August 5, 2026 - 10-Q: Quarterly report [Sections 13 or 15(d)] | Blue Owl Technology Finance Corp. (OTF)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________________________________________________

FORM 10-Q

______________________________________________________________________________


(Mark One)
☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the period ended June 30, 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 ☒ 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 ☒ 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 ☒

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 ☒

As of July 29, 2026, the registrant had 458,185,389 shares of common stock, $0.01 par value per share, outstanding.

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		Page
PART I	FINANCIAL INFORMATION
Item 1.	Financial Statements	5
	Consolidated Statements of Assets and Liabilities as o f June 30, 2026 (Unaudited) and December 31, 2025	5
	Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 2025 (Unaudited)	6
	Consolidated Statements of Changes in Net Assets for the Three and Six Months Ended June 30, 2026 and 2025 (Unaudited)	7
	Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025 (Unaudited)	8
	Consolidated Schedules of Investments as of June 30, 2026 (Unaudited) and December 31, 2025	9
	Notes to Consolidated Financial Statements (Unaudited)	62
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	112
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	145
Item 4.	Controls and Procedures	146

PART II	OTHER INFORMATION
Item 1.	Legal Proceedings	147
Item 1A.	Risk Factors	147
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	147
Item 3.	Defaults Upon Senior Securities	147
Item 4.	Mine Safety Disclosures	147
Item 5.	Other Information	147
Item 6.	Exhibits	148
Signatures

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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

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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”).

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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 June 30, 2026 (Unaudited)		As of December 31, 2025
Assets
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $13,997,430 and $13,262,010, respectively)	$	13,643,875	$	13,363,077
Non-controlled, affiliated investments (amortized cost of $854,843 and $736,415, respectively)	728,216		692,202
Controlled, affiliated investments (amortized cost of $150,520 and $128,788, respectively)	308,447		230,760
Total investments at fair value (amortized cost of $15,002,793 and $14,127,213, respectively)	14,680,538		14,286,039
Cash (restricted cash of $— and $—, respectively)	210,276		282,257
Foreign cash (cost of $3,435 and $709, respectively)	3,230		667
Interest and dividend receivable	114,967		88,553
Receivable from a controlled affiliate	897		720
Prepaid expenses and other assets	44,993		56,775
Total Assets	$	15,054,901	$	14,715,011
Liabilities
Debt (net of unamortized debt issuance costs of $95,067 and $84,123, respectively)	$	7,157,528	$	6,288,200
Distribution payable	183,068		185,749
Management fee payable	53,949		48,556
Incentive fee payable	29,316		68,085
Payables to affiliates	—		64
Payable for investments purchased	1,558		3,006
Accrued expenses and other liabilities	89,617		79,753
Total Liabilities	$	7,515,036	$	6,673,413
Commitments and contingencies (Note 8)
Net Assets
Common shares $0.01 par value, 1,000,000,000 shares authorized; 457,612,537 and 464,047,623 shares issued and outstanding, respectively	$	4,576	$	4,640
Additional paid-in-capital	7,477,530		7,573,712
Total accumulated undistributed earnings	57,759		463,246
Total Net Assets	7,539,865		8,041,598
Total Liabilities and Net Assets	$	15,054,901	$	14,715,011
Net Asset Value Per Share	$	16.48	$	17.33

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

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Blue Owl Technology Finance Corp.

Consolidated Statements of Operations

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

(Unaudited)


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Investment Income
Investment income from non-controlled, non-affiliated investments:
Interest income	$	273,492	$	264,998	$	541,814	$	408,356
Payment-in-kind ("PIK") interest income	24,969		22,648		49,026		37,929
Dividend income	453		539		978		539
PIK dividend income	13,657		15,455		28,001		23,855
Other income	4,167		4,105		7,343		8,744
Total investment income from non-controlled, non-affiliated investments	316,738		307,745		627,162		479,423
Investment income from non-controlled, affiliated investments:
Interest income	1,641		1,612		2,670		2,233
PIK interest income	255		955		1,033		2,131
Dividend income	15,073		5,866		24,700		12,019
PIK dividend income	3,405		3,119		6,772		6,202
Other income	23		32		45		83
Total investment income from non-controlled, affiliated investments	20,397		11,584		35,220		22,668
Investment income from controlled, affiliated investments:
Dividend income	897		138		1,590		193
Total investment income from controlled, affiliated investments	897		138		1,590		193
Total Investment Income	338,032		319,467		663,972		502,284
Operating Expenses
Interest expense	$	108,791	$	87,327	$	212,616	$	139,013
Management fees, net(1)	53,948		32,540		107,861		48,416
Performance based incentive fees	29,316		28,052		18,631		37,493
Professional fees	3,090		2,841		5,831		6,209
Listing advisory fees	—		4,821		—		4,821
Directors' fees	420		314		694		573

Other general and administrative	3,401		3,055		6,687		4,558
Total Operating Expenses	198,966		158,950		352,320		241,083
Net Investment Income (Loss) Before Taxes	139,066		160,517		311,652		261,201
Income tax expense (benefit), including excise tax expense (benefit)	422		146		1,697		3,498
Net Investment Income (Loss) After Taxes	138,644		160,371		309,955		257,703
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss):
Non-controlled, non-affiliated investments	$	11,954	$	19,330	$	(436,630)	$	(655)
Non-controlled, affiliated investments	(38,635)		19,194		(82,410)		18,435
Controlled, affiliated investments	54,299		14,684		55,955		14,686
Translation of assets and liabilities in foreign currencies and other transactions	7,102		24,894		3,443		25,968
Income tax (provision) benefit	—		(48)		79		(843)
Total Net Change in Unrealized Gain (Loss)	34,720		78,054		(459,563)		57,591
Net realized gain (loss):
Non-controlled, non-affiliated investments	$	(14,349)	$	(12,106)	$	109,474	$	(10,259)
Non-controlled, affiliated investments	(2,020)		—		(25,176)		—
Foreign currency transactions	(2,773)		(24,832)		(359)		(25,416)
Total Net Realized Gain (Loss)	(19,142)		(36,938)		83,939		(35,675)
Total Net Realized and Change in Unrealized Gain (Loss)	$	15,578	$	41,116	$	(375,624)	$	21,916
Net Increase (Decrease) in Net Assets Resulting from Operations	$	154,222	$	201,487	$	(65,669)	$	279,619
Earnings Per Share - Basic and Diluted	$	0.33	$	0.43	$	(0.14)	$	0.80
Weighted Average Shares Outstanding - Basic and Diluted	460,878,695		465,124,070		462,563,216		350,872,326

_______________

(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.

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Blue Owl Technology Finance Corp.

Consolidated Statements of Changes in Net Assets

(Amounts in thousands)

(Unaudited)


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Increase (Decrease) in Net Assets Resulting from Operations
Net investment income (loss)	$	138,644	$	160,371	$	309,955	$	257,703
Net change in unrealized gain (loss)	34,720		78,054		(459,563)		57,591
Net realized gain (loss)	(19,142)		(36,938)		83,939		(35,675)
Net Increase (Decrease) in Net Assets Resulting from Operations	154,222		201,487		(65,669)		279,619
Distributions
Distributions declared from earnings	(183,068)		(162,792)		(367,647)		(235,299)
Net Decrease in Net Assets Resulting from Shareholders' Distributions	(183,068)		(162,792)		(367,647)		(235,299)
Capital Share Transactions
Repurchase of common shares	(55,137)		—		(105,321)		—
Reinvestment of distributions	18,395		—		36,904		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	(36,742)		—		(68,417)		4,315,948
Total Increase (Decrease) in Net Assets	$	(65,588)	$	38,695	$	(501,733)	$	4,360,268
Net Assets, at beginning of period	7,605,453		7,946,723		8,041,598		3,625,150
Net Assets, at End of Period	$	7,539,865	$	7,985,418	$	7,539,865	$	7,985,418

_______________

(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.

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Blue Owl Technology Finance Corp.

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)


	For the Six Months Ended June 30,
	2026		2025
Cash Flows from Operating Activities
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(65,669)	$	279,619
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	(2,015,512)		(1,272,908)
Proceeds from investments and investment repayments, net	1,336,506		692,311
Net accretion/amortization of discount/premium on investments	(26,794)		(25,529)
Net change in unrealized (gain) loss on investments	463,085		(32,466)
Net change in unrealized (gain) loss on interest rate swaps attributed to unsecured notes	(29,728)		20,992
Net change in unrealized (gain) loss on foreign currency forward contracts	(21,641)		(11,400)
Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies	18,198		(25,968)
Net realized (gain) loss on investments	(84,298)		10,259
Net realized (gain) loss on foreign currency transactions relating to investments	(2,443)		(3,581)
Net realized (gain) loss on foreign currency transactions relating to debt	—		29,674

Payment-in-kind interest and dividends	(83,039)		(76,286)
Amortization of debt issuance costs	15,771		11,058

Cash acquired in the Mergers	—		647,248
Changes in operating assets and liabilities:

(Increase) decrease in dividend income receivable	(26,591)		33,911
(Increase) decrease in prepaid expenses and other assets	31,279		3,227
Increase (decrease) in management fee payable	5,393		6,033
Increase (decrease) in incentive fee payable	(38,769)		6,236
Increase (decrease) in payables to affiliate	(64)		(1,842)
Increase (decrease) in payable for investments purchased	(1,448)		(52,796)
Increase (decrease) in accrued expenses and other liabilities	11,806		(105,734)
Net cash provided by (used in) operating activities	(513,958)		132,058
Cash Flows from Financing Activities
Borrowings on debt	3,230,000		1,030,000
Payments on debt	(2,320,000)		(1,129,340)
Debt issuance costs	(26,715)		(13,636)

Repurchases of common stock	(105,321)		—
Cash Distributions paid to shareholders	(333,424)		(105,559)
Net cash provided by (used in) financing activities	444,540		(218,535)
Net increase (decrease) in cash and restricted cash, including foreign cash	(69,418)		(86,477)
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)	$	213,506	$	170,523
Supplemental and Non-Cash Information
Interest paid during the period	$	182,029	$	138,677
Distributions recorded in the period	367,647		235,299
Reinvestment of distributions during the period	36,904		37,945
Distributions Payable	183,068		162,793
Issuance of shares in connection with the merger(2)	—		4,278,003

Taxes, including excise tax, paid during the period	7,997		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” for additional information on the Mergers.

