May 6, 2026 - 10-Q: Quarterly report [Sections 13 or 15(d)] | Blue Owl Technology Finance Corp. (OTF)

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, 2026


☐			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

Common Stock $0.01 par value per share

OTF

The New York Stock Exchange

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 x

Emerging growth company ☐

Smaller reporting company ☐

Non-accelerated filer o

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 April 29, 2026, the registrant had 462,642,204 shares of common stock, $0.01 par value per share, outstanding.

Table of Contents


		Page
PART I	FINANCIAL INFORMATION
Item 1.	Financial Statements	5
	Consolidated Statements of Assets and Liabilities as of March 31, 2026 (Unaudited) and December 31, 2025	5
	Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (Unaudited)	6
	Consolidated Statements of Changes in Net Assets for the Three Months Ended March 31, 2026 and 2025 (Unaudited)	7
	Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (Unaudited)	8
	Consolidated Schedules of Investments as of March 31, 2026 (Unaudited) and December 31, 2025	10
	Notes to Consolidated Financial Statements (Unaudited)	64
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	106
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	135
Item 4.	Controls and Procedures	136

PART II	OTHER INFORMATION
Item 1.	Legal Proceedings	137
Item 1A.	Risk Factors	137
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	137
Item 3.	Defaults Upon Senior Securities	137
Item 4.	Mine Safety Disclosures	137
Item 5.	Other Information	137
Item 6.	Exhibits	138
Signatures

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, changes in law or regulation, including the impact of tariff enactment and tax reductions, trade disputes with other countries, and the risk of recession or future government shutdowns 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 on our business and our portfolio companies;

•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, continued political unrest in various countries such as Venezuela, as well as political and social unrest in the Middle East and North Africa regions, uncertainty with respect to immigration, and general

uncertainty surrounding the financial and political stability of the United States, the 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; 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”).

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)


	As of March 31, 2026 (Unaudited)		As of December 31, 2025
Assets
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $13,420,277 and $13,262,010, respectively)	$	13,057,271	$	13,363,077
Non-controlled, affiliated investments (amortized cost of $866,787 and $736,415, respectively)	778,795		692,202
Controlled, affiliated investments (amortized cost of $128,545 and $128,788, respectively)	232,173		230,760
Total investments at fair value (amortized cost of $14,415,609 and $14,127,213, respectively)	14,068,239		14,286,039
Cash (restricted cash of $— and $—, respectively)	487,336		282,257
Foreign cash (cost of $878 and $709, respectively)	827		667
Interest and dividend receivable	99,571		88,553
Receivable from a controlled affiliate	693		720
Prepaid expenses and other assets	211,940		56,775
Total Assets	$	14,868,606	$	14,715,011
Liabilities
Debt (net of unamortized debt issuance costs of $86,197 and $84,123, respectively)	$	6,904,332	$	6,288,200
Distribution payable	184,579		185,749
Management fee payable	54,018		48,556
Incentive fee payable	28,119		68,085
Payables to affiliates	2		64
Payable for investments purchased	4,287		3,006
Accrued expenses and other liabilities	87,816		79,753
Total Liabilities	$	7,263,153	$	6,673,413
Commitments and contingencies (Note 8)
Net Assets
Common shares $0.01 par value, 1,000,000,000 shares authorized; 461,123,693 and 464,047,623 shares issued and outstanding, respectively	$	4,611	$	4,640
Additional paid-in-capital	7,514,237		7,573,712
Total accumulated undistributed earnings	86,605		463,246
Total Net Assets	7,605,453		8,041,598
Total Liabilities and Net Assets	$	14,868,606	$	14,715,011
Net Asset Value Per Share	$	16.49	$	17.33

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

Blue Owl Technology Finance Corp.

Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

(Unaudited)


	Three Months Ended March 31,
	2026		2025
Investment Income
Investment income from non-controlled, non-affiliated investments:
Interest income	$	268,322	$	143,358
Payment-in-kind ("PIK") interest income	24,057		15,281
Dividend income	525		—
PIK dividend income	14,344		8,400
Other income	3,176		4,639
Total investment income from non-controlled, non-affiliated investments	310,424		171,678
Investment income from non-controlled, affiliated investments:
Interest income	1,029		621
PIK interest income	778		1,176
Dividend income	9,627		6,153
PIK dividend income	3,367		3,083
Other income	22		51
Total investment income from non-controlled, affiliated investments	14,823		11,084
Investment income from controlled, affiliated investments:
Dividend income	693		55
Total investment income from controlled, affiliated investments	693		55
Total Investment Income	325,940		182,817
Operating Expenses
Interest expense	$	103,825	$	51,686
Management fees, net(1)	53,913		15,876
Performance based incentive fees	(10,685)		9,441
Professional fees	2,741		3,368

Directors' fees	274		259

Other general and administrative	3,286		1,503
Total Operating Expenses	153,354		82,133
Net Investment Income (Loss) Before Taxes	172,586		100,684
Income tax expense (benefit), including excise tax expense (benefit)	1,275		3,352
Net Investment Income (Loss) After Taxes	171,311		97,332
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss):
Non-controlled, non-affiliated investments	$	(448,584)	$	(19,985)
Non-controlled, affiliated investments	(43,775)		(759)
Controlled, affiliated investments	1,656		2
Translation of assets and liabilities in foreign currencies and other transactions	(3,659)		1,074
Income tax (provision) benefit	79		(795)
Total Net Change in Unrealized Gain (Loss)	(494,283)		(20,463)
Net realized gain (loss):
Non-controlled, non-affiliated investments	$	123,823	$	1,847
Non-controlled, affiliated investments	(23,156)		—
Foreign currency transactions	2,414		(584)
Total Net Realized Gain (Loss)	103,081		1,263
Total Net Realized and Change in Unrealized Gain (Loss)	$	(391,202)	$	(19,200)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(219,891)	$	78,132
Earnings Per Share - Basic and Diluted	$	(0.47)	$	0.33
Weighted Average Shares Outstanding - Basic and Diluted	464,266,454		235,351,119

_______________

(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.

Blue Owl Technology Finance Corp.

Consolidated Statements of Changes in Net Assets

(Amounts in thousands)

(Unaudited)


	Three Months Ended March 31,
	2026		2025
Increase (Decrease) in Net Assets Resulting from Operations
Net investment income (loss)	171,311		$	97,332
Net change in unrealized gain (loss)	(494,283)		(20,463)
Net realized gain (loss)	103,081		1,263
Net Increase (Decrease) in Net Assets Resulting from Operations	(219,891)		78,132
Distributions
Distributions declared from earnings	(184,579)		(72,507)
Net Decrease in Net Assets Resulting from Shareholders' Distributions	(184,579)		(72,507)
Capital Share Transactions
Repurchase of common shares	(50,184)		—
Reinvestment of distributions	18,509		37,945

Issuance of common shares in connection with the Mergers(1)	—		4,278,003
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions	(31,675)		4,315,948
Total Increase (Decrease) in Net Assets	(436,145)		4,321,573
Net Assets, at beginning of period	8,041,598		3,625,150
Net Assets, at End of Period	$	7,605,453	$	7,946,723

_______________

(1)Refer to “Note 13 — 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.

Blue Owl Technology Finance Corp.

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)


	For the Three Months Ended March 31,
	2026		2025
Cash Flows from Operating Activities
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(219,891)	$	78,132
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	(1,230,940)		(454,124)
Proceeds from investments and investment repayments, net	1,095,058		387,592
Net accretion/amortization of discount/premium on investments	(13,511)		(10,598)
Net change in unrealized (gain) loss on investments	490,703		20,742
Net change in interest rate swaps attributed to unsecured notes	9,221		12,689
Net change in unrealized (gain) loss on foreign currency forward contracts	(11,830)		—
Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies	15,489		(1,074)
Net realized (gain) loss on investments	(100,667)		(1,847)
Net realized (gain) loss on foreign currency transactions relating to investments	(2,160)		624

Payment-in-kind interest and dividends	(36,176)		(28,295)

Amortization of debt issuance costs	8,005		3,514

Cash acquired in the Merger	—		647,248
Changes in operating assets and liabilities:
(Increase) decrease in interest receivable	(7,218)		34,096
(Increase) decrease in dividend income receivable	(3,773)		(11,245)

(Increase) decrease in prepaid expenses and other assets	(165,352)		10,978
Increase (decrease) in management fee payable	5,462		1,189
Increase (decrease) in incentive fee payable	(39,966)		(417)
Increase (decrease) in payables to affiliate	(62)		384
Increase (decrease) in payable for investments purchased	1,281		(42,075)
Increase (decrease) in accrued expenses and other liabilities	9,069		(105,292)
Net cash provided by (used in) operating activities	(197,258)		542,221
Cash Flows from Financing Activities
Borrowings on debt	1,600,001		675,000
Payments on debt	(970,001)		(355,000)
Debt issuance costs	(10,079)		(12,646)


Repurchases of common stock	(50,184)		—
Cash distributions paid to shareholders	(167,240)		(105,560)
Net cash provided by (used in) financing activities	402,497		201,794
Net increase (decrease) in cash and restricted cash, including foreign cash	205,239		744,015
Cash and restricted cash, including foreign cash, beginning of period(1)	282,924		257,000
Cash and restricted cash, including foreign cash, end of period(1)	$	488,163	$	1,001,015

Blue Owl Technology Finance Corp.

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)


	For the Three Months Ended March 31,
	2026		2025
Supplemental and Non-Cash Information
Interest paid during the period	$	78,588	$	32,780
Distributions declared during the period	184,579		72,507
Reinvestment of distributions during the period	18,509		37,945
Distributions payable	184,579		—
Issuance of shares in connection with the merger(2)	—		4,278,003
Receivable for investments sold	9,194		—
Taxes, including excise tax, paid during the period	7,996		11,550

_______________

(1)The Company held no restricted cash in the periods presented.

(2)Refer to “Note 13 — Merger with Blue Owl Technology Finance Corp. II (“OTF II”)” for additional information on the Mergers.

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

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments(7)
Aerospace & Defense
Jeppesen Holdings, LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2032	$	44,089	—	$	43,758	$	43,317
ManTech International Corporation(3)(4)(9)	First lien senior secured loan	S+	4.50%		9/2029	76,601		—	76,646		75,644
Peraton Corp.(3)(9)	Second lien senior secured loan	S+	7.75%		2/2029	84,551		—	83,969		60,454
									204,373		179,415		2.4	%
Airlines
Accommodations Plus Technologies LLC(3)(4)(9)	First lien senior secured loan	S+	5.25%		5/2032	48,722		—	48,263		47,139
									48,263		47,139		0.6	%
Application Software
AI Titan Parent, Inc. (dba Prometheus Group)(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		8/2031	52,447		—	51,968		50,679
AlphaSense, Inc.(3)(4)(9)	First lien senior secured loan	S+	6.25%		6/2029	59,360		—	58,975		58,915
Anaplan, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		6/2029	123,430		—	123,430		120,653
Armstrong Bidco Limited(3)(4)(19)(31)	First lien senior secured GBP term loan	SA+	5.25%		6/2029	£	16,173	—	20,218		20,688
Arrow Borrower 2025, Inc. (dba AvidXchange)(3)(4)(9)	First lien senior secured loan	S+	4.25%		10/2032	36,960		—	36,782		35,851
Artifact Bidco, Inc. (dba Avetta)(3)(4)(9)	First lien senior secured loan	S+	4.15%		7/2031	34,579		—	34,438		34,233
Avalara, Inc.(3)(9)	First lien senior secured loan	S+	2.75%		3/2032	2,494		—	2,439		2,434
Boxer Parent Company Inc. (f/k/a BMC)(3)(9)	First lien senior secured loan	S+	3.00%		7/2031	15,325		—	15,196		14,171
BusinessSolver.com, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		12/2032	84,467		—	84,064		81,933
CALABRIO, INC.(3)(9)	First lien senior secured loan	S+	4.00%		11/2032	10,000		—	9,518		7,775
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		8/2027	76,270		—	75,733		71,542
CivicPlus, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	3.25%	2.75%	8/2030	106,053		—	105,588		102,983
Coupa Holdings, LLC(3)(4)(9)	First lien senior secured loan	S+	5.25%		2/2030	84,099		—	84,154		80,735
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(3)(4)(9)	Unsecured notes	S+		11.75%	6/2034	28,682		—	28,447		27,965
Dawn Bidco, LLC (dba Dayforce)(3)(9)	First lien senior secured loan	S+	3.00%		10/2032	2,500		—	2,401		2,362
Einstein Parent, Inc. (dba Smartsheet)(3)(4)(9)	First lien senior secured loan	S+	5.25%		1/2031	105,186		—	104,262		102,557
Gainsight, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.50%		7/2027	67,754		—	67,505		66,568
Granicus, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	2.00%	1/2031	3,983		—	3,969		3,933
Granicus, Inc.(3)(4)(9)	First lien senior secured delayed draw term loan	S+	3.00%	2.00%	1/2031	590		—	586		575

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
GS Acquisitionco, Inc. (dba insightsoftware)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		5/2028	54,929	—	54,891	52,928
Gusto, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		11/2030	46,280	—	46,119	45,818
IGT Holding IV AB (dba IFS)(3)(4)(9)(31)	First lien senior secured loan	S+	3.00%		9/2031	4,000	—	3,930	3,960
Infobip Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	5.50%		6/2029	67,196	—	66,365	66,020
Jawbreaker Parent, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.75%		1/2033	83,970	—	83,520	82,501
JS Parent, Inc. (dba Jama Software)(3)(4)(9)	First lien senior secured loan	S+	4.75%		4/2031	26,943	—	26,896	26,875
Lighthouse Buyer, Inc. (dba Harbor Compliance)(3)(4)(11)	First lien senior secured loan	S+	4.50%		12/2031	16,438	—	16,280	15,985
Magnet Forensics, LLC (f/k/a Grayshift, LLC)(3)(4)(8)(31)	First lien senior secured loan	S+	4.50%		7/2028	174,559	—	174,623	174,559
Ministry Brands Holdings, LLC(3)(4)(8)	First lien senior secured loan	S+	5.50%		12/2028	8,119	—	8,045	7,854
Ministry Brands Holdings, LLC(3)(4)(12)(22)	First lien senior secured revolving loan	P+	4.50%		12/2027	61	—	57	37
Simpler Postage, Inc. (dba Easypost)(3)(4)(8)(22)	First lien senior secured loan	S+	8.00%		6/2029	72,654	—	70,463	68,637
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		3/2029	12,891	—	12,778	12,525
VCI Asset Holdings 1 LLC(3)(4)(6)(31)	First lien senior secured loan	N/A	10.00%		11/2030	117,239	—	116,134	120,756
Velocity HoldCo III Inc. (dba VelocityEHS)(3)(4)(9)	First lien senior secured loan	S+	5.50%		5/2029	71,310	—	71,307	69,883
XPLOR T1, LLC(3)(4)(9)	First lien senior secured loan	S+	3.50%		12/2032	18,308	—	18,219	16,981
Zendesk, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		11/2028	180,561	—	179,587	174,241
								1,858,887	1,826,112	24.0	%




