Blue Owl Capital Inc., the nearly $100 billion investment firm known for its direct-lending business, is expanding a push to attract high-net-worth clients through a new private-credit vehicle.
Owl Rock Technology Income Corp. raised more than $500 million to focus on direct lending in the technology industry, the firm said Monday in a statement. The fund, structured as a non-traded business-development company, totals about $2 billion including leverage.
The firm has been lending to borrowers affiliated with private equity firms such as Thoma Bravo, Silver Lake and the Carlyle Group Inc., according to the presentation.
Read more: BNN Bloomberg
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