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

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Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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	—	$	43,765	$	43,428
ManTech International Corporation(3)(4)(9)	First lien senior secured loan	S+	4.50%		9/2029	76,409		—	76,451		75,072
Peraton Corp.(3)(4)(9)	Second lien senior secured loan	S+	7.75%		2/2029	84,551		—	84,014		56,649
									204,230		175,149		2.3	%
Airlines
Accommodations Plus Technologies LLC(3)(4)(9)	First lien senior secured loan	S+	5.25%		5/2032	48,600		—	48,172		47,385
									48,172		47,385		0.6	%
Air Freight & Logistics
Auctane, Inc. (f/k/a Stamps.com Inc.)(3)(4)(9)	First lien senior secured loan	S+	5.75%		6/2033	93,750		—	92,356		92,344
									92,356		92,344		1.2	%
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		—	52,016		50,980
AlphaSense, Inc.(3)(4)(9)	First lien senior secured loan	S+	6.25%		6/2029	59,360		—	59,012		59,063
Anaplan, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		6/2029	123,119		—	123,119		120,965
Armstrong Bidco Limited(3)(4)(19)(31)	First lien senior secured GBP term loan	SA+	5.25%		6/2029	£	16,173	—	20,230		20,822
Arrow Borrower 2025, Inc. (dba AvidXchange)(3)(4)(9)	First lien senior secured loan	S+	4.25%		10/2032	36,960		—	36,792		35,944
Artifact Bidco, Inc. (dba Avetta)(3)(4)(9)	First lien senior secured loan	S+	4.15%		7/2031	34,579		—	34,452		34,492
Avalara, Inc.(3)(9)	First lien senior secured loan	S+	2.50%		3/2032	2,462		—	2,410		2,354
BCTO WIW Holdings, Inc. (dba When I Work)(3)(4)(6)	Senior convertible notes	N/A		5.50%	8/2030	—		4,871,573	4,694		4,694
BusinessSolver.com, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		12/2032	84,467		—	84,075		82,144
CALABRIO, INC.(3)(9)	First lien senior secured loan	S+	4.00%		11/2032	10,000		—	9,532		7,708
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(3)(4)(9)	First lien senior secured loan	S+	5.25%		8/2027	75,243		—	74,835		71,857
CivicPlus, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	3.25%	2.75%	8/2030	106,778		—	106,338		104,554
Coupa Holdings, LLC(3)(4)(9)	First lien senior secured loan	S+	5.25%		2/2030	91,528		—	91,524		88,095
Coupa Holdings, LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.25%		2/2029	3,901		—	3,901		3,682
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(3)(4)(9)	Unsecured notes	S+		11.75%	6/2034	30,908		—	30,680		30,368
Dawn Bidco, LLC (dba Dayforce)(3)(9)	First lien senior secured loan	S+	3.00%		10/2032	2,500		—	2,404		2,272
Einstein Parent, Inc. (dba Smartsheet)(3)(4)(9)	First lien senior secured loan	S+	5.25%		1/2031	105,186		—	104,334		103,346

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Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Gainsight, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.50%		7/2027	67,754		—	67,550	66,907
Granicus, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	2.25%	1/2031	3,993		—	3,981	3,943
Granicus, Inc.(3)(4)(9)	First lien senior secured delayed draw term loan	S+	3.00%	2.25%	1/2031	593		—	589	578
Granicus, Inc.(3)(4)(12)(22)	First lien senior secured revolving loan	P+	4.25%		1/2031	44		—	42	37
GS Acquisitionco, Inc. (dba insightsoftware)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		5/2028	57,070		—	56,937	54,643
Gusto, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		11/2030	46,280		—	46,126	46,165
IGT Holding IV AB (dba IFS)(3)(9)(31)	First lien senior secured loan	S+	3.00%		9/2031	3,990		—	3,923	3,893
Infobip Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	5.25%		6/2029	67,027		—	66,254	66,356
Jawbreaker Parent, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.75%		1/2033	124,121		—	123,476	122,259
JS Parent, Inc. (dba Jama Software)(3)(4)(9)	First lien senior secured loan	S+	4.75%		4/2031	26,874		—	26,831	26,874
Lighthouse Buyer, Inc. (dba Harbor Compliance)(3)(4)(9)(22)	First lien senior secured loan	S+	4.25%		12/2031	16,986		—	16,808	16,602
Lumen Bidco 1 Limited (dba Unit4)(3)(4)(14)(31)	First lien senior secured EUR term loan	E+	4.50%		6/2033	€	51,692	—	59,327	57,327
Magnet Forensics, LLC (f/k/a Grayshift, LLC)(3)(4)(8)(31)	First lien senior secured loan	S+	4.50%		7/2028	174,110		—	174,191	174,110
Ministry Brands Holdings, LLC(3)(4)(8)	First lien senior secured loan	S+	5.50%		12/2028	8,098		—	8,029	7,895
Onward Acquireco, Inc. (dba OneStream)(3)(4)(8)	First lien senior secured loan	S+	2.38%	2.68%	4/2033	157,918		—	157,347	157,326
Simpler Postage, Inc. (dba Easypost)(3)(4)(8)	First lien senior secured loan	S+	8.00%		6/2029	74,556		—	72,606	72,133
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)	First lien senior secured loan	S+	4.95%		3/2029	9,867		—	9,799	9,669
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)	First lien senior secured delayed draw term loan	S+	4.81%		3/2029	1,095		—	1,082	1,073
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	5.00%		3/2029	1,897		—	1,875	1,825
VCI Asset Holdings LLC(3)(4)(6)(31)	First lien senior secured loan	N/A	10.00%		11/2030	111,068		—	110,067	118,288
Velocity HoldCo III Inc. (dba VelocityEHS)(3)(4)(9)	First lien senior secured loan	S+	5.50%		5/2029	71,123		—	71,123	69,878
XPLOR T1, LLC(3)(4)(9)	First lien senior secured loan	S+	3.25%		12/2032	18,262		—	18,176	16,664
Zendesk, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		11/2028	180,113		—	179,228	174,259
									2,115,715	2,092,044	27.7	%




Beverages
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8)	First lien senior secured loan	S+	6.25%		3/2027	1,709		—	1,700	1,709
									1,700	1,709	—	%

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Building Products
EET Buyer, Inc. (dba e-Emphasys)(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		11/2029	48,461	—	48,346	47,709
								48,346	47,709	0.6	%
Buildings & Real Estate
Associations, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	6.50%		7/2028	148,881	—	148,795	148,881
Associations Finance, Inc.(3)(4)(6)	Unsecured notes	N/A		14.25%	5/2030	49,128	—	49,037	49,128
								197,832	198,009	2.6	%
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	19,730	—	19,573	19,730
Clearwater Analytics Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		6/2033	149,310	—	148,565	148,563
Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)(3)(4)(8)(22)	First lien senior secured loan	S+	5.50%		8/2032	87,487	—	86,223	80,394
								254,361	248,687	3.3	%
Commercial Services & Supplies
Sentinel Buyer Corp. (dba SimpliSafe)(3)(4)(8)	First lien senior secured loan	S+	5.00%		11/2032	23,856	—	23,638	23,558


								23,638	23,558	0.3	%
Construction & Engineering
Dodge Construction Network LLC(3)(9)	First lien senior secured loan	S+	6.25%		1/2029	4,089	—	4,033	4,096
Dodge Construction Network LLC(3)(9)	First lien senior secured loan	S+	4.75%		2/2029	6,004	—	5,124	4,484
Pike Corp.(4)(8)	First lien senior secured loan	S+	4.25%		12/2032	25,691	—	25,571	25,691
								34,728	34,271	0.5	%
Consumer Finance
Klarna Holding AB(3)(4)(9)(31)	Subordinated Floating Rate Notes	S+	7.00%		4/2034	65,334	—	65,357	65,334
								65,357	65,334	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	—	23,567	23,438
Icefall Parent, Inc. (dba EngageSmart)(3)(4)(9)	First lien senior secured loan	S+	4.50%		1/2030	30,068	—	30,068	29,842
Litera Bidco LLC(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		5/2028	186,798	—	186,391	183,478
Themis Solutions Inc. (dba Clio)(3)(4)(8)(31)	First lien senior secured loan	S+	1.75%	3.75%	10/2032	82,138	—	81,401	80,495

								321,427	317,253	4.2	%
Diversified Financial Services
Blackhawk Network Holdings, Inc.(3)(8)	First lien senior secured loan	S+	3.50%		3/2029	89,049	—	89,049	88,550
BTRS Holdings Inc. (dba Billtrust)(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		12/2028	155,325	—	155,121	151,724
Computer Services, Inc. (dba CSI)(3)(4)(9)	First lien senior secured loan	S+	4.50%		11/2031	228,007	—	227,806	224,017
Deerfield Dakota Holdings(3)(4)(9)	First lien senior secured loan	S+	3.00%	2.75%	9/2032	128,557	—	127,989	127,915