Beverages
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8)	First lien senior secured loan	S+	6.25%		3/2027	1,709	—	1,696	1,705
								1,696	1,705	—	%
Building Products
EET Buyer, Inc. (dba e-Emphasys)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		11/2027	74,655	—	74,425	73,512
								74,425	73,512	1.0	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Buildings & Real Estate
Associations, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	6.50%		7/2028	142,934		—	142,834	142,934
Associations Finance, Inc.(3)(4)(6)	Unsecured notes	N/A		14.25%	5/2030	47,420		—	47,325	47,420
									190,159	190,354	2.5	%
Capital Markets
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		6/2030	19,780		—	19,612	19,780
Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)(3)(4)(8)	First lien senior secured loan	S+	5.50%		8/2032	86,148		—	84,918	84,209
									104,530	103,989	1.4	%
Commercial Services & Supplies
Sentinel Buyer Corp. (dba SimpliSafe)(3)(4)(8)	First lien senior secured loan	S+	5.00%		11/2032	23,856		—	23,624	23,498


									23,624	23,498	0.3	%
Construction & Engineering
Dodge Construction Network LLC(3)(9)	First lien senior secured loan	S+	6.25%		1/2029	4,341		—	4,276	4,292
Dodge Construction Network LLC(3)(9)	First lien senior secured loan	S+	4.75%		2/2029	6,019		—	5,070	4,457
Pike Corp.(4)(8)	First lien senior secured loan	S+	4.50%		12/2032	25,691		—	25,567	25,563
									34,913	34,312	0.5	%
Consumer Finance
Klarna Holding AB(3)(4)(9)(31)	Subordinated floating rate notes	S+	7.00%		4/2034	65,334		—	65,358	65,007
									65,358	65,007	0.9	%
Diversified Consumer Services
Eagan Parent, Inc. (dba Elite)(3)(4)(9)	First lien senior secured loan	S+	4.25%		9/2032	23,675		—	23,564	23,379
Icefall Parent, Inc. (dba EngageSmart)(3)(4)(9)	First lien senior secured loan	S+	4.50%		1/2030	30,068		—	30,068	29,692
Litera Bidco LLC(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		5/2028	187,286		—	186,806	183,958
Themis Solutions Inc. (dba Clio)(3)(4)(8)(31)	First lien senior secured loan	S+	1.75%	3.75%	10/2032	81,364		—	80,603	79,127

									321,041	316,156	4.2	%
Diversified Financial Services
Blackhawk Network Holdings, Inc.(3)(8)	First lien senior secured loan	S+	3.50%		3/2029	89,272		—	89,272	88,005
BTRS Holdings Inc. (dba Billtrust)(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		12/2028	155,325		—	155,079	151,323
Computer Services, Inc. (dba CSI)(3)(4)(9)	First lien senior secured loan	S+	4.50%		11/2031	228,580		—	228,371	224,580
Deerfield Dakota Holdings(3)(4)(9)	First lien senior secured loan	S+	3.00%	2.75%	9/2032	127,996		—	127,402	127,356
Deerfield Dakota Holdings(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.25%		9/2032	2,370		—	2,315	2,311
Hg Genesis 8 Sumoco Limited(3)(4)(19)(31)	Unsecured facility	SA+	7.50%		9/2027	£	4,284	—	5,558	5,649
Hg Genesis 9 SumoCo Limited(3)(4)(14)(31)	Unsecured facility	E+	6.00%		3/2029	€	43,233	—	47,081	49,813
Hg Saturn Luchaco Limited(3)(4)(19)(31)	Unsecured facility	SA+		8.25%	3/2027	£	46,076	—	58,881	60,760

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(8)	First lien senior secured loan	S+	5.00%		6/2030	186,036		—	185,279	185,571
ML Holdco, Inc. (dba Meridian Link)(3)(4)(9)	First lien senior secured loan	S+	4.50%		10/2032	106,139		—	105,638	102,954
NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8)	First lien senior secured loan	S+	4.50%		9/2028	24,042		—	24,019	23,682
Smarsh Inc.(3)(4)(9)(22)	First lien senior secured revolving loan	S+	4.75%		2/2029	90,770			90,485	87,142

									1,119,380	1,109,146	14.6	%
Diversified Support Services
CoreTrust Purchasing Group LLC(3)(4)(8)	First lien senior secured loan	S+	5.25%		10/2029	34,400		—	34,419	34,314
									34,419	34,314	0.5	%
Entertainment
Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(9)(31)	First lien senior secured loan	S+	5.25%		7/2031	197,055		—	196,078	197,055
									196,078	197,055	2.6	%
Equity Real Estate Investment Trusts (REITs)
Storable, Inc.(3)(8)	First lien senior secured loan	S+	3.25%		4/2031	9,901		—	9,870	9,461
Storable Intermediate Holdings, LLC(3)(4)(8)	First lien senior secured loan	S+		6.00%	4/2032	111,702		—	111,241	106,396
									121,111	115,857	1.5	%
Food & Staples Retailing
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(3)(4)(9)	First lien senior secured loan	S+	4.25%		12/2029	187,088		—	187,027	185,685
									187,027	185,685	2.4	%
Health Care Equipment & Supplies
Cambrex Corporation(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		3/2032	45,854		—	45,422	45,730

Packaging Coordinators Midco, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		10/2032	146,580		—	144,872	145,109
Packaging Coordinators Midco, Inc.(3)(4)(19)	First lien senior secured delayed draw term loan	SA+	5.00%		10/2032	£	12,415	—	16,323	16,208
PerkinElmer U.S. LLC(3)(4)(8)	First lien senior secured loan	S+	4.75%		3/2029	75,065		—	74,632	74,878
									281,249	281,925	3.7	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Health Care Providers & Services
Bristol Hospice L.L.C.(3)(4)(8)	First lien senior secured loan	S+	5.00%		8/2032	18,212		—	18,123	18,212
Covetrus, Inc.(3)(4)(9)	Second lien senior secured loan	S+	9.25%		10/2030	75,000		—	73,589	75,000
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)(3)(4)(21)(22)(31)	First lien senior secured delayed draw term loan	C+	5.00%		1/2033	C$	56,107	—	40,204	39,984
Engage Debtco Limited(3)(4)(9)(31)	First lien senior secured loan	S+	3.08%	2.75%	7/2029	21,408		—	21,009	19,588

KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2029	135,612		—	134,682	134,595
Natural Partners, LLC(3)(4)(9)(31)	First lien senior secured loan	S+	4.50%		11/2030	21,827		—	21,749	21,827
PetVet Care Centers, LLC(3)(4)(8)	First lien senior secured loan	S+	6.00%		11/2030	76,734		—	74,663	69,061
PetVet Care Centers, LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.00%		11/2029	2,149		—	1,907	1,075
Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9)	First lien senior secured loan	S+	5.00%		9/2031	8,798		—	8,784	8,798
Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9)	First lien senior secured loan	S+	4.75%		9/2031	15,084		—	14,946	15,046
Vermont Aus Pty Ltd(3)(4)(17)(31)	First lien senior secured AUD term loan	B+	4.50%		3/2028	A$	12,808	—	8,458	8,729



									418,114	411,915	5.4	%
Health Care Technology

BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(9)	First lien senior secured loan	S+	5.75%		8/2028	124,512		—	123,699	123,267
BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.75%		8/2028	34,741		—	34,431	34,361
Color Intermediate, LLC (dba ClaimsXten)(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2029	47,307		—	47,338	46,479
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		8/2031	156,775		—	156,571	155,938
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22)	First lien senior secured delayed draw term loan	S+	4.75%		8/2031	41,677		—	41,454	41,242
GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)	First lien senior secured loan	S+	6.00%		10/2028	26,608		—	26,362	24,745
Greenway Health, LLC(3)(4)(9)	First lien senior secured loan	S+	6.75%		4/2029	18,670		—	18,468	17,923
GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	6.00%		10/2027	885		—	873	730
Himalaya Topco LLC (dba HealthEdge)(3)(4)(9)	First lien senior secured loan	S+	2.75%	2.25%	6/2032	94,929		—	94,043	93,268
Himalaya Topco LLC (dba HealthEdge)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	4.75%		6/2032	2,257		—	2,124	2,003
Hyland Software, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		9/2030	147,920		—	147,965	143,483
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)	First lien senior secured loan	S+	4.00%	2.50%	12/2030	137,236		—	135,638	132,433

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)	First lien senior secured delayed draw term loan	S+	6.00%		12/2030	2,085		—	2,084	2,012
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.00%		6/2030	9,906		—	9,764	9,450
Inovalon Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	2.75%	2.75%	11/2028	194,550		—	194,327	187,254
Inovalon Holdings, Inc.(3)(4)(9)	Second lien senior secured loan	S+		8.50%	11/2033	79,585		—	79,585	69,438
Interoperability Bidco, Inc. (dba Lyniate)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		3/2028	115,436		—	114,918	113,891
Modernizing Medicine, Inc. (dba ModMed)(3)(4)(9)	First lien senior secured loan	S+	2.50%	2.25%	4/2032	148,121		—	146,818	147,381
Neptune Holdings, Inc. (dba NexTech)(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2030	10,781		—	10,768	10,566
RL Datix Holdings (USA), Inc.(3)(4)(10)	First lien senior secured loan	S+	5.00%		4/2031	104,855		—	104,856	103,020
RL Datix Holdings (USA), Inc.(3)(4)(19)	First lien senior secured GBP term loan	SA+	5.00%		4/2031	£	48,558	—	65,531	62,912
Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9)	First lien senior secured loan	S+	5.75%		8/2031	94,453		—	94,321	94,217


									1,651,938	1,616,013	21.2	%



Household Durables
BCTO BSI Buyer, Inc. (dba Buildertrend)(3)(4)(9)	First lien senior secured loan	S+	5.75%		12/2028	73,593		—	73,443	72,305
									73,443	72,305	1.0	%
Industrial Conglomerates
Aptean Acquiror, Inc. (dba Aptean)(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		1/2031	17,189		—	17,113	16,606
QAD, Inc.(3)(4)(8)	First lien senior secured loan	S+	4.75%		11/2027	87,033		—	87,033	85,728

									104,146	102,334	1.3	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Insurance
AmeriLife Holdings LLC(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		8/2029	45,599		—	45,426	45,141
AmeriLife Holdings LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		8/2028	816		—	799	767
Diamond Insure Bidco (dba Acturis)(3)(4)(14)(31)	First lien senior secured EUR term loan	E+	3.75%		7/2031	€	8,121	—	8,682	9,193
Diamond Insure Bidco (dba Acturis)(3)(4)(19)(31)	First lien senior secured GBP term loan	SA+	4.00%		7/2031	£	23,925	—	30,542	30,998
Galway Borrower LLC(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	4.50%		9/2028	461		—	460	461
Integrity Marketing Acquisition, LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		8/2028	90,746		—	90,560	90,746
Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)(3)(4)(9)(22)	First lien senior secured loan	S+	4.50%		11/2032	3,371		—	3,354	3,334
One, Inc. Software Corporation(3)(4)(9)	First lien senior secured loan	S+	4.50%		12/2032	144,280		—	143,584	142,838
Simplicity Financial Marketing Group Holdings, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		12/2031	17,339		—	17,192	17,252
Trucordia Insurance Holdings, LLC(3)(4)(8)	Second lien senior secured loan	S+	5.75%		6/2033	60,500		—	59,929	58,836




									400,528	399,566	5.3	%
Internet & Direct Marketing Retail
Aurelia Netherlands B.V.(3)(4)(14)(31)	First lien senior secured EUR term loan	E+	4.75%		5/2031	€	64,942	—	73,397	74,826
									73,397	74,826	1.0	%
IT Services
Flexera Software LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2032	20,995		—	20,946	20,470
Flexera Software LLC(3)(4)(13)	First lien senior secured EUR term loan	E+	4.50%		8/2032	€	5,300	—	6,193	5,954
Kaseya Inc.(3)(8)	First lien senior secured loan	S+	3.25%		3/2032	69,300		—	69,028	64,539
Kaseya Inc.(3)(8)	Second lien senior secured loan	S+	5.00%		3/2033	19,884		—	19,815	15,724
NSCALE SERVICES UK LTD(3)(4)(9)(22)(31)	First lien senior secured delayed draw term loan	S+	5.00%		2/2031	8,278		—	5,278	5,278
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)	First lien senior secured loan	S+	2.50%	2.25%	10/2031	94,578		—	93,583	91,031
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22)	First lien senior secured delayed draw term loan	S+	4.75%		10/2031	4,697		—	4,551	4,040
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.50%		10/2031	3,119		—	3,006	2,680
Spaceship Purchaser, Inc. (dba Squarespace)(3)(4)(9)	First lien senior secured loan	S+	3.75%		10/2031	132,934		—	132,934	131,272
									355,334	340,988	4.5	%
Life Sciences Tools & Services

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Bamboo US BidCo LLC(3)(4)(14)	First lien senior secured EUR term loan	E+	5.00%		9/2030	€	15,501	—	16,679	17,860
Bamboo US BidCo LLC(3)(4)(9)	First lien senior secured delayed draw term loan	S+	5.00%		9/2030	35,564		—	35,525	35,564
Bracket Intermediate Holding Corp.(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2031	36,425		—	36,078	35,697
Commander Buyer, Inc. (dba CenExel)(3)(4)(8)	First lien senior secured loan	S+	4.50%		6/2032	32,967		—	32,795	32,802
Creek Parent, Inc. (dba Catalent)(3)(4)(8)	First lien senior secured loan	S+	5.00%		12/2031	173,140		—	171,542	171,841

									292,619	293,764	3.9	%
Media
Monotype Imaging Holdings Inc.(3)(4)(8)	First lien senior secured loan	S+	5.25%		2/2031	128,342		—	128,050	125,775
									128,050	125,775	1.7	%
Multiline Retail
PDI TA Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	2.50%	2/2031	26,964		—	26,693	25,751
PDI TA Holdings, Inc.(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.50%		2/2031	2,112		—	2,092	2,010
									28,785	27,761	0.4	%
Pharmaceuticals
Foundation Consumer Brands, LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		2/2029	19,864		—	19,782	19,814
Pacific BidCo Inc.(3)(4)(10)(31)	First lien senior secured delayed draw term loan	S+	5.75%		8/2029	10,149		—	9,996	9,997

									29,778	29,811	0.4	%
Professional Services
BCTO WIW Holdings, Inc. (dba When I Work)(3)(4)(6)	Senior convertible notes	N/A		5.50%	8/2030	—		4,739,604	4,694	4,694
Certinia Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2031	231,597		—	231,255	225,228
CloudPay, Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	7.50%		7/2029	24,500		—	24,277	23,643
Cornerstone OnDemand, Inc.(3)(4)(8)	Second lien senior secured loan	S+	6.50%		10/2029	71,667		—	71,090	48,733
Gerson Lehrman Group, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.25%		12/2028	37,696		—	37,568	37,036

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Proofpoint, Inc.(3)(9)	First lien senior secured loan	S+	3.00%		8/2028	3,127		—	3,119	3,023
Proofpoint, Inc.(3)(4)(14)	Second lien senior secured loan	E+	5.75%		12/2033	€	57,750	—	65,267	63,046
Proofpoint, Inc.(3)(4)(9)	Second lien senior secured loan	S+	5.75%		12/2033	66,014		—	65,354	62,548
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9)	First lien senior secured loan	S+	6.50%		5/2028	68,351		—	68,367	68,351
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14)	First lien senior secured EUR term loan	E+	6.75%		5/2028	€	11,714	—	12,668	13,497
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.50%		5/2028	369		—	369	369
Sovos Compliance, LLC(3)(8)	First lien senior secured loan	S+	3.25%		8/2029	19,158		—	19,158	18,153
Thunder Purchaser, Inc. (dba Vector Solutions)(3)(4)(9)	First lien senior secured loan	S+	5.25%		6/2028	138,010		—	137,465	135,250
TK Operations Ltd (dba Travelperk, Inc.)(3)(4)(6)(31)	First lien senior secured loan	N/A		11.50%	5/2029	55,451		—	52,890	56,837
Vestwell Holdings Inc.(3)(4)(9)	First lien senior secured loan	S+		7.00%	1/2031	87,591		—	86,739	84,088


