Blue Owl seeking $5bn for latest direct lending offering

Blue Owl Capital is planning to raise $5 billion for its latest business development company, Owl Rock Technology Income Corp., to be managed by Owl Rock Technology Advisors.

The BDC is focused on direct lending and intends to lend to companies that use technology to improve business processes, applications and opportunities or seek to grow through technological developments and innovations. Classified as growth capital, target investments will likely range in size between $20 million and $500 million, officials outlined in an SEC filing.

Owl Rock will originate and invest in senior secured or unsecured loans . . .

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