031 1,960  1,943  1,960  0.1  %
Granicus, Inc.(6)(9)(13) First lien senior secured delayed draw term loan S+
5.25% (2.25% PIK)
1/2031 290  288  287    %
GS Acquisitionco, Inc. (dba insightsoftware)(6)(9)(13)(14) First lien senior secured loan S+ 5.25% 5/2028 52,817  52,654  52,413  1.4  %
JS Parent, Inc. (dba Jama Software)(6)(9)(13) First lien senior secured loan S+ 5.00% 4/2031 13,642  13,579  13,642  0.4  %
Magnet Forensics, LLC (f/k/a Grayshift, LLC)(6)(8)(13)(22) First lien senior secured loan S+ 5.00% 7/2028 27,761  27,731  27,761  0.8  %
Ministry Brands Holdings, LLC(6)(8)(13)(14) First lien senior secured loan S+ 5.50% 12/2028 8,224  8,120  8,163  0.2  %
Simpler Postage, Inc. (dba Easypost)(6)(8)(13)(14) First lien senior secured loan S+ 8.00% 6/2029 19,215  18,328  18,322  0.5  %
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(9)(13)(14) First lien senior secured loan S+ 5.75% 3/2028 12,117  11,964  12,056  0.3  %
Velocity HoldCo III Inc. (dba VelocityEHS)(6)(9)(13) First lien senior secured loan S+ 5.50% 4/2027 40,208  39,802  40,208  1.1  %
XPLOR T1, LLC(6)(9)(13) First lien senior secured loan S+ 3.50% 6/2031 4,988  4,988  5,025  0.1  %
Zendesk, Inc.(6)(9)(13) First lien senior secured loan S+ 5.00% 11/2028 52,903  52,170  52,903  1.5  %
27

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
729,541  732,557  20.1  %
Banks
Finastra USA, Inc.(6)(9)(13)(14)(22) First lien senior secured loan S+ 7.25% 9/2029 76,194  75,417  76,194  2.1  %
75,417  76,194  2.1  %
Building products
EET Buyer, Inc. (dba e-Emphasys)(6)(9)(13)(14) First lien senior secured loan S+ 4.75% 11/2027 56,056  55,678  56,056  1.5  %
55,678  56,056  1.5  %
Buildings & Real Estate
Associations Finance, Inc.(13)(25) Unsecured notes
14.25% PIK
5/2030 19,978  19,845  19,978  0.6  %
Associations, Inc.(6)(9)(13)(14) First lien senior secured loan S+ 6.50% 7/2028 51,699  51,649  51,699  1.4  %
71,494  71,677  2.0  %
Commercial Services & Supplies
SimpliSafe Holding Corporation(6)(8)(13)(14) First lien senior secured loan S+ 6.25% 5/2028 904  893  904    %
Pye-Barker Fire & Safety, LLC(6)(9)(13)(14) First lien senior secured loan S+ 4.50% 5/2031 18,740  18,638  18,693  0.5  %
Pye-Barker Fire & Safety, LLC(6)(9)(13)(14) First lien senior secured revolving loan S+ 4.50% 5/2030 341  329  334    %
19,860  19,931  0.5  %
Consumer Finance
Klarna Holding AB(6)(9)(13) Subordinated Floating Rate Notes 7.00% 4/2034 32,667  32,667  32,667  0.9  %
32,667  32,667  0.9  %
Diversified Consumer Services
Icefall Parent, Inc. (dba EngageSmart)(6)(8)(13) First lien senior secured loan S+ 6.50% 1/2030 12,783  12,557  12,783  0.4  %
Litera Bidco LLC(6)(8)(13)(14) First lien senior secured loan S+ 5.00% 5/2028 130,589  129,990  130,263  3.6  %
Relativity ODA LLC(6)(8)(13) First lien senior secured loan S+ 4.50% 5/2029 92,129  91,781  91,899  2.5  %
234,328  234,945  6.5  %
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(13)(14)(25) First lien senior secured loan
12.00% PIK
7/2030 2,507  2,490  2,507  0.1  %
AAM Series 2.1 Aviation Feeder, LLC(13)(14)(25) First lien senior secured loan
12.00% PIK
11/2030 2,534  2,534  2,534  0.1  %
Blackhawk Network Holdings, Inc.(3)(6)(8)(13) First lien senior secured loan S+ 5.00% 3/2029 59,700  58,613  60,363  1.7  %
BTRS HOLDINGS INC. (dba Billtrust)(6)(9)(13)(14) First lien senior secured loan S+ 7.25% 12/2028 944  924  941    %
Computer Services, Inc. (dba CSI)(6)(9)(13)(14) First lien senior secured loan S+ 5.25% 11/2029 7,443  7,398  7,443  0.2  %
Computer Services, Inc. (dba CSI)(6)(9)(13) First lien senior secured loan S+ 4.75% 11/2029 26,592  26,463  26,459  0.7  %
Hg Genesis 8 Sumoco Limited(6)(11)(13)(22) Unsecured facility SA+
7.00% PIK
9/2027 £ 16,420  20,996  20,565  0.6  %
Hg Genesis 9 SumoCo Limited(6)(12)(13)(22) Unsecured facility E+
6.25% PIK
3/2029 9,187  10,055  9,513  0.3  %
Hg Saturn Luchaco Limited(6)(11)(13)(22) Unsecured facility SA+
7.50% PIK
3/2026 £ 38,430  48,784  48,130  1.3  %
28

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
Minotaur Acquisition, Inc. (dba Inspira Financial)(6)(8)(13)(14) First lien senior secured loan S+ 5.00% 6/2030 61,704  61,090  61,396  1.7  %
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(8)(13)(14) First lien senior secured loan S+ 5.00% 9/2028 24,357  24,283  24,357  0.7  %
Smarsh Inc.(6)(9)(13)(14) First lien senior secured loan S+ 5.75% 2/2029 49,714  49,350  49,714  1.4  %
Smarsh Inc.(6)(8)(13)(14) First lien senior secured revolving loan S+ 5.75% 2/2029 177  174  177    %
313,154  314,099  8.8  %
Entertainment
Aerosmith Bidco 1 Limited (dba Audiotonix)(6)(8)(13)(22) First lien senior secured loan S+ 5.25% 7/2031 120,979  119,493  120,676  3.3  %
119,493  120,676  3.3  %
Equity Real Estate Investment Trusts (REITs)
Storable, Inc.(3)(6)(8)(13) First lien senior secured loan S+ 3.50% 4/2028 4,974  4,944  5,004  0.1  %
4,944  5,004  0.1  %
Food & Staples Retailing
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(6)(8)(13) First lien senior secured loan S+ 5.00% 12/2028 24,292  24,292  24,292  0.7  %
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(6)(9)(13)(14) First lien senior secured revolving loan S+ 5.00% 12/2027 302  302  302    %
24,594  24,594  0.7  %
Health Care Providers & Services
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(6)(9)(13) First lien senior secured loan S+ 4.75% 12/2029 22,668  22,300  22,668  0.6  %
PetVet Care Centers, LLC(6)(8)(13) First lien senior secured loan S+ 6.00% 11/2030 38,858  38,514  37,206  1.0  %
60,814  59,874  1.6  %
Health Care Technology
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(9)(13) First lien senior secured loan S+ 5.75% 8/2028 114,142  113,042  112,715  3.1  %
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(8)(13)(14) First lien senior secured delayed draw term loan S+ 5.75% 8/2028 10,467  10,165  10,282  0.3  %
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(8)(13)(14) First lien senior secured revolving loan S+ 5.75% 8/2026 8,155  8,085  8,002  0.2  %
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(6)(8)(13) First lien senior secured loan S+ 5.00% 8/2031 58,027  57,705  57,882  1.6  %
GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(9)(13)(14) First lien senior secured loan S+ 6.00% 10/2028 26,955  26,602  26,483  0.7  %
GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(9)(13)(14) First lien senior secured revolving loan S+ 6.00% 10/2027 258  237  219    %
Greenway Health, LLC(6)(9)(13) First lien senior secured loan S+ 6.75% 4/2029 8,685  8,514  8,577  0.2  %
Hyland Software, Inc.(6)(8)(13) First lien senior secured loan S+ 6.00% 9/2030 85,028  83,923  85,028  2.3  %
Indikami Bidco, LLC (dba IntegriChain)(6)(8)(13) First lien senior secured loan S+
6.50% (2.50% PIK)
12/2030 61,081  59,862  60,776  1.7  %
29