									880,280	844,496	11.1	%
Real Estate Management & Development
Conservice Midco, LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		2/2033	212,443		—	211,918	211,912
RealPage, Inc.(3)(9)	First lien senior secured loan	S+	3.75%		4/2028	34,650			34,518	33,572
RealPage, Inc.(3)(9)	First lien senior secured loan	S+	3.00%		4/2028	1,323		—	1,304	1,265
									247,740	246,749	3.2	%
Specialty Retail
McQueen Bidco PTY LTD. (dba Infomedia)(3)(4)(9)(31)	First lien senior secured loan	S+	4.50%		12/2032	77,652		—	77,652	76,487
OECONNECTION LLC(3)(4)(8)	First lien senior secured loan	S+	4.50%		12/2032	37,471		—	37,289	36,816
									114,941	113,303	1.5	%

Systems Software
Acquia Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		10/2026	188,298		—	188,101	183,120
Activate Holdings (US) Corp. (dba Absolute Software)(3)(4)(9)(31)	First lien senior secured loan	S+	5.25%		7/2030	53,849		—	53,864	52,771
Appfire Technologies, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		3/2028	7,162		—	7,164	6,872
Arctic Wolf Networks, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.75%		2/2030	88,384		—	87,640	86,396
Arctic Wolf Networks, Inc.(3)(4)(6)	Senior convertible notes	N/A		3.00%	11/2030	132,871		—	190,375	190,375
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(3)(4)(8)	First lien senior secured loan	S+	6.00%		3/2031	94,049		—	93,239	91,699
Barracuda Parent, LLC(3)(9)	First lien senior secured loan	S+	4.50%		8/2029	22,741		—	20,555	14,384
Barracuda Parent, LLC(3)(9)	Second lien senior secured loan	S+	7.00%		8/2030	55,875		—	45,211	18,143

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Barracuda Parent, LLC(3)(4)(9)	First lien senior secured loan	S+	6.50%		8/2029	20,442		—	19,961	14,463
Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)	First lien senior secured loan	S+	2.50%	3.00%	10/2028	159,208		—	159,233	156,024
Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		10/2027	3,257		—	3,238	2,994
Circle Internet Services, Inc.(4)(29)	Subordinated convertible security	N/A			N/A	—		758,882	759	759
Clover Holdings 2, LLC (dba Cohesity)(3)(8)	First lien senior secured loan	S+	3.75%		12/2031	—		—	3,225	3,180
ConnectWise, LLC(3)(9)	First lien senior secured loan	S+	3.50%		9/2028	9,051		—	8,877	8,334
Crewline Buyer, Inc. (dba New Relic)(3)(4)(9)	First lien senior secured loan	S+	6.75%		11/2030	213,236		—	211,200	207,905
Databricks, Inc.(3)(4)(8)	First lien senior secured loan	S+	4.50%		1/2032	114,694		—	114,694	114,694
Delinea Buyer, Inc. (f/k/a Centrify)(3)(4)(9)	First lien senior secured loan	S+	4.25%		3/2030	144,668		—	144,198	144,190
Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(8)	First lien senior secured loan	S+	2.75%		11/2029	7,481		—	7,209	7,225
Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(8)	Second lien senior secured loan	S+	5.25%		11/2030	30,000		—	29,976	26,199
Forescout Technologies, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		5/2032	154,184		—	153,731	150,715
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(3)(4)(8)(31)	First lien senior secured loan	S+	6.50%		4/2028	120,041		—	119,803	118,540
LogRhythm, Inc.(3)(4)(9)	First lien senior secured loan	S+	7.50%		7/2029	4,750		—	4,648	4,038
Matterhorn Finco, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.50%		3/2033	189,561		—	188,621	188,613
Securonix, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	3.75%	4/2029	41,467		—	39,267	33,381
Sitecore Holding III A/S(3)(4)(15)	First lien senior secured EUR term loan	E+	6.50%		3/2029	€	128,743	—	137,796	143,888
Sitecore Holding III A/S(3)(4)(10)	First lien senior secured loan	S+	6.50%		3/2029	22,321		—	22,283	21,652
Sitecore USA, Inc.(3)(4)(10)	First lien senior secured loan	S+	6.50%		3/2029	134,404		—	134,174	130,372

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Sophos Holdings, LLC(3)(8)(31)	First lien senior secured loan	S+	3.50%		3/2027	14,426		14,440		13,701
Talon MidCo 2 Limited(3)(4)(8)(31)	First lien senior secured loan	S+	4.93%		8/2028	35,537		35,530		34,738
Tricentis Operations Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	2.75%	3.25%	2/2032	118,073		117,110		113,940
								2,356,122		2,283,305		30.0	%
Wireless Telecommunication Services
CCI BUYER, INC. (dba Consumer Cellular)(3)(4)(9)	First lien senior secured loan	S+	5.00%		5/2032	74,723	—	74,031		74,536
								74,031		74,536		1.0	%

Total non-controlled/non-affiliated debt investments								$	12,095,779	$	11,842,628	155.7	%
Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)								$	(4,950)	$	(21,416)	(0.3)	%
Total non-controlled/non-affiliated portfolio company debt investments								$	12,090,829	$	11,821,212	155.4	%

Equity Investments
Aerospace & Defense
Space Exploration Technologies Corp.(3)(4)(29)(30)	Class A Common Stock	N/A			N/A	—	209,655	9,466		110,402
Space Exploration Technologies Corp.(3)(4)(29)(30)	Class C Common Stock	N/A			N/A	—	42,125	2,242		22,183
								11,708		132,585		1.7	%
Application Software
6Sense Insights, Inc.(3)(4)(29)(30)	Series E-1 Preferred Stock	N/A			N/A	—	1,580,642	48,102		30,731
Alpha Partners Technology Merger Corp(29)(30)(31)	Common stock	N/A			N/A	—	30,000	1,000		312
Alpha Partners Technology Merger Corp(29)(30)(31)	Warrants	N/A			N/A	—	666,666	—		107
AlphaSense, LLC(3)(4)(29)(30)	Series E Preferred Shares	N/A			N/A	—	1,422,042	13,176		21,691
Bird Holding B.V. (fka MessageBird Holding B.V.)(3)(4)(29)(30)(31)	Extended Series C Warrants	N/A			N/A	—	191,530	1,174		141
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(3)(4)(6)(30)	Preferred Stock	N/A		10.50%	N/A	—	15,000	24,743		22,981
EShares, Inc. (dba Carta)(4)(29)(30)	Series E Preferred Stock	N/A			N/A	—	186,904	2,008		4,547
Harvey AI Corporation(3)(4)(29)(30)	Series F Preferred Stock	N/A			N/A	—	610,456	15,250		15,250
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	2,292	—	2,292		2,378
Nylas, Inc.(4)(29)(30)	Series C Preferred Stock	N/A			N/A	—	2,088,467	15,009		1,662
Project Alpine Co-Invest Fund, LP(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	13,333	—	16,381		14,525
Saturn Ultimate, Inc.(3)(4)(29)(30)	Common stock	N/A			N/A	—	5,580,593	25,008		17,530
Simpler Postage, Inc. (dba Easypost)(3)(4)(29)(30)	Warrants	N/A			N/A	—	216,891	2,635		2,218
Valor Cl Blocker Feeder LP(3)(4)(22)(29)(30)(31)	LP Interest	N/A			N/A	2,160	—	3,702		3,615
VCI Intermediate TopCo 1 LLC(3)(4)(29)(30)(31)	Class B Units	N/A			N/A	6,170	—	5,951		5,888

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Zoro TopCo, L.P.(3)(4)(29)(30)	Class A Common Units	N/A			N/A	—	1,644,254	17,739	13,271
Zoro TopCo, Inc.(3)(4)(9)(30)	Series A Preferred Equity	S+		9.50%	N/A	—	6,519	7,291	6,995
								201,461	163,842	2.2	%
Capital Markets
Acorns Grow Incorporated(3)(4)(6)(30)(31)	Series F Preferred Stock	N/A		5.00%	N/A	—	572,135	11,969	13,622
								11,969	13,622	0.2	%
Commercial Services & Supplies
Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30)	Class A Units	N/A			N/A	—	1,157	1,157	1,157
Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30)	Class B Units	N/A			N/A	—	1,156,728	—	—
								1,157	1,157	—	%
Construction & Engineering
Dodge Construction Network Holdings, L.P.(3)(4)(29)(30)	Class A-2 Common Units	N/A			N/A	—	3,333,333	2,841	285
Dodge Construction Network Holdings, L.P.(3)(4)(6)(30)	Series A Preferred Units	N/A		8.25%	N/A	—	—	69	42
								2,910	327	—	%
Diversified Consumer Services
Capital Integration Systems LLC (dba CAIS)(3)(4)(29)(30)	Class D Common Units	N/A			N/A	—	6,372	5,000	5,000
SLA Eclipse Co-Invest, L.P.(29)(30)(31)	LP Interest	N/A			N/A	15,000	—	15,308	18,767
								20,308	23,767	0.3	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Diversified Financial Services
Amergin Asset Management, LLC(3)(4)(29)(30)	Specialty finance equity investment	N/A			N/A	—	50,000,000	783	1,969
Brex, Inc.(3)(4)(29)(30)	Class A Units	N/A			N/A	—	1,358,335	9,997	9,419
Brex, Inc.(4)(29)(30)	Preferred Stock	N/A			N/A	—	143,943	5,012	4,500
Juniper Square, Inc.(3)(4)(29)(30)	Warrants	N/A			N/A	—	40,984	2,128	1,150
Plaid Inc.(3)(4)(29)(30)	Class A Common Stock	N/A			N/A	—	26,998	7,625	7,625
								25,545	24,663	0.3	%
Health Care Equipment & Supplies
KPCI Co-Invest 2, L.P.(3)(4)(29)(30)(31)	Class A Units	N/A			N/A	—	587,621	5,876	5,252
								5,876	5,252	0.1	%

Health Care Technology
BEHP Co-Investor II, L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	2,540	—	570	2,555
Minerva Holdco, Inc.(3)(4)(6)(30)	Senior A Preferred Stock	N/A		10.75%	N/A	—	100,000	153,325	150,403
ModMed Software Midco Holdings, Inc. (dba ModMed)(3)(4)(6)(30)	Series A Preferred Units	N/A		13.00%	N/A	—	32,375	34,437	34,453
Orange Blossom Parent, Inc.(3)(4)(29)(30)	Common Units	N/A			N/A	—	16,667	1,665	1,352
WP Irving Co-Invest, L.P.(3)(4)(29)(30)(31)	Partnership Units	N/A			N/A	—	2,500,000	1,637	2,515
								191,634	191,278	2.5	%
Health Care Providers & Services
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(29)(30)	Class A Interest	N/A			N/A	—	317	3,521	4,180
Polar Investors LP (dba Dentalcorp)(3)(4)(22)(29)(30)(31)	Common Equity	N/A			N/A	1,670	—	1,670	1,671
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(3)(4)(6)(30)	Series A Preferred Stock	N/A		15.00%	N/A	—	13,257	11,908	10,147
								17,099	15,998	0.2	%



Insurance
Accelerate Topco Holdings, LLC(3)(4)(29)(30)	Common Units	N/A			N/A	—	12,822	612	482
								612	482	—	%
Internet & Direct Marketing Retail
Kajabi Holdings, LLC(4)(29)(30)	Senior Preferred Class D Units	N/A			N/A	—	4,126,175	50,025	36,136
Linked Store Cayman Ltd. (dba Nuvemshop)(3)(4)(29)(30)(31)	Series E Preferred Stock	N/A			N/A	—	19,499	42,496	32,429
								92,521	68,565	0.9	%
IT Services
JumpCloud, Inc.(4)(29)(30)	Series B Preferred Stock	N/A			N/A	—	756,590	4,531	356
JumpCloud, Inc.(4)(29)(30)	Series F Preferred Stock	N/A			N/A	—	6,679,245	40,017	25,897
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(3)(4)(10)(30)	Perpetual Preferred Stock	S+		10.75%	N/A	—	44,100	61,570	48,151
Nscale Global Holdings Limited(3)(4)(29)(30)(31)	Preferred equity	N/A			N/A	—	6,817	7,507	8,341
Nscale Global Holdings Limited(3)(4)(29)(30)(31)	Series B Preferred Shares	N/A			N/A	—	13,174	5,005	14,507

