Mubadala Investment Company PJSC and related Abu Dhabi entities filed an amended Schedule 13G reporting passive ownership in Blue Owl Technology Finance Corp. common stock.
As of December 31, 2025, Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC may have been deemed to beneficially own 29,130,491 shares, or about 6.2% of the company’s common stock, based on 468,625,740 shares outstanding as of November 5, 2025.
Within this structure, MIC Capital Management 93 RSC Ltd and MIC Capital Management 85 RSC Ltd are associated with 18,449,359 shares (approximately 3.9%), while Fifteenth Investment Company LLC is associated with 10,681,132 shares (approximately 2.3%). The reporting parties certify the holdings are not for the purpose of changing or influencing control of the issuer.
Positive
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Blue Owl Technology Finance Corp.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
095924106
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
095924106
1
Names of Reporting Persons
Mubadala Investment Company PJSC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
29,130,491.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
29,130,491.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
29,130,491.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
095924106
1
Names of Reporting Persons
Mamoura Diversified Global Holding PJSC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
29,130,491.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
29,130,491.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
29,130,491.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
095924106
1
Names of Reporting Persons
MIC Capital Management 85 RSC Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
18,449,359.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
18,449,359.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,449,359.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
095924106
1
Names of Reporting Persons
MIC Capital Management 93 RSC Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
18,449,359.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
18,449,359.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,449,359.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
095924106
1
Names of Reporting Persons
Fifteenth Investment Company LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,681,132.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,681,132.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,681,132.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Blue Owl Technology Finance Corp.
(b)
Address of issuer's principal executive offices:
399 Park Avenue, New York, New York, 10022
Item 2.
(a)
Name of person filing:
(i) Mubadala Investment Company PJSC, (ii) Mamoura Diversified Global Holding PJSC, (iii) MIC Capital Management 85 RSC Ltd, (iv) MIC Capital Management 93 RSC Ltd, and (v) Fifteenth Investment Company LLC (collectively, the "Reporting Persons").
(b)
Address or principal business office or, if none, residence:
(i) For Mubadala Investment Company PJSC: Al Mamoura A, Al Muroor Street, Abu Dhabi, United Arab Emirates;
(ii) For Mamoura Diversified Global Holding PJSC: Al Mamoura A, Al Muroor Street, Abu Dhabi, United Arab Emirates;
(iii) For MIC Capital Management 85 RSC Ltd: 2462ResCowork01, 24th Floor, Al Sila Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates;
(iv) For MIC Capital Management 93 RSC Ltd: 2462ResCowork01, 24th Floor, Al Sila Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates; and
(v) For Fifteenth Investment Company LLC: Al Mamoura A, Al Muroor Street, Abu Dhabi, United Arab Emirates.
(c)
Citizenship:
(i) Mubadala Investment Company PJSC is incorporated in The Emirate of Abu Dhabi, United Arab Emirates; (ii) Mamoura Diversified Global Holding PJSC is incorporated in The Emirate of Abu Dhabi, United Arab Emirates; (iii) MIC Capital Management 85 RSC Ltd is incorporated in the Abu Dhabi Global Market, United Arab Emirates; (iv) MIC Capital Management 93 RSC Ltd is incorporated in the Abu Dhabi Global Market, United Arab Emirates; and (v) Fifteenth Investment Company LLC is incorporated in The Emirate of Abu Dhabi, United Arab Emirates.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
095924106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of December 31, 2025, each of Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC may have been deemed to have beneficially owned 29,130,491 shares of Common Stock, par value $0.01 per share ("Common Stock"), of Blue Owl Technology Finance Corp. (the "Issuer"). Of such shares of Common Stock, 18,449,359 shares of Common Stock were directly held and beneficially owned by MIC Capital Management 93 RSC Ltd ("93 RSC") and 10,681,132 shares of Common Stock were directly held and beneficially owned by Fifteenth Investment Company LLC. 93 RSC is a wholly owned subsidiary of MIC Capital Management 85 RSC Ltd ("85 RSC"). 85 RSC and 15th Investment Company LLC are each wholly owned subsidiaries of Mamoura Diversified Global Holding PJSC, which is a wholly owned subsidiary of Mubadala Investment Company PJSC. Due to their relationship with 93 RSC, each of 85 RSC, Mamoura Diversified Global Holding PJSC and Mubadala Investment Company PJSC may have been deemed to have indirectly beneficially owned the shares of Common Stock of the Issuer that were held directly by 93 RSC. Due to their relationship with Fifteenth Investment Company LLC, each of Mamoura Diversified Global Holding PJSC and Mubadala Investment Company PJSC may have been deemed to have indirectly beneficially owned the shares of Common Stock of the Issuer that were held directly by 15th Investment Company LLC.
