obdc-20240630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________________________________

FORM 10-Q


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from_______to

Commission File Number 814-01190

______________________________________________

BLUE OWL CAPITAL CORPORATION

(Exact name of Registrant as specified in its Charter)


Maryland						47-5402460
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

399 Park Avenue, New York, New York						10022
(Address of principal executive offices)						(Zip Code)

Registrant’s telephone number, including area code: (212) 419-3000

______________________________________________

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value per share	OBDC	The New York Stock Exchange

______________________________________________

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ NO ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ NO ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Small reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES ☐ NO ☒

As of August 7, 2024, the registrant had 390,217,304 shares of common stock, $0.01 par value per share, outstanding.

Table of Contents


		Page
PART I	FINANCIAL INFORMATION
Item 1.	Consolidated Financial Statements	3
	Consolidated Statements of Assets and Liabilities as of June 30, 2024 (Unaudited) and December 31, 2023	3
	Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited)	4
	Consolidated Schedules of Investments as of June 30, 2024 (Unaudited) and December 31, 2023	5
	Consolidated Statements of Changes in Net Assets for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited)	59
	Consolidated Statements of Cash Flows for the Six Months Ended June 30 , 2024 and 2023 (Unaudited)	60
	Notes to Consolidated Financial Statements (Unaudited)	62
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	121
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	187
Item 4.	Controls and Procedures	188

PART II	OTHER INFORMATION
Item 1.	Legal Proceedings	189
Item 1A.	Risk Factors	189
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	192
Item 3.	Defaults Upon Senior Securities	192
Item 4.	Mine Safety Disclosures	192
Item 5.	Other Information	192
Item 6.	Exhibits	193
Signatures		194

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This report contains 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 Blue Owl Capital Corporation (the “Company,” “we” or “our”), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our 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 our 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:

•an economic downturn could impair our portfolio companies’ ability to continue to operate, which could lead to the loss of some or all of our investments in such portfolio companies;

•an economic downturn could disproportionately impact the companies that we intend to target for investment, potentially causing us to experience a decrease in investment opportunities and diminished demand for capital from these companies;

•the impact of elevated interest and inflation rates, ongoing supply chain and labor market disruptions, including those as a result of strikes, work stoppages or accidents, instability in the U.S. and international banking systems, uncertainties related to the 2024 U.S. presidential election, and the risk of recession or a shutdown of government services could impact our business prospects and the prospects of our portfolio companies;

•an economic downturn could also impact availability and pricing of our financing and our ability to access the debt and equity capital markets;

•a contraction of available credit and/or an inability to access the equity markets could impair our lending and investment activities;

•changes in base interest rates and significant market volatility on our business and our portfolio companies (including our business prospects and the prospects of our portfolio companies including the ability to achieve our and their business objectives), our industry and the global economy including as a result of ongoing supply chain disruptions;

•interest rate volatility could adversely affect our results, particularly because we use leverage as part of our investment strategy;

•currency fluctuations could adversely affect the results of our investments in foreign companies, particularly to the extent that we receive payments denominated in foreign currency rather than U.S. dollars;

•our future operating results;

•our contractual arrangements and relationships with third parties;

•the ability of our portfolio companies to achieve their objectives;

•competition with other entities and our affiliates for investment opportunities;

•risks related to the uncertainty of the value of our portfolio investments, particularly those having no liquid trading market;

•the use of borrowed money to finance a portion of our investments as well as any estimates regarding potential use of leverage;

•the adequacy of our financing sources and working capital;

•the loss of key personnel;

•the timing of cash flows, if any, from the operations of our portfolio companies;

•the ability of Blue Owl Credit Advisors LLC (“the Adviser” or “our Adviser”) to locate suitable investments for us and to monitor and administer our investments;

•the ability of the Adviser to attract and retain highly talented professionals;

•our ability to qualify for and maintain our tax treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”);

•the impact that environmental, social and governance matters could have on our brand and reputation and our portfolio companies;

•the effect of legal, tax and regulatory changes;

•the impact of information technology system failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks, and the increasing use of artificial intelligence and machine learning technology;

•the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing war between Russia and Ukraine and the escalated conflict in the Middle-East, including the Israel-Hamas conflict, and general uncertainty surrounding the financial and political stability of the United States, the United Kingdom, the European Union and China, on financial market volatility, global economic markets, and various markets for commodities globally such as oil and natural gas;