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Replicated, Inc.(4)(29)(30)	Series C Preferred Stock	N/A			N/A	—	1,277,832	20,008	4,614
WMC Bidco, Inc. (dba West Monroe)(3)(4)(6)(30)	Senior Preferred Stock	N/A		11.25%	N/A	—	57,231	92,455	90,829
								231,093	192,695	2.5	%
Life Sciences Tools & Services
Baypine Commander Co-Invest, LP(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	1,807	—	1,818	1,979
								1,818	1,979	—	%
Pharmaceuticals
XOMA Corporation(3)(4)(29)(30)	Warrants	N/A			N/A	—	24,000	174	291
								174	291	—	%
Professional Services
CloudPay, Inc.(3)(4)(6)(30)(31)	Series E Preferred Stock	N/A		13.50%	N/A	—	87,370	23,425	21,953
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(3)(4)(6)(30)	Series A Preferred Stock	N/A		10.50%	N/A	—	28,000	42,726	24,680
Thunder Topco L.P. (dba Vector Solutions)(3)(4)(29)(30)	Common Units	N/A			N/A	—	7,857,410	7,857	8,258
TravelPerk, Inc.(3)(4)(29)(30)(31)	Warrants	N/A			N/A	—	259,807	4,447	3,049
Vestwell Holdings Inc.(3)(4)(29)(30)	Series D Preferred Stock	N/A			N/A	—	304,350	6,022	6,078
Vestwell Holdings Inc.(3)(4)(6)(30)	Series E Preferred Stock	N/A			N/A	—	1,215,043	37,022	35,156
Vestwell Holdings Inc.(3)(4)(29)(30)	Warrants	N/A			N/A	—	95,629	—	1,452
								121,499	100,626	1.3	%
Road & Rail
Bolt Technology OÜ(4)(29)(30)(31)	Preferred Stock	N/A			N/A	—	43,478	11,318	9,182
								11,318	9,182	0.1	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Systems Software
Algolia, Inc.(4)(29)(30)	Series C Preferred Stock	N/A			N/A	—	970,281	10,000		12,460
Algolia, Inc.(4)(29)(30)	Series D Preferred Stock	N/A			N/A	—	136,776	4,000		3,027
Arctic Wolf Networks, Inc.(4)(29)(30)	Preferred Stock	N/A			N/A	—	3,032,840	25,036		24,722
Axonius, Inc.(4)(29)(30)	Series E Preferred Stock	N/A			N/A	—	1,733,274	8,149		8,687
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(3)(4)(29)(30)	Common Units	N/A			N/A	—	12,692,160	12,692		18,169
Chrome Investors LP(3)(4)(22)(30)(31)	LP Interest	N/A			N/A	16,407	—	16,417		16,412
Circle Internet Services, Inc.(4)(29)(30)	Warrants	N/A			N/A	—	113,832	6		86
Circle Internet Services, Inc.(4)(29)(30)	Series D Preferred Stock	N/A			N/A	—	2,934,961	15,000		7,838
Circle Internet Services, Inc.(4)(29)(30)	Series E Preferred Stock	N/A			N/A	—	821,806	6,917		3,507
Circle Internet Services, Inc.(4)(29)(30)	Series F Preferred Stock	N/A			N/A	—	75,876	1,500		754
Elliott Alto Co-Investor Aggregator L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	14,627	—	21,934		28,808
Excalibur CombineCo, L.P.(3)(4)(29)(30)	Class A Units	N/A			N/A	—	97,502	99,452		30,372
Halo Purchaser, LLC(3)(4)(6)(30)	Class B PIK Preferred Equity	N/A		6.00%	N/A	—	45,000	53,095		41,752
Halo Purchaser, LLC(3)(4)(29)(30)	Class E Warrant Units	N/A			N/A	—	67,301	1,686		610
HARNESS INC.(4)(29)(30)(32)	Series D Preferred Stock	N/A			N/A	—	1,022,648	9,169		10,469
Illumio, Inc.(4)(29)(30)	Common stock	N/A			N/A	—	358,365	2,432		1,470
Illumio, Inc.(4)(29)(30)	Series F Preferred Stock	N/A			N/A	—	2,483,618	16,684		14,757
Project Hotel California Co-Invest Fund, L.P.(3)(29)(30)(31)	LP Interest	N/A			N/A	10,739	—	14,721		10,419
Veeam Software Group(3)(4)(29)(30)	Series C Preferred Shares	N/A			N/A	—	7,402,296	54,830		50,025
VEPF VIII Co-Invest 8-A, L.P.(3)(4)(29)(30)	Limited Partner Interest	N/A			N/A	5,401	—	5,401		5,401
								379,121		289,745		3.8	%
Thrifts & Mortgage Finance
Blend Labs, Inc.(3)(4)(29)(30)	Warrants	N/A			N/A	—	299,215	1,625		3
								1,625		3		—	%
Total non-controlled/non-affiliated portfolio company equity investments								$	1,329,448	$	1,236,059	16.3	%
Total non-controlled/non-affiliated portfolio company investments								$	13,420,277	$	13,057,271	171.7	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Non-controlled/affiliated portfolio company investments
Debt Investments(7)
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(6)(24)(31)	Specialty finance debt investment	N/A		12.00%	7/2030	16,683	—	16,674		16,683
AAM Series 2.1 Aviation Feeder, LLC(3)(4)(6)(24)(31)	Specialty finance debt investment	N/A		12.00%	11/2030	21,317	—	21,325		21,317
								37,999		38,000		0.5	%
Insurance
Coherent Group Inc.(3)(4)(6)(24)(31)	Convertible notes	N/A		5.30%	3/2027	3,658	—	3,660		3,961
								3,660		3,961		0.1	%
Internet & Direct Marketing Retail
Walker Edison Furniture Company LLC(3)(4)(6)(22)(24)(28)(29)	First lien senior secured loan	N/A	10.00%		N/A	4,501	—	4,386		4,501
Walker Edison Furniture Company LLC(3)(4)(10)(22)(24)(28)(29)	First lien senior secured delayed draw term loan	S+	6.75%		N/A	2,180	—	1,979		66

								6,365		4,567		0.1	%
IT Services
Pluralsight, LLC(3)(4)(9)(24)	First lien senior secured loan	S+	3.00%	1.50%	8/2029	10,293	—	10,293		9,726
Pluralsight, LLC(3)(4)(8)(24)(28)(29)	First lien senior secured loan	S+		7.50%	8/2029	36,712	—	34,303		13,767
Pluralsight, LLC(3)(4)(8)(24)	First lien senior secured loan	S+	3.00%	1.50%	8/2029	20,585	—	20,585		19,453
								65,181		42,946		0.6	%
Total non-controlled/affiliated debt investments								$	113,205	$	89,474	1.2	%
Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)								—		(974)		—	%
Total non-controlled/affiliated portfolio company debt investments								$	113,205	$	88,500	1.2	%

Equity Investments
Asset Based Lending and Fund Finance
Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)(3)(5)(24)(26)(30)(31)(34)	Specialty finance equity investment	N/A			N/A	104,440	—	104,440		103,855
								104,440		103,855		1.4	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(22)(24)(29)(30)(31)	Specialty finance equity investment	N/A			N/A	7,601	—	9,412		9,236
AAM Series 2.1 Aviation Feeder, LLC(3)(4)(24)(29)(30)(31)	Specialty finance equity investment	N/A			N/A	8,583	—	11,137		12,826
								20,549		22,062		0.3	%
Insurance
Coherent Group Inc.(4)(24)(29)(30)(31)	Series B Preferred Shares	N/A			N/A	—	456,035	12,210		10,031
Fifth Season Investments LLC(3)(4)(24)(30)	Specialty finance equity investment	N/A			N/A	—	12	127,634		138,709
								139,844		148,740		2.0	%
Internet & Direct Marketing Retail
Signifyd Inc.(4)(6)(24)(30)	Preferred equity	N/A		9.00%	N/A	—	2,755,121	151,974		118,788

								151,974		118,788		1.6	%
IT Services
Paradigmatic Holdco LLC (dba Pluralsight)(3)(4)(24)(29)(30)	Common stock	N/A			N/A	—	10,119,090	26,850		—
								26,850		—		—	%
Pharmaceuticals
LSI Financing 1 DAC(3)(4)(24)(30)(31)	Specialty finance equity investment	N/A			N/A	6,748	—	7,043		6,757
LSI Financing LLC(3)(5)(22)(24)(30)(31)	Specialty finance equity investment	N/A			N/A	244,437	—	243,490		254,062
								250,533		260,819		3.4	%
Systems Software
Help HP SCF Investor, LP(3)(4)(24)(29)(30)	LP Interest	N/A			N/A	59,333	—	59,392		36,031

								59,392		36,031		0.5	%

Total non-controlled/affiliated portfolio company equity investments								$	753,582	$	690,295	9.1	%
Total non-controlled/affiliated portfolio company investments								$	866,787	$	778,795	10.2	%

Controlled/affiliated portfolio company investments
Equity Investments
Diversified Financial Services
Stripe Blue Owl Holdings LLC(3)(5)(24)(26)(29)(30)(31)	LLC Interest	N/A			N/A	17,493		17,493		21,715
Revolut Ribbit Holdings, LLC(4)(24)(29)(30)(31)	LLC Interest	N/A			N/A	—	122,996	75,305		177,405
								92,798		199,120		2.6	%
Joint ventures
Blue Owl Credit SLF LLC(3)(5)(24)(26)(30)(31)	LLC Interest	N/A			N/A	34,937	—	34,947		32,258
Blue Owl Leasing LLC(3)(5)(24)(26)(29)(30)(31)	LLC Interest	N/A			N/A	800	—	800		795

								35,747		33,053		0.4	%
Total controlled/affiliated portfolio company equity investments								$	128,545	$	232,173	3.1	%
Total controlled/affiliated portfolio company investments								$	128,545	$	232,173	3.1	%
Total Investments								$	14,415,609	$	14,068,239	185.0	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


	Interest Rate Swaps as of March 31, 2026
	Company Receives	Company Pays	Counterparty	Maturity Date	Notional Amount		Fair Value		Upfront Payments/Receipts		Unrealized Appreciation (Depreciation)(d)		Hedged Instrument	Footnote Reference

Interest rate swap(a)	6.75%	S + 2.56%	Goldman Sachs Bank USA	3/4/2029	$	700,000	$	8,848	$	—	$	8,848	April 2029 Notes	Notes 5 and 7
Interest rate swap(b)	6.10%	S + 1.77%	SMBC	2/15/2028	650,000		6,896		—		6,896		March 2028 Notes	Notes 5 and 7
Interest rate swap(c)	6.13%	S + 2.50%	Regions Bank	1/23/2031	400,000		(938)		—		(938)		January 2031 Notes	Notes 5 and 7
Total					$	1,750,000	$	14,806			$	14,806

(a) The Company has an International Swaps and Derivatives Association (“ISDA”) agreement with Goldman Sachs Bank USA.

(b) The Company has an ISDA agreement with SMBC Capital Markets, Inc.

(d) Amounts are presented in accordance with Regulation S-X 17 CFR § 210.12-13C. Refer to “Note 7 — Derivative Instruments” for additional details on the Company’s interest rate swaps.


	Forward Contracts as of March 31, 2026
	Notional Amount to be Purchased		Notional Amount to be Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)(a)
Foreign currency forward contract	$	197,076	£	147,230	Goldman Sachs Bank USA	4/20/2026	$	2,331
Foreign currency forward contract	16,717		£	12,500	SMBC	4/20/2026	183
Foreign currency forward contract	6,296		€	5,301	SMBC	7/17/2026	141
Foreign currency forward contract	334,694		€	282,460	Goldman Sachs Bank USA	7/17/2026	6,730
Foreign currency forward contract	66,778		€	57,071	SMBC	7/17/2026	523
Foreign currency forward contract	8,656		A$	12,910	Goldman Sachs Bank USA	4/20/2026	(249)
Foreign currency forward contract	1,071		C$	1,454	Goldman Sachs Bank USA	10/13/2026	18
Foreign currency forward contract	39,802		C$	54,652	Goldman Sachs Bank USA	10/13/2026	212
Total							$	9,889

(a) Amounts are presented in accordance with Regulation S-X 17 CFR § 210.12-13B. Refer to “Note 7 — Derivative Instruments” for additional details on the Company’s foreign currency forward contracts.

(1)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 30 for additional information on our restricted securities.

(2)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.

(3)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”.

(4)These investments were valued using unobservable inputs and are considered Level 3 investments.

(5)Investment measured at net asset value (“NAV”).

(6)Contains a fixed-rate structure.

(7)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-, six- or twelve-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include one-, three- or six-month EURIBOR), SONIA (“SONIA” or “SA”), Australian Bank Bill Swap Bid Rate (“BBSY” or “B”) (which can include one-, three-, or six-month BBSY) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

(8)The interest rate on these loans is subject to 1 month SOFR, which as of March 31, 2026 was 3.66%.

(9)The interest rate on these loans is subject to 3 month SOFR, which as of March 31, 2026 was 3.68%.

(10)The interest rate on these loans is subject to 6 month SOFR, which as of March 31, 2026 was 3.70%.

(11)The interest rate on these loans is subject to 12 month SOFR, which as of March 31, 2026 was 3.73%.

(12)The interest rate on these loans is subject to Prime, which as of March 31, 2026 was 6.75%.

(13)The interest rate on these loans is subject to 1 month EURIBOR, which as of March 31, 2026 was 1.89%.

(14)The interest rate on these loans is subject to 3 month EURIBOR, which as of March 31, 2026 was 2.08%.

(15)The interest rate on this loan is subject to 6 month EURIBOR, which as of March 31, 2026 was 2.48%.

(16)Reserved.

(17)The interest rate on this loan is subject to 3 month BBSY, which as of March 31, 2026 was 4.31%.

(18)Reserved.

(19)The interest rate on these loans is subject to SONIA, which as of March 31, 2026 was 3.73%.

(20)Reserved.

(21)The interest rate on these loans is subject to 3 month CORRA, which as of March 31, 2026 was 2.29%.

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

(22)Position or portion thereof is a partially unfunded debt or equity commitment. See below for more information on the Company’s commitments. See “Note 8 — Commitments and Contingencies”.


					Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment		Commitment		Fair Value(23)
Non-controlled/non-affiliated - 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	2,258		7,779		—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	6/2029	—		12,030		(90)
AmeriLife Holdings LLC	First lien senior secured delayed draw term loan	6/2026	4,297		197		—
AmeriLife Holdings LLC	First lien senior secured delayed draw term loan	2/2027	—		5,250		(39)
Appfire Technologies, LLC	First lien senior secured delayed draw term loan	6/2026	13		1,331		—
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured delayed draw term loan	2/2027	—		3,240		(97)
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured delayed draw term loan	7/2027	—		8,463		(42)
Associations, Inc.	First lien senior secured delayed draw term loan	7/2028	3,782		5,947		—
Associations, Inc.	First lien senior secured delayed draw term loan	2/2027	19,405		5,796		—
BCTO BSI Buyer, Inc. (dba Buildertrend)	First lien senior secured delayed draw term loan	1/2028	—		11,043		(138)
Bracket Intermediate Holding Corp.	First lien senior secured delayed draw term loan	10/2027	—		8,406		(126)
BusinessSolver.com, Inc.	First lien senior secured delayed draw term loan	12/2027	—		12,649		(348)
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)	First lien senior secured delayed draw term loan	6/2026	1,002		1,231		—
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)	First lien senior secured delayed draw term loan	1/2027	56		4,422		—
CivicPlus, LLC	First lien senior secured delayed draw term loan	5/2027	12,739		8,804		—
CivicPlus, LLC	First lien senior secured delayed draw term loan	12/2027	—		20,398		(459)
Commander Buyer, Inc. (dba CenExel)	First lien senior secured delayed draw term loan	6/2027	—		9,036		—
Computer Services, Inc. (dba CSI)	First lien senior secured delayed draw term loan	11/2027	—		26,448		(396)
Computer Services, Inc. (dba CSI)*	First lien senior secured delayed draw term loan	11/2027	—		—		—
CoreTrust Purchasing Group LLC	First lien senior secured delayed draw term loan	5/2026	—		1,602		—
Coupa Holdings, LLC	First lien senior secured delayed draw term loan	6/2027	—		7,643		(248)
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	7/2027	10,400		3,484		—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	8/2027	—		2,768		(27)

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	7/2027	2,502	10,758	—
Databricks, Inc.	First lien senior secured delayed draw term loan	1/2028	—	53,026	—
Eagan Parent, Inc. (dba Elite)	First lien senior secured delayed draw term loan	9/2027	—	5,919	(59)
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)	First lien senior secured delayed draw term loan	1/2028	1,045	6,246	—
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured delayed draw term loan	1/2027	7,617	1,909	—
Galway Borrower LLC	First lien senior secured delayed draw term loan	2/2028	—	1,535	—
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured delayed draw term loan	5/2027	—	5,225	(170)
Gusto, Inc.	First lien senior secured delayed draw term loan	11/2027	—	8,845	(88)
Himalaya Topco LLC (dba HealthEdge)	First lien senior secured delayed draw term loan	12/2027	—	12,896	(161)
Himalaya Topco LLC (dba HealthEdge)	First lien senior secured delayed draw term loan	6/2027	—	12,896	(161)
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	8/2026	—	5,781	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured delayed draw term loan	6/2026	—	7,619	(95)
Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)	First lien senior secured delayed draw term loan	11/2028	—	550	(4)
Jawbreaker Parent, Inc.	First lien senior secured delayed draw term loan	1/2029	—	16,190	(202)
Jawbreaker Parent, Inc.	First lien senior secured delayed draw term loan	4/2026	—	40,150	(703)
Lighthouse Buyer, Inc. (dba Harbor Compliance)	First lien senior secured delayed draw term loan	12/2028	—	13,698	(308)
Litera Bidco LLC	First lien senior secured delayed draw term loan	11/2026	38,304	3,385	—
Litera Bidco LLC	First lien senior secured delayed draw term loan	5/2027	—	17,577	(308)
ML Holdco, Inc. (dba Meridian Link)	First lien senior secured delayed draw term loan	10/2027	—	27,611	(759)
NSCALE SERVICES UK LTD	First lien senior secured delayed draw term loan	8/2027	8,278	191,722	—
OECONNECTION LLC	First lien senior secured delayed draw term loan	12/2028	—	21,988	(330)
One, Inc. Software Corporation	First lien senior secured delayed draw term loan	12/2027	—	27,746	(139)
Packaging Coordinators Midco, Inc.	First lien senior secured delayed draw term loan	10/2027	1,669	1,486	—
Packaging Coordinators Midco, Inc.	First lien senior secured delayed draw term loan	4/2026	—	21,913	(55)
PerkinElmer U.S. LLC	First lien senior secured delayed draw term loan	10/2027	—	14,321	—
Pike Corp.	First lien senior secured delayed draw term loan	12/2028	—	5,585	(14)

