Owl Rock Capital Corporation (“ORCC”) is a specialty finance company focused on providing direct lending solutions to middle market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns.

ORCC is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Owl Rock, a division of Blue Owl. Owl Rock, together with its subsidiaries, is a New York based direct lending platform with approximately $31.2 billion of assets under management as of June 30, 2021.

Investment Criteria and Approach

We are fully committed to partnering with financial sponsors on direct lending solutions.

Approach

  • Our investment strategy focuses primarily on originating and making loans to, and making debt and equity investments in, U.S. middle market companies. We will invest in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity-related securities and warrants
  • Focused on first lien, unitranche, and second lien term loans
  • Long-term investors with the ability to provide sizeable commitments to facilitate transactions and support the growth needs of our borrowers
  • Seek to provide certainty, speed, and transparency throughout the entire investment process

Investment Criteria

  • Sponsored and non-sponsored situations
  • Companies with earnings before interest expense, income tax expense, depreciation and amortization, or “EBITDA,” between $10 million and $250 million annually and/or annual revenue of $50 million to $2.5 billion at the time of investment
  • Ability to lead or anchor debt financings of $100-$500 million

Use of Proceeds

  • Growth
  • Acquisitions
  • Market or product expansion
  • Refinancings
  • Recapitalizations