•the ability of the parties to consummate the proposed transactions that will result in Blue Owl Capital Corporation III (“OBDE”) merging with and into the Company (the “Mergers”) pursuant to an Agreement and Plan of Merger (the “Merger Agreement”), dated August 7, 2024, among the Company, OBDE, Cardinal Merger Sub, Inc., a Maryland corporation and wholly owned subsidiary of the Company (“Merger Sub”) and, solely for the limited purposes set forth therein, the Adviser and Blue Owl Diversified Credit Advisers LLC, a Delaware limited liability company and investment advisor to OBDE (“ODCA”), on the expected timeline, or at all;

•the ability to realize the anticipated benefits of the Mergers;

•the effects of disruption on our business from the Mergers;

•the combined company’s plans, expectations, objectives and intentions as a result of the Mergers;

•any potential termination of the Merger Agreement;

•the actions of our shareholders or the shareholders of OBDE with respect to the proposals submitted for their approval in connection with the Mergers;

•the possibility that competing offers or acquisitions proposals will be made;

•risk that stockholders litigation in connection with Mergers may result in significant costs of defense and liability; and

•other risks, uncertainties and other factors previously identified in the reports and other documents we have filed with the Securities and Exchange Commission (“SEC”).

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements. Because we are an investment company, the forward-looking statements and projections contained in this report are excluded from the safe harbor protection provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).

PART I. FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

Blue Owl Capital Corporation

Consolidated Statements of Assets and Liabilities

(Amounts in thousands, except share and per share amounts)


	June 30, 2024 (Unaudited)		December 31, 2023
Assets
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $11,767,932 and $11,271,962, respectively)	$	11,705,361	$	11,264,956
Non-controlled, affiliated investments (amortized cost of $30,965 and $19,004, respectively)	32,357		19,988
Controlled, affiliated investments (amortized cost of $1,515,151, and $1,341,236, respectively)	1,604,264		1,428,404
Total investments at fair value (amortized cost of $13,314,048 and $12,632,202, respectively)	13,341,982		12,713,348
Cash (restricted cash of $104,104 and $87,067, respectively)	377,914		658,702
Foreign cash (cost of $2,077 and $946, respectively)	2,070		956
Interest receivable	109,300		112,260
Receivable from a controlled affiliate	30,354		22,978
Prepaid expenses and other assets	5,000		3,152
Total Assets	$	13,866,620	$	13,511,396
Liabilities
Debt (net of unamortized debt issuance costs of $84,433 and $81,492, respectively)	$	7,414,920	$	7,077,088
Distribution payable	144,380		136,407
Management fee payable	48,005		47,711
Incentive fee payable	40,119		42,217
Payables to affiliates	7,313		3,835
Payable for investments purchased	9,130		—
Accrued expenses and other liabilities	208,469		182,745
Total Liabilities	7,872,336		7,490,003
Commitments and contingencies (Note 7)
Net Assets
Common shares $0.01 par value, 500,000,000 shares authorized; 390,217,304 and 389,732,868 shares issued and outstanding, respectively	3,902		3,897
Additional paid-in-capital	5,931,419		5,924,002
Accumulated undistributed (overdistributed) earnings	58,963		93,494
Total Net Assets	5,994,284		6,021,393
Total Liabilities and Net Assets	$	13,866,620	$	13,511,396
Net Asset Value Per Share	$	15.36	$	15.45

The accompanying notes are an integral part of these consolidated financial statements.

Blue Owl Capital Corporation

Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

(Unaudited)


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
Investment Income
Investment income from non-controlled, non-affiliated investments:
Interest income	$	287,360	$	297,992	$	581,810	$	586,670
Payment-in-kind (“PIK”) interest income	44,272		44,803		85,507		87,858
Dividend income	16,313		17,607		37,649		35,440

Other income	5,988		7,243		11,301		10,207
Total investment income from non-controlled, non-affiliated investments	353,933		367,645		716,267		720,175
Investment income from non-controlled, affiliated investments:
Interest income	40		—		108		—
Payment-in-kind (“PIK”) interest income	132		—		132		—
Dividend income	46		177		62		177