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
RL Datix Holdings (USA), Inc.	First lien senior secured delayed draw term loan	4/2027	—	23,650	(177)
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured delayed draw term loan	8/2026	—	9,141	—
Sentinel Buyer Corp. (dba SimpliSafe)	First lien senior secured delayed draw term loan	11/2027	—	1,987	(20)
Severin Acquisition, LLC (dba PowerSchool)	First lien senior secured delayed draw term loan	10/2027	4,697	14,776	—
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	6/2026	16,916	39,333	—
Simplicity Financial Marketing Group Holdings, Inc.	First lien senior secured delayed draw term loan	12/2026	3,196	598	—
Smarsh Inc.	First lien senior secured delayed draw term loan	1/2027	1,945	14,384	(236)
Spaceship Purchaser, Inc. (dba Squarespace)	First lien senior secured delayed draw term loan	10/2027	—	25,836	(517)
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured delayed draw term loan	7/2027	930	2,242	—
Themis Solutions Inc. (dba Clio)	First lien senior secured delayed draw term loan	10/2027	—	34,320	(944)
Tricentis Operations Holdings, Inc.	First lien senior secured delayed draw term loan	2/2027	—	22,480	(674)
Unit4 Group Holding B.V.	First lien senior secured EUR delayed draw term loan	1/2030	—	5,584	—
Unit4 Group Holding B.V.	First lien senior secured EUR term loan	1/2033	—	59,560	—
Vestwell Holdings Inc.	First lien senior secured delayed draw term loan	1/2028	—	20,427	(817)
Accommodations Plus Technologies LLC	First lien senior secured revolving loan	5/2032	—	7,533	(245)
Activate Holdings (US) Corp. (dba Absolute Software)	First lien senior secured revolving loan	7/2029	—	3,363	(67)
Acquia Inc.*	First lien senior secured revolving loan	10/2026	11,789	—	—
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	(188)
AmeriLife Holdings LLC	First lien senior secured revolving loan	8/2028	816	4,081	—
Anaplan, Inc.	First lien senior secured revolving loan	6/2028	—	12,963	(292)
Appfire Technologies, LLC	First lien senior secured revolving loan	3/2028	—	816	(29)
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured revolving loan	1/2031	218	735	—
Arrow Borrower 2025, Inc. (dba AvidXchange)	First lien senior secured revolving loan	10/2032	—	5,040	(151)
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured revolving loan	7/2030	—	6,046	(61)
Associations, Inc.	First lien senior secured revolving loan	7/2028	—	6,131	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured revolving loan	3/2031	—	10,450	(261)

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
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	3,257	9,875	—
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured revolving loan	8/2028	10,102	3,334	—
BCTO BSI Buyer, Inc. (dba Buildertrend)	First lien senior secured revolving loan	12/2028	—	9,939	(174)
Bracket Intermediate Holding Corp.	First lien senior secured revolving loan	10/2031	—	3,502	(70)
Bristol Hospice L.L.C.	First lien senior secured revolving loan	8/2032	—	1,742	—
BTRS Holdings Inc. (dba Billtrust)	First lien senior secured revolving loan	12/2028	17,320	4,724	—
BusinessSolver.com, Inc.	First lien senior secured revolving loan	12/2032	—	5,634	(169)
Cambrex Corporation	First lien senior secured revolving loan	3/2032	1,166	3,936	—
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured revolving loan	8/2027	830	5,959	—
CCI BUYER, INC. (dba Consumer Cellular)	First lien senior secured revolving loan	5/2032	—	4,386	(11)
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	8/2031	—	18,385	(506)
CivicPlus, LLC	First lien senior secured revolving loan	8/2030	—	8,734	(240)
Commander Buyer, Inc. (dba CenExel)	First lien senior secured revolving loan	6/2032	—	6,024	(30)
Conservice Midco, LLC	First lien senior secured revolving loan	2/2033	—	28,932	(72)
CoreTrust Purchasing Group LLC	First lien senior secured revolving loan	10/2029	—	3,789	(9)
Coupa Holdings, LLC	First lien senior secured revolving loan	2/2029	—	5,852	(234)
Creek Parent, Inc. (dba Catalent)	First lien senior secured revolving loan	12/2031	—	25,111	(188)
Crewline Buyer, Inc. (dba New Relic)	First lien senior secured revolving loan	11/2030	—	21,393	(535)
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured revolving loan	8/2031	—	20,378	(102)
Deerfield Dakota Holdings	First lien senior secured revolving loan	9/2032	2,370	9,480	—
Delinea Buyer, Inc. (f/k/a Centrify)	First lien senior secured revolving loan	3/2030	—	17,207	(67)
Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)	First lien senior secured revolving loan	8/2032	—	8,636	(194)
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)	First lien senior secured revolving loan	1/2033	—	5,210	(26)
Eagan Parent, Inc. (dba Elite)	First lien senior secured revolving loan	9/2032	—	3,157	(39)

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured revolving loan	11/2027	—	6,150	(92)
Einstein Parent, Inc. (dba Smartsheet)	First lien senior secured revolving loan	1/2031	—	10,881	(272)
Flexera Software LLC	First lien senior secured revolving loan	8/2032	—	1,348	(34)
Forescout Technologies, Inc.	First lien senior secured revolving loan	5/2031	—	11,930	(268)
Foundation Consumer Brands, LLC	First lien senior secured revolving loan	2/2029	—	575	(1)
Gainsight, Inc.	First lien senior secured revolving loan	7/2027	—	5,633	(99)
Galway Borrower LLC	First lien senior secured revolving loan	9/2028	74	121	—
Gerson Lehrman Group, Inc.	First lien senior secured revolving loan	12/2028	—	1,913	(33)
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured revolving loan	10/2027	885	1,327	—
Granicus, Inc.	First lien senior secured revolving loan	1/2031	—	548	(7)
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured revolving loan	5/2028	2,517	2,282	—
H&F Opportunities LUX III S.À R.L (dba Checkmarx)	First lien senior secured revolving loan	4/2028	—	25,783	(322)
Himalaya Topco LLC (dba HealthEdge)	First lien senior secured revolving loan	6/2032	2,257	12,252	—
Hyland Software, Inc.	First lien senior secured revolving loan	9/2029	—	7,172	(215)
Icefall Parent, Inc. (dba EngageSmart)	First lien senior secured revolving loan	1/2030	—	2,957	(37)
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured revolving loan	6/2030	9,906	3,128	—
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	8/2028	—	4,294	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured revolving loan	3/2028	903	8,124	—
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	12/2028	—	14,862	(111)
Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)	First lien senior secured revolving loan	11/2032	110	374	—
Jawbreaker Parent, Inc.	First lien senior secured revolving loan	1/2033	—	16,190	(283)
Jeppesen Holdings, LLC	First lien senior secured multi-currency revolving loan	11/2032	—	2,286	(40)
JS Parent, Inc. (dba Jama Software)	First lien senior secured revolving loan	4/2031	—	2,647	(7)
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)	First lien senior secured revolving loan	12/2029	—	15,521	(116)
Lighthouse Buyer, Inc. (dba Harbor Compliance)	First lien senior secured revolving loan	12/2031	—	2,740	(75)
Litera Bidco LLC	First lien senior secured revolving loan	5/2028	—	10,004	(175)

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
LogRhythm, Inc.	First lien senior secured revolving loan	7/2029	—	475	(71)
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	(118)
Matterhorn Finco, Inc.	First lien senior secured revolving loan	3/2033	—	29,163	(146)
McQueen Bidco PTY LTD. (dba Infomedia)	First lien senior secured revolving loan	12/2032	—	13,040	(196)
Ministry Brands Holdings, LLC	First lien senior secured revolving loan	12/2027	61	676	—
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured revolving loan	6/2030	—	12,863	(32)
Modernizing Medicine, Inc. (dba ModMed)	First lien senior secured revolving loan	4/2032	—	13,578	(68)
Monotype Imaging Holdings Inc.	First lien senior secured revolving loan	2/2030	—	15,982	(320)
Natural Partners, LLC	First lien senior secured revolving loan	11/2030	—	1,590	—
Neptune Holdings, Inc. (dba NexTech)	First lien senior secured revolving loan	8/2029	—	1,471	(29)
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured revolving loan	9/2028	—	1,115	(17)
OECONNECTION LLC	First lien senior secured revolving loan	12/2032	—	5,791	(101)
One, Inc. Software Corporation	First lien senior secured revolving loan	12/2032	—	11,098	(111)
Packaging Coordinators Midco, Inc.	First lien senior secured revolving loan	10/2032	—	14,366	(144)
PDI TA Holdings, Inc.	First lien senior secured revolving loan	2/2031	2,112	151	—
PetVet Care Centers, LLC	First lien senior secured revolving loan	11/2029	2,149	8,596	—
Pike Corp.	First lien senior secured revolving loan	12/2032	—	3,723	(19)
QAD, Inc.	First lien senior secured revolving loan	11/2027	—	11,429	(171)
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	10/2030	—	20,708	(362)
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured revolving loan	5/2031	—	9,141	(23)
Securonix, Inc.	First lien senior secured revolving loan	4/2028	—	7,119	(1,388)
Sensor Technology Topco, Inc. (dba Humanetics)	First lien senior secured revolving loan	5/2028	369	5,171	—
Severin Acquisition, LLC (dba PowerSchool)	First lien senior secured revolving loan	10/2031	3,119	8,577	—
Simplicity Financial Marketing Group Holdings, Inc.	First lien senior secured revolving loan	12/2031	—	1,905	(10)
Smarsh Inc.	First lien senior secured revolving loan	2/2029	1,848	6,816	—
Spaceship Purchaser, Inc. (dba Squarespace)	First lien senior secured revolving loan	10/2031	—	21,530	(538)

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


					Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment		Commitment		Fair Value(23)
Talon MidCo 2 Limited	First lien senior secured revolving loan	8/2028	—		2,976		(67)
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	3/2029	—		1,682		(42)
Themis Solutions Inc. (dba Clio)	First lien senior secured revolving loan	10/2032	—		28,600		(787)
Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	6/2027	—		11,250		(225)
Tricentis Operations Holdings, Inc.	First lien senior secured revolving loan	2/2032	—		14,050		(492)
Unit4 Group Holding B.V.	First lien senior secured EUR revolving loan	1/2033	—		7,445		—
Valeris, Inc. (fka Phantom Purchaser, Inc.)	First lien senior secured revolving loan	9/2031	—		2,990		(7)
Velocity HoldCo III Inc. (dba VelocityEHS)	First lien senior secured revolving loan	5/2029	—		4,485		(90)
Vestwell Holdings Inc.	First lien senior secured revolving loan	1/2031	—		5,696		(228)
Zendesk, Inc.	First lien senior secured revolving loan	11/2028	—		14,756		(516)






Total non-controlled/non-affiliated - debt commitments			$	215,229	$	1,886,473	$	(21,416)

Non-controlled/non-affiliated - equity commitments
Chrome Investors LP	LP Interest	N/A	$	16,407	$	4,102	$	—
Polar Investors LP (dba Dentalcorp)	Common Equity	N/A	1,670		418		—
Valor Cl Blocker Feeder LP	LP Interest	N/A	3,702		2,468		—
Total non-controlled/non-affiliated - equity commitments			$	21,779	$	6,988	$	—

Non-controlled/affiliated - debt commitments
Pluralsight, LLC	First lien senior secured delayed draw term loan	8/2029	$	—	$	12,649	$	(696)
Walker Edison Furniture Company LLC	First lien senior secured delayed draw term loan	N/A	1,049		440		—
Walker Edison Furniture Company LLC	First lien senior secured delayed draw term loan	N/A	474		380		—
Pluralsight, LLC	First lien senior secured revolving loan	8/2029	—		5,060		(278)

Total non-controlled/affiliated - debt commitments			$	1,523	$	18,529	$	(974)

Non-controlled/affiliated - equity commitments
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	Specialty finance equity investment	N/A	$	7,601	$	10,131	$	—
LSI Financing LLC	Specialty finance equity investment	N/A	244,437		75,995		—

Total non-controlled/affiliated - equity commitments			$	252,038	$	86,126	$	—
Total Portfolio Company Commitments			$	490,569	$	1,998,116	$	(22,390)

*Fully funded

(23)The negative cost and fair value results from unamortized fees, which are capitalized to the investment cost of unfunded commitments.

(24)As defined in the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to “control” a portfolio company if the Company owns more than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies, including

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

through a management agreement. As defined in the 1940 Act, the Company is an “affiliated person” of this portfolio company if the Company owns more than 5% or more of the portfolio company’s outstanding voting securities. Transactions related to the Company’s investments in non-controlled affiliates and controlled affiliates for the period ended March 31, 2026 were as follows:


Company	Fair Value at December 31, 2025		Gross Additions (a)		Gross Reductions(b)		Net Change in Unrealized Gains (Losses)		Realized Gains (Losses)		Transfers		Fair Value at March 31, 2026		Interest and PIK Interest Income		Dividend and PIK Dividend Income		Other Income
Non-Controlled Affiliates
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(c)	$	25,968	$	604	$	—	$	(653)	$	—	$	—	$	25,919	$	489	$	—	$	—
AAM Series 2.1 Aviation Feeder, LLC(c)	34,086		660		(68)		(535)		—		—		34,143		633		—		—
Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)	57,713		46,727		—		(585)		—		—		103,855		—		2,972		—
Coherent Group Inc.	16,535		631		—		(3,174)		—		—		13,992		48		—		—
Fifth Season Investments LLC	184,468		—		(46,235)		476		—		—		138,709		—		3,929		—
Help HP SCF Investor, LP	44,890		—		—		(8,859)		—		—		36,031		—		—		—
LSI Financing 1 DAC	6,657		—		—		100		—		—		6,757		—		—		—
LSI Financing LLC	102,235		153,888		(2,765)		704		—		—		254,062		—		2,727		—
Pluralsight, LLC	58,716		158		(76)		(16,826)		—		—		41,972		637		—		22

Signifyd Inc.	156,245		—		—		(37,457)		—		—		118,788		—		3,366		—
Walker Edison Furniture Company LLC	4,689		—		—		23,034		(23,156)		—		4,567		—		—		—
Total Non-Controlled Affiliates	$	692,202	$	202,668	$	(49,144)	$	(43,775)	$	(23,156)	$	—	$	778,795	$	1,807	$	12,994	$	22

Controlled Affiliates
Blue Owl Credit SLF LLC(d)	$	30,760	$	4,062	$	—	$	(2,564)	$	—	$	—	$	32,258	$	—	$	693	$	—
Blue Owl Leasing LLC(d)	5,102		—		(4,305)		(2)		—		—		795		—		—		—
Stripe Blue Owl Holdings LLC	17,493		—		—		4,222		—		—		21,715		—		—		—
Revolut Ribbit Holdings, LLC	177,405		—		—		—		—		—		177,405		—		—		—
Total Controlled Affiliates	$	230,760	$	4,062	$	(4,305)	$	1,656	$	—	$	—	$	232,173	$	—	$	693	$	—

(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.