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
Indikami Bidco, LLC (dba IntegriChain)(6)(8)(13)(14) First lien senior secured delayed draw term loan S+ 6.00% 12/2030 479  413  476    %
Indikami Bidco, LLC (dba IntegriChain)(6)(8)(13)(14) First lien senior secured revolving loan S+ 6.00% 6/2030 2,155  2,042  2,125  0.1  %
Inovalon Holdings, Inc.(6)(9)(13)(14) First lien senior secured loan S+ 5.75% 11/2028 151,132  148,946  149,243  4.1  %
Inovalon Holdings, Inc.(6)(9)(13) Second lien senior secured loan S+
10.50% PIK
11/2033 94,457  93,376  93,513  2.6  %
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(9)(13)(14)(22) First lien senior secured loan S+ 6.50% 8/2026 164,732  164,030  160,614  4.4  %
Interoperability Bidco, Inc. (dba Lyniate)(6)(9)(13)(14) First lien senior secured loan S+ 6.25% 3/2028 87,018  86,769  84,841  2.3  %
Interoperability Bidco, Inc. (dba Lyniate)(6)(8)(13)(14) First lien senior secured revolving loan S+ 6.25% 3/2028 352  312  183    %
Neptune Holdings, Inc. (dba NexTech)(6)(9)(13) First lien senior secured loan S+ 4.75% 8/2030 4,368  4,346  4,368  0.1  %
RL Datix Holdings (USA), Inc.(6)(10)(13) First lien senior secured loan S+ 5.50% 4/2031 48,700  48,249  48,457  1.3  %
RL Datix Holdings (USA), Inc.(6)(9)(13)(14) First lien senior secured revolving loan S+ 5.50% 10/2030 1,266  1,180  1,218    %
RL Datix Holdings (USA), Inc.(6)(11)(13) First lien senior secured GBP term loan SA+ 5.50% 4/2031 £ 22,553  27,908  28,104  0.8  %
Salinger Bidco Inc. (dba Surgical Information Systems)(6)(8)(13) First lien senior secured loan S+ 5.75% 8/2031 14,531  14,321  14,495  0.4  %
960,027  957,601  26.2  %
Hotels, Restaurants & Leisure
MINDBODY, Inc.(6)(9)(13)(14) First lien senior secured loan S+ 7.00% 9/2025 72,962  72,929  72,962  2.0  %
Par Technology Corporation(6)(8)(13) First lien senior secured loan S+ 5.00% 7/2029 19,286  19,008  19,093  0.5  %
91,937  92,055  2.5  %
Household Durables
BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(9)(13) First lien senior secured loan S+ 6.50% 12/2026 84,045  83,727  84,045  2.3  %
83,727  84,045  2.3  %
Industrial Conglomerates
Aptean Acquiror, Inc. (dba Aptean)(6)(9)(13)(14) First lien senior secured loan S+ 5.00% 1/2031 3,314  3,283  3,305  0.1  %
QAD, Inc.(6)(8)(13) First lien senior secured loan S+ 4.75% 11/2027 88,166  88,167  87,946  2.4  %
91,450  91,251  2.5  %
Insurance
Asurion, LLC(3)(6)(8)(13) Second lien senior secured loan S+ 5.25% 1/2028 10,833  10,702  10,555  0.3  %
Diamond Insure Bidco (dba Acturis)(6)(13) First lien senior secured EUR term loan E+ 4.25% 7/2031 625  658  636    %
Diamond Insure Bidco (dba Acturis)(6)(11)(13) First lien senior secured GBP term loan SA+ 4.50% 7/2031 £ 2,042  2,533  2,513  0.1  %
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(6)(9)(13) First lien senior secured loan S+ 7.50% 3/2029 1,064  1,043  1,056    %
Integrity Marketing Acquisition, LLC(6)(9)(13) First lien senior secured loan S+ 5.00% 8/2028 47,836  47,606  47,836  1.3  %
Simplicity Financial Marketing Group Holdings, Inc.(6)(9)(13) First lien senior secured loan S+ 5.00% 12/2031 3,571  3,536  3,536  0.1  %
66,078  66,132  1.8  %
30

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
Internet & Direct Marketing Retail
Aurelia Netherlands B.V.(6)(12)(13)(22) First lien senior secured EUR term loan E+ 5.75% 5/2031 25,282  26,511  26,049  0.7  %
26,511  26,049  0.7  %
IT Services
Kaseya Inc.(6)(8)(13) First lien senior secured loan S+ 5.50% 6/2029 15,865  15,644  15,865  0.4  %
Kaseya Inc.(6)(9)(13)(14) First lien senior secured delayed draw term loan S+ 5.50% 6/2029 482  462  482    %
Severin Acquisition, LLC (dba PowerSchool)(6)(8)(13) First lien senior secured loan S+
5.00% (2.25% PIK)
10/2031 31,972  31,663  31,653  0.9  %
Spaceship Purchaser, Inc. (dba Squarespace)(6)(9)(13) First lien senior secured loan S+ 5.00% 10/2031 83,848  83,438  83,429  2.3  %
131,207  131,429  3.6  %
Life Sciences Tools & Services
Bamboo US BidCo LLC(6)(12)(13) First lien senior secured EUR term loan E+ 5.25% 9/2030 3,139  3,302  3,250  0.1  %
Bamboo US BidCo LLC(6)(9)(13)(14) First lien senior secured loan S+ 5.25% 9/2030 5,498  5,498  5,498  0.2  %
Creek Parent, Inc. (dba Catalent)(6)(8)(13) First lien senior secured loan S+ 5.25% 12/2031 84,384  82,913  82,907  2.3  %
91,713  91,655  2.6  %
Media
Monotype Imaging Holdings Inc.(6)(9)(13)(14) First lien senior secured loan S+ 5.50% 2/2031 59,806  59,379  59,656  1.6  %
59,379  59,656  1.6  %
Multiline Retail
PDI TA Holdings, Inc.(6)(9)(13) First lien senior secured loan S+ 5.00% 2/2031 8,989  8,867  8,899  0.2  %
PDI TA Holdings, Inc.(6)(9)(13)(14) First lien senior secured delayed draw term loan S+ 5.50% 2/2031 1,166  1,142  1,150    %
10,009  10,049  0.2  %
Professional Services
Certinia Inc.(6)(9)(13) First lien senior secured loan S+ 5.25% 8/2030 29,412  29,010  29,412  0.8  %
CloudPay, Inc.(6)(9)(13) First lien senior secured loan S+ 7.50% 7/2029 9,682  9,597  9,585  0.3  %
Cornerstone OnDemand, Inc.(6)(8)(13) Second lien senior secured loan S+ 6.50% 10/2029 71,667  70,928  61,096  1.7  %
Gerson Lehrman Group, Inc.(6)(9)(13) First lien senior secured loan S+ 5.25% 12/2027 18,895  18,763  18,848  0.5  %
Thunder Purchaser, Inc. (dba Vector Solutions)(6)(9)(13) First lien senior secured loan S+ 5.50% 6/2028 139,757  138,958  139,757  3.9  %
TK Operations Ltd (dba Travelperk, Inc.)(13)(25) First lien senior secured loan
11.50% PIK
5/2029 22,152  20,418  20,546  0.6  %
When I Work, Inc.(6)(9)(13) First lien senior secured loan S+ 5.50% 11/2027 36,277  36,116  35,008  1.0  %
323,790  314,252  8.8  %
Real Estate Management & Development
Entrata, Inc.(6)(8)(13) First lien senior secured loan S+ 5.75% 7/2030 888  877  888    %
RealPage, Inc.(3)(6)(9)(13) First lien senior secured loan S+ 3.75% 4/2028 35,000  34,825  35,088  1.0  %
35,702  35,976  1.0  %
Systems Software
Acquia Inc.(6)(9)(14) First lien senior secured loan S+ 7.00% 10/2025 183,111  182,696  183,111  5.1  %
Activate Holdings (US) Corp. (dba Absolute Software)(6)(9)(13)(14)(22) First lien senior secured loan S+ 5.25% 7/2030 5,711  5,689  5,711  0.2  %
31

