Owl Rock Technology Income Corp.
Owl Rock Technology Income Corp. (ORTIC) is a BDC investing in debt and equity of high-growth U.S. technology companies. With a focus on monthly income and capital appreciation, it aims to allocate at least 80% to technology-related firms. ORTIC's portfolio includes first and second-lien debt, mezzanine debt, and equity, emphasizing downside protection. As of Q1 2023, it holds a diversified portfolio of 62 companies, with 90% in loans and 10% in equity, prioritizing collateral-backed senior secured loans.
- Sponsor: Blue Owl
- Asset type: Private Credit
- Raising: $1,230,000,000
- Minimum Investment: $25,000
- Annualized distribution rate: 8.0%
- Legal: Eversheds Sutherland LLP; Alston & Bird LLP
- Website: https://otic.com/
Contacts
About the deal sponsor
Blue Owl
Total invested: $3,500,000,000