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Deerfield Dakota Holdings(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.25%		9/2032	4,345		—	4,293	4,286
Hg Genesis 8 Sumoco Limited(3)(4)(19)(31)	Unsecured facility	SA+	6.00%		9/2027	£	4,284	—	5,558	5,686
Hg Genesis 9 SumoCo Limited(3)(4)(14)(31)	Unsecured facility	E+		6.25%	3/2029	€	41,883	—	45,669	47,885
Hg Saturn Luchaco Limited(3)(4)(19)(31)	Unsecured facility	SA+		8.25%	3/2027	£	46,076	—	58,885	61,154
Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(8)	First lien senior secured loan	S+	5.00%		6/2030	185,405		—	184,706	184,942
ML Holdco, Inc. (dba Meridian Link)(3)(4)(9)	First lien senior secured loan	S+	4.25%		10/2032	106,139		—	105,653	103,750
NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		9/2028	24,817		—	24,794	24,565
Smarsh Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		2/2029	88,922			88,675	84,878
Smarsh Inc.(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.75%		2/2029	4,968			4,954	4,599
									1,123,152	1,113,951	14.8	%
Diversified Support Services
CoreTrust Purchasing Group LLC(3)(4)(8)	First lien senior secured loan	S+	5.25%		10/2029	34,312		—	34,331	34,227
									34,331	34,227	0.5	%
Entertainment
Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(9)(31)	First lien senior secured loan	S+	5.25%		7/2031	173,404		—	172,488	173,404
Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(10)(31)	First lien senior secured delayed draw term loan	S+	5.25%		7/2031	40,503		—	40,075	40,503
									212,563	213,907	2.8	%
Equity Real Estate Investment Trusts (REITs)
Storable, Inc.(3)(8)	First lien senior secured loan	S+	3.25%		4/2031	9,876		—	9,850	8,782
Storable Intermediate Holdings, LLC(3)(4)(8)	First lien senior secured loan	S+		6.00%	4/2032	114,448		—	114,005	100,714
									123,855	109,496	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		—	187,031	185,685
									187,031	185,685	2.5	%
Health Care Equipment & Supplies
Cambrex Corporation(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		3/2032	46,034		—	45,627	45,785

Packaging Coordinators Midco, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		10/2032	147,136		—	145,522	145,663
Packaging Coordinators Midco, Inc.(3)(4)(19)	First lien senior secured delayed draw term loan	SA+	5.00%		10/2032	£	12,384	—	16,291	16,272
PerkinElmer U.S. LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		3/2029	75,065		—	74,692	74,690
									282,132	282,410	3.7	%
Health Care Providers & Services
Bristol Hospice L.L.C.(3)(4)(8)	First lien senior secured loan	S+	5.25%		8/2032	18,167		—	18,084	18,167

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Covetrus, Inc.(3)(4)(9)	Second lien senior secured loan	S+	9.25%		10/2030	75,000		—	73,647	75,000
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)(3)(4)(21)(22)(31)	First lien senior secured loan	C+	5.00%		1/2033	C$	56,978	—	40,817	39,937
Engage Debtco Limited(3)(4)(9)(31)	First lien senior secured loan	S+	3.08%	2.75%	7/2029	21,555		—	21,183	19,561

KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2029	135,271		—	134,403	134,595
Natural Partners, LLC(3)(4)(9)(31)	First lien senior secured loan	S+	4.50%		11/2030	21,771		—	21,698	21,771
PetVet Care Centers, LLC(3)(4)(8)	First lien senior secured loan	S+	6.00%		11/2030	76,538		—	74,560	66,588
PetVet Care Centers, LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.00%		11/2029	3,224		—	3,005	1,827
Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9)	First lien senior secured loan	S+	5.00%		9/2031	8,776		—	8,763	8,776
Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9)	First lien senior secured loan	S+	4.75%		9/2031	15,046		—	14,918	15,008
Vermont Aus Pty Ltd(3)(4)(17)(31)	First lien senior secured AUD term loan	B+	4.50%		3/2028	A$	12,774	—	8,436	8,828



									419,514	410,058	5.4	%
Health Care Technology

BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(9)	First lien senior secured loan	S+	5.75%		8/2028	124,188		—	123,455	123,567
BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.75%		8/2028	34,678		—	34,402	34,488
Color Intermediate, LLC (dba ClaimsXten)(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2029	47,187		—	47,216	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	156,379		—	156,188	156,379
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	41,571		—	41,363	41,365
GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)	First lien senior secured loan	S+	6.00%		10/2028	26,539		—	26,315	24,083
GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	6.00%		10/2027	1,290		—	1,280	1,085
Greenway Health, LLC(3)(4)(10)	First lien senior secured loan	S+	6.75%		4/2029	18,622		—	18,372	17,831
Himalaya Topco LLC (dba HealthEdge)(3)(4)(8)(22)	First lien senior secured loan	S+	3.00%	2.25%	6/2032	96,141		—	95,242	94,035
Himalaya Topco LLC (dba HealthEdge)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.00%		6/2032	2,270		—	2,143	1,980
Hyland Software, Inc.(3)(4)(8)	First lien senior secured loan	S+	4.75%		9/2030	147,542		—	147,584	143,116
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)	First lien senior secured loan	S+	4.00%	2.50%	12/2030	138,105		—	136,607	133,962
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	2,023

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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)(22)	First lien senior secured revolving loan	S+	6.00%		6/2030	10,949		—	10,815	10,557
Inovalon Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	2.75%	2.75%	11/2028	195,887		—	195,673	186,582
Inovalon Holdings, Inc.(3)(4)(9)	Second lien senior secured loan	S+		8.50%	11/2033	82,058		—	82,058	68,929
Interoperability Bidco, Inc. (dba Lyniate)(3)(4)(9)	First lien senior secured loan	S+	5.25%		3/2028	114,235		—	113,855	113,378
Modernizing Medicine, Inc. (dba ModMed)(3)(4)(9)	First lien senior secured loan	S+	2.50%	2.25%	4/2032	148,964		—	147,719	148,964
Neptune Holdings, Inc. (dba NexTech)(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2030	10,754		—	10,741	10,512
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	63,320
Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9)	First lien senior secured loan	S+	5.75%		8/2031	94,453		—	94,338	94,453


									1,657,837	1,620,108	21.5	%



Household Durables
BCTO BSI Buyer, Inc. (dba Buildertrend)(3)(4)(9)	First lien senior secured loan	S+	5.75%		12/2028	73,419		—	73,285	71,950
									73,285	71,950	1.0	%
Industrial Conglomerates
Aptean Acquiror, Inc. (dba Aptean)(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		1/2031	17,288		—	17,222	16,792
QAD, Inc.(3)(4)(8)	First lien senior secured loan	S+	4.75%		11/2027	86,806		—	86,807	85,938

									104,029	102,730	1.4	%
Insurance
AmeriLife Holdings LLC(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		8/2029	46,617		—	46,466	46,246
AmeriLife Holdings LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		8/2028	1,224		—	1,209	1,188
Diamond Insure Bidco (dba Acturis)(3)(4)(14)(31)	First lien senior secured EUR term loan	E+	3.75%		7/2031	€	8,121	—	8,686	9,145
Diamond Insure Bidco (dba Acturis)(3)(4)(19)(31)	First lien senior secured GBP term loan	SA+	4.00%		7/2031	£	21,743	—	27,767	28,425
Galway Borrower LLC(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	4.50%		9/2028	449		—	448	449
Integrity Marketing Acquisition, LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		8/2028	90,515		—	90,359	90,515
Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)(3)(4)(9)(22)	First lien senior secured loan	S+	4.50%		11/2032	3,310		—	3,294	3,274
Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.50%		11/2032	110		—	108	105
One, Inc. Software Corporation(3)(4)(9)	First lien senior secured loan	S+	4.50%		12/2032	144,280		—	143,604	142,838

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Simplicity Financial Marketing Group Holdings, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		12/2031	17,643		—	17,504	17,421
Trucordia Insurance Holdings, LLC(3)(4)(9)	Second lien senior secured loan	S+	5.75%		6/2033	60,500		—	59,956	54,601



									399,401	394,207	5.2	%
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	74,248
									73,397	74,248	1.0	%
IT Services
Flexera Software LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2032	20,995		—	20,949	20,470
Flexera Software LLC(3)(4)(13)	First lien senior secured EUR term loan	E+	4.50%		8/2032	€	5,300	—	6,194	5,908
Kaseya Inc.(3)(9)	First lien senior secured loan	S+	3.25%		3/2032	69,125		—	68,873	53,185
Kaseya Inc.(3)(4)(9)	Second lien senior secured loan	S+	5.00%		3/2033	19,884		—	19,818	11,980
NSCALE SERVICES UK LTD(3)(4)(9)(22)(31)	First lien senior secured delayed draw term loan	S+	5.00%		2/2031	6,984		—	4,003	4,500
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22)	First lien senior secured loan	S+	2.75%	2.25%	10/2031	99,988		—	98,908	95,195
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.75%		10/2031	5,848		—	5,740	5,351
Spaceship Purchaser, Inc. (dba Squarespace)(3)(4)(9)	First lien senior secured loan	S+	3.75%		10/2031	132,598		—	132,598	131,272