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
Arctic Wolf Networks, Inc.(13)(25) Senior convertible notes
3.00% PIK
9/2027 127,843  159,282  159,279  4.4  %
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(6)(8)(13)(14) First lien senior secured loan S+ 6.50% 3/2031 42,751  42,154  42,430  1.2  %
Bayshore Intermediate #2, L.P. (dba Boomi)(6)(9)(13) First lien senior secured loan S+
6.25% (3.38% PIK)
10/2028 104,763  104,745  104,763  2.9  %
Crewline Buyer, Inc. (dba New Relic)(6)(8)(13) First lien senior secured loan S+ 6.75% 11/2030 94,034  92,781  92,859  2.6  %
Databricks, Inc.(6)(8)(13) First lien senior secured loan S+ 4.50% 1/2031 53,061  52,796  52,796  1.5  %
Delinea Buyer, Inc. (f/k/a Centrify)(6)(9)(13)(14) First lien senior secured loan S+ 5.75% 3/2028 105,727  104,218  105,727  2.9  %
Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(6)(10) Second lien senior secured loan S+ 5.25% 11/2030 13,500  13,434  13,676  0.4  %
Forescout Technologies, Inc.(6)(9)(13) First lien senior secured loan S+ 5.00% 5/2031 66,583  66,317  66,295  1.8  %
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(8)(13)(22) First lien senior secured loan S+ 7.50% 4/2026 148,889  147,706  148,517  4.1  %
Ivanti Software, Inc.(6)(9)(13) Second lien senior secured loan S+ 7.25% 12/2028 21,000  20,633  11,550  0.3  %
LogRhythm, Inc.(6)(8)(13) First lien senior secured loan S+ 7.50% 7/2029 4,750  4,618  4,619  0.1  %
Oranje Holdco, Inc. (dba KnowBe4)(6)(9)(13) First lien senior secured loan S+ 7.75% 2/2029 12,818  12,673  12,818  0.4  %
Oranje Holdco, Inc. (dba KnowBe4)(6)(9)(13) First lien senior secured loan S+ 7.25% 2/2029 5,371  5,324  5,331  0.1  %
Ping Identity Holding Corp.(6)(9)(13) First lien senior secured loan S+ 4.75% 10/2029 6,413  6,403  6,413  0.2  %
Rubrik, Inc.(6)(9)(13)(14) First lien senior secured loan S+ 7.00% 8/2028 11,770  11,654  11,770  0.3  %
SailPoint Technologies Holdings, Inc.(6)(9)(13) First lien senior secured loan S+ 6.00% 8/2029 29,853  29,387  29,853  0.8  %
Securonix, Inc.(6)(9)(13) First lien senior secured loan S+
7.75% (3.75% PIK)
4/2028 19,774  19,652  17,154  0.5  %
Securonix, Inc.(6)(9)(13)(14) First lien senior secured revolving loan S+ 7.00% 4/2028 80  61  (391)   %
Sitecore Holding III A/S(6)(12)(13) First lien senior secured EUR term loan E+
7.75% (4.25% PIK)
3/2029 56,504  59,255  58,510  1.6  %
Sitecore USA, Inc.(6)(9)(13) First lien senior secured loan S+
7.75% (4.25% PIK)
3/2029 58,456  58,111  58,456  1.6  %
Sitecore Holding III A/S(6)(9)(13) First lien senior secured loan S+
7.75% (4.25% PIK)
3/2029 9,696  9,639  9,696  0.3  %
Talon MidCo 2 Limited(6)(8)(13)(14)(22) First lien senior secured loan S+ 6.95% 8/2028 2,700  2,664  2,700  0.1  %
1,211,892  1,203,643  33.4  %
Total non-controlled/non-affiliated portfolio company debt investments $ 5,016,156  $ 4,987,203  137.4  %
Equity Investments
Aerospace & Defense
Space Exploration Technologies Corp.(13)(16)(23) Class A Common Stock N/A N/A 419,311  23,013  75,009  2.1  %
Space Exploration Technologies Corp.(13)(16)(23) Class C Common Stock N/A N/A 84,250  4,011  15,071  0.4  %
32

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
27,024  90,080  2.5  %
Application Software
6Sense Insights, Inc.(13)(16)(23) Series E-1 Preferred Stock N/A N/A 1,264,514  40,066  32,116  0.9  %
Alpha Partners Technology Merger Corp(2)(22)(23) Common stock N/A N/A 30,000  1,000  334    %
Alpha Partners Technology Merger Corp(2)(16)(22)(23) Warrants N/A N/A 666,666    120    %
AlphaSense, LLC(13)(16)(23) Series E Preferred Shares N/A N/A 131,200  5,929  5,890  0.2  %
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(13)(16)(25) Preferred Stock
10.50% PIK
N/A 15,000  21,147  20,622  0.6  %
EShares, Inc. (dba Carta)(16)(23) Series E Preferred Stock N/A N/A 186,904  2,008  4,225  0.1  %
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(13)(16)(22)(23) LP Interest N/A N/A $ 2,281  2,285  2,862  0.1  %
Bird Holding B.V. (fka MessageBird Holding B.V.)(13)(16)(22)(23) Extended Series C Warrants N/A N/A 191,530  1,174  281    %
Nylas, Inc.(16)(23) Series C Preferred Stock N/A N/A 2,088,467  15,009  3,427  0.1  %
Project Alpine Co-Invest Fund, LP(13)(16)(22)(23) LP Interest N/A N/A $ 3,644  3,646  4,785  0.1  %
Saturn Ultimate, Inc.(13)(16)(23) Common stock N/A N/A 5,580,593  25,008  47,930  1.3  %
Simpler Postage, Inc. (dba Easypost)(13)(16)(23) Warrants N/A N/A 65,694  827  827    %
Zoro TopCo, Inc.(9)(13)(16) Series A Preferred Equity S+
9.50% PIK
N/A 7,114  9,017  9,236  0.3  %
Zoro TopCo, L.P.(13)(16)(23) Class A Common Units N/A N/A 592,872  5,929  6,455  0.2  %
133,045  139,110  3.9  %
Construction & Engineering
Dodge Construction Network Holdings, L.P.(6)(9)(13)(16) Series A Preferred Units S+ 8.25% N/A   69  40    %
Dodge Construction Network Holdings, L.P.(13)(16)(23) Class A-2 Common Units N/A N/A 3,333,333  2,841  474    %
2,910  514    %
Diversified Consumer Services
SLA Eclipse Co-Invest, L.P.(3)(16)(22)(23) LP Interest N/A N/A $ 15,000  15,256  18,078  0.5  %
15,256  18,078  0.5  %
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(13)(14)(16)(22)(23) LLC Interest N/A N/A $ 1,487  1,487  1,667    %
AAM Series 2.1 Aviation Feeder, LLC(13)(14)(16)(22)(23) LLC Interest N/A N/A $ 1,422  1,425  1,781    %
Amergin Asset Management, LLC(13)(16)(22)(23) Class A Units N/A N/A 25,000,000    778    %
Brex, Inc.(16)(23) Preferred Stock N/A N/A 143,943  5,012  2,885  0.1  %
7,924  7,111  0.1  %
Health Care Providers & Services
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(13)(16)(23) Class A Interest N/A N/A 159  1,585  1,797    %
33

