Owl Rock Capital

Owl Rock Capital, now a significant component of Blue Owl Capital Inc., stands as a leading alternative asset manager specializing in direct lending to the U.S. middle market. Established to address the underserved financing needs of these companies, Owl Rock provides flexible, customized debt solutions. Unlike traditional venture capital, their core focus is on providing senior secured, unitranche, and second lien debt to established businesses rather than early-stage equity investments.

The firm's investment philosophy centers on partnering with companies that demonstrate strong fundamentals, stable cash flows, and often, private equity sponsorship. They typically target businesses with an EBITDA ranging from $10 million to $250 million, seeking to be a long-term capital provider for growth, acquisitions, recapitalizations, and leveraged buyouts. This strategic focus allows them to mitigate risk while generating consistent income for their investors.

Owl Rock's substantial financial capacity enables them to deploy significant capital. Their typical first check or initial commitment for direct lending transactions generally ranges from $50 million to $400 million, though they can participate in larger syndicated deals. As part of Blue Owl Capital, the firm's direct lending strategies contribute to a vast asset base; Blue Owl Capital reported $165.7 billion in assets under management as of Q4 2023. Their extensive portfolio includes investments in hundreds of middle-market companies across various sectors, demonstrating their broad reach and impact within the private credit landscape.