Mubadala Investment Company PJSC and its affiliate Mamoura Diversified Global Holding PJSC reported beneficial ownership of 29,130,491 shares of Blue Owl Technology Finance Corp. common stock, or 6.3%, as of September 30, 2025. The filing is on Schedule 13G/A, indicating a passive intent.
The stake comprises 24,760,917 shares (5.3%) directly held by MIC Capital Management 93 RSC Ltd and 4,369,574 shares (0.9%) directly held by Fifteenth Investment Company LLC, with shared voting and dispositive power and no sole power reported. Percentages are based on 466,464,720 shares outstanding as of September 30, 2025.
Positive
None.
Negative
None.
Insights
Passive 13G/A discloses a >5% shareholder, no control intent.
This Schedule 13G/A lists Mubadala and affiliates with beneficial ownership of 29,130,491 shares (6.3%) of Blue Owl Technology Finance Corp. as of September 30, 2025. The structure shows shares held via MIC Capital Management 93 RSC Ltd (24,760,917; 5.3%) and Fifteenth Investment Company LLC (4,369,574; 0.9%).
The filer reports shared voting and dispositive power for these amounts and no sole voting or dispositive power. The certification states the securities were not acquired to change or influence control. Percentages reference 466,464,720 shares outstanding as of September 30, 2025.
Actual market impact depends on holder decisions; the 13G/A format and certification indicate a passive position rather than an activist stance.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Blue Owl Technology Finance Corp.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
095924106
(CUSIP Number)
09/30/2025
(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)
6.3 %
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)
6.3 %
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
24,760,917.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
24,760,917.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,760,917.00
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)
5.3 %
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
24,760,917.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
24,760,917.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,760,917.00
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)
5.3 %
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
4,369,574.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,369,574.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,369,574.00
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)
0.9 %
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:
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 September 30, 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, 24,760,917 shares of Common Stock were directly held and beneficially owned by MIC Capital Management 93 RSC Ltd ("93 RSC") and 4,369,574 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 September 30, 2025, each of Mubadala Investment Company PJSC and Mamoura Diversified Global Holding PJSC may have been deemed to have beneficially owned approximately 6.3% of the shares of Common Stock of the Issuer outstanding. As of September 30, 2025, each of 93 RSC and 85 RSC may have been deemed to have beneficially owned approximately 5.3% of the shares of Common Stock of the Issuer outstanding. As of September 30, 2025, Fifteenth Investment Company LLC may have been deemed to have beneficially owned approximately 0.9% of the Common Stock of the Issuer outstanding. Such percentages are based on 466,464,720 shares of Common Stock outstanding as of September 30, 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 September 30, 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 September 30, 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 September 30, 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 24,760,917 shares of Common Stock. As of September 30, 2025, Fifteenth Investment Company LLC may have been deemed to have had shared power to vote or to direct the vote of 4,369,574 shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of:
As of September 30, 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 September 30, 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 September 30, 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 24,760,917 shares of Common Stock. As of September 30, 2025, Fifteenth Investment Company LLC may have been deemed to have had shared power to dispose or to direct the disposition of 4,369,574 shares of Common Stock.
Item 5.
Ownership of 5 Percent or Less of a Class.
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 stake in OTF did Mubadala report in this Schedule 13G/A?
Mubadala and Mamoura reported beneficial ownership of 29,130,491 shares, representing 6.3% of Blue Owl Technology Finance Corp.
How is Mubadala’s OTF stake held according to the filing?
Held via MIC Capital Management 93 RSC Ltd with 24,760,917 shares and Fifteenth Investment Company LLC with 4,369,574 shares.
What voting and dispositive powers does Mubadala report over OTF shares?
The filing reports shared voting and dispositive power for the listed shares and no sole voting or dispositive power.
What share count was used to calculate Mubadala’s ownership percentage in OTF?
Percentages are based on 466,464,720 shares outstanding as of September 30, 2025.
Does the 13G/A indicate an intent to influence control at OTF?
No. The certification states the securities were not acquired for the purpose of changing or influencing control.
Which entities are listed as reporting persons in the OTF 13G/A?
They are Mubadala Investment Company PJSC, Mamoura Diversified Global Holding PJSC, MIC Capital Management 85 RSC Ltd, MIC Capital Management 93 RSC Ltd, and Fifteenth Investment Company LLC.
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