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(13)(16)(25) Series A Preferred Stock
15.00% PIK
N/A 4,419  5,046  4,749  0.1  %
6,631  6,546  0.1  %
Health Care Technology
BEHP Co-Investor II, L.P.(13)(16)(22)(23) LP Interest N/A N/A $ 1,270  1,043  1,297    %
Minerva Holdco, Inc.(13)(16)(25) Senior A Preferred Stock
10.75% PIK
N/A 50,000  67,422  65,937  1.8  %
WP Irving Co-Invest, L.P.(13)(16)(22)(23) Partnership Units N/A N/A 1,250,000  976  1,276    %
69,441  68,510  1.8  %
Hotels, Restaurants & Leisure
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(13)(16)(25) Series A Preferred Stock
10.00% PIK
N/A 25,000  29,446  30,919  0.9  %
29,446  30,919  0.9  %
Internet & Direct Marketing Retail
Kajabi Holdings, LLC(16)(23) Senior Preferred Class D Units N/A N/A 4,126,175  50,025  39,463  1.1  %
Klaviyo, Inc.(2)(16)(23) Series B Common Stock N/A N/A 1,078,770  36,027  44,488  1.2  %
Linked Store Cayman Ltd. (dba Nuvemshop)(13)(16)(22)(23) Series E Preferred Stock N/A N/A 19,499  42,496  37,998  1.0  %
128,548  121,949  3.3  %
IT Services
E2Open Parent Holdings, Inc.(2)(22)(23) Class A Common Stock N/A N/A 1,650,943  17,504  4,392  0.1  %
JumpCloud, Inc.(16)(23) Series B Preferred Stock N/A N/A 756,590  4,531  639    %
JumpCloud, Inc.(16)(23) Series F Preferred Stock N/A N/A 6,679,245  40,017  28,343  0.8  %
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(6)(10)(13)(16) Perpetual Preferred Stock S+
10.75% PIK
N/A 7,500  10,266  10,405  0.3  %
Replicated, Inc.(16)(23) Series C Preferred Stock N/A N/A 1,277,832  10,502  0.3  %
WMC Bidco, Inc. (dba West Monroe)(13)(16)(25) Senior Preferred Stock
11.25% PIK
N/A 57,231  80,541  79,680  2.2  %
172,867  133,961  3.7  %
Pharmaceuticals
XOMA Corporation(13)(16)(23) Warrants N/A N/A 12,000  82  139    %
82  139    %
Professional Services
BCTO WIW Holdings, Inc. (dba When I Work)(13)(16)(23) Class A Common Stock
13.50% PIK
N/A 70,000  7,000  3,827  0.1  %
CloudPay, Inc.(13)(16)(22)(25) Series E Preferred Stock
13.50% PIK
N/A 39,109  8,896  8,896  0.2  %
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(13)(16)(25) Series A Preferred Stock
10.50% PIK
N/A 28,000  38,428  30,743  0.8  %
Thunder Topco L.P. (dba Vector Solutions)(13)(16)(23) Common Units N/A N/A 7,857,410  7,857  9,348  0.3  %
TravelPerk, Inc.(13)(16)(23) Warrants N/A N/A 71,940  1,534  1,534    %
Vestwell Holdings, Inc.(13)(16)(23) Series D Preferred Stock N/A N/A 152,175  3,020  3,000  0.1  %
66,735  57,348  1.5  %
34

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
Road & Rail
Bolt Technology OÜ(16)(22)(23) Preferred Stock N/A N/A 43,478  11,318  9,999  0.3  %
11,318  9,999  0.3  %
Systems Software
Algolia, Inc.(16)(23) Series D Preferred Stock N/A N/A 136,776  4,000  3,027  0.1  %
Algolia, Inc.(16)(23) Series C Preferred Stock N/A N/A 970,281  10,000  17,523  0.5  %
Arctic Wolf Networks, Inc.(16)(23) Preferred Stock N/A N/A 3,032,840  25,036  26,901  0.7  %
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(13)(16)(23) Common Units N/A N/A 12,692,160  12,692  19,053  0.5  %
Circle Internet Services, Inc.(16)(23) Warrants N/A N/A 358,412    786    %
Circle Internet Services, Inc.(16)(23) Series D Preferred Stock N/A N/A 2,934,961  15,000  16,478  0.5  %
Circle Internet Services, Inc.(16)(23) Series E Preferred Stock N/A N/A 821,806  6,917  5,675  0.2  %
Circle Internet Services, Inc.(16)(23) Series F Preferred Stock N/A N/A 75,876  1,500  879    %
Circle Internet Services, Inc.(16)(23) Subordinated Convertible Security N/A N/A 758,882  759  759    %
Elliott Alto Co-Investor Aggregator L.P.(13)(16)(22)(23) LP Interest N/A N/A 1,567  1,577  2,441  0.1  %
Excalibur CombineCo, L.P.(13)(16)(23) Class A Units N/A N/A 3,340,668  99,452  75,296  2.1  %
Halo Parent Newco, LLC(13)(16)(25) Class H PIK Preferred Equity
11.00% PIK
N/A 5,000  6,826  5,138  0.1  %
HARNESS INC.(16)(23)(26) Series D Preferred Stock N/A N/A 1,022,648  9,169  9,198  0.3  %
Illumio, Inc.(16)(23) Common stock N/A N/A 358,365  2,432  1,487    %
Illumio, Inc.(16)(23) Series F Preferred Stock N/A N/A 2,483,618  16,684  15,502  0.4  %
Project Hotel California Co-Invest Fund, L.P.(13)(16)(22)(23) LP Interest N/A N/A $ 2,685  2,687  3,092  0.1  %
Securiti, Inc.(13)(16)(23) Series C Preferred Shares N/A N/A 2,525,571  20,016  20,000  0.6  %
234,747  223,235  6.2  %
Thrifts & Mortgage Finance
Blend Labs, Inc.(13)(16)(23) Warrants N/A N/A 299,216  1,625  14    %
1,625  14    %
Total non-controlled/non-affiliated portfolio company equity investments $ 907,599  $ 907,513  24.8  %
Total non-controlled/non-affiliated portfolio company investments $ 5,923,755  $ 5,894,716  162.2  %
Non-controlled/affiliated portfolio company investments(21)
Debt Investments
Internet & Direct Marketing Retail
Walker Edison Furniture Company LLC(6)(9)(13)(20)(24) First lien senior secured revolving loan S+ 6.25% 3/2027 $ 4,495  4,495  2,888  0.1  %
Walker Edison Furniture Company LLC(6)(9)(13)(14)(20)(24) First lien senior secured delayed draw term loan S+
6.75% PIK
3/2027 4,527  4,214  556    %
Walker Edison Furniture Company LLC(6)(9)(13)(20)(24) First lien senior secured loan S+
6.75% PIK
3/2027 11,090  8,621  1,497    %
17,330  4,941  0.1  %
IT Services
35