Total investment income from non-controlled, affiliated investments	218		177		302		177
Investment income from controlled, affiliated investments:
Interest income	7,169		5,553		15,171		8,227
Payment-in-kind (“PIK”) interest income	527		—		703		—
Dividend income	34,735		20,662		63,524		42,688
Other Income	178		186		370		578
Total investment income from controlled, affiliated investments	42,609		26,401		79,768		51,493
Total Investment Income	396,760		394,223		796,337		771,845
Expenses
Interest expense	109,125		110,017		228,254		213,972
Management fees	48,005		48,024		95,248		96,116
Performance based incentive fees	40,119		39,598		78,887		77,326
Professional fees	4,113		4,131		7,709		7,804
Directors’ fees	320		257		640		515
Other general and administrative	3,534		3,140		6,050		5,811


Total Operating Expenses	205,216		205,167		416,788		401,544
Net Investment Income (Loss) Before Taxes	191,544		189,056		379,549		370,301
Income tax expense (benefit), including excise tax expense (benefit)	2,410		2,380		7,650		5,765
Net Investment Income (Loss) After Taxes	$	189,134	$	186,676	$	371,899	$	364,536
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss):
Non-controlled, non-affiliated investments	$	(64,868)	$	3,869	$	(65,819)	$	69,292
Non-controlled, affiliated investments	180		(4)		394		(5)
Controlled, affiliated investments	(7,393)		6,127		1,945		16,381
Translation of assets and liabilities in foreign currencies	12,184		1,360		10,238		2,570
Income tax (provision) benefit	—		(2,415)		(10)		(2,696)
Total Net Change in Unrealized Gain (Loss)	(59,897)		8,937		(53,252)		85,542
Net realized gain (loss):
Non-controlled, non-affiliated investments	153		118		(5,040)		(52,365)

Foreign currency transactions	(7,170)		(169)		(8,870)		(308)
Total Net Realized Gain (Loss)	(7,017)		(51)		(13,910)		(52,673)
Total Net Realized and Change in Unrealized Gain (Loss)	(66,914)		8,886		(67,162)		32,869
Net Increase (Decrease) in Net Assets Resulting from Operations	$	122,220	$	195,562	$	304,737	$	397,405
Earnings Per Share - Basic and Diluted	$	0.31	$	0.50	$	0.78	$	1.02
Weighted Average Shares Outstanding - Basic and Diluted	390,103,640		389,930,979		389,918,254		390,487,912

The accompanying notes are an integral part of these consolidated financial statements.