									357,083	327,861	4.3	%
Life Sciences Tools & Services
Bamboo US BidCo LLC(3)(4)(14)	First lien senior secured EUR term loan	E+	5.25%		9/2030	€	15,463	—	16,639	17,679
Bamboo US BidCo LLC(3)(4)(9)	First lien senior secured delayed draw term loan	S+	5.25%		9/2030	35,478		—	35,445	35,478
Bamboo US BidCo LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.25%		10/2029	1,795		—	1,795	1,795
Bracket Intermediate Holding Corp.(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2031	40,348		—	39,997	40,348
Bracket Intermediate Holding Corp.(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		10/2031	1,037		—	1,006	1,037
Caris Life Sciences, Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	5.00%		4/2031	28,929		—	28,791	28,784
Commander Buyer, Inc. (dba CenExel)(3)(4)(8)	First lien senior secured loan	S+	4.50%		6/2032	32,884		—	32,728	32,720
Creek Parent, Inc. (dba Catalent)(3)(4)(8)	First lien senior secured loan	S+	5.00%		12/2031	172,703		—	171,177	171,408

									327,578	329,249	4.4	%

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Media
Monotype Imaging Holdings Inc.(3)(4)(8)	First lien senior secured loan	S+	5.25%		2/2031	128,015		—	127,746	126,094
									127,746	126,094	1.7	%
Multiline Retail
PDI TA Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	2.50%	2/2031	27,065		—	26,831	25,847
PDI TA Holdings, Inc.(3)(4)(9)	First lien senior secured revolving loan	S+	5.50%		2/2031	2,263		—	2,244	2,161
									29,075	28,008	0.4	%
Pharmaceuticals
Foundation Consumer Brands, LLC(3)(4)(8)	First lien senior secured loan	S+	5.00%		2/2029	6,267		—	6,249	6,267
Pacific BidCo Inc.(3)(4)(10)(31)	First lien senior secured delayed draw term loan	S+	5.75%		8/2029	10,149		—	10,006	9,946

									16,255	16,213	0.2	%
Professional Services
Certinia Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2031	231,597		—	231,268	225,807
CloudPay, Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	7.50%		7/2029	24,500		—	24,291	23,765
Cornerstone OnDemand, Inc.(3)(4)(8)	Second lien senior secured loan	S+	6.50%		10/2029	71,667		—	71,125	41,208
Gerson Lehrman Group, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2028	37,696		—	37,594	37,130
Perk International Holdings Ltd (fka TK Operations Ltd)(3)(4)(8)(31)	First lien senior secured loan	S+	7.00%		5/2031	56,250		—	55,699	55,125
Proofpoint, Inc.(3)(9)	First lien senior secured loan	S+	3.00%		8/2028	3,119		—	3,113	3,006
Proofpoint, Inc.(3)(4)(14)	Second lien senior secured loan	E+	5.75%		12/2033	€	57,749	—	65,286	62,394
Proofpoint, Inc.(3)(4)(9)	Second lien senior secured loan	S+	5.75%		12/2033	66,014		—	66,014	62,383
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9)	First lien senior secured loan	S+	6.50%		5/2028	68,185		—	68,201	67,844
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14)	First lien senior secured EUR term loan	E+	6.75%		5/2028	€	11,685	—	12,637	13,294
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.50%		5/2028	738		—	739	711
Sovos Compliance, LLC(3)(8)	First lien senior secured loan	S+	3.25%		8/2029	19,110		—	19,110	17,872
Thunder Purchaser, Inc. (dba Vector Solutions)(3)(4)(9)	First lien senior secured loan	S+	5.25%		6/2028	137,661		—	137,184	135,251
Vestwell Holdings Inc.(3)(4)(9)	First lien senior secured loan	S+		7.00%	1/2031	87,591		—	86,773	84,964
Vestwell Holdings Inc.(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	7.00%		1/2031	2,327		—	2,327	1,714


									881,361	832,468	11.0	%

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Real Estate Management & Development
Conservice Midco, LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		2/2033	212,443		—	211,932	211,912
RealPage, Inc.(3)(9)	First lien senior secured loan	S+	3.75%		4/2028	34,563			34,450	32,433
RealPage, Inc.(3)(9)	First lien senior secured loan	S+	3.00%		4/2028	1,320		—	1,303	1,232
									247,685	245,577	3.3	%
Specialty Retail
Courier Plus, Inc. (dba Dutchie)(3)(4)(9)	First lien senior secured loan	S+	6.50%		5/2031	21,926		—	21,715	21,707
McQueen Bidco PTY LTD. (dba Infomedia)(3)(4)(9)(31)	First lien senior secured loan	S+	4.50%		12/2032	77,652		—	77,652	76,681
McQueen Bidco PTY LTD. (dba Infomedia)(3)(4)(14)(22)(31)	First lien senior secured revolving loan	E+	4.50%		12/2032	€	2,023	—	2,313	2,150
OECONNECTION LLC(3)(4)(8)	First lien senior secured loan	S+	4.50%		12/2032	37,471		—	37,295	36,909
									138,975	137,447	1.8	%
Systems Software
Acquia Inc.(3)(4)(9)	First lien senior secured loan	S+	6.00%		10/2026	188,298		—	188,185	183,120
Activate Holdings (US) Corp. (dba Absolute Software)(3)(4)(9)(31)	First lien senior secured loan	S+	5.25%		7/2030	53,711		—	53,727	52,905
Appfire Technologies, LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		3/2028	7,144		—	7,145	6,929
Arctic Wolf Networks, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.75%		2/2030	88,384		—	87,693	86,396
Arctic Wolf Networks, Inc.(3)(4)(6)	Senior convertible notes	N/A		3.00%	11/2030	132,871		—	195,741	195,417
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(3)(4)(8)	First lien senior secured loan	S+	6.00%		3/2031	93,843		—	93,111	92,201
Barracuda Parent, LLC(3)(9)	First lien senior secured loan	S+	4.50%		8/2029	22,683		—	20,639	15,320
Barracuda Parent, LLC(3)(9)	Second lien senior secured loan	S+	7.00%		8/2030	55,875		—	45,648	18,355
Barracuda Parent, LLC(3)(4)(9)	First lien senior secured loan	S+	6.50%		8/2029	20,442		—	19,991	15,434
Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)	First lien senior secured loan	S+	2.50%	3.00%	10/2028	160,429		—	160,452	157,621
Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		10/2027	6,408		—	6,392	6,178
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	3,317		—	3,221	3,162
ConnectWise, LLC(3)(9)	First lien senior secured loan	S+	3.50%		9/2028	9,027		—	8,869	8,277
Crewline Buyer, Inc. (dba New Relic)(3)(4)(9)	First lien senior secured loan	S+	6.75%		11/2030	213,236		—	211,342	208,438
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	144,306		—	143,862	143,585

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(9)	First lien senior secured loan	S+	2.75%		11/2029	7,462		—	7,207		7,047
Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(9)	Second lien senior secured loan	S+	5.25%		11/2030	30,000		—	29,979		27,264
Forescout Technologies, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		5/2032	153,797		—	153,365		150,337
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	119,740		—	119,526		117,944
LogRhythm, Inc.(3)(4)(9)	First lien senior secured loan	S+	7.50%		7/2029	4,790		—	4,695		3,712
Matterhorn Finco, Inc. (dba Nexthink)(3)(4)(9)	First lien senior secured loan	S+	5.50%		3/2033	189,561		—	188,646		188,613
Securonix, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.00%	3.75%	4/2029	41,856		—	39,811		32,647
Securonix, Inc.(3)(4)(9)(22)	First lien senior secured revolving loan	S+	7.00%		4/2029	2,373		—	2,088		807
Sitecore Holding III A/S(3)(4)(15)	First lien senior secured EUR term loan	E+	6.00%		3/2029	€	128,743	—	137,814		143,145
Sitecore Holding III A/S(3)(4)(10)	First lien senior secured loan	S+	6.00%		3/2029	22,321		—	22,289		21,707
Sitecore USA, Inc.(3)(4)(10)	First lien senior secured loan	S+	6.00%		3/2029	134,573		—	134,384		130,872
Sophos Holdings, LLC(3)(8)(31)	First lien senior secured loan	S+	3.50%		3/2027	14,388		—	14,398		13,317
Talon MidCo 2 Limited(3)(4)(8)(31)	First lien senior secured loan	S+	4.93%		8/2028	35,447			35,442		34,915

Tricentis Operations Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	2.75%	3.25%	2/2032	119,022			118,103		116,046
									2,369,218		2,297,164		30.5	%
Wireless Telecommunication Services
CCI BUYER, INC. (dba Consumer Cellular)(3)(4)(9)	First lien senior secured loan	S+	5.00%		5/2032	74,550		—	73,905		74,550
									73,905		74,550		1.0	%
Total non-controlled/non-affiliated debt investments									$	12,667,270	$	12,371,060	164.1	%
Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)									$	(4,751)	$	(16,044)	(0.2)	%
Total non-controlled/non-affiliated portfolio company debt investments									$	12,662,519	$	12,355,016	163.9	%

Equity Investments
Aerospace & Defense
Space Exploration Technologies Corp.(3)(29)(30)	Class A Common Stock	N/A			N/A	—		1,258,900	11,708		215,096

									11,708		215,096		2.9	%
Application Software
6Sense Insights, Inc.(3)(4)(29)(30)	Series E-1 Preferred Stock	N/A			N/A	—		1,580,642	48,102		23,359
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	—		133
AlphaSense, LLC(3)(4)(29)(30)	Series E Preferred Shares	N/A			N/A	—		1,422,042	13,176		21,691