(b)
Percent of class:
As of December 31, 2025, each of Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC may have been deemed to have beneficially owned approximately 6.2% of the shares of Common Stock of the Issuer outstanding. As of December 31, 2025, each of 93 RSC and 85 RSC may have been deemed to have beneficially owned approximately 3.9% of the shares of Common Stock of the Issuer outstanding. As of December 31, 2025, Fifteenth Investment Company LLC may have been deemed to have beneficially owned approximately 2.3% of the Common Stock of the Issuer outstanding. Such percentages are based on 468,625,740 shares of Common Stock outstanding as of November 5, 2025, based on information disclosed in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
As of December 31, 2025, each of the Reporting Persons may have been deemed to have had sole power to vote or to direct the vote of 0 shares of Common Stock.
(ii) Shared power to vote or to direct the vote:
As of December 31, 2025, each of Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC may have been deemed to have had shared power to vote or to direct the vote of 29,130,491 shares of Common Stock. As of December 31, 2025, each of 93 RSC and 85 RSC may have been deemed to have had shared power to vote or to direct the vote of 18,449,359 shares of Common Stock. As of December 31, 2025, Fifteenth Investment Company LLC may have been deemed to have had shared power to vote or to direct the vote of 10,681,132 shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of:
As of December 31, 2025, each of the Reporting Persons may have been deemed to have had sole power to dispose or to direct the disposition of 0 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of:
As of December 31, 2025, each of Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC may have been deemed to have had shared power to dispose or to direct the disposition of 29,130,491 shares of Common Stock. As of December 31, 2025, each of 93 RSC and 85 RSC may have been deemed to have had shared power to dispose or to direct the disposition of 18,449,359 shares of Common Stock. As of December 31, 2025, Fifteenth Investment Company LLC may have been deemed to have had shared power to dispose or to direct the disposition of 10,681,132 shares of Common Stock.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What ownership stake does Mubadala report in Blue Owl Technology Finance Corp. (OTF)?
Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC report beneficial ownership of about 6.2% of Blue Owl Technology Finance Corp.’s common stock, or 29,130,491 shares, based on 468,625,740 shares outstanding as of November 5, 2025.
Which Mubadala-related entities directly hold OTF shares in this Schedule 13G/A?
The filing states MIC Capital Management 93 RSC Ltd directly holds and beneficially owns 18,449,359 shares, while Fifteenth Investment Company LLC directly holds and beneficially owns 10,681,132 shares of Blue Owl Technology Finance Corp. common stock as of December 31, 2025.
How is the 6.2% ownership in OTF calculated in the Mubadala filing?
The approximately 6.2% beneficial ownership reported for Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC is based on 29,130,491 shares compared with 468,625,740 Blue Owl Technology Finance Corp. common shares outstanding, as disclosed in the issuer’s Form 10‑Q dated November 5, 2025.
Are the Mubadala holdings in Blue Owl Technology Finance Corp. for control purposes?
The certification explicitly states the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Blue Owl Technology Finance Corp., and are not held in connection with any transaction having that purpose, except for activities tied to a specific nomination rule.
What voting and dispositive power do the Mubadala entities report over OTF shares?
As of December 31, 2025, the reporting persons disclose no sole voting or dispositive power. Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC report shared voting and dispositive power over 29,130,491 shares of Blue Owl Technology Finance Corp. common stock.
Which entities hold 3.9% and 2.3% of Blue Owl Technology Finance Corp. in this filing?
MIC Capital Management 93 RSC Ltd and MIC Capital Management 85 RSC Ltd are each reported as beneficially owning about 3.9% (18,449,359 shares). Fifteenth Investment Company LLC is reported as beneficially owning about 2.3% (10,681,132 shares) of Blue Owl Technology Finance Corp. common stock.
