Business
Certain Blue Owl BDCs to Sell $1.4 Billion of Assets to Institutional Investors
Certain Blue Owl BDCs today announced that they have entered into separate definitive agreements with four leading North American public pension and insurance investors to opportunistically sell $1.4 billion of direct lending investments at 99.7% of par value as of February 12, 2026.
About this update from Blue Owl Capital Corporation
[{"type":"text","content":"Investments sold at fair value, representing 99.7% of par value","length":63,"tagName":"p","attribs":{}},{"type":"text","content":"Transaction provides significant return of capital distribution to OBDC II shareholders","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, Feb. 18, 2026 /PRNewswire/ -- Certain Blue Owl BDCs today announced that they have entered into separate definitive agreements with four leading North American public pension and insurance investors to opportunistically sell $1.4 billion of direct lending investments at 99.7% of par value as of February 12, 2026.","length":329,"tagName":"p"},{"type":"text","content":""We saw strong demand to purchase these investments at fair value from highly sophisticated institutional investors, with interest far exceeding the value of the investments we ultimately chose to sell," said Craig W. Packer, Chief Executive Officer of Blue Owl's BDCs. "This transaction underscores the confidence that large, experienced buyers have in our direct lending platform and has meaningful benefits for all shareholders of these funds."","length":471,"tagName":"p"},{"type":"text","content":"Transaction Details","length":19,"tagName":"p"},{"type":"text","content":"These sales include debt investment commitments of $600 million from Blue Owl Capital Corporation II ("OBDC II"), $400 million from Blue Owl Technology Income Corp. ("OTIC") and $400 million from Blue Owl Capital Corporation ("OBDC" and together with OBDC II and OTIC, the "Blue Owl BDCs"), representing approximately 34%, 6% and 2% of total investment commitments, including unfunded commitments, at each BDC respectively. Each investment to be sold represents a partial amount of each Blue Owl BDC's exposure to the respective portfolio company. These sales consist of 97% senior secured debt investments with an average size of $5 million and include investments in 128 distinct portfolio companies across 27 industries. The largest industry represented is internet software and services at 13%, generally consistent with the industry composition of Blue Owl's overall direct lending strategy and reflecting continued confidence in the quality and valuations of these software investments.","length":1040,"tagName":"p"},{"type":"text","content":"T...