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Company(1)(7)(17)(19) Investment Interest Maturity Date Par / Units Amortized Cost(2)(3) Fair Value Percentage of Net Assets
Pluralsight, LLC(6)(9)(13)(20) First lien senior secured loan S+
4.50% (1.50% PIK)
8/2029 30,474  30,474  30,474  0.8  %
Pluralsight, LLC(6)(9)(13)(20) First lien senior secured loan S+
7.50% PIK
8/2029 31,336  31,336  31,336  0.9  %
61,810  61,810  1.7  %
Total non-controlled/affiliated portfolio company debt investments $ 79,140  $ 66,751  1.8  %
Equity Investments
Insurance
Fifth Season Investments LLC(13)(16)(18)(20) Class A Units N/A N/A 8  56,660  62,517  1.7  %
56,660  62,517  1.7  %
Internet & Direct Marketing Retail
Signifyd Inc.(16)(20)(25) Preferred equity
9.00% PIK
N/A 2,755,121  139,190  126,065  3.5  %
Walker Edison Holdco LLC(13)(16)(20)(23) Common Units N/A N/A 98,319  9,500      %
148,690  126,065  3.5  %
IT Services
Paradigmatic Holdco LLC (dba Pluralsight)(13)(16)(20)(23) Common stock N/A N/A 10,119,090  26,850  26,850  0.7  %
26,850  26,850  0.7  %
Pharmaceuticals
LSI Financing 1 DAC(13)(14)(16)(20)(22) Preferred equity N/A N/A $ 3,053  3,116  3,093  0.1  %
LSI Financing LLC(13)(14)(16)(20)(22)(23) Common Equity N/A N/A $ 61,865  61,865  61,677  1.7  %
64,981  64,770  1.8  %
Systems Software
Help HP SCF Investor, LP(13)(16)(20)(23) LP Interest N/A N/A $ 59,333  59,385  60,350  1.7  %
59,385  60,350  1.7  %
Total non-controlled/affiliated portfolio company equity investments $ 356,566  $ 340,552  9.5  %
Total non-controlled/affiliated portfolio company investments $ 435,706  $ 407,303  11.3  %
Controlled/affiliated portfolio company investments(22)
Equity Investments
Diversified Financial Services
Revolut Ribbit Holdings, LLC(14)(16)(21)(22)(23) LLC Interest N/A N/A 122,996  75,294  106,443  2.9  %
75,294  106,443  2.9  %
Joint Ventures
Blue Owl Credit SLF LLC(13)(16)(18)(21)(22)(23) LLC Interest N/A N/A $ 947  949  947    %
949  947    %
Total controlled/affiliated portfolio company equity investments $ 76,243  $ 107,390  2.9  %
Total controlled/affiliated portfolio company investments $ 76,243  $ 107,390  2.9  %
Total non-controlled/non-affiliated misc. debt commitments(16)(27)(Note 7) $ (2,583) $ (1,943) (0.1) %
Total Investments $ 6,433,121  $ 6,407,466  176.3  %
(1)Unless otherwise indicated, all investments are considered Level 3 investments.
(2)Level 1 investment.
36

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
(3)Level 2 investment.
(4)The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
(5)As of December 31, 2024, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $15.8 million based on a tax cost basis of $6.42 billion. As of December 31, 2024, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $203.8 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $188.0 million.
(6)Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (SOFR or S, which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate (EURIBOR or E, which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate (SONIA or SA), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(7)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 16 for additional information on our restricted securities.
(8)The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2024 was 4.33%.
(9)The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2024 was 4.31%.
(10)The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2024 was 4.25%.
(11)The interest rate on these loans is subject to SONIA, which as of December 31, 2024 was 4.70%.
(12)The interest rate on these loans is subject to 3 month EURIBOR, which as of December 31, 2024 was 2.71%.
(13)Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company’s investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.
(14)Position or portion thereof is a partially unfunded debt or equity commitment. See below for more information on the Company’s commitments. See Note 7 “Commitments and Contingencies”.
Portfolio Company Commitment Type Commitment Expiration Date
Funded Commitment
Unfunded
Commitment
Fair Value(27)
Non-controlled/non-affiliated - delayed draw debt commitments
Aerosmith Bidco 1 Limited (dba Audiotonix) First lien senior secured delayed draw term loan 7/2027 $   $ 38,460  $ (30)
AI Titan Parent, Inc. (dba Prometheus Group) First lien senior secured delayed draw term loan 9/2026   4,528  (23)
AlphaSense, Inc. First lien senior secured delayed draw term loan 6/2029   5,549  (55)
AlphaSense, Inc. First lien senior secured delayed draw term loan 12/2025   5,477  (55)
Aptean Acquiror, Inc. (dba Aptean) First lien senior secured delayed draw term loan 1/2026 53  149   
Artifact Bidco, Inc. (dba Avetta) First lien senior secured delayed draw term loan 7/2027   3,912   
Associations, Inc. First lien senior secured delayed draw term loan 7/2028 642  3,205   
Bamboo US BidCo LLC First lien senior secured delayed draw term loan 11/2026   1,372   
Bamboo US BidCo LLC First lien senior secured delayed draw term loan 3/2025 454  315   
BCPE Osprey Buyer, Inc. (dba PartsSource) First lien senior secured delayed draw term loan 10/2025 4,530  21,744   
Computer Services, Inc. (dba CSI) First lien senior secured delayed draw term loan 2/2026   9,196   
Coupa Holdings, LLC First lien senior secured delayed draw term loan 8/2025   70   
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) First lien senior secured delayed draw term loan 8/2026   1,992  (5)
Databricks, Inc. First lien senior secured delayed draw term loan 7/2026   11,939   
EET Buyer, Inc. (dba e-Emphasys) First lien senior secured delayed draw term loan 4/2026   4,773   
Fullsteam Operations, LLC First lien senior secured delayed draw term loan 8/2025 550  5,376   
Fullsteam Operations, LLC First lien senior secured delayed draw term loan 2/2026 419  1,062   
GS Acquisitionco, Inc. (dba insightsoftware) First lien senior secured delayed draw term loan 3/2026 426  1,494   
Indikami Bidco, LLC (dba IntegriChain) First lien senior secured delayed draw term loan 12/2025 479  7,903   
Integrity Marketing Acquisition, LLC First lien senior secured delayed draw term loan 8/2026   7,236   
37

