Blue Owl Technology Finance Corp. to Begin Trading on the New York Stock Exchange

Rhea-AI Summary

Blue Owl Technology Finance Corp. (OTF), the largest publicly traded technology-focused Business Development Company (BDC) by total assets, has received NYSE approval and will begin trading on June 12, 2025. The company specializes in investing in U.S. upper middle-market technology companies. CEO Craig W. Packer emphasized the listing's significance in showcasing their Credit platform and technology strategy. President Erik Bissonnette highlighted their successful technology strategy launched in 2018, noting strong portfolio performance and credit quality. The listing is supported by multiple leading financial institutions, including BofA Securities, J.P. Morgan, and various other major banks serving as advisors.

Positive

• Largest technology-focused BDC in the public market by total assets
• Strong portfolio performance and excellent credit quality reported
• Established track record since 2018 in technology lending
• Backed by numerous prestigious financial institutions as advisors

Negative

• None.

Insights

Financial Markets Analyst

Blue Owl Technology Finance Corp.'s NYSE listing establishes it as the largest public technology-focused BDC, representing significant market expansion in specialized lending.

Blue Owl Technology Finance Corp. (OTF) has received NYSE approval to begin trading on June 12, 2025, marking a significant milestone in the specialized business development company (BDC) space. As the largest technology-focused BDC by total assets entering the public markets, this listing represents an important expansion of the publicly-traded BDC sector.

The company's technology lending strategy, launched in 2018, has now matured to the point of public market readiness. Management has emphasized the portfolio's strong performance and credit quality as key factors enabling this transition. The impressive roster of financial institutions involved in the listing – including BofA Securities, J.P. Morgan, Goldman Sachs, and numerous other major investment banks – signals substantial institutional support and market confidence.

BDCs serve a critical function in the financial ecosystem by providing debt capital to middle-market companies, typically offering investors higher yields than traditional fixed income while carrying unique risks. OTF's technology specialization positions it in a growth sector of the economy while differentiating it from more generalist BDCs. The company appears to be capitalizing on increased demand for specialized lending in the technology sector, potentially benefiting from the limited competition in this more complex lending niche.

For market participants, this listing creates a new investment vehicle providing exposure to private technology debt markets that were previously less accessible. The strong underwriting consortium suggests institutional confidence in both the BDC model and the technology lending strategy specifically.

Largest publicly traded technology-focused BDC by total assets

NEW YORK, June 11, 2025 /PRNewswire/ -- Blue Owl Technology Finance Corp. ("OTF" or the "Company"), a leading business development company ("BDC") focused on investing in U.S. upper middle-market technology companies, has received approval from the New York Stock Exchange ("NYSE") and is expected to commence trading tomorrow, June 12, 2025, under the ticker symbol "OTF."

"The listing of OTF on the New York Stock Exchange as the largest technology-focused BDC in the public market highlights the strength of our Credit platform and our innovative technology strategy," said Craig W. Packer, Chief Executive Officer of OTF. "We look forward to OTF's next chapter as a public company and remain committed to delivering attractive risk-adjusted returns to our shareholders."

Erik Bissonnette, President of OTF commented, "Today marks a significant milestone for our technology strategy, which we launched in 2018. The success of OTF's listing is underpinned by our strong portfolio performance, excellent credit quality and attractive returns generated for shareholders. Looking ahead, technology lending will remain the cornerstone of OTF's portfolio, reflecting our conviction in the long-term growth and resilience of the asset class."

Advisors
BofA Securities, J.P. Morgan, Keefe Bruyette & Woods, A Stifel Company, RBC Capital Markets, Truist Securities, Citigroup, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, ING Financial Markets LLC, Mizuho, Morgan Stanley, MUFG, SMBC Nikko, SOCIETE GENERALE and Wells Fargo Securities are serving as lead advisors to the Company in connection with the listing. B. Riley Securities, Inc., Compass Point Research & Trading LLC, Citizens Capital Markets, Ladenburg Thalmann & Co. Inc., Natixis, Oppenheimer & Co., Raymond James & Associates, Inc., Regions Securities LLC, Santander, Scotiabank, R. Seelaus & Co., LLC, and Synovus are also acting as co-advisors. Eversheds Sutherland (US) LLP acted as legal advisor to the Company.

ABOUT BLUE OWL TECHNOLOGY FINANCE CORP.

Blue Owl Technology Finance Corp. ("OTF") is a specialty finance company focused on making debt and equity investments to U.S. technology-related companies, with a strategic focus on software. As of March 31, 2025, OTF had investments in 181 portfolio companies with an aggregate fair value of $12.1 billion. OTF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. OTF is externally managed by Blue Owl Technology Credit Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Blue Owl's Credit platform. To learn more, visit www.blueowltechnologyfinance.com.

Certain information contained herein may constitute "forward-looking statements" that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about OTF, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond OTF's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in OTF's filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which OTF makes them. OTF does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.

INVESTOR CONTACTS

Investor Contact:
BDC Investor Relations
Michael Mosticchio
credit-ir@blueowl.com

Media Contact:
Prosek Partners
Josh Clarkson
pro-blueowl@prosek.com

View original content:https://www.prnewswire.com/news-releases/blue-owl-technology-finance-corp-to-begin-trading-on-the-new-york-stock-exchange-302478416.html

SOURCE Blue Owl Technology Finance Corp.

FAQ

When will Blue Owl Technology Finance Corp (OTF) start trading on NYSE?

Blue Owl Technology Finance Corp (OTF) will commence trading on the New York Stock Exchange on June 12, 2025.

What is Blue Owl Technology Finance Corp's (OTF) main business focus?

OTF is a Business Development Company (BDC) that focuses on investing in U.S. upper middle-market technology companies.

Who are the key executives of Blue Owl Technology Finance Corp (OTF)?

Craig W. Packer serves as the Chief Executive Officer, and Erik Bissonnette is the President of OTF.

When did Blue Owl Technology Finance Corp (OTF) launch its technology strategy?

OTF launched its technology strategy in 2018.

Which investment banks are serving as lead advisors for OTF's NYSE listing?

Lead advisors include BofA Securities, J.P. Morgan, Keefe Bruyette & Woods, RBC Capital Markets, Truist Securities, Citigroup, Deutsche Bank Securities, Goldman Sachs, and several other major financial institutions.