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
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	217
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(3)(4)(6)(30)	Preferred Stock	N/A		10.50%	N/A	—	15,000	24,752	22,857
EShares, Inc. (dba Carta)(4)(29)(30)	Series E Preferred Stock	N/A			N/A	—	186,904	2,008	4,722
Harvey AI Corporation(3)(4)(29)(30)	Series F Preferred Stock	N/A			N/A	—	610,456	15,250	18,768
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	2,292	—	2,292	2,770
Nylas, Inc.(4)(29)(30)	Series C Preferred Stock	N/A			N/A	—	2,088,467	15,009	1,976
Project Alpine Co-Invest Fund, LP(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	13,333	—	16,381	15,258
Saturn Ultimate, Inc.(3)(4)(29)(30)	Common stock	N/A			N/A	—	5,580,593	25,008	10,641
Simpler Postage, Inc. (dba Easypost)(3)(4)(29)(30)	Warrants	N/A			N/A	—	216,891	2,635	2,218
Valor CI Blocker Feeder LP(3)(4)(22)(29)(30)(31)	LP Interest	N/A			N/A	5,708	—	5,551	5,957
VCI Intermediate TopCo 1 LLC(3)(4)(29)(30)(31)	Class B Units	N/A			N/A	6,170	—	5,978	6,294
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	—	4,749	7,531	7,262
								203,586	157,706	2.1	%
Banks
Capital One Financial Corp(3)(29)(30)(31)	Common stock	N/A			N/A	—	55,408	13,415	11,116
								13,415	11,116	0.1	%
Capital Markets
Acorns Grow Incorporated(3)(4)(6)(30)(31)	Series F Preferred Stock	N/A		5.00%	N/A	—	572,135	12,122	14,190
GT Silver Co-Invest SCSp(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	4,596	—	4,596	4,596
WP Silver Co-Invest, L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	4,596	—	4,596	4,596
								21,314	23,382	0.3	%
Commercial Services & Supplies
Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30)	Class A Units	N/A			N/A	—	1,157	1,157	1,200
Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30)	Class B Units	N/A			N/A	—	1,156,728	—	100
								1,157	1,300	—	%




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	16,518
								20,308	21,518	0.3	%
Diversified Financial Services
Amergin Asset Management, LLC(3)(4)(29)(30)	Specialty finance equity investment	N/A			N/A	—	50,000,000	783	2,061


Juniper Square, Inc.(3)(4)(29)(30)	Warrants	N/A			N/A	—	40,984	2,128	909

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Plaid Inc.(3)(4)(29)(30)	Class A Common Stock	N/A			N/A	—	26,998	7,628	7,625
								10,539	10,595	0.1	%
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	5,592
								5,876	5,592	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	5,085
Minerva Holdco, Inc.(3)(4)(6)(30)	Senior A Preferred Stock	N/A		10.75%	N/A	—	100,000	157,693	154,490
ModMed Software Midco Holdings, Inc. (dba ModMed)(3)(4)(6)(30)	Series A Preferred Units	N/A		13.00%	N/A	—	32,375	36,710	37,425
Orange Blossom Parent, Inc.(3)(4)(29)(30)	Common Units	N/A			N/A	—	16,667	1,665	1,581
WP Irving Co-Invest, L.P.(3)(4)(29)(30)(31)	Partnership Units	N/A			N/A	—	2,500,000	1,618	5,005
								198,256	203,586	2.7	%
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	1,670
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	12,409	10,026
								17,600	15,876	0.2	%



Insurance
Accelerate Topco Holdings, LLC(3)(4)(29)(30)	Common Units	N/A			N/A	—	12,822	612	580
								612	580	—	%
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	31,577
								92,521	67,713	0.9	%
IT Services
JumpCloud, Inc.(4)(29)(30)	Series B Preferred Stock	N/A			N/A	—	756,590	4,531	402
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	65,981	37,921
Nscale Limited(3)(4)(29)(30)(31)	Preferred equity	N/A			N/A	—	409,020	7,507	9,142
Nscale Limited(3)(4)(29)(30)(31)	Series B Preferred Shares	N/A			N/A	—	790,440	5,005	12,686

WMC Bidco, Inc. (dba West Monroe)(3)(4)(6)(30)	Senior Preferred Stock	N/A		11.25%	N/A	—	57,231	95,134	93,623
								218,175	179,671	2.4	%
Life Sciences Tools & Services
Baypine Commander Co-Invest, LP(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	1,807	—	1,818	1,894
								1,818	1,894	—	%

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Pharmaceuticals
XOMA Corporation(3)(4)(29)(30)	Warrants	N/A			N/A	—	24,000	174	462
								174	462	—	%
Professional Services
CloudPay, Inc.(3)(4)(6)(30)(31)	Series E Preferred Stock	N/A		13.50%	N/A	—	87,370	24,224	24,217
Perk Group Inc. (fka TravelPerk, Inc.)(3)(4)(29)(30)(31)	Warrants	N/A			N/A	—	61,314	—	749
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(3)(4)(6)(30)	Series A Preferred Stock	N/A		10.50%	N/A	—	28,000	44,993	21,770
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	3,187
Vestwell Holdings Inc.(3)(4)(29)(30)	Series D Preferred Stock	N/A			N/A	—	304,350	6,022	6,636
Vestwell Holdings Inc.(3)(4)(6)(30)	Series E Preferred Stock	N/A		13.25%	N/A	—	1,215,043	38,245	36,926
Vestwell Holdings Inc.(3)(4)(29)(30)	Warrants	N/A			N/A	—	95,629	—	1,718
								125,788	103,461	1.4	%
Road & Rail
Bolt Technology OÜ(4)(29)(30)(31)	Preferred Stock	N/A			N/A	—	43,478	11,318	9,475
								11,318	9,475	0.1	%
Systems Software
Algolia, Inc.(4)(29)(30)	Series C Preferred Stock	N/A			N/A	—	136,776	10,000	12,460
Algolia, Inc.(4)(29)(30)	Series D Preferred Stock	N/A			N/A	—	970,281	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	19,662
Chrome Investors LP(3)(4)(22)(30)(31)	LP Interest	N/A			N/A	16,407	—	16,417	17,228
Circle Internet Services, Inc.(4)(29)(30)	Warrants	N/A			N/A	—	113,832	6	126
Circle Internet Services, Inc.(4)(29)(30)	Series D Preferred Stock	N/A			N/A	—	2,934,961	15,000	8,688
Circle Internet Services, Inc.(4)(29)(30)	Series E Preferred Stock	N/A			N/A	—	821,806	6,917	3,839
Circle Internet Services, Inc.(4)(29)(30)	Series F Preferred Stock	N/A			N/A	—	75,876	1,500	822
Elliott Alto Co-Investor Aggregator L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	14,627	—	21,934	33,460
Excalibur CombineCo, L.P.(3)(4)(29)(30)	Class A Units	N/A			N/A	—	97,502	99,452	11,257
Halo Purchaser, LLC(3)(4)(6)(28)(29)(30)	Class B PIK Preferred Equity	N/A		6.00%	N/A	—	45,000	53,095	16,985
Halo Purchaser, LLC(3)(4)(29)(30)	Class E Warrant Units	N/A			N/A	—	67,301	1,686	5
HARNESS INC.(4)(29)(30)	Series D Preferred Stock	N/A			N/A	—	1,020,545	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	11,521

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Veeam Software Group(3)(4)(29)(30)	Series C Preferred Shares	N/A			N/A	—	7,402,296	54,830		55,247
VEPF VIII Co-Invest 8-A, L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	5,401	—	5,401		5,401
								379,121		259,833		3.4	%
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								$	1,334,911	$	1,288,859	17.1	%
Total non-controlled/non-affiliated portfolio company investments								$	13,997,430	$	13,643,875	181.0	%

Non-controlled/affiliated portfolio company investments(24)
Debt Investments(7)
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(6)(31)	Specialty finance debt investment	N/A		12.00%	7/2030	16,549	—	16,539		16,549
AAM Series 2.1 Aviation Feeder, LLC(3)(4)(6)(31)	Specialty finance debt investment	N/A		12.00%	11/2030	24,225	—	24,233		24,225
								40,772		40,774		0.5	%
Insurance
Coherent Group Inc.(3)(4)(6)(31)	Convertible notes	N/A		5.30%	3/2027	3,658	—	3,660		4,053
								3,660		4,053		0.1	%





IT Services
Pluralsight, LLC(3)(4)(8)	First lien senior secured loan	S+	3.00%	1.50%	8/2029	30,919	—	30,919		27,672
Pluralsight, LLC(3)(4)(8)(28)(29)(35)	First lien senior secured loan	S+		7.50%	8/2029	37,756	—	34,645		3,020

								65,564		30,692		0.4	%
Total non-controlled/affiliated debt investments								$	109,996	$	75,519	1.0	%
Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)								—		(1,859)		—	%
Total non-controlled/affiliated portfolio company debt investments								$	109,996	$	73,660	1.0	%

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)(26)(30)(31)(34)	Specialty finance equity investment	N/A			N/A	108,040	—	108,040		107,758
								108,040		107,758		1.4	%
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(22)(29)(30)(31)	Specialty finance equity investment	N/A			N/A	7,601	—	9,412		9,428
AAM Series 2.1 Aviation Feeder, LLC(3)(4)(29)(30)(31)	Specialty finance equity investment	N/A			N/A	8,583	—	11,137		13,185
								20,549		22,613		0.3	%
Insurance
Coherent Group Inc.(4)(29)(30)(31)	Series B Preferred Shares	N/A			N/A	—	456,035	12,210		10,031
Fifth Season Investments LLC(3)(4)(30)	Specialty finance equity investment	N/A			N/A	—	12	129,023		139,159
								141,233		149,190		2.0	%

