Special Meeting

Proxy materials in connection with OBDC’s proposed merger with OBDE were recently filed with the SEC. Your support for this transaction will provide meaningful benefits for OBDC shareholders, and these benefits are highlighted in the press release announcing the transaction here.

If you are an investor in OBDC, your participation in this Special Meeting is extremely important. You can vote by going to www.proxyvote.com or by calling 1-800-690-6903 and providing the control number which is listed in the email or proxy card you received.1

Please click the link below to read the joint prospectus/proxy statement for this meeting.

OBDC Joint Prospectus / Proxy Statement

Vote Here at ProxyVote.com

1 You must be a shareholder of record as of the close of business on October 18, 2024 to vote. The meeting is scheduled for January 8, 2025.

About Blue Owl Capital Group, LLC

A scaled direct lending platform and leading BDC franchise

Credit is the direct lending platform of Blue Owl Capital Inc. (NYSE: OWL), a publicly traded alternative asset management firm. Blue Owl's Credit platform has over $128.4 billion of assets under management as of September 30, 2024 and is comprised of a team of seasoned investment professionals with significant and diverse experience from some of the world’s leading firms and financial institutions.

Credit seeks to provide investors with attractive risk-adjusted returns by originating, executing, and managing investments, which include senior secured, subordinated, or mezzanine loans and equity-related instruments. The team works with borrowers across industries and sectors with a focus on serving as the capital partner of choice for leading private companies. The relationship-oriented approach of Blue Owl's Credit platform to investing can provide companies with sizeable commitments to facilitate transactions and support their growth needs with certainty, speed, and transparency throughout the entire investment process.

Blue Owl Capital Group, LLC

Indirect subsidiary of Blue Owl Capital Inc. (NYSE: OWL)

Credit Platform | AUM: $128.4B as of 9/30/24

Blue Owl Credit Advisors LLC

External manager of Blue Owl Capital Corporation

Blue Owl Capital Corporation

Publicly traded BDC

NYSE/Bonds: OBDC

Credit by the numbers

$128.4B
Assets under management
130+
Investment professionals
665+
Deals closed
760+
Sponsor relationships

As of September 30, 2024 • 10-Q

Approach & capabilities

Investment approach

Investment approach

Our investment strategy focuses primarily on originating and making loans to, as well as making debt and equity investments in, U.S. middle-market companies.

We will invest in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity-related securities and warrants, prioritizing downside protection.

A differentiated experience

A differentiated experience

We are long-term investors with the ability to provide sizeable commitments to facilitate transactions and support the needs of our borrowers across industries. We have the ability to lead or anchor debt financings of up to $1 billion.

Investment process

Deal sourcing

An independent origination process with extensive network of industry contacts and portfolio company relationships

Deal origination

Exhaustive review of financial information while working closely with private equity sponsors

Structuring & diligence

Thorough review process focused on identifying and mitigating risk, including onsite visits and company management meetings

Investment committee review

Analysis of downside protection and preservation of capital with focus on asset coverage and collateral

Deal approval

Review of business growth, deal terms and all credit agreements

Ongoing monitoring

Proactive review process and regular contact with portfolio company management teams

Key advantages to the Credit platform

Scale

  • $128.4 billion in assets under management as of September 30, 2024
  • Robust proprietary deal flow driven by an extensive network of private equity sponsors
  • Significant backing from highly sophisticated investors
  • Deep bench of experienced investment professionals

Alignment

  • Founder-led
  • Not affiliated with a controlling equity sponsor
  • Entire Credit investment team is focused on direct lending
  • Relationship-oriented approach at all levels
  • Approximately $600 million committed to Credit products by executives and employees

Track record

  • Demonstrated ability to source proprietary investment opportunities
  • Exceptional credit performance across the platform
  • Manages four diversified lending BDCs and three technology-focused BDCs, including the third largest publicly traded BDC, Blue Owl Capital Corporation (NYSE: OBDC)

Experience

  • Founded in 2016 by Douglas Ostrover, Marc Lipschultz, and Craig Packer who previously held senior executive roles at GSO/Blackstone, KKR, and Goldman Sachs, respectively
  • Leadership has extensive experience building and managing investment businesses

Credit’s investment strategies

Credit has five complementary strategies that leverage existing origination and underwriting functions and primarily focus on private equity-sponsored deals and other corporate solutions.

Structure

  • Publicly traded BDC
  • Private BDCs
  • Non-traded BDCs
  • Limited partnerships
  • Managed accounts

Focus

  • Private equity sponsored companies and other corporate solutions
  • Directly originated senior secured, floating rate loans (first lien, second lien, unitranche) in U.S. companies

Structure

  • Private BDCs
  • Non-traded BDC

Focus

  • Private equity and late-stage venture capital sponsored companies and other corporate solutions
  • Directly originated debt and equity investments in U.S. companies in the technology sector

Structure

  • Limited partnership
  • Managed accounts

Focus

  • Private equity sponsored companies and other corporate solutions
  • Directly originated senior secured, floating rate first lien in U.S. companies

Structure

  • Limited partnership
  • Managed accounts

Focus

  • Private equity sponsored companies and other corporate solutions
  • Directly originated debt and equity investments in U.S. companies facing challenges

Structure

  • CLOs
  • Managed accounts

Focus

  • Private equity sponsored companies and other corporate solutions
  • Liquid market senior secured, floating rate first lien loans

Recent transactions1

Recochem

CAPVEST

Inspira

ABRY PARTNERS, PARTHENON CAPITAL

DuraServ

LEONARD GREEN & PARTNERS

Baker Tilly

HELLMAN & FRIEDMAN, VALEAS

Pye Barker

LEONARD GREEN & PARTNERS, ATLAS

Medicus

RIDGEMONT EQUITY

Litera

HG CAPITAL

Associations

PRIVATELY HELD

1. Not every Credit BDC participates in every deal.

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Discover more about Blue Owl & Credit’s other BDCs

Visit the Blue Owl website for more information about Blue Owl and Credit’s other BDCs.

Learn more about Blue Owl

Learn more about Credit’s other BDCs