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(2)(3)		Fair Value		Percentage of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments
Advertising and media
Broadcast Music, Inc.(14)(27)	First lien senior secured loan	S +	5.75%	2/2030	$	26,830	$	26,192	$	26,226	0.4	%
Broadcast Music, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	5.75%	2/2030	—		(114)		(110)		—	%
Global Music Rights, LLC(14)(27)	First lien senior secured loan	S +	5.50%	8/2030	59,600		58,489		59,599		1.0	%
Global Music Rights, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	8/2029	—		(66)		—		—	%
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(14)(27)	First lien senior secured loan	S +	5.50% (2.00% PIK)	12/2028	19,271		19,271		19,271		0.3	%
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(10)(13)(27)	First lien senior secured revolving loan	S +	5.00%	12/2027	985		985		985		—	%
Monotype Imaging Holdings Inc.(14)(27)	First lien senior secured loan	S +	5.50%	2/2031	114,430		113,601		113,858		1.9	%
Monotype Imaging Holdings Inc.(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.50%	2/2026	—		(34)		—		—	%
Monotype Imaging Holdings Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	2/2030	—		(101)		(72)		—	%
							218,223		219,757		3.6	%
Aerospace and defense
Aviation Solutions Midco, LLC (dba STS Aviation)(14)(27)	First lien senior secured loan	S +	6.25%	1/2026	209,730		209,303		213,924		3.6	%
Aviation Solutions Midco, LLC (dba STS Aviation)(14)(27)	First lien senior secured loan	S +	6.25%	1/2026	8,479		8,453		8,648		0.1	%
Aviation Solutions Midco, LLC (dba STS Aviation)(14)(27)	First lien senior secured loan	S +	6.25%	1/2026	17,680		17,638		18,034		0.3	%
Peraton Corp.(6)(14)(27)	Second lien senior secured loan	S +	7.75%	2/2029	45,899		45,432		46,014		0.8	%
Valence Surface Technologies LLC(14)(27)	First lien senior secured loan	S +	7.75% (3.88% PIK)	12/2026	142,551		142,193		132,927		2.2	%
Valence Surface Technologies LLC(10)(14)(27)	First lien senior secured revolving loan	S +	7.75% (3.88% PIK)	12/2026	11,483		11,458		10,705		0.2	%
							434,477		430,252		7.2	%
Asset based lending and fund finance
Hg Genesis 8 Sumoco Limited(22)(27)(29)	Unsecured facility	SA +	6.00% PIK	8/2025	£11,635		14,690		14,708		0.2	%
Hg Genesis 9 SumoCo Limited(19)(27)(29)	Unsecured facility	E +	7.00% PIK	3/2027	€51,371		56,232		55,058		0.9	%
Hg Saturn Luchaco Limited(22)(27)(29)	Unsecured facility	SA +	7.50% PIK	3/2026	£40,423		51,411		51,098		0.9	%
							122,333		120,864		2.0	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Automotive services
Spotless Brands, LLC(14)(27)	First lien senior secured loan	S +	6.50%	7/2028	47,877	47,171	47,877	0.8	%
Spotless Brands, LLC(10)(13)(27)	First lien senior secured revolving loan	S +	6.50%	7/2028	522	504	522	—	%
						47,675	48,399	0.8	%
Buildings and real estate
Associations, Inc.(14)(27)	First lien senior secured loan	S +	6.50%	7/2028	358,950	358,598	358,591	6.0	%
Associations, Inc.(10)(23)(27)	First lien senior secured delayed draw term loan	S +	6.50%	7/2028	—	(27)	(28)	—	%
Associations, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	6.50%	7/2028	—	(21)	(22)	—	%
Associations Finance, Inc.(17)(27)	Unsecured Notes		14.25% PIK	5/2030	134,042	133,033	132,991	2.2	%
REALPAGE, INC.(6)(13)(27)	Second lien senior secured loan	S +	6.50%	4/2029	34,500	34,145	33,551	0.6	%
						525,728	525,083	8.8	%
Business services
Aurelia Netherlands Midco 2 B.V.(19)(27)(29)	First lien senior secured EUR term loan	E +	5.75%	5/2031	€50,193	52,566	53,122	0.9	%
CIBT Global, Inc.(11)(14)(27)	First lien senior secured loan	S +	5.25% (4.25% PIK)	6/2027	963	588	626	—	%
CIBT Global, Inc.(11)(14)(27)	Second lien senior secured loan	S +	7.75% PIK	12/2027	63,678	26,685	6,368	0.1	%
Denali BuyerCo, LLC (dba Summit Companies)(14)(27)	First lien senior secured loan	S +	5.75%	9/2028	52,481	51,984	52,481	0.9	%
Denali BuyerCo, LLC (dba Summit Companies)(10)(23)(27)	First lien senior secured revolving loan	S +	5.75%	9/2027	—	(16)	—	—	%
Diamondback Acquisition, Inc. (dba Sphera)(13)(27)	First lien senior secured loan	S +	5.50%	9/2028	4,046	3,992	4,006	0.1	%
