Blue Owl Technology Finance Corp raises $150 million in new debt

Blue Owl Technology Finance Corp (OTF), a technology-focused business development company operated by Blue Owl Capital, has raised $150 million through a private placement of senior unsecured notes. The notes feature a 7.6% coupon and are set to mature in September 2032.

This transaction represents OTF’s third debt financing since June, bringing the total debt capital raised by the vehicle to $800 million since the end of the second quarter. The additional funding is intended to increase the fund's capacity to deploy capital into technology-related private credit opportunities.

In related institutional activity, Caz Investments LP significantly increased its stake in Blue Owl Capital Corporation, raising its position by 45.3% during the second quarter to own 1,633,305 shares.