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Portfolio Company Commitment Type Commitment Expiration Date
Funded Commitment
Unfunded
Commitment
Fair Value(27)
Interoperability Bidco, Inc. (dba Lyniate) First lien senior secured delayed draw term loan 6/2026   5,714  (143)
Kaseya Inc. First lien senior secured delayed draw term loan 6/2025 184  703   
Litera Bidco LLC First lien senior secured delayed draw term loan 11/2026 15,152  17,117   
Litera Bidco LLC First lien senior secured delayed draw term loan 5/2027   13,448  (34)
ManTech International Corporation First lien senior secured delayed draw term loan 6/2025   1,030   
Minotaur Acquisition, Inc. (dba Inspira Financial) First lien senior secured delayed draw term loan 5/2026   8,834   
Monotype Imaging Holdings Inc. First lien senior secured delayed draw term loan 2/2026 1,145  3,768   
PDI TA Holdings, Inc. First lien senior secured delayed draw term loan 2/2026 1,166  922   
PetVet Care Centers, LLC First lien senior secured delayed draw term loan 11/2025   5,120  (166)
Pluralsight, LLC First lien senior secured delayed draw term loan 8/2029   12,649   
Pye-Barker Fire & Safety, LLC First lien senior secured delayed draw term loan 5/2026 4,602  8,313   
RL Datix Holdings (USA), Inc. First lien senior secured delayed draw term loan 4/2027   10,985   
Rubrik, Inc. First lien senior secured delayed draw term loan 6/2028 1,376  76   
Salinger Bidco Inc. (dba Surgical Information Systems) First lien senior secured delayed draw term loan 8/2026   1,406   
Severin Acquisition, LLC (dba PowerSchool) First lien senior secured delayed draw term loan 10/2027   6,693  (33)
Simpler Postage, Inc. (dba Easypost) First lien senior secured delayed draw term loan 6/2026 412  17,285  (25)
Simplicity Financial Marketing Group Holdings, Inc. First lien senior secured delayed draw term loan 12/2026   952  (5)
Smarsh Inc. First lien senior secured delayed draw term loan 2/2025 5,524  5,524   
Spaceship Purchaser, Inc. (dba Squarespace) First lien senior secured delayed draw term loan 10/2026   4,991   
Spaceship Purchaser, Inc. (dba Squarespace) First lien senior secured delayed draw term loan 10/2027   11,978  (30)
Zendesk, Inc. First lien senior secured delayed draw term loan 11/2025   12,922   
Non-controlled/non-affiliated - revolving debt commitments
Acquia Inc. First lien senior secured revolving loan 10/2025 6,602  5,187   
Activate Holdings (US) Corp. (dba Absolute Software) First lien senior secured revolving loan 7/2029   352   
Aerosmith Bidco 1 Limited (dba Audiotonix) First lien senior secured revolving loan 7/2030   16,028  (40)
AI Titan Parent, Inc. (dba Prometheus Group) First lien senior secured revolving loan 8/2031   2,830  (28)
Anaplan, Inc. First lien senior secured revolving loan 6/2028   3,542   
Aptean Acquiror, Inc. (dba Aptean) First lien senior secured revolving loan 1/2031   273  (1)
Artifact Bidco, Inc. (dba Avetta) First lien senior secured revolving loan 7/2030   2,794  (14)
Associations, Inc. First lien senior secured revolving loan 7/2028 1,541  1,541   
Avalara, Inc. First lien senior secured revolving loan 10/2028   909   
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.) First lien senior secured revolving loan 3/2031   4,750  (36)
Bamboo US BidCo LLC First lien senior secured revolving loan 10/2029   1,026   
Bayshore Intermediate #2, L.P. (dba Boomi) First lien senior secured revolving loan 10/2027   9,028   
BCPE Osprey Buyer, Inc. (dba PartsSource) First lien senior secured revolving loan 8/2026 8,155  4,077   
BCTO BSI Buyer, Inc. (dba Buildertrend) First lien senior secured revolving loan 12/2026   11,250   
38

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Portfolio Company Commitment Type Commitment Expiration Date
Funded Commitment
Unfunded
Commitment
Fair Value(27)
BTRS HOLDINGS INC. (dba Billtrust) First lien senior secured revolving loan 12/2028 34  56   
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.) First lien senior secured revolving loan 8/2027 2,338  4,450   
Certinia Inc. First lien senior secured revolving loan 8/2029   2,941   
CivicPlus, LLC First lien senior secured revolving loan 8/2027   4,664   
Coupa Holdings, LLC First lien senior secured revolving loan 2/2029   54   
Creek Parent, Inc. (dba Catalent) First lien senior secured revolving loan 12/2031   12,116  (212)
Crewline Buyer, Inc. (dba New Relic) First lien senior secured revolving loan 11/2030   9,434  (118)
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant) First lien senior secured revolving loan 8/2031   4,981  (12)
Delinea Buyer, Inc. (f/k/a Centrify) First lien senior secured revolving loan 3/2027   8,163   
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.) First lien senior secured revolving loan 3/2029   91  (1)
EET Buyer, Inc. (dba e-Emphasys) First lien senior secured revolving loan 11/2027   5,348   
Entrata, Inc. First lien senior secured revolving loan 7/2028   103   
Finastra USA, Inc. First lien senior secured revolving loan 9/2029 4,651  2,827   
Forescout Technologies, Inc. First lien senior secured revolving loan 5/2030   9,517  (44)
Fullsteam Operations, LLC First lien senior secured revolving loan 11/2029   593   
Gainsight, Inc. First lien senior secured revolving loan 7/2027 2,933  2,700   
Gerson Lehrman Group, Inc. First lien senior secured revolving loan 12/2027   956  (2)
GI Ranger Intermediate, LLC (dba Rectangle Health) First lien senior secured revolving loan 10/2027 258  1,953   
Granicus, Inc. First lien senior secured revolving loan 1/2031   274   
GS Acquisitionco, Inc. (dba insightsoftware) First lien senior secured revolving loan 5/2028   4,799  (36)
H&F Opportunities LUX III S.À R.L (dba Checkmarx) First lien senior secured revolving loan 4/2026   25,000  (63)
Hyland Software, Inc. First lien senior secured revolving loan 9/2029   4,070   
Icefall Parent, Inc. (dba EngageSmart) First lien senior secured revolving loan 1/2030   1,217   
Indikami Bidco, LLC (dba IntegriChain) First lien senior secured revolving loan 6/2030 2,155  3,832   
Integrity Marketing Acquisition, LLC First lien senior secured revolving loan 8/2028   2,422   
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)* First lien senior secured revolving loan 8/2026 10,847     
Interoperability Bidco, Inc. (dba Lyniate) First lien senior secured revolving loan 3/2028 352  6,418   
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)) First lien senior secured revolving loan 12/2027 302  1,208   
JS Parent, Inc. (dba Jama Software) First lien senior secured revolving loan 4/2031   1,324   
Kaseya Inc. First lien senior secured revolving loan 6/2029 239  709   
KWOL Acquisition Inc. (dba Worldwide Clinical Trials) First lien senior secured revolving loan 12/2029   3,101   
Litera Bidco LLC First lien senior secured revolving loan 5/2028   7,654  (19)
LogRhythm, Inc. First lien senior secured revolving loan 7/2029   475  (13)
Magnet Forensics, LLC (f/k/a Grayshift, LLC) First lien senior secured revolving loan 7/2028   968   
39

