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.
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