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 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
Internet & Direct Marketing Retail
Signifyd Inc.(4)(6)(30)	Preferred equity	N/A		11.00%	N/A	—	2,755,121	158,745		118,788

								158,745		118,788		1.6	%
IT Services
Paradigmatic Holdco LLC (dba Pluralsight)(3)(4)(29)(30)	Common stock	N/A			N/A	—	10,119,090	26,850		—
								26,850		—		—	%
Pharmaceuticals
LSI Financing 1 DAC(3)(4)(30)(31)	Specialty finance equity investment	N/A			N/A	5,261	—	5,556		5,447
LSI Financing LLC(3)(5)(22)(30)(31)	Specialty finance equity investment	N/A			N/A	225,430	—	224,482		238,579
								230,038		244,026		3.2	%
Systems Software
Help HP SCF Investor, LP(3)(4)(29)(30)	LP Interest	N/A			N/A	59,333	—	59,392		12,181

								59,392		12,181		0.2	%

Total non-controlled/affiliated portfolio company equity investments								$	744,847	$	654,556	8.7	%
Total non-controlled/affiliated portfolio company investments								$	854,843	$	728,216	9.7	%

Controlled/affiliated portfolio company investments(24)
Equity Investments
Diversified Financial Services
Stripe Blue Owl Holdings LLC(3)(5)(26)(29)(30)(31)	LLC Interest	N/A			N/A	34,745		34,749		37,931
Revolut Ribbit Holdings, LLC(4)(29)(30)(31)	LLC interest	N/A			N/A	—	122,996	75,305		233,636
								110,054		271,567		3.6	%
Joint ventures
Blue Owl Credit SLF LLC(3)(5)(26)(30)(31)	LLC interest	N/A			N/A	39,656	—	39,666		36,089
Blue Owl Leasing LLC(3)(5)(26)(29)(30)(31)	LLC Interest	N/A			N/A	800	—	800		791

								40,466		36,880		0.5	%
Total controlled/affiliated portfolio company equity investments								$	150,520	$	308,447	4.1	%
Total controlled/affiliated portfolio company investments								$	150,520	$	308,447	4.1	%
Total Investments								$	15,002,793	$	14,680,538	194.7	%


	Interest Rate Swaps as of June 30, 2026
	Company Receives	Company Pays	Counterparty(a)	Maturity Date	Notional Amount		Fair Value		Upfront Payments/Receipts		Unrealized Appreciation (Depreciation)(b)		Hedged Instrument	Footnote Reference

Interest rate swap	6.75%	S + 2.56%	Goldman Sachs Bank USA	3/4/2029	$	700,000	$	942	$	—	$	942	April 2029 Notes	Notes 5 and 7
Interest rate swap	6.10%	S + 1.77%	SMBC Capital Markets, Inc.	2/15/2028	650,000		1,799		—		1,799		March 2028 Notes	Notes 5 and 7
Interest rate swap	6.13%	S + 2.50%	Regions Bank	1/23/2031	400,000		(6,087)		—		(6,087)		January 2031 Notes	Notes 5 and 7
Interest rate swap	6.50%	S + 2.54%	Regions Bank	10/15/2029	500,000		549		—		549		October 2029 Notes	Notes 5 and 7
Total					$	2,250,000	$	(2,797)			$	(2,797)

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

_______________

(a) The Company maintains International Swaps and Derivatives Association (“ISDA”) contracts with its derivatives counterparties.

(b) 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 June 30, 2026
	Notional Amount to be Purchased		Notional Amount to be Sold		Counterparty(a)	Maturity Date	Unrealized Appreciation (Depreciation)(b)
Foreign currency forward contract	$	184,530	£	136,285	Goldman Sachs Bank USA	7/20/2026	$	3,789
Foreign currency forward contract	$	16,934	£	12,500	SMBC Capital Markets, Inc.	7/20/2026	356
Foreign currency forward contract	$	6,296	€	5,301	SMBC Capital Markets, Inc.	7/17/2026	237
Foreign currency forward contract	$	334,694	€	282,460	Goldman Sachs Bank USA	7/17/2026	11,827
Foreign currency forward contract	$	66,778	€	57,071	SMBC Capital Markets, Inc.	7/17/2026	1,545
Foreign currency forward contract	$	9,255	A$	12,910	Goldman Sachs Bank USA	7/20/2026	325
Foreign currency forward contract	$	1,071	C$	1,454	Goldman Sachs Bank USA	10/13/2026	42
Foreign currency forward contract	€	15,740	$	18,281	Goldman Sachs Bank USA	7/17/2026	(290)
Foreign currency forward contract	$	60,512	€	51,692	Royal Bank of Canada	3/22/2027	757
Foreign currency forward contract	$	39,802	C$	54,652	Goldman Sachs Bank USA	10/13/2026	1,112
Total							$	19,700

_______________

(a) The Company maintains ISDA contracts with its derivatives counterparties.

(b) 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), the Canadian Overnight Repo Rate Average (“CORRA” or “C”, which can include one-, three- or six-month CORRA) 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 June 30, 2026 was 3.65%.

(9)The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2026 was 3.73%.

(10)The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2026 was 3.85%.

(11)Reserved.

(12)The interest rate on these loans is subject to Prime, which as of June 30, 2026 was 6.75%.

(13)The interest rate on these loans is subject to 1 month EURIBOR, which as of June 30, 2026 was 2.20%.

(14)The interest rate on these loans is subject to 3 month EURIBOR, which as of June 30, 2026 was 2.32%.

(15)The interest rate on this loan is subject to 6 month EURIBOR, which as of June 30, 2026 was 2.57%.

(16)Reserved.

(17)The interest rate on this loan is subject to 3 month BBSY, which as of June 30, 2026 was 4.46%.

(18)Reserved.

(19)The interest rate on these loans is subject to SONIA, which as of June 30, 2026 was 3.73%.

(20)Reserved.

(21)The interest rate on these loans is subject to 3 month CORRA, which as of June 30, 2026 was 2.29%.

(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”.

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


					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	$	—	$	18,852	$	—
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		(60)
AmeriLife Holdings LLC	First lien senior secured delayed draw term loan	2/2027	938		4,309		—
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured delayed draw term loan	2/2027	—		3,098		(77)
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured delayed draw term loan	7/2027	—		8,463		—
Associations, Inc.	First lien senior secured delayed draw term loan	7/2028	4,299		5,419		—
BCTO BSI Buyer, Inc. (dba Buildertrend)	First lien senior secured delayed draw term loan	1/2028	—		11,043		(166)
Bracket Intermediate Holding Corp.	First lien senior secured delayed draw term loan	10/2027	—		4,483		—
BusinessSolver.com, Inc.	First lien senior secured delayed draw term loan	12/2027	—		12,649		(316)
Caris Life Sciences, Inc.	First lien senior secured delayed draw term loan	4/2027	—		21,696		(54)
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	12,828		8,804		—
CivicPlus, LLC	First lien senior secured delayed draw term loan	12/2027	—		20,398		(306)
Clearwater Analytics Holdings, Inc.	First lien senior secured delayed draw term loan	12/2028	—		27,650		(69)
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)
Courier Plus, Inc. (dba Dutchie)	First lien senior secured delayed draw term loan	2/2027	—		21,926		(219)
Courier Plus, Inc. (dba Dutchie)	First lien senior secured delayed draw term loan	5/2028	—		9,648		—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	7/2027	10,373		3,484		—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	8/2027	—		2,768		(14)
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	7/2027	2,496		10,758		—
Databricks, Inc.	First lien senior secured delayed draw term loan	1/2028	—		53,026		—
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)	First lien senior secured delayed draw term loan	1/2028	1,025		6,147		—

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
Eagan Parent, Inc. (dba Elite)	First lien senior secured delayed draw term loan	9/2027	—	5,919	(44)
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured delayed draw term loan	1/2027	7,598	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	(209)
Gusto, Inc.	First lien senior secured delayed draw term loan	11/2027	—	8,845	(22)
Himalaya Topco LLC (dba HealthEdge)	First lien senior secured delayed draw term loan	12/2027	—	12,896	(193)
Himalaya Topco LLC (dba HealthEdge)	First lien senior secured delayed draw term loan	6/2027	673	12,225	—
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	8/2026	—	5,781	—
Iris Specialty Acquisition LLC (dba Integrated Specialty Coverages)	First lien senior secured delayed draw term loan	11/2028	49	500	—
Jawbreaker Parent, Inc.	First lien senior secured delayed draw term loan	1/2029	—	16,190	(162)
Lighthouse Buyer, Inc. (dba Harbor Compliance)	First lien senior secured delayed draw term loan	12/2028	—	13,698	(205)
Litera Bidco LLC	First lien senior secured delayed draw term loan	11/2026	38,195	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	(552)
NSCALE SERVICES UK LTD	First lien senior secured delayed draw term loan	8/2027	6,984	191,722	—
OECONNECTION LLC	First lien senior secured delayed draw term loan	12/2028	—	21,988	(275)
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	2,590	22,471	(55)
PerkinElmer U.S. LLC	First lien senior secured delayed draw term loan	10/2027	—	14,321	(18)
Perk International Holdings Ltd (fka TK Operations Ltd)	First lien senior secured delayed draw term loan	5/2028	—	18,750	(375)
Pike Corp.	First lien senior secured delayed draw term loan	12/2028	—	5,585	—
Onward Acquireco, Inc. (dba OneStream)	First lien senior secured delayed draw term loan	4/2028	—	67,238	(126)
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	(15)
Severin Acquisition, LLC (dba PowerSchool)	First lien senior secured delayed draw term loan	10/2027	5,049	14,496	—
Simplicity Financial Marketing Group Holdings, Inc.	First lien senior secured delayed draw term loan	12/2026	3,536	249	—

