Blue Owl Capital, an alternative asset manager, has launched Owl Rock Technology Income Corporation (ORTIC), a non-traded business development company (BDC) broke escrow with approximately $534 million in net equity proceeds.
ORTIC has approximately $2 billion in committed capital at launch, including leverage. The Fund will be managed by Owl Rock, a division of Blue Owl. Since inception, the platform has sourced proprietary investment opportunities with $51.2 billion in gross originations, including more than $19 billion in technology-related investments as of December 31, 2021.
ORTIC seeks to provide individual investors attractive current-income along with the potential for capital appreciation by originating and making investments in market leading technology-related companies based primarily in the United States. The fund will focus on debt and other income producing securities, offering a differentiated opportunity to invest in the technology sector.
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