Blue Owl Technology Finance Corp
NYSE:OTF
Blue Owl Technology Finance Corp
Blue Owl Technology Finance Corp is a US-based company operating in industry. The company is headquartered in New York City, New York. The company went IPO on 2025-06-12. Blue Owl Technology Finance Corp. is a closed-end management investment company. The firm is focused primarily on originating and making loans to and making debt and equity investments in technology-related, specifically software, companies based primarily in the United States. The company originates and invests in senior secured or unsecured loans, subordinated loans or mezzanine loans, and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio Company’s common equity. Its investment objective is to maximize total return by generating current income from debt investments and other income producing securities, and capital appreciation from its equity and equity-linked investments. The company may hold its investments directly or through special-purpose vehicles. Blue Owl Technology Credit Advisors LLC serves as its investment advisor.
Blue Owl Technology Finance Corp is a US-based company operating in industry. The company is headquartered in New York City, New York. The company went IPO on 2025-06-12. Blue Owl Technology Finance Corp. is a closed-end management investment company. The firm is focused primarily on originating and making loans to and making debt and equity investments in technology-related, specifically software, companies based primarily in the United States. The company originates and invests in senior secured or unsecured loans, subordinated loans or mezzanine loans, and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio Company’s common equity. Its investment objective is to maximize total return by generating current income from debt investments and other income producing securities, and capital appreciation from its equity and equity-linked investments. The company may hold its investments directly or through special-purpose vehicles. Blue Owl Technology Credit Advisors LLC serves as its investment advisor.
Strong Quarter: OTF delivered robust Q3 results, with net asset value per share rising to $17.27, up $0.10 from Q2.
Credit Quality: Credit performance remains excellent with a nonaccrual rate of just 3 basis points at fair value and only 2 nonaccruals in the company's history.
Portfolio Growth: The portfolio totaled $13 billion, with $1 billion in new commitments and a strong deal pipeline heading into Q4.
Dividend Yield: The company maintained its regular $0.35 per share dividend and a $0.05 special dividend, resulting in a 9.3% dividend yield.
Leverage Strategy: Net leverage stayed flat at 0.57x, but management reiterated plans to ramp leverage toward the 0.9–1.25x target range by end of next year.
AI & Data Center Exposure: Management highlighted opportunities in AI and data center financing, seeking low double-digit returns, but has not yet made such investments.
NAV Growth Drivers: NAV appreciation was mainly due to realized transactions in equity positions such as Securiti AI, Revolut, and SpaceX.
Risk Exposure: The portfolio has minimal exposure to tariffs, China, or government shutdown impacts, reflecting its asset-light business model.
