Blue Owl Capital, a U.S.-based private credit and alternative asset manager, will bring its institutional quality middle-market direct lending capabilities to Canadian accredited investors.
Canadian investors will have access to the institutional share class of Owl Rock Core Income Corp (ORCIC), a business development company managed by Owl Rock, a division of Blue Owl Capital. ORCIC has more than $2.7 billion in assets across 92 portfolio companies as of Nov. 30, 2021, and focuses on originating loans to and making debt investments in U.S. middle-market companies. The fund offers high-net worth and institutional investors access to Owl Rock’s institutional quality management and targets upper-end middle-market firms with annual revenues between $50 million and $2.5 billion.
Owl Rock has $34.6 billion in assets under management and has originated approximately $43.6 billion in investments since its inception.
“We are extremely excited to bring our direct lending solutions to a new market and offer Canadian investors access to one of the most attractive segments of private markets,” Doug Ostrover, CEO and co-founder of Blue Owl Capital, said. “In the current market environment, where yields are low and returns are difficult to find, our strategy can offer value for investors looking to generate income.”
ORCIC offers current income and periodic liquidity to investors, and a Canadian access fund for ORCIC will be made available to Canadian investors, including registered retirement savings accounts, through Canadian registered dealers.
