Blue Owl Technology Income Corp. (OTIC), a non-traded business development company managed by Blue Owl Capital Inc., successfully raised $150 million through a private placement of notes. The notes carry a coupon of 7.25% and are set to mature in 2029. This financing initiative is aimed at bolstering OTIC's financial position by repaying existing debt.
This follows several other debt offerings by Blue Owl entities. On August 11, 2026, Blue Owl Capital Inc. sold $750 million in high-grade debt, up from an initial $500 million, to repay revolving credit facility borrowings. In June 2026, Blue Owl Technology Finance Corp. (OTF) sold $500 million in investment-grade bonds, exceeding its initial target of $300 million.
Earlier in April 2026, Blue Owl Capital Corp. (OBDC) raised $400 million from bond investors with investment-grade rated notes maturing in 2028 and yielding 6.5%. These activities underscore Blue Owl's active presence in the debt markets to fund its operations and manage its liabilities. The firm also reported raising over $16.5 billion in equity capital in the first half of 2026, despite some challenges in the private credit sector.
However, the tech-focused fund has experienced investor withdrawals, with approximately 15.4% of net assets pulled from one of Blue Owl Capital Inc.’s tech-focused funds in January 2026. This occurred after the fund increased withdrawal limits. Despite these redemptions, senior executives at Blue Owl Capital Inc. expressed optimism in July 2026, stating that the worst of the private credit turmoil was behind them, citing strong credit health and growing investor interest from various regions.