DuraServ LLC(13)(27)	First lien senior secured loan	S +	4.75%	6/2031	73,607	73,242	73,238	1.2	%
DuraServ LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	4.75%	6/2026	—	(68)	(68)	—	%
DuraServ LLC(10)(23)(27)	First lien senior secured revolving loan	S +	4.75%	6/2030	—	(67)	(68)	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Fullsteam Operations, LLC(14)(27)	First lien senior secured loan	S +	8.25%	11/2029	8,938	8,686	8,938	0.1	%
Fullsteam Operations, LLC(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	8.25%	5/2025	2,120	2,052	2,120	—	%
Fullsteam Operations, LLC(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	8.25%	11/2025	736	708	736	—	%
Fullsteam Operations, LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	7.00%	8/2025	—	(35)	(13)	—	%
Fullsteam Operations, LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	7.00%	2/2026	—	(9)	(3)	—	%
Fullsteam Operations, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	8.25%	11/2029	—	(13)	—	—	%
Gainsight, Inc.(14)(27)	First lien senior secured loan	S +	6.75% PIK	7/2027	25,340	25,143	25,340	0.4	%
Gainsight, Inc.(10)(14)(27)	First lien senior secured revolving loan	S +	6.75% PIK	7/2027	1,818	1,788	1,818	—	%
Hercules Borrower, LLC (dba The Vincit Group)(14)(27)	First lien senior secured loan	S +	6.25%	12/2026	174,192	172,949	174,191	2.9	%
Hercules Borrower, LLC (dba The Vincit Group)(10)(23)(27)	First lien senior secured revolving loan	S +	6.25%	12/2026	—	(128)	—	—	%
Hercules Buyer, LLC (dba The Vincit Group)(17)(21)(27)	Unsecured notes		0.48% PIK	12/2029	5,184	5,184	6,334	0.1	%
Kaseya Inc.(14)(27)	First lien senior secured loan	S +	5.50%	6/2029	19,202	18,912	19,202	0.3	%
Kaseya Inc.(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	5.50%	6/2025	57	48	57	—	%
Kaseya Inc.(10)(14)(27)	First lien senior secured revolving loan	S +	5.50%	6/2029	287	271	287	—	%
KPSKY Acquisition, Inc. (dba BluSky)(14)(27)	First lien senior secured loan	S +	5.50%	10/2028	4,864	4,798	4,791	0.1	%
KPSKY Acquisition, Inc. (dba BluSky)(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	5.75%	11/2025	3	1	3	—	%
Ping Identity Holding Corp.(13)(27)	First lien senior secured loan	S +	7.00%	10/2029	909	898	909	—	%
Ping Identity Holding Corp.(10)(23)(27)	First lien senior secured revolving loan	S +	7.00%	10/2028	—	(1)	—	—	%
Pye-Barker Fire & Safety, LLC(14)(27)	First lien senior secured loan	S +	4.50%	5/2031	100,985	100,486	100,480	1.7	%
Pye-Barker Fire & Safety, LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	4.50%	5/2026	—	(227)	(231)	—	%
Pye-Barker Fire & Safety, LLC(10)(14)(27)	First lien senior secured revolving loan	S +	4.50%	5/2030	2,435	2,339	2,338	—	%
						552,756	537,002	8.8	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Chemicals
Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(13)(27)	Second lien senior secured loan	S +	7.75%	11/2028	10,000	9,904	9,500	0.2	%
DCG ACQUISITION CORP. (dba DuBois Chemical)(13)(27)	First lien senior secured loan	S +	4.75%	6/2031	55,779	55,224	55,221	0.9	%
DCG ACQUISITION CORP. (dba DuBois Chemical)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	4.75%	6/2026	—	(46)	(47)	—	%
DCG ACQUISITION CORP. (dba DuBois Chemical)(10)(23)(27)	First lien senior secured revolving loan	S +	4.75%	6/2031	—	(93)	(93)	—	%
Gaylord Chemical Company, L.L.C.(14)(27)	First lien senior secured loan	S +	6.00%	3/2027	129,658	128,976	129,658	2.2	%
Gaylord Chemical Company, L.L.C.(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	3/2026	—	(46)	—	—	%
Rocket BidCo, Inc. (dba Recochem)(14)(27)(29)	First lien senior secured loan	S +	5.75%	11/2030	197,500	193,567	193,550	3.2	%
Velocity HoldCo III Inc. (dba VelocityEHS)(14)(27)	First lien senior secured loan	S +	5.75%	4/2027	21,657	21,397	21,657	0.4	%
Velocity HoldCo III Inc. (dba VelocityEHS)(10)(23)(27)	First lien senior secured revolving loan	S +	5.75%	4/2026	—	(11)	—	—	%
						408,872	409,446	6.9	%
Consumer products
Conair Holdings LLC(13)(27)	Second lien senior secured loan	S +	7.50%	5/2029	130,335	129,650	130,335	2.2	%
Feradyne Outdoors, LLC(14)(27)	First lien senior secured loan	S +	6.50% (2.00% PIK)	5/2026	75,114	75,114	68,917	1.1	%