(d)For further description of the Company's investment in Blue Owl Credit SLF LLC (“Credit SLF”), and Blue Owl Leasing LLC (“Blue Owl Leasing”), see “Note 4 — Investments.”

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

(25)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”.

(26)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”.

(27)As of March 31, 2026, the net estimated unrealized loss for U.S. federal income tax purposes was $147.6 million based on a tax cost basis of $14.2 billion. As of March 31, 2026, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $689.2 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $541.6 million.

(28)Loan was on non-accrual status as of March 31, 2026.

(29)Non-income producing investment.

(30)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, 2026, the aggregate fair value of these securities is $2.2 billion or 28.4% 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

Specialty finance equity investment

July 01, 2022

AAM Series 2.1 Aviation Feeder, LLC

Specialty finance equity investment

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 C Preferred Stock

August 30, 2019

Algolia, Inc.

Series D Preferred Stock

July 19, 2021

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

Specialty finance equity investment

July 01, 2022

Arctic Wolf Networks, Inc.

Preferred Stock

July 07, 2021

Axonius, Inc.

Series E Preferred Stock

March 24, 2025

Baypine Commander Co-Invest, LP

LP Interest

June 24, 2025

BEHP Co-Investor II, L.P.

LP Interest

May 06, 2022

Bird Holding B.V. (fka MessageBird Holding B.V.)

Extended Series C Warrants

February 14, 2022

Blend Labs, Inc.

Warrants

July 02, 2021

Blue Owl Credit SLF LLC

LLC Interest

August 01, 2024

Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)

Specialty finance equity investment

September 19, 2025

Blue Owl Leasing LLC

LLC Interest

October 14, 2025

Bolt Technology OÜ

Preferred Stock

December 10, 2021

Brex, Inc.

Class A Units

August 15, 2025

Brex, Inc.

Preferred Stock

November 30, 2021

Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)

Common Units

October 01, 2021

Capital Integration Systems LLC (dba CAIS)

Class D Common Units

January 25, 2025

Chrome Investors LP

LP Interest

May 20, 2019

Circle Internet Services, Inc.

Warrants

May 20, 2019

Circle Internet Services, Inc.

Series D Preferred Stock

February 28, 2020

Circle Internet Services, Inc.

Series E Preferred Stock

May 04, 2021

Circle Internet Services, Inc.

Series F Preferred Stock

May 20, 2019

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.

Class A-2 Common Units

March 16, 2022

Dodge Construction Network Holdings, L.P.

Series A Preferred Units

March 16, 2022

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company

Investment

Acquisition Date

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

Specialty finance equity investment

October 17, 2022

Halo Purchaser, LLC

Class B PIK Preferred Equity

November 03, 2025

Halo Purchaser, LLC

Class E Warrant Units

October 15, 2021

HARNESS INC.

Series D Preferred Stock

August 27, 2021

Harvey AI Corporation

Series F Preferred Stock

March 20, 2026

Help HP SCF Investor, LP

LP Interest

October 15, 2021

Illumio, Inc.

Common stock

June 23, 2021

Illumio, Inc.

Series F Preferred Stock

June 23, 2021

Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)

LP Interest

June 08, 2022

JumpCloud, Inc.

Series B Preferred Stock

September 03, 2021

JumpCloud, Inc.

Series F Preferred Stock

December 30, 2021

Juniper Square, Inc.

Warrants

March 24, 2021

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

KPCI Co-Invest 2, L.P.

Class A Units

October 15, 2025

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

Specialty finance equity investment

December 14, 2022

LSI Financing LLC

Specialty finance equity investment

November 25, 2024

Minerva Holdco, Inc.

Senior A Preferred Stock

May 05, 2021

ModMed Software Midco Holdings, Inc. (dba ModMed)

Series A Preferred Units

April 30, 2025

Nscale Global Holdings Limited

Preferred equity

September 29, 2025

Nscale Global Holdings Limited

Series B Preferred Shares

September 29, 2025

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

Plaid Inc.

Class A Common Stock

March 12, 2026

Polar Investors LP (dba Dentalcorp)

Common Equity

January 13, 2026

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

Rome Topco Holdings, LLC (dba SimpliSafe)

Class A Units

November 06, 2025

Rome Topco Holdings, LLC (dba SimpliSafe)

Class B Units

November 15, 2023

Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)

Series A Preferred Stock

December 29, 2021

Saturn Ultimate, Inc.

Common stock

December 29, 2021

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

Stripe Blue Owl Holdings LLC

LLC Interest

December 09, 2025

Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)

Series A Preferred Stock

October 14, 2021

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of March 31, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company

Investment

Acquisition Date

Thunder Topco L.P. (dba Vector Solutions)

Common Units

June 30, 2021

TravelPerk, Inc.

Warrants

May 02, 2024

Valor Cl Blocker Feeder LP

LP Interest

October 03, 2025

VCI Intermediate TopCo 1 LLC

Class B Units

November 17, 2025

Veeam Software Group

Series C Preferred Shares

December 08, 2025

VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)

Series A Preferred Stock

October 15, 2021

VEPF VIII Co-Invest 8-A, L.P.

Limited Partner Interest

March 05, 2026

Vestwell Holdings Inc.

Series D Preferred Stock

December 20, 2023

Vestwell Holdings Inc.

Series E Preferred Stock

March 01, 2023

Vestwell Holdings Inc.

Warrants

January 30, 2026

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

(a) Refer to “Note 4 — Investments – Blue Owl Credit SLF LLC” for further information.

(b) Refer to “Note 4 — Investments – Blue Owl Leasing LLC” for further information.

(31)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, 2026, non-qualifying assets represented 15.6% of total assets as calculated in accordance with the regulatory requirements.

(32)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.

(33)Reserved.

(34)Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) (“BOCSO”) was formed to hold alternative credit assets, including asset-based finance (“ABF”). ABF is a subsector of private credit focused on generating income from pools of financial, physical or other assets. As of March 31, 2026, the portfolio consists of five investments totaling $1.0 billion at cost and fair value, respectively, ranging in cost from $24.9 million to $379.6 million and with a fair value ranging from $24.7 million to $378.0 million. The largest investment is 37% of the total cost of BOCSO’s portfolio. As of March 31, 2026 the portfolio asset class composition was 66% ABF - Specialty finance, 32% ABF - Leasing, and 2% ABF - Commercial Real Estate.

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


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)		Fair Value		% of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments(7)
Aerospace & Defense
Jeppesen Holdings, LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2032	$	44,089	$	43,758	$	43,758
ManTech International Corporation(3)(4)(9)	First lien senior secured loan	S+	4.50%		9/2029	75,738		75,786		75,738
Peraton Corp.(3)(9)	Second lien senior secured loan	S+	7.75%		2/2029	84,551		83,925		66,212
								203,469		185,708		2.3	%
Airlines
Accommodations Plus Technologies LLC(3)(4)(9)	First lien senior secured loan	S+	5.25%		5/2032	48,844		48,379		48,112
								48,379		48,112		0.6	%
Application Software

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
AI Titan Parent, Inc. (dba Prometheus Group)(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		8/2031	52,447		51,959	51,884
AlphaSense, Inc.(3)(4)(9)	First lien senior secured loan	S+	6.25%		6/2029	59,360		58,953	59,212
Anaplan, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		6/2029	123,741		123,741	123,741
Armstrong Bidco Limited(3)(4)(19)(31)	First lien senior secured GBP term loan	SA+	5.25%		6/2029	£	16,173	20,205	21,645
Arrow Borrower 2025, Inc. (dba AvidXchange)(3)(4)(9)	First lien senior secured loan	S+	4.25%		10/2032	36,960		36,779	36,775
Artifact Bidco, Inc. (dba Avetta)(3)(4)(9)	First lien senior secured loan	S+	4.15%		7/2031	34,579		34,437	34,579
Boxer Parent Company Inc. (f/k/a BMC)(3)(9)	First lien senior secured loan	S+	3.00%		7/2031	29,775		29,523	29,674
BusinessSolver.com, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		12/2032	84,467		84,048	84,045
CALABRIO, INC.(3)(4)(9)	First lien senior secured loan	S+	4.00%		11/2032	10,000		9,505	9,500
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		8/2027	76,468		75,836	74,819
CivicPlus, LLC(3)(4)(9)	First lien senior secured loan	S+	3.25%	2.75%	8/2030	92,655		92,235	92,655
CivicPlus, LLC(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	5.50%		8/2030	12,669		12,606	12,669
Coupa Holdings, LLC(3)(4)(9)	First lien senior secured loan	S+	5.25%		2/2030	84,313		84,371	84,313
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(3)(4)(10)	Unsecured notes	S+		11.75%	6/2034	28,682		28,441	28,682
Einstein Parent, Inc. (dba Smartsheet)(3)(4)(9)	First lien senior secured loan	S+	6.50%		1/2031	105,186		104,237	104,397
Gainsight, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.75%		7/2027	67,754		67,462	67,754
Granicus, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	2.00%	1/2031	3,972		3,958	3,972
Granicus, Inc.(3)(4)(9)	First lien senior secured delayed draw term loan	S+	3.00%	2.00%	1/2031	588		584	587
GS Acquisitionco, Inc. (dba insightsoftware)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		5/2028	54,329		54,265	53,747
Gusto, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		11/2030	46,280		46,111	46,107
Infobip Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	5.50%		6/2029	67,366		66,478	66,692
JS Parent, Inc. (dba Jama Software)(3)(4)(9)	First lien senior secured loan	S+	4.75%		4/2031	27,011		26,964	27,011
Lighthouse Buyer, Inc. (dba Harbor Compliance)(3)(4)(11)(22)	First lien senior secured loan	S+	4.50%		12/2031	16,986		16,795	16,794
Magnet Forensics, LLC (f/k/a Grayshift, LLC)(3)(4)(8)(31)	First lien senior secured loan	S+	4.50%		7/2028	175,008		175,081	175,008
Ministry Brands Holdings, LLC(3)(4)(8)	First lien senior secured loan	S+	5.50%		12/2028	8,140		8,059	8,079
Ministry Brands Holdings, LLC(3)(4)(12)(22)	First lien senior secured revolving loan	S+	4.50%		12/2027	61		57	56
Simpler Postage, Inc. (dba Easypost)(3)(4)(8)(22)	First lien senior secured loan	S+	8.00%		6/2029	65,114		62,838	61,381
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		3/2029	12,927		12,799	12,927
VCI Asset Holdings 1 LLC(3)(4)(6)(31)	First lien senior secured loan	N/A	10.00%		11/2030	123,409		122,198	122,175

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Velocity HoldCo III Inc. (dba VelocityEHS)(3)(4)(9)	First lien senior secured loan	S+	5.50%		5/2029	71,497	71,490	71,497
XPLOR T1, LLC(3)(4)(9)	First lien senior secured loan	S+	3.50%		12/2032	18,354	18,262	18,354
Zendesk, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		11/2028	168,713	167,768	168,713
							1,768,045	1,769,444	22.0	%
Banks
Finastra USA, Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	7.25%		9/2029	42,236	42,153	42,553

							42,153	42,553	0.5	%
Beverages
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8)	First lien senior secured loan	S+	6.25%		3/2027	1,909	1,891	1,904
							1,891	1,904	—	%
Building Products
EET Buyer, Inc. (dba e-Emphasys)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		11/2027	74,848	74,584	74,848
							74,584	74,848	0.9	%
Buildings & Real Estate
Associations, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	6.50%		7/2028	137,330	137,223	137,330
Associations Finance, Inc.(3)(4)(6)	Unsecured notes	N/A		14.25%	5/2030	45,790	45,689	45,790
							182,912	183,120	2.3	%
Capital Markets
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		6/2030	19,829	19,652	19,829
Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)(3)(4)(8)	First lien senior secured loan	S+	5.50%		8/2032	86,364	85,115	85,068
							104,767	104,897	1.3	%
Commercial Services & Supplies
Sentinel Buyer Corp. (dba SimpliSafe)(3)(4)(8)	First lien senior secured loan	S+	5.00%		11/2032	23,856	23,621	23,618


							23,621	23,618	0.3	%
Construction & Engineering
Dodge Construction Network LLC(3)(9)	First lien senior secured loan	S+	6.25%		1/2029	4,352	4,282	4,363
Dodge Construction Network LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		2/2029	6,035	5,018	4,797
Pike Corp.(4)(9)	First lien senior secured loan	S+	4.50%		12/2032	25,691	25,564	25,563
							34,864	34,723	0.4	%
Consumer Finance
Klarna Holding AB(3)(4)(9)(31)	Subordinated Floating Rate Notes	S+	7.00%		4/2034	65,334	65,358	65,334
							65,358	65,334	0.8	%
Diversified Consumer Services
Eagan Parent, Inc. (dba Elite)(3)(4)(9)	First lien senior secured loan	S+	4.25%		9/2032	23,675	23,560	23,556
Icefall Parent, Inc. (dba EngageSmart)(3)(4)(9)	First lien senior secured loan	S+	4.50%		1/2030	30,068	30,068	30,068
Litera Bidco LLC(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		5/2028	187,762	187,235	187,762
Relativity ODA LLC(3)(4)(8)	First lien senior secured loan	S+	4.50%		5/2029	137,241	136,886	137,241

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Themis Solutions Inc. (dba Clio)(3)(4)(8)(31)	First lien senior secured loan	S+	1.75%	3.75%	10/2032	80,606		79,822	79,800
								457,571	458,427	5.7	%
Diversified Financial Services
Blackhawk Network Holdings, Inc.(3)(9)	First lien senior secured loan	S+	4.00%		3/2029	89,496		89,464	89,836
BTRS Holdings Inc. (dba Billtrust)(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		12/2028	150,601		150,344	150,601
Computer Services, Inc. (dba CSI)(3)(4)(9)	First lien senior secured loan	S+	4.50%		11/2031	229,153		228,937	229,153
Deerfield Dakota Holdings(3)(4)(9)	First lien senior secured loan	S+	3.00%	2.75%	9/2032	127,462		126,851	126,825
Hg Genesis 8 Sumoco Limited(3)(4)(19)(31)	Unsecured facility	SA+	7.50%		9/2027	£	13,504	17,026	18,164
Hg Genesis 9 SumoCo Limited(3)(4)(14)(31)	Unsecured facility	E+		6.25%	3/2029	€	58,971	64,063	69,258
Hg Saturn Luchaco Limited(3)(4)(19)(31)	Unsecured facility	SA+		8.25%	3/2027	£	43,398	55,360	58,373
Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(8)	First lien senior secured loan	S+	5.00%		6/2030	186,614		185,817	186,614
ML Holdco, Inc. (dba Meridian Link)(3)(4)(9)	First lien senior secured loan	S+	4.50%		10/2032	106,139		105,622	105,608
NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8)	First lien senior secured loan	S+	4.50%		9/2028	24,106		24,079	24,106
Smarsh Inc.(3)(4)(9)(22)	First lien senior secured revolving loan	S+	4.75%		2/2029	90,327		90,041	89,849