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
Smarsh Inc.	First lien senior secured delayed draw term loan	1/2027	1,945	14,384	(293)
Spaceship Purchaser, Inc. (dba Squarespace)	First lien senior secured delayed draw term loan	10/2027	—	25,836	(452)
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured delayed draw term loan	7/2027	927	2,242	—
Themis Solutions Inc. (dba Clio)	First lien senior secured delayed draw term loan	10/2027	—	34,320	(686)
Tricentis Operations Holdings, Inc.	First lien senior secured delayed draw term loan	2/2027	—	22,480	(450)
Lumen Bidco 1 Limited (dba Unit4)	First lien senior secured EUR delayed draw term loan	6/2030	—	5,541	(111)
Vestwell Holdings Inc.	First lien senior secured delayed draw term loan	1/2028	2,327	18,100	—
Accommodations Plus Technologies LLC	First lien senior secured revolving loan	5/2032	—	7,533	(188)
Activate Holdings (US) Corp. (dba Absolute Software)	First lien senior secured revolving loan	7/2029	—	3,363	(50)
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	—	25,129	—
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured revolving loan	8/2031	—	6,274	(157)
AmeriLife Holdings LLC	First lien senior secured revolving loan	8/2028	1,224	3,673	—
Anaplan, Inc.	First lien senior secured revolving loan	6/2028	—	12,963	(227)
Appfire Technologies, LLC	First lien senior secured revolving loan	3/2028	—	816	(24)
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	(139)
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured revolving loan	7/2030	—	6,046	(15)
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	(183)
Bamboo US BidCo LLC	First lien senior secured revolving loan	10/2029	1,795	3,333	—
Bayshore Intermediate #2, L.P. (dba Boomi)	First lien senior secured revolving loan	10/2027	6,408	6,723	—
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	(199)
Bracket Intermediate Holding Corp.	First lien senior secured revolving loan	10/2031	1,037	2,466	—
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	—

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
BusinessSolver.com, Inc.	First lien senior secured revolving loan	12/2032	—	5,634	(155)
Cambrex Corporation	First lien senior secured revolving loan	3/2032	1,458	3,644	—
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured revolving loan	8/2027	—	6,788	(305)
CCI BUYER, INC. (dba Consumer Cellular)	First lien senior secured revolving loan	5/2032	—	4,386	—
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	(460)
CivicPlus, LLC	First lien senior secured revolving loan	8/2030	—	8,734	(175)
Clearwater Analytics Holdings, Inc.	First lien senior secured revolving loan	6/2033	—	17,972	(90)
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	3,901	1,951	—
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	(481)
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured revolving loan	8/2031	—	20,378	—
Deerfield Dakota Holdings	First lien senior secured revolving loan	9/2032	4,345	7,505	—
Delinea Buyer, Inc. (f/k/a Centrify)	First lien senior secured revolving loan	3/2030	—	17,207	(86)
Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)	First lien senior secured revolving loan	8/2032	1,555	7,082	—
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)	First lien senior secured revolving loan	1/2033	615	4,508	—
Eagan Parent, Inc. (dba Elite)	First lien senior secured revolving loan	9/2032	—	3,157	(32)
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured revolving loan	11/2029	—	6,150	(92)
Einstein Parent, Inc. (dba Smartsheet)	First lien senior secured revolving loan	1/2031	—	10,881	(190)
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	—
Gainsight, Inc.	First lien senior secured revolving loan	7/2027	—	5,633	(70)

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
Galway Borrower LLC	First lien senior secured revolving loan	9/2028	62	134	—
Gerson Lehrman Group, Inc.	First lien senior secured revolving loan	12/2028	—	1,913	(29)
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured revolving loan	10/2027	1,290	921	—
Granicus, Inc.	First lien senior secured revolving loan	1/2031	44	504	—
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured revolving loan	5/2028	4,796	3	—
H&F Opportunities LUX III S.À R.L (dba Checkmarx)	First lien senior secured revolving loan	4/2028	—	25,783	(387)
Himalaya Topco LLC (dba HealthEdge)	First lien senior secured revolving loan	6/2032	2,270	12,239	—
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	(22)
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured revolving loan	6/2030	10,949	2,085	—
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	—	9,027	(68)
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	(243)
Jeppesen Holdings, LLC	First lien senior secured multi-currency revolving loan	11/2032	—	2,286	(34)
JS Parent, Inc. (dba Jama Software)	First lien senior secured revolving loan	4/2031	—	2,647	—
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)	First lien senior secured revolving loan	12/2029	—	15,521	(78)
Lighthouse Buyer, Inc. (dba Harbor Compliance)	First lien senior secured revolving loan	12/2031	548	2,192	—
Litera Bidco LLC	First lien senior secured revolving loan	5/2028	—	10,004	(175)
LogRhythm, Inc.	First lien senior secured revolving loan	7/2029	—	475	(107)
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	(166)
Matterhorn Finco, Inc. (dba Nexthink)	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	2,313	10,726	—
Ministry Brands Holdings, LLC	First lien senior secured revolving loan	12/2027	—	737	(18)

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


				Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
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	—
Monotype Imaging Holdings Inc.	First lien senior secured revolving loan	2/2030	—	15,982	(240)
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	(33)
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured revolving loan	9/2028	837	279	—
OECONNECTION LLC	First lien senior secured revolving loan	12/2032	—	5,791	(87)
One, Inc. Software Corporation	First lien senior secured revolving loan	12/2032	—	11,098	(111)
Onward Acquireco, Inc. (dba OneStream)	First lien senior secured revolving loan	4/2033	—	28,014	(105)
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	2,263	—	—
PetVet Care Centers, LLC	First lien senior secured revolving loan	11/2029	3,224	7,522	—
Pike Corp.	First lien senior secured revolving loan	12/2032	—	3,723	—
QAD, Inc.	First lien senior secured revolving loan	11/2027	—	11,429	(114)
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	—
Securonix, Inc.	First lien senior secured revolving loan	4/2028	2,373	4,746	—
Sensor Technology Topco, Inc. (dba Humanetics)	First lien senior secured revolving loan	5/2028	738	4,802	—
Severin Acquisition, LLC (dba PowerSchool)	First lien senior secured revolving loan	10/2031	5,848	5,848	—
Simplicity Financial Marketing Group Holdings, Inc.	First lien senior secured revolving loan	12/2031	—	1,905	(24)
Smarsh Inc.	First lien senior secured revolving loan	2/2029	4,968	3,697	—
Spaceship Purchaser, Inc. (dba Squarespace)	First lien senior secured revolving loan	10/2031	—	21,530	(484)
Talon MidCo 2 Limited	First lien senior secured revolving loan	8/2028	—	2,976	(45)
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	3/2029	—	1,682	(34)
Themis Solutions Inc. (dba Clio)	First lien senior secured revolving loan	10/2032	—	28,600	(572)
Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	6/2027	—	11,250	(197)
Tricentis Operations Holdings, Inc.	First lien senior secured revolving loan	2/2032	—	14,050	(351)

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


					Unfunded
Portfolio Company	Commitment Type	Commitment Expiration Date	Funded Commitment		Commitment		Fair Value(23)
Lumen Bidco 1 Limited (dba Unit4)	First lien senior secured EUR revolving loan	6/2033	—		5,541		(111)
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		(78)
Vestwell Holdings Inc.	First lien senior secured revolving loan	1/2031	—		5,696		(171)
Zendesk, Inc.	First lien senior secured revolving loan	11/2028	—		14,756		(480)










Total non-controlled/non-affiliated - debt commitments			$	208,546	$	1,841,061	$	(16,044)

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 CI Blocker Feeder LP	LP Interest	N/A	5,708		463		—
Total non-controlled/non-affiliated - equity commitments			$	23,785	$	4,983	$	—

Non-controlled/affiliated - debt commitments
Pluralsight, LLC	First lien senior secured delayed draw term loan	8/2029	$	—	$	12,649	$	(1,328)


Pluralsight, LLC	First lien senior secured revolving loan	8/2029	—		5,060		(531)

Total non-controlled/affiliated - debt commitments			$	—	$	17,709	$	(1,859)

Non-controlled/affiliated - equity commitments
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	Specialty finance equity investment	N/A	$	7,601	$	7,301	$	—
LSI Financing LLC	Specialty finance equity investment	N/A	225,430		51,495		—

Total non-controlled/affiliated - equity commitments			$	233,031	$	58,796	$	—
Total Portfolio Company Commitments			$	465,362	$	1,922,549	$	(17,903)

*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 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 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% of the portfolio company’s outstanding voting securities. Transactions related to the Company’s investments in non-controlled affiliates and controlled affiliates for the six months ended June 30, 2026, were as follows:

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)


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 June 30, 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	$	(133)	$	(462)	$	—	$	—	$	25,977	$	994	$	—	$	—
AAM Series 2.1 Aviation Feeder, LLC(c)	34,086		3,569		(69)		(176)		—		—		37,410		1,334		—		—
Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)	57,713		50,327		—		(282)		—		—		107,758		—		6,035		—
Coherent Group Inc.	16,535		631		—		(3,082)		—		—		14,084		96		—		—
Fifth Season Investments LLC	184,468		1,389		(46,236)		(462)		—		—		139,159		—		7,720		—
Help HP SCF Investor, LP	44,890		—		—		(32,709)		—		—		12,181		—		—		—
LSI Financing 1 DAC	6,657		—		(1,487)		277		—		—		5,447		—		243		—
LSI Financing LLC	102,235		153,888		(21,772)		4,228		—		—		238,579		—		10,702		—
Pluralsight, LLC	58,716		617		(153)		(30,347)		—		—		28,833		1,275		—		45