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Portfolio Company Commitment Type Commitment Expiration Date
Funded Commitment
Unfunded
Commitment
Fair Value(27)
ManTech International Corporation First lien senior secured revolving loan 9/2028   860   
MINDBODY, Inc. First lien senior secured revolving loan 9/2025   7,143   
Ministry Brands Holdings, LLC First lien senior secured revolving loan 12/2027   737  (6)
Minotaur Acquisition, Inc. (dba Inspira Financial) First lien senior secured revolving loan 6/2030   5,435  (27)
Monotype Imaging Holdings Inc. First lien senior secured revolving loan 2/2030   7,369  (18)
Neptune Holdings, Inc. (dba NexTech) First lien senior secured revolving loan 8/2029   588   
NMI Acquisitionco, Inc. (dba Network Merchants) First lien senior secured revolving loan 9/2028   1,115   
Oranje Holdco, Inc. (dba KnowBe4) First lien senior secured revolving loan 2/2029   1,602   
PDI TA Holdings, Inc. First lien senior secured revolving loan 2/2031   918  (9)
PetVet Care Centers, LLC First lien senior secured revolving loan 11/2029   5,373  (228)
Ping Identity Holding Corp. First lien senior secured revolving loan 10/2028   643   
Pluralsight, LLC First lien senior secured revolving loan 8/2029   5,060   
Pye-Barker Fire & Safety, LLC First lien senior secured revolving loan 5/2030 341  2,386   
QAD, Inc. First lien senior secured revolving loan 11/2027   11,429  (29)
Relativity ODA LLC First lien senior secured revolving loan 5/2029   7,871  (20)
RL Datix Holdings (USA), Inc. First lien senior secured revolving loan 10/2030 1,266  8,352   
SailPoint Technologies Holdings, Inc. First lien senior secured revolving loan 8/2028   4,358   
Salinger Bidco Inc. (dba Surgical Information Systems) First lien senior secured revolving loan 5/2031   1,406  (4)
Securonix, Inc. First lien senior secured revolving loan 4/2028 80  3,479   
Severin Acquisition, LLC (dba PowerSchool) First lien senior secured revolving loan 10/2031   4,016  (40)
Simplicity Financial Marketing Group Holdings, Inc. First lien senior secured revolving loan 12/2031   476  (5)
Smarsh Inc. First lien senior secured revolving loan 2/2029 177  265   
Spaceship Purchaser, Inc. (dba Squarespace) First lien senior secured revolving loan 10/2031   9,982  (50)
Talon MidCo 2 Limited First lien senior secured revolving loan 8/2028   119   
Tamarack Intermediate, L.L.C. (dba Verisk 3E) First lien senior secured revolving loan 3/2028   1,682  (8)
Thunder Purchaser, Inc. (dba Vector Solutions) First lien senior secured revolving loan 6/2027   11,250  (60)
Velocity HoldCo III Inc. (dba VelocityEHS) First lien senior secured revolving loan 4/2026   2,500   
When I Work, Inc. First lien senior secured revolving loan 11/2027   5,605  (196)
Zendesk, Inc. First lien senior secured revolving loan 11/2028   5,321   
Non-controlled/affiliated - delayed draw debt commitments
Walker Edison Furniture Company LLC First lien senior secured delayed draw term loan 3/2027 3,256  730   
Non-controlled/affiliated revolving debt commitments
Walker Edison Furniture Company LLC* First lien senior secured revolving loan 3/2027 4,495     
Non-controlled/non-affiliated equity
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC LLC Interest N/A 1,487  3,280   
40

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Portfolio Company Commitment Type Commitment Expiration Date
Funded Commitment
Unfunded
Commitment
Fair Value(27)
AAM Series 2.1 Aviation Feeder, LLC LLC Interest N/A 1,422  1,525   
Non-controlled/affiliated - equity commitments
LSI Financing LLC Common Equity N/A 61,865  1,275   
Total Portfolio Company Commitments $ 151,910  $ 608,337  $ (1,943)
*Fully funded
(15)The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.
(16)Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of December 31, 2024, the aggregate fair value of these securities is $1.35 billion or 37.3% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:
Portfolio Company Investment Acquisition Date
6Sense Insights, Inc. Series E-1 Preferred Stock January 20, 2022
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC LLC Interest July 1, 2022
AAM Series 2.1 Aviation Feeder, LLC LLC interest July 1, 2022
Algolia, Inc. Series C Preferred Stock August 30, 2019
Algolia, Inc. Series D Preferred Stock July 19, 2021
Project Alpine Co-Invest Fund, LP LP Interest June 13, 2022
AlphaSense, LLC Series E Preferred Shares June 27, 2024
Alpha Partners Technology Merger Corp Warrants July 28, 2021
Amergin Asset Management, LLC Class A Units July 1, 2022
Arctic Wolf Networks, Inc. Preferred Stock July 7, 2021
BCTO WIW Holdings, Inc. (dba When I Work) Class A Common Stock November 2, 2021
BEHP Co-Investor II, L.P. LP Interest May 11, 2022
Blend Labs, Inc. Warrants July 2, 2021
Blue Owl Credit SLF LLC LLC Interest August 1, 2024
Bolt Technology OÜ Preferred Stock December 10, 2021
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi) Common Units October 1, 2021
Brex, Inc. Preferred Stock November 30, 2021
Circle Internet Services, Inc. Series D Preferred Stock May 20, 2019
Circle Internet Services, Inc. Series E Preferred Stock February 28, 2020
Circle Internet Services, Inc. Series F Preferred Stock May 4, 2021
Circle Internet Services, Inc. Subordinated Convertible Security April 12, 2024
Circle Internet Services, Inc. Warrants May 20, 2019
CloudPay, Inc. Series E Preferred Stock July 31, 2024
Diligent Preferred Issuer, Inc. (dba Diligent Corporation) Preferred Stock April 6, 2021
Dodge Construction Network Holdings, L.P. Class A-2 Common Units February 23, 2022
Dodge Construction Network Holdings, L.P. Series A Preferred Units February 23, 2022
Elliott Alto Co-Investor Aggregator L.P. LP Interest September 27, 2022
EShares, Inc. (dba Carta) Series E Preferred Stock August 1, 2019
Excalibur CombineCo, L.P. Class A Units July 2, 2024
Fifth Season Investments LLC Class A Units July 18, 2022
Halo Parent Newco, LLC Class H PIK Preferred Equity October 15, 2021
Harness, Inc. Junior Preferred Stock May 24, 2024
Help HP SCF Investor, LP LP Interest April 28, 2021
Project Hotel California Co-Invest Fund, L.P. LP Interest August 9, 2022
Illumio, Inc. Common stock June 23, 2021
Illumio, Inc. Series F Preferred Stock August 27, 2021
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC) LP Interest June 8, 2022
JumpCloud, Inc. Series B Preferred Stock December 30, 2021
JumpCloud, Inc. Series F Preferred Stock September 3, 2021
41