								1,137,604	1,148,387	14.3	%
Diversified Support Services
CoreTrust Purchasing Group LLC(3)(4)(8)	First lien senior secured loan	S+	5.00%		10/2029	34,488		34,508	34,488
								34,508	34,488	0.4	%
Entertainment
Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(9)(31)	First lien senior secured loan	S+	5.25%		7/2031	197,055		196,059	197,055
								196,059	197,055	2.5	%
Equity Real Estate Investment Trusts (REITs)
Storable, Inc.(3)(8)	First lien senior secured loan	S+	3.25%		4/2031	9,926		9,894	9,964
Storable Intermediate Holdings, LLC(3)(4)(8)	First lien senior secured loan	S+		6.00%	4/2032	109,040		108,562	109,040
								118,456	119,004	1.5	%
Food & Staples Retailing
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(3)(4)(8)	First lien senior secured loan	S+	4.25%		12/2029	187,088		187,024	187,088
								187,024	187,088	2.3	%
Health Care Equipment & Supplies
Cambrex Corporation(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		3/2032	39,261		38,872	39,261
Packaging Coordinators Midco, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2032	145,305		143,580	144,579
Packaging Coordinators Midco, Inc.(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	4.50%		1/2032	795		776	791
Packaging Coordinators Midco, Inc.(3)(4)(19)	First lien senior secured delayed draw term loan	S+	4.75%		10/2032	16,752		16,367	16,668

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
PerkinElmer U.S. LLC(3)(4)(8)	First lien senior secured loan	S+	4.75%		3/2029	75,065		74,616	75,065
								274,211	276,364	3.4	%
Health Care Providers & Services
Bristol Hospice L.L.C.(3)(4)(9)	First lien senior secured loan	S+	5.00%		8/2032	18,258		18,168	18,258
Covetrus, Inc.(3)(4)(9)	Second lien senior secured loan	S+	9.25%		10/2030	75,000		73,534	72,563
Engage Debtco Limited(3)(4)(9)(31)	First lien senior secured loan	S+	3.18%	2.75%	7/2029	16,048		15,724	15,205
Engage Debtco Limited(3)(4)(9)(31)	First lien senior secured delayed draw term loan	S+	3.08%	2.75%	7/2029	5,210		5,109	4,937
EresearchTechnology, Inc. (dba Clario)(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		1/2032	79,855		79,095	79,855
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		12/2029	88,879		88,274	88,656
Natural Partners, LLC(3)(4)(9)(31)	First lien senior secured loan	S+	4.50%		11/2030	21,882		21,802	21,882
OneOncology, LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		6/2030	50,641		50,365	50,641
OneOncology, LLC(3)(4)(9)	First lien senior secured delayed draw term loan	S+	5.00%		6/2030	13,757		13,727	13,757
OneOncology, LLC(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	4.50%		6/2030	5,735		5,655	5,652
PetVet Care Centers, LLC(3)(4)(8)	First lien senior secured loan	S+	6.00%		11/2030	76,930		74,767	69,237
PetVet Care Centers, LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.00%		11/2029	1,075		809	—
Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9)	First lien senior secured loan	S+	5.00%		9/2031	8,820		8,806	8,820
Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9)	First lien senior secured loan	S+	4.75%		9/2031	15,122		14,981	15,084
Vermont Aus Pty Ltd(3)(4)(17)(31)	First lien senior secured AUD term loan	B+	4.50%		3/2028	A$	12,841	8,480	8,563
								479,296	473,110	5.9	%
Health Care Technology
Athenahealth Group Inc.(3)(8)	First lien senior secured loan	S+	2.75%		2/2029	3,458		3,425	3,462
BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(9)	First lien senior secured loan	S+	5.75%		8/2028	112,966		112,138	111,836
BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.75%		8/2026	10,193		10,166	10,071
BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)	First lien senior secured delayed draw term loan	S+	5.75%		8/2028	24,701		24,464	24,455
Color Intermediate, LLC (dba ClaimsXten)(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2029	47,428		47,460	47,309
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		8/2031	157,173		156,961	157,173
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22)	First lien senior secured delayed draw term loan	S+	4.75%		8/2031	41,781		41,551	41,572
GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	6.00%		10/2027	295		281	229
GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)	First lien senior secured loan	S+	6.00%		10/2028	26,677		26,410	25,877
Greenway Health, LLC(3)(4)(9)	First lien senior secured loan	S+	6.75%		4/2029	18,718		18,496	18,437

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Himalaya Topco LLC (dba HealthEdge)(3)(4)(8)	First lien senior secured loan	S+	2.75%	2.25%	6/2032	94,390		93,487	93,446
Hyland Software, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		9/2030	148,299		148,345	148,299
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)	First lien senior secured loan	S+	4.00%	2.50%	12/2030	136,382		134,721	133,655
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)	First lien senior secured delayed draw term loan	S+	6.00%		12/2030	2,085		2,084	2,044
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.00%		6/2030	9,906		9,756	9,645
Inovalon Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	2.75%	2.75%	11/2028	193,192		192,951	189,328
Inovalon Holdings, Inc.(3)(4)(9)	Second lien senior secured loan	S+		8.50%	11/2033	77,128		77,128	70,958
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(3)(4)(9)(31)	First lien senior secured loan	S+	6.50%		8/2026	163,146		162,864	163,146
Interoperability Bidco, Inc. (dba Lyniate)(3)(4)(9)(22)	First lien senior secured loan	S+	5.75%		3/2028	116,636		116,035	116,016
Modernizing Medicine, Inc. (dba ModMed)(3)(4)(9)	First lien senior secured loan	S+	2.50%	2.25%	4/2032	147,286		145,946	146,550
Neptune Holdings, Inc. (dba NexTech)(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2030	10,809		10,795	10,782
RL Datix Holdings (USA), Inc.(3)(4)(10)	First lien senior secured loan	S+	5.00%		4/2031	104,855		104,856	104,855
RL Datix Holdings (USA), Inc.(3)(4)(19)	First lien senior secured GBP term loan	SA+	5.00%		4/2031	£	48,557	65,531	65,312
Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9)	First lien senior secured loan	S+	5.75%		8/2031	94,453		94,319	94,453
Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.75%		5/2031	762		745	762
								1,800,915	1,789,672	22.3	%
Hotels, Restaurants & Leisure
MINDBODY, Inc.(3)(4)(9)	First lien senior secured loan	S+	6.00%		9/2027	72,962		72,816	72,962
								72,816	72,962	0.9	%
Household Durables
BCTO BSI Buyer, Inc. (dba Buildertrend)(3)(4)(9)	First lien senior secured loan	S+	6.50%		12/2028	83,345		83,166	83,345
								83,166	83,345	1.0	%
Industrial Conglomerates
Aptean Acquiror, Inc. (dba Aptean)(3)(4)(9)	First lien senior secured loan	S+	4.75%		1/2031	16,776		16,704	16,776
Aptean Acquiror, Inc. (dba Aptean)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.65%		1/2031	272		269	272
QAD, Inc.(3)(4)(8)	First lien senior secured loan	S+	4.75%		11/2027	87,260		87,260	87,260
								104,233	104,308	1.3	%
Insurance
AmeriLife Holdings LLC(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		8/2029	45,716		45,539	45,486
AmeriLife Holdings LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		8/2028	816		797	792
Asurion, LLC(3)(8)	First lien senior secured loan	S+	4.25%		8/2028	18,249		18,171	18,272
Asurion, LLC(3)(8)	Second lien senior secured loan	S+	5.25%		1/2028	10,833		10,741	10,781

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Diamond Insure Bidco (dba Acturis)(3)(4)(14)(31)	First lien senior secured EUR term loan	E+	3.75%		7/2031	€	8,121	8,678	9,538
Diamond Insure Bidco (dba Acturis)(3)(4)(19)(31)	First lien senior secured GBP term loan	SA+	4.00%		7/2031	£	23,926	30,530	32,181
Galway Borrower LLC(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	4.50%		9/2028	351		350	351
Integrity Marketing Acquisition, LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		8/2028	90,977		90,778	90,977
Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)(3)(4)(9)	First lien senior secured loan	S+	4.50%		11/2032	3,261		3,245	3,245
One, Inc. Software Corporation(3)(4)(9)	First lien senior secured loan	S+	4.50%		12/2032	144,280		143,565	143,559
Simplicity Financial Marketing Group Holdings, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		12/2031	15,992		15,842	15,992
Trucordia Insurance Holdings, LLC(3)(4)(8)	Second lien senior secured loan	S+	5.75%		6/2033	60,500		59,919	60,349


								428,155	431,523	5.4	%
Internet & Direct Marketing Retail
Aurelia Netherlands B.V.(3)(4)(14)(31)	First lien senior secured EUR term loan	E+	4.75%		5/2031	€	64,942	73,397	76,271
								73,397	76,271	0.9	%
IT Services
Flexera Software LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2032	20,995		20,927	20,942
Flexera Software LLC(3)(4)(13)	First lien senior secured EUR term loan	E+	4.50%		8/2032	€	5,300	6,193	6,210
Kaseya Inc.(3)(8)	First lien senior secured loan	S+	3.00%		3/2032	69,475		69,196	69,482
Kaseya Inc.(3)(8)	Second lien senior secured loan	S+	5.00%		3/2033	19,884		19,813	19,417
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)	First lien senior secured loan	S+	2.50%	2.25%	10/2031	94,356		93,335	93,176
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22)	First lien senior secured delayed draw term loan	S+	4.75%		10/2031	4,117		3,987	3,950
Spaceship Purchaser, Inc. (dba Squarespace)(3)(4)(9)	First lien senior secured loan	S+	3.75%		10/2031	133,270		133,270	133,270
								346,721	346,447	4.3	%
Life Sciences Tools & Services
Bamboo US BidCo LLC(3)(4)(14)	First lien senior secured EUR term loan	E+	5.00%		9/2030	€	15,539	16,720	18,250
Bamboo US BidCo LLC(3)(4)(9)	First lien senior secured delayed draw term loan	S+	5.00%		9/2030	32,217		32,194	32,217
Bamboo US BidCo LLC(3)(4)(8)(22)	First lien senior secured delayed draw term loan	S+	5.06%		9/2030	2,852		2,835	2,852
Bracket Intermediate Holding Corp.(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2031	36,425		36,069	36,061
Commander Buyer, Inc. (dba CenExel)(3)(4)(9)	First lien senior secured loan	S+	4.75%		6/2032	33,050		32,876	33,050
Creek Parent, Inc. (dba Catalent)(3)(4)(8)	First lien senior secured loan	S+	5.00%		12/2031	173,577		171,927	172,709
								292,621	295,139	3.7	%
Media
Monotype Imaging Holdings Inc.(3)(4)(8)(22)	First lien senior secured loan	S+	5.25%		2/2031	128,668		128,347	128,668
								128,347	128,668	1.6	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Multiline Retail
PDI TA Holdings, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		2/2031	28,693		28,396	28,326
								28,396	28,326	0.4	%
Pharmaceuticals
Foundation Consumer Brands, LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		2/2029	20,983		20,896	20,878
Pacific BidCo Inc.(3)(4)(10)(31)	First lien senior secured delayed draw term loan	S+	5.75%		8/2029	10,149		9,987	10,124

								30,883	31,002	0.4	%
Professional Services
BCTO WIW Holdings, Inc. (dba When I Work)(3)(4)(6)	Senior convertible notes	N/A		5.50%	8/2030	4,740		4,694	4,694
Certinia Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2031	231,597		231,242	231,018
CloudPay, Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	7.50%		7/2029	24,500		24,263	23,582
Cornerstone OnDemand, Inc.(3)(4)(8)	Second lien senior secured loan	S+	6.50%		10/2029	71,667		71,056	64,500
Gerson Lehrman Group, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2028	37,696		37,567	37,696
Proofpoint, Inc.(3)(9)	First lien senior secured loan	S+	3.00%		8/2028	3,135		3,127	3,148
Proofpoint, Inc.(3)(4)(14)	Second lien senior secured loan	E+	5.75%		12/2033	€	57,750	65,250	67,824
Proofpoint, Inc.(3)(4)(9)	Second lien senior secured loan	S+	5.75%		12/2033	66,014		65,354	66,014
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9)	First lien senior secured loan	S+	6.50%		5/2028	67,228		67,246	67,228
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14)	First lien senior secured EUR term loan	E+	6.75%		5/2028	€	11,480	12,416	13,483
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14)	First lien senior secured EUR delayed draw term loan	E+	7.25%		5/2028	€	261	283	307
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9)	First lien senior secured delayed draw term loan	S+	6.94%		5/2028	1,287		1,287	1,287
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.50%		5/2028	1,846		1,846	1,846
Sovos Compliance, LLC(3)(8)	First lien senior secured loan	S+	3.25%		8/2029	19,207		19,207	19,251
Thunder Purchaser, Inc. (dba Vector Solutions)(3)(4)(9)	First lien senior secured loan	S+	5.25%		6/2028	138,359		137,768	138,359
TK Operations Ltd (dba Travelperk, Inc.)(3)(4)(6)(31)	First lien senior secured loan	N/A		11.50%	5/2029	53,901		51,177	52,284

								793,783	792,521	9.9	%
Real Estate Management & Development
RealPage, Inc.(3)(9)	First lien senior secured loan	S+	3.75%		4/2028	34,738		34,594	34,814