Signifyd Inc.	156,245		6,771		—		(44,228)		—		—		118,788		—		6,772		—
Walker Edison Furniture Company LLC	4,689		4,173		(8,519)		24,833		(25,176)		—		—		4		—		—
Total Non-Controlled Affiliates	$	692,202	$	221,969	$	(78,369)	$	(82,410)	$	(25,176)	$	—	$	728,216	$	3,703	$	31,472	$	45

Controlled Affiliates
Blue Owl Credit SLF LLC(d)	$	30,760	$	8,780	$	—	$	(3,451)	$	—	$	—	$	36,089	$	—	$	1,577	$	—
Blue Owl Leasing LLC(d)	5,102		—		(4,304)		(7)		—		—		791		—		13		—
Stripe Blue Owl Holdings LLC	17,493		17,256		—		3,182		—		—		37,931		—		—		—
Revolut Ribbit Holdings, LLC	177,405		—		—		56,231		—		—		233,636		—		—		—
Total Controlled Affiliates	$	230,760	$	26,036	$	(4,304)	$	55,955	$	—	$	—	$	308,447	$	—	$	1,590	$	—

(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.”

(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 June 30, 2026, the net estimated unrealized loss for U.S. federal income tax purposes was $108.4 million based on a tax cost basis of $14.8 billion. As of June 30, 2026, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $807.0 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $698.6 million.

(28)Investment was on non-accrual status as of June 30, 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 June 30, 2026, the aggregate fair value of these securities is $2.3 billion or 29.9% 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, 2022

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company

Investment

Acquisition Date

AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC

Specialty finance equity investment

July, 2022

AAM Series 2.1 Aviation Feeder, LLC

Specialty finance equity investment

July, 2022

Accelerate Topco Holdings, LLC

Common Units

March, 2025

Acorns Grow Incorporated

Series F Preferred Stock

March, 2025

Algolia, Inc.

Series C Preferred Stock

August, 2019

Algolia, Inc.

Series D Preferred Stock

July, 2021

Alpha Partners Technology Merger Corp

Common stock

July, 2021

Alpha Partners Technology Merger Corp

Warrants

July, 2023

AlphaSense, LLC

Series E Preferred Shares

June, 2024

Amergin Asset Management, LLC

Specialty finance equity investment

July, 2022

Arctic Wolf Networks, Inc.

Preferred Stock

July, 2021

Axonius, Inc.

Series E Preferred Stock

March, 2025

Baypine Commander Co-Invest, LP

LP Interest

June, 2025

BEHP Co-Investor II, L.P.

LP Interest

May, 2022

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

Extended Series C Warrants

May, 2021

Blend Labs, Inc.

Warrants

July, 2021

Blue Owl Credit SLF LLC

LLC Interest

August, 2024

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

Specialty finance equity investment

September, 2025

Blue Owl Leasing LLC

LLC Interest

October, 2025

Bolt Technology OÜ

Preferred Stock

December, 2021

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

Common Units

October, 2021

Capital One Financial Corp

Common Stock

April, 2026

Capital Integration Systems LLC (dba CAIS)

Class D Common Units

February, 2026

Chrome Investors LP

LP Interest

January, 2025

Circle Internet Services, Inc.

Warrants

May, 2019

Circle Internet Services, Inc.

Series D Preferred Stock

February, 2020

Circle Internet Services, Inc.

Series E Preferred Stock

May, 2021

Circle Internet Services, Inc.

Series F Preferred Stock

May, 2019

CloudPay, Inc.

Series E Preferred Stock

July, 2024

Coherent Group Inc.

Series B Preferred Shares

March, 2025

Diligent Preferred Issuer, Inc. (dba Diligent Corporation)

Preferred Stock

April, 2021

Elliott Alto Co-Investor Aggregator L.P.

LP Interest

September, 2022

EShares, Inc. (dba Carta)

Series E Preferred Stock

August, 2019

Excalibur CombineCo, L.P.

Class A Units

July, 2024

Fifth Season Investments LLC

Specialty finance equity investment

October, 2022

GT Silver Co-Invest SCSp

LP Interest

April, 2026

Halo Purchaser, LLC

Class B PIK Preferred Equity

November, 2025

Halo Purchaser, LLC

Class E Warrant Units

December, 2025

HARNESS INC.

Series D Preferred Stock

August, 2021

Harvey AI Corporation

Series F Preferred Stock

March, 2026

Help HP SCF Investor, LP

LP Interest

October, 2021

Illumio, Inc.

Common stock

June, 2021

Illumio, Inc.

Series F Preferred Stock

June, 2021

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

LP Interest

June, 2022

JumpCloud, Inc.

Series B Preferred Stock

September, 2021

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company

Investment

Acquisition Date

JumpCloud, Inc.

Series F Preferred Stock

December, 2021

Juniper Square, Inc.

Warrants

March, 2021

Kajabi Holdings, LLC

Senior Preferred Class D Units

March, 2021

Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)

Perpetual Preferred Stock

June, 2022

KPCI Co-Invest 2, L.P.

Class A Units

October, 2025

KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)

Class A Interest

December, 2023

Linked Store Cayman Ltd. (dba Nuvemshop)

Series E Preferred Stock

August, 2021

LSI Financing 1 DAC

Specialty finance equity investment

December, 2022

LSI Financing LLC

Specialty finance equity investment

November, 2024

Minerva Holdco, Inc.

Senior A Preferred Stock

May, 2021

ModMed Software Midco Holdings, Inc. (dba ModMed)

Series A Preferred Units

April, 2025

Nscale Limited

Preferred equity

September, 2025

Nscale Limited

Series B Preferred Shares

September, 2025

Nylas, Inc.

Series C Preferred Stock

June, 2021

Orange Blossom Parent, Inc.

Common Units

March, 2025

Paradigmatic Holdco LLC (dba Pluralsight)

Common stock

August, 2024

Perk Group Inc. (fka TravelPerk, Inc.)

Warrants

May, 2026

Plaid Inc.

Class A Common Stock

March, 2026

Polar Investors LP (dba Dentalcorp)

Common Equity

January, 2026

Project Alpine Co-Invest Fund, LP

LP Interest

June, 2022

Project Hotel California Co-Invest Fund, L.P.

LP Interest

August, 2022

Replicated, Inc.

Series C Preferred Stock

June, 2021

Revolut Ribbit Holdings, LLC

LLC Interest

September, 2021

Rome Topco Holdings, LLC (dba SimpliSafe)

Class A Units

November, 2025

Rome Topco Holdings, LLC (dba SimpliSafe)

Class B Units

November, 2025

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

Series A Preferred Stock

December, 2021

Saturn Ultimate, Inc.

Common stock

December, 2021

Signifyd Inc.

Preferred equity

April, 2021

Simpler Postage, Inc. (dba Easypost)

Warrants

June, 2024

SLA Eclipse Co-Invest, L.P.

LP Interest

September, 2019

Space Exploration Technologies Corp.

Class A Common Stock

March, 2021

Stripe Blue Owl Holdings LLC

LLC Interest

December, 2025

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

Series A Preferred Stock

October, 2021

Thunder Topco L.P. (dba Vector Solutions)

Common Units

June, 2021

TravelPerk, Inc.

Warrants

May, 2024

Valor CI Blocker Feeder LP

LP Interest

October, 2025

VCI Intermediate TopCo 1 LLC

Class B Units

November, 2025

Veeam Software Group

Series C Preferred Shares

December, 2025

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

Series A Preferred Stock

October, 2021

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

LP Interest

March, 2026

Vestwell Holdings Inc.

Series D Preferred Stock

December, 2023

Vestwell Holdings Inc.

Series E Preferred Stock

March, 2023

Vestwell Holdings Inc.

Warrants

January, 2026

WMC Bidco, Inc. (dba West Monroe)

Senior Preferred Stock

November, 2021

WP Irving Co-Invest, L.P.

Partnership Units

May, 2022

WP Silver Co-Invest, L.P.

LP Interest

April, 2026

Table of Contents

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company

Investment

Acquisition Date

XOMA Corporation

Warrants

December, 2023

Zoro TopCo, Inc.

Series A Preferred Equity

November, 2022

Zoro TopCo, L.P.

Class A Common Units

November, 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 June 30, 2026, non-qualifying assets represented 16.7% of total assets as calculated in accordance with the regulatory requirements.

(32)Reserved.

(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 June 30, 2026, the portfolio consists of five investments totaling $1.25 billion and $1.24 billion at cost and fair value, respectively, ranging in cost from $24.9 million to $454.4 million and with a fair value ranging from $24.9 million to $450.6 million. The largest investment is 36% of the total cost of BOCSO’s portfolio. As of June 30, 2026 the portfolio asset class composition was 72% ABF - Specialty finance, 26% ABF - Leasing, and 2% ABF - Commercial Real Estate.

(35)The Company may be entitled to receive additional interest as a result of an arrangement with other lenders in the syndication. In exchange for the higher interest rate, the “last-out” portion is at a greater risk of loss

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

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
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
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

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
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
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

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
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
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	%

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
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%

Form: 10-Q

Documents