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
Kajabi Holdings, LLC Senior Preferred Class D Units March 24, 2021
Klaviyo, Inc. Series B Common Stock May 4, 2021
KWOL Acquisition Inc. (dba Worldwide Clinical Trials) Class A Interest December 12, 2023
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.) Perpetual Preferred Stock June 22, 2022
Linked Store Cayman Ltd. (dba Nuvemshop) Series E Preferred Stock August 9, 2021
LSI Financing 1 DAC Series 1 Notes December 14, 2022
LSI Financing LLC Common Equity November 25, 2024
MessageBird Holding B.V. Extended Series C Warrants May 5, 2021
Minerva Holdco, Inc. Senior A Preferred Stock February 15, 2022
Nylas, Inc. Series C Preferred Stock June 3, 2021
Paradigmatic Holdco LLC (dba Pluralsight) Common stock August 22, 2024
Replicated, Inc. Series C Preferred Stock June 30, 2021
Revolut Ribbit Holdings, LLC Ordinary Shares September 30, 2021
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers) Series A Preferred Stock November 15, 2023
Saturn Ultimate, Inc. Common stock December 29, 2021
Securiti, Inc. Series C Preferred Shares July 28, 2022
Signifyd Inc. Preferred equity April 8, 2021
Simpler Postage, Inc. (dba Easypost) Warrants June 11, 2024
SLA Eclipse Co-Invest, L.P. LP Interest September 30, 2019
Space Exploration Technologies Corp. Class A Common Stock March 25, 2021
Space Exploration Technologies Corp. Class C Common Stock March 25, 2021
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.) Series A Preferred Stock October 15, 2021
Thunder Topco L.P. (dba Vector Solutions) Common Units June 30, 2021
TravelPerk, Inc. Warrants May 1, 2024
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.) Series A Preferred Stock October 15, 2021
Vestwell Holdings, Inc. Series D Preferred Stock December 20, 2023
Walker Edison Holdco LLC Common Units March 1, 2023
WMC Bidco, Inc. (dba West Monroe) Senior Preferred Stock November 9, 2021
WP Irving Co-Invest, L.P. Partnership Units May 18, 2022
XOMA Corporation Warrants December 15, 2023
Zoro TopCo, Inc. Series A Preferred Equity November 22, 2022
Zoro TopCo, L.P. Class A Common Units November 22, 2022
(17)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.
(18)This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.
(19)Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
(20)Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% but less than 25% of the portfolio companys
42

Blue Owl Technology Finance Corp.
Consolidated Schedule of Investments
As of December 31, 2024
(Amounts in thousands, except share amounts)
outstanding voting securities. Transactions during the period ended December 31, 2024 in which the Company was an Affiliated Person of the portfolio company are as follows:
Company Fair Value at December 31, 2023 Gross Additions
(a)
Gross Reductions(b) Net Change in Unrealized Gain/(Loss) Realized Gain/(Loss) Transfers Fair Value at December 31, 2024 Interest and PIK Interest Income Dividend and PIK Dividend Income Other Income
Fifth Season Investments LLC $ 43,904  $ 32,382  $ (19,626) $ 5,857  $   $   $ 62,517  $   $ 6,673  $  
Help HP SCF Investor, LP 67,221  6    (6,877)     60,350       
LSI Financing LLC   83,915  (22,050) (188)     61,677    324   
LSI Financing 1 DAC 12,992  4,953  (15,403) (618) 1,169    3,093    64   
Pluralsight, LLC   88,660          88,660  2,449    32 
Signifyd Inc. 110,500  11,707  (40) 3,898      126,065    11,702   
Split Software, Inc. 22,484    (13,139) 7,520  (16,865)          
Walker Edison Furniture Company LLC 14,992  3,446    (13,497)     4,941      10 
Total $ 272,093  $ 225,069  $ (70,258) $ (3,905) $ (15,696) $   $ 407,303  $ 2,449  $ 18,763  $ 42 
_______________
(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.
(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.
(21)As defined in the 1940 act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio companys outstanding voting securities or has the power to exercise control over management or policies of such portfolio company, including through a management agreement (“controlled affiliate”). The Company’s investments in controlled affiliates for the period ended December 31, 2024 were as follows:
Company Fair Value at December 31, 2023
Gross Additions
(a)
Gross Reductions(b) Net Change in Unrealized Gain/(Loss) Realized Gain/(Loss) Transfers Fair Value at December 31, 2024 Interest and PIK Interest Income Dividend and PIK Dividend Income Other Income
Blue Owl Credit SLF LLC $   $ 2,618  $ (1,669) $ (2) $   $   $ 947  $   $ 27  $  
Revolut Ribbit Holdings, LLC 66,509  32    39,902      106,443       
Total $ 66,509  $ 2,650  $ (1,669) $ 39,900  $   $   $ 107,390  $   $ 27  $  
(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.
(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.
(22)This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of December 31, 2024, non-qualifying assets represented 14.2% of total assets as calculated in accordance with the regulatory requirements.
(23)Non-income producing investment.
(24)Loan was on non-accrual status as of December 31, 2024.
(25)Contains a fixed-rate structure.
(26)Harness Inc. has retained 304,990 shares until June 11, 2026 as a security for indemnity obligations detailed in the Merger Agreement with Split Software, Inc.
(27)The negative cost and fair value results from unamortized fees, which are capitalized to the investment cost of unfunded commitments.
The accompanying notes are an integral part of these consolidated financial statements.
43

Blue Owl Technology Finance Corp.
Consolidated Statements of Changes in Net Assets
(Amounts in thousands)
(Unaudited)
For the Three Months Ended March 31,
2025 2024
Increase (Decrease) in Net Assets Resulting from Operations
Net investment income (loss) $ 97,332  $ 92,638 
Net change in unrealized gain (loss) (20,463) 21,961 
Net realized gain (loss) 1,263  (23,725)
Net Increase (Decrease) in Net Assets Resulting from Operations 78,132  90,874 
Distributions
Distributions declared from earnings (72,507) (76,360)
Net Decrease in Net Assets Resulting from Shareholders' Distributions (72,507) (76,360)
Capital Share Transactions
Issuance of common shares in connection with the Mergers(1)
4,278,003   
Reinvestment of distributions 37,945  20,505 
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions 4,315,948  20,505 
Total Increase (Decrease) in Net Assets 4,321,573  35,019 
Net Assets, at beginning of period 3,625,150  3,529,994 
Net Assets, at end of period $ 7,946,723  $ 3,565,013 
(1)Refer to Note 12. Merger with Blue Owl Technology Finance Corp. II (“OTF II”) for additional information on the merger between the Company and OTF II (the “Mergers”).
The accompanying notes are an integral part of these consolidated financial statements.
44

Blue Owl Technology Finance Corp.
Consolidated Statements of Cash Flows
(Amounts in thousands)
(Unaudited)
<
For the Three Months Ended March 31,
2025
2024
Cash Flows from Operating Activities
Net Increase (Decrease) in Net Assets Resulting from Operations $ 78,132  $ 90,874 
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of investments, net (454,124) (253,108)
Proceeds from investments and investment repayments, net 387,592  340,454 
Net amortization of discount on investments (10,598) (8,419)
Net change in unrealized (gain) loss on investments 20,742  (22,559)
Net change in unrealized gain (loss) on interest rate swap attributed to unsecured notes 12,689   
Net change in unrealized (gains) losses on translation of assets and liabilities in foreign currencies (1,074) 605 
Net realized (gain) loss on investments (1,847) 22,797 
Net realized (gain) loss on foreign currency transactions relating to investments 624  1,645 
Paid-in-kind interest (18,573) (22,346)
Paid-in-kind dividends (9,722) (7,154)
Amortization of debt issuance costs 3,514  2,294 
Cash acquired in the Mergers 647,248   
Changes in operating assets and liabilities:
(Increase) decrease in interest receivable 34,096  (11,055)
(Increase) decrease in dividend income receivable (11,245) (2,288)
(Increase) decrease in prepaid expenses and other assets 10,978  (27,695)
Increase (decrease) in management fee payable 1,189  (261)
Increase (decrease) in incentive fee payable (417) (1,055)
Increase (decrease) in payables to affiliates 384  976 
Increase (decrease) in payable for investments purchased (42,075) (24,163)
Increase (decrease) in accrued expenses and other liabilities (105,292) (547)
Net cash provided by (used in) operating activities
542,221  78,995 
Cash Flows from Financing Activities
Borrowings on debt 675,000