								34,594	34,814	0.4	%
Specialty Retail
McQueen Bidco PTY LTD. (dba Infomedia)(3)(4)(9)(31)	First lien senior secured loan	S+	4.50%		12/2032	77,652		77,652	77,458
OECONNECTION LLC(3)(4)(8)	First lien senior secured loan	S+	4.50%		12/2032	37,471		37,284	37,285
								114,936	114,743	1.4	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Systems Software
Acquia Inc.(3)(4)(9)	First lien senior secured loan	S+	5.50%		10/2026	188,298		188,019	183,120
Activate Holdings (US) Corp. (dba Absolute Software)(3)(4)(9)(31)	First lien senior secured loan	S+	5.25%		7/2030	53,987		54,003	53,987
Appfire Technologies, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		3/2028	7,343		7,345	7,343
Arctic Wolf Networks, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.75%		2/2030	88,384		87,605	87,942
Arctic Wolf Networks, Inc.(3)(4)(6)	Senior convertible notes	N/A		3.00%	11/2030	130,908		183,045	183,045
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(3)(4)(8)	First lien senior secured loan	S+	6.00%		3/2031	94,049		93,224	94,049
Barracuda Parent, LLC(3)(9)	First lien senior secured loan	S+	4.50%		8/2029	22,800		20,476	18,404
Barracuda Parent, LLC(3)(4)(9)	Second lien senior secured loan	S+	7.00%		8/2030	55,875		44,798	40,509
Barracuda Parent, LLC(3)(4)(9)	First lien senior secured loan	S+	6.50%		8/2029	20,442		19,931	17,989
Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)	First lien senior secured loan	S+	2.50%	3.00%	10/2028	158,041		158,069	158,041
Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		10/2027	3,257		3,234	3,257
Circle Internet Services, Inc.(4)(29)	Subordinated Convertible Security	N/A			N/A	759		759	759
ConnectWise, LLC(3)(9)	First lien senior secured loan	S+	3.50%		9/2028	3,026		3,025	2,967
Crewline Buyer, Inc. (dba New Relic)(3)(4)(9)	First lien senior secured loan	S+	6.75%		11/2030	213,236		211,129	211,637
Databricks, Inc.(3)(4)(8)	First lien senior secured loan	S+	4.50%		1/2031	114,694		114,233	114,694
Delinea Buyer, Inc. (f/k/a Centrify)(3)(4)(9)	First lien senior secured loan	S+	5.75%		3/2028	104,640		103,571	104,640
Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(8)	Second lien senior secured loan	S+	5.25%		11/2030	30,000		29,976	29,514
Forescout Technologies, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		5/2032	154,570		154,104	153,797
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(3)(4)(8)(31)	First lien senior secured loan	S+	6.50%		4/2027	148,144		147,874	148,144
LogRhythm, Inc.(3)(4)(9)	First lien senior secured loan	S+	7.50%		7/2029	4,750		4,642	4,548
Securonix, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	3.75%	4/2029	41,073		38,729	37,069
Sitecore Holding III A/S(3)(4)(14)	First lien senior secured EUR term loan	E+	7.00%		3/2029	€	128,813	137,852	151,285
Sitecore Holding III A/S(3)(4)(9)	First lien senior secured loan	S+	7.00%		3/2029	22,333		22,294	22,333
Sitecore USA, Inc.(3)(4)(9)	First lien senior secured loan	S+	7.00%		3/2029	134,589		134,351	134,589
Sophos Holdings, LLC(3)(8)(31)	First lien senior secured loan	S+	3.50%		3/2027	14,464		14,481	14,462
Talon MidCo 2 Limited(3)(4)(8)(31)	First lien senior secured loan	S+	4.93%		8/2028	35,627		35,617	35,627
Tricentis Operations Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	1.38%		2/2032	116,810		115,821	115,642



								2,128,207	2,129,393	26.5	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)		Fair Value		% of Net Assets
Wireless Telecommunication Services
CCI BUYER, INC. (dba Consumer Cellular)(3)(4)(9)	First lien senior secured loan	S+	5.00%		5/2032	74,926		74,221		74,926
								74,221		74,926		0.9	%

Total non-controlled/non-affiliated debt investments								$	11,970,163	$	11,962,244	148.8	%
Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)								$	(5,543)	$	(3,839)	—	%
Total non-controlled/non-affiliated portfolio company debt investments								$	11,964,620	$	11,958,405	148.7	%

Equity Investments
Aerospace & Defense
Space Exploration Technologies Corp.(3)(4)(29)(30)	Class A Common Stock	N/A			N/A	419,311		23,013		162,425
Space Exploration Technologies Corp.(3)(4)(29)(30)	Class C Common Stock	N/A			N/A	84,250		4,011		32,635
								27,024		195,060		2.4	%
Application Software
6Sense Insights, Inc.(3)(4)(29)(30)	Series E-1 Preferred Stock	N/A			N/A	1,580,642		48,102		37,807
Alpha Partners Technology Merger Corp(29)(30)(31)	Common stock	N/A			N/A	30,000		1,000		347
Alpha Partners Technology Merger Corp(29)(30)(31)	Warrants	N/A			N/A	666,666		—		360
AlphaSense, LLC(3)(4)(29)(30)	Series E Preferred Shares	N/A			N/A	1,422,042		13,176		17,731
Bird Holding B.V. (fka MessageBird Holding B.V.)(3)(4)(29)(30)(31)	Extended Series C Warrants	N/A			N/A	191,530		1,174		214
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(3)(4)(6)(30)	Preferred Stock	N/A		10.50%	N/A	15,000		23,489		22,488
EShares, Inc. (dba Carta)(4)(29)(30)	Series E Preferred Stock	N/A			N/A	186,904		2,008		4,547
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	$	2,292	2,292		3,023
Nylas, Inc.(4)(29)(30)	Series C Preferred Stock	N/A			N/A	2,088,467		15,009		1,826
Project Alpine Co-Invest Fund, LP(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	$	13,333	16,381		17,509
Saturn Ultimate, Inc.(3)(4)(29)(30)	Common stock	N/A			N/A	5,580,593		25,008		30,241
Simpler Postage, Inc. (dba Easypost)(3)(4)(29)(30)	Warrants	N/A			N/A	216,891		2,635		2,356
Valor Compute Infrastructure L.P.(3)(4)(22)(29)(30)(31)	LP Interest	N/A			N/A	$	2,160	2,160		2,160
VCI Intermediate TopCo 1 LLC(3)(4)(29)(30)(31)	Class B Units	N/A			N/A	$	6,170	6,172		6,170
Zoro TopCo, L.P.(3)(4)(29)(30)	Class A Common Units	N/A			N/A	1,644,254		17,739		18,455
Zoro TopCo, Inc.(3)(4)(9)(30)	Series A Preferred Equity	S+		9.50%	N/A	6,519		9,696		9,689
								186,041		174,923		2.2	%
Capital Markets
Acorns Grow Incorporated(3)(4)(6)(30)(31)	Series F Preferred Stock	N/A		5.00%	N/A	572,135		11,820		11,826
								11,820		11,826		0.1	%
Commercial Services & Supplies
Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30)	Class A Units	N/A			N/A	1,157		1,157		1,157
Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30)	Class B Units	N/A			N/A	1,156,728		—		—
								1,157		1,157		—	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Construction & Engineering
Dodge Construction Network Holdings, L.P.(3)(4)(29)(30)	Class A-2 Common Units	N/A			N/A	3,333,333		2,841	400
Dodge Construction Network Holdings, L.P.(3)(4)(6)(30)	Series A Preferred Units	N/A		8.25%	N/A	—		69	46
								2,910	446	—	%
Diversified Consumer Services
SLA Eclipse Co-Invest, L.P.(29)(30)(31)	LP Interest	N/A			N/A	$	15,000	15,308	19,884
								15,308	19,884	0.2	%
Diversified Financial Services
Amergin Asset Management, LLC(3)(4)(29)(30)	Specialty finance equity investment	N/A			N/A	50,000,000		783	2,137
Brex, Inc.(3)(4)(29)(30)	Class A Units	N/A			N/A	1,358,335		9,997	9,997
Brex, Inc.(4)(29)(30)	Preferred Stock	N/A			N/A	143,943		5,012	3,678
Juniper Square, Inc.(3)(4)(29)(30)	Warrants	N/A			N/A	40,984		2,128	1,471
								17,920	17,283	0.2	%
Health Care Equipment & Supplies
KPCI Co-Invest 2, L.P.(3)(4)(29)(30)(31)	Class A Units	N/A			N/A	587,621		5,876	5,876
								5,876	5,876	0.1	%

Health Care Technology
BEHP Co-Investor II, L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	$	2,540	1,901	3,668
Minerva Holdco, Inc.(3)(4)(6)(30)	Senior A Preferred Stock	N/A		10.75%	N/A	100,000		149,119	150,641
ModMed Software Midco Holdings, Inc. (dba ModMed)(3)(4)(6)(30)	Series A Preferred Units	N/A		13.00%	N/A	32,375		34,437	34,718
Orange Blossom Parent, Inc.(3)(4)(29)(30)	Common Units	N/A			N/A	16,667		1,665	1,720
WP Irving Co-Invest, L.P.(3)(4)(29)(30)(31)	Partnership Units	N/A			N/A	2,500,000		1,833	3,611
								188,955	194,358	2.4	%
Health Care Providers & Services
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(29)(30)	Class A Interest	N/A			N/A	317		3,521	4,401
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(3)(4)(6)(30)	Series A Preferred Stock	N/A		15.00%	N/A	8,838		11,439	9,844
								14,960	14,245	0.2	%
Hotels, Restaurants & Leisure
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(3)(4)(6)(30)	Series A Preferred Stock	N/A		12.00%	N/A	25,000		32,661	36,988
								32,661	36,988	0.5	%
Insurance
Accelerate Topco Holdings, LLC(3)(4)(29)(30)	Common Units	N/A			N/A	12,822		612	566
								612	566	—	%
Internet & Direct Marketing Retail
Kajabi Holdings, LLC(4)(29)(30)	Senior Preferred Class D Units	N/A			N/A	4,126,175		50,025	39,573
Linked Store Cayman Ltd. (dba Nuvemshop)(3)(4)(29)(30)(31)	Series E Preferred Stock	N/A			N/A	19,499		42,496	39,383
								92,521	78,956	1.0	%
IT Services
JumpCloud, Inc.(4)(29)(30)	Series B Preferred Stock	N/A			N/A	756,590		4,531	782
JumpCloud, Inc.(4)(29)(30)	Series F Preferred Stock	N/A			N/A	6,679,245		40,017	28,343

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Nscale Global Holdings Limited(3)(4)(29)(30)(31)	Preferred equity	N/A			N/A	$	7,507	7,507	7,507
Nscale Global Holdings Limited(3)(4)(29)(30)(31)	Series B Preferred Shares	N/A			N/A	13,174		5,005	5,005
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(3)(4)(10)(30)	Perpetual Preferred Stock	S+		10.75%	N/A	44,100		61,572	60,612
Replicated, Inc.(4)(29)(30)	Series C Preferred Stock	N/A			N/A	1,277,832		20,008	5,778
WMC Bidco, Inc. (dba West Monroe)(3)(4)(6)(30)	Senior Preferred Stock	N/A		11.25%	N/A	57,231		89,850	89,704
								228,490	197,731	2.5	%
Life Sciences Tools & Services
Baypine Commander Co-Invest, LP(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	$	1,807	1,818	1,979
								1,818	1,979	—	%
Pharmaceuticals
XOMA Corporation(3)(4)(29)(30)	Warrants	N/A			N/A	24,000		174	230
								174	230	—	%
Professional Services
CloudPay, Inc.(3)(4)(6)(30)(31)	Series E Preferred Stock	N/A		13.50%	N/A	87,370		22,661	22,653
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(3)(4)(6)(30)	Series A Preferred Stock	N/A		10.50%	N/A	28,000		42,704	36,535
Thunder Topco L.P. (dba Vector Solutions)(3)(4)(29)(30)	Common Units	N/A			N/A	7,857,410		7,857	9,348
TravelPerk, Inc.(3)(4)(29)(30)(31)	Warrants	N/A			N/A	259,807		4,447	5,764
Vestwell Holdings Inc.(3)(4)(29)(30)	Series D Preferred Stock	N/A			N/A	304,350		6,022	6,646

								83,691	80,946	1.0	%
Road & Rail
Bolt Technology OÜ(4)(29)(30)(31)	Preferred Stock	N/A			N/A	43,478		11,318	12,476
								11,318	12,476	0.2	%
Systems Software
Algolia, Inc.(4)(29)(30)	Series C Preferred Stock	N/A			N/A	970,281		10,000	17,523
Algolia, Inc.(4)(29)(30)	Series D Preferred Stock	N/A			N/A	136,776		4,000	3,027
Arctic Wolf Networks, Inc.(4)(29)(30)	Preferred Stock	N/A			N/A	3,032,840		25,036	28,149
Axonius, Inc.(4)(29)(30)	Series E Preferred Stock	N/A			N/A	1,733,274		8,149	10,000
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(3)(4)(29)(30)	Common Units	N/A			N/A	12,692,160		12,692	21,299
Chrome Investors LP(3)(4)(22)(29)(30)(31)	LP Interest	N/A			N/A	$	16,407	16,417	16,407
Circle Internet Services, Inc.(4)(29)(30)	Warrants	N/A			N/A	244,580		6	538
Circle Internet Services, Inc.(4)(29)(30)	Series D Preferred Stock	N/A			N/A	2,934,961		15,000	14,175
Circle Internet Services, Inc.(4)(29)(30)	Series E Preferred Stock	N/A			N/A	821,806		6,917	4,978
Circle Internet Services, Inc.(4)(29)(30)	Series F Preferred Stock	N/A			N/A	75,876		1,500	788
Elliott Alto Co-Investor Aggregator L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	$	14,627	21,934	33,569
Excalibur CombineCo, L.P.(3)(4)(29)(30)	Class A Units	N/A			N/A	97,502		99,452	61,132

Halo Purchaser, LLC(3)(4)(6)(30)	Class B PIK Preferred Equity	N/A		6.00%	N/A	45,000		51,884	41,809
Halo Purchaser, LLC(3)(4)(29)(30)	Class H Warrant Units	N/A			N/A	67,301		1,686	1,686
HARNESS INC.(4)(29)(30)(32)	Series D Preferred Stock	N/A			N/A	1,022,648		9,169	14,376
Illumio, Inc.(4)(29)(30)	Common stock	N/A			N/A	358,365		2,432	1,725
Illumio, Inc.(4)(29)(30)	Series F Preferred Stock	N/A			N/A	2,483,618		16,684	16,249
Project Hotel California Co-Invest Fund, L.P.(3)(29)(30)(31)	LP Interest	N/A			N/A	$	10,739	14,721	17,480

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Veeam Software Group(3)(4)(29)(30)	Series C Preferred Shares	N/A			N/A	7,402,296	54,830		54,830
							372,509		359,740		4.5	%
Thrifts & Mortgage Finance
Blend Labs, Inc.(3)(4)(29)(30)	Warrants	N/A			N/A	299,215	1,625		2
							1,625		2		—	%
Total non-controlled/non-affiliated portfolio company equity investments							$	1,297,390	$	1,404,672	17.5	%
Total non-controlled/non-affiliated portfolio company investments							$	13,262,010	$	13,363,077	166.2	%

Non-controlled/affiliated portfolio company investments
Debt Investments(7)
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(6)(24)(31)	Specialty finance debt investment	N/A		12.00%	7/2030	16,312	16,303		16,312
AAM Series 2.1 Aviation Feeder, LLC(3)(4)(6)(24)(31)	Specialty finance debt investment	N/A		12.00%	11/2030	21,140	21,146		21,140
							37,449		37,452		0.5	%
Insurance
Coherent Group Inc.(3)(4)(6)(24)(31)	Convertible notes	N/A	5.30%		3/2027	3,029	3,029		3,029
							3,029		3,029		—	%
Internet & Direct Marketing Retail
Walker Edison Furniture Company LLC(3)(4)(9)(22)(24)(28)(29)	First lien senior secured loan	S+		6.75%	3/2027	15,903	11,139		154
Walker Edison Furniture Company LLC(3)(4)(6)(22)(24)(28)(29)	First lien senior secured loan	N/A	10.00%		2/2026	4,501	4,386		4,535
Walker Edison Furniture Company LLC(3)(4)(9)(22)(24)(28)(29)	First lien senior secured revolving loan	S+		6.25%	3/2027	4,495	4,496		—
							20,021		4,689		0.1	%

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
IT Services
Pluralsight, LLC(3)(4)(9)(24)	First lien senior secured loan	S+	3.00%	1.50%	8/2029	30,795	30,795		30,180
Pluralsight, LLC(3)(4)(9)(24)(28)(29)	First lien senior secured loan	S+		7.50%	8/2029	35,340	34,303		28,890
							65,098		59,070		0.7	%
Total non-controlled/affiliated debt investments							$	125,597	$	104,240	1.3	%
Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)							—		(354)		—	%
Total non-controlled/affiliated portfolio company debt investments							$	125,597	$	103,886

Form: 10-Q

Documents