Foundation Consumer Brands, LLC(14)(27)	First lien senior secured loan	S +	6.25%	2/2027	3,164	3,164	3,164	0.1	%
Lignetics Investment Corp.(14)(27)	First lien senior secured loan	S +	6.00%	11/2027	39,679	39,352	39,679	0.7	%
Lignetics Investment Corp.(10)(14)(27)	First lien senior secured revolving loan	S +	6.00%	10/2026	4,471	4,443	4,471	0.1	%
SWK BUYER, Inc. (dba Stonewall Kitchen)(14)(27)	First lien senior secured loan	S +	5.25%	3/2029	739	729	717	—	%
SWK BUYER, Inc. (dba Stonewall Kitchen)(10)(14)(27)	First lien senior secured revolving loan	S +	5.25%	3/2029	4	3	1	—	%
WU Holdco, Inc. (dba Weiman Products, LLC)(14)(27)	First lien senior secured loan	S +	5.25%	3/2027	199,714	198,368	199,714	3.3	%
WU Holdco, Inc. (dba Weiman Products, LLC)(10)(14)(27)	First lien senior secured revolving loan	S +	5.25%	3/2027	13,828	13,775	13,828	0.2	%
						464,598	460,826	7.7	%
Containers and packaging
Arctic Holdco, LLC (dba Novvia Group)(14)(27)	First lien senior secured loan	S +	6.00%	12/2026	10,421	10,247	10,343	0.2	%
Arctic Holdco, LLC (dba Novvia Group)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.00%	12/2024	—	(122)	(56)	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Ascend Buyer, LLC (dba PPC Flexible Packaging)(14)(27)	First lien senior secured loan	S +	5.75%	10/2028	5,415	5,378	5,415	0.1	%
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10)(14)(27)	First lien senior secured revolving loan	S +	5.75%	9/2027	188	185	188	—	%
Fortis Solutions Group, LLC(14)(27)	First lien senior secured loan	S +	5.50%	10/2028	4,559	4,497	4,502	0.1	%
Fortis Solutions Group, LLC(10)(14)(27)	First lien senior secured revolving loan	S +	5.50%	10/2027	92	87	87	—	%
Indigo Buyer, Inc. (dba Inovar Packaging Group)(14)(27)	First lien senior secured loan	S +	6.25%	5/2028	883	876	883	—	%
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(14)(27)	First lien senior secured revolving loan	S +	6.25%	5/2028	78	78	78	—	%
Pregis Topco LLC(13)(27)	Second lien senior secured loan	S +	6.91%	8/2029	160,000	158,096	160,000	2.7	%
						179,322	181,440	3.1	%
Distribution
ABB/Con-cise Optical Group LLC(14)(27)	First lien senior secured loan	S +	7.50%	2/2028	63,778	63,124	62,343	1.0	%
BradyPLUS Holdings, LLC (f/k/a BradyIFS Holdings, LLC)(14)(27)	First lien senior secured loan	S +	6.00%	10/2029	141,262	139,968	141,262	2.4	%
BradyPLUS Holdings, LLC (f/k/a BradyIFS Holdings, LLC)(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	6.00%	10/2025	9,665	9,505	9,665	0.2	%
BradyPLUS Holdings, LLC (f/k/a BradyIFS Holdings, LLC)(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	10/2029	—	(107)	—	—	%
Endries Acquisition, Inc.(13)(27)	First lien senior secured loan	S +	5.25%	12/2028	98,590	97,917	97,850	1.6	%
Endries Acquisition, Inc.(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	12/2025	—	(52)	(59)	—	%
Offen, Inc.(13)(27)	First lien senior secured loan	S +	5.11%	6/2026	18,615	18,556	18,615	0.3	%
						328,911	329,676	5.5	%
Education
Pluralsight, LLC(11)(14)(27)	First lien senior secured loan	S +	8.00%	4/2027	99,450	98,877	46,741	0.8	%
Pluralsight, LLC(11)(14)(27)	First lien senior secured revolving loan	S +	8.00%	4/2027	6,235	6,206	2,931	—	%
						105,083	49,672	0.8	%
Energy equipment and services
Dresser Utility Solutions, LLC(13)(27)	First lien senior secured loan	S +	5.50%	3/2029	56,295	55,761	55,733	0.9	%
Dresser Utility Solutions, LLC(10)(24)(27)	First lien senior secured delayed draw term loan	S +	5.50%	9/2025	—	—	—	—	%
Dresser Utility Solutions, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	3/2029	—	(67)	(72)	—	%
						55,694	55,661	0.9	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Financial services
Baker Tilly Advisory Group, L.P.(13)(27)	First lien senior secured loan	S +	5.00%	6/2031	55,810	54,980	54,973	0.9	%
Baker Tilly Advisory Group, L.P.(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.00%	6/2026	—	(83)	(84)	—	%
Baker Tilly Advisory Group, L.P.(10)(23)(27)	First lien senior secured revolving loan	S +	5.00%	6/2030	—	(181)	(184)	—	%
Blackhawk Network Holdings, Inc.(6)(13)(27)	First lien senior secured loan	S +	5.00%	3/2029	75,000	73,533	75,143	1.3	%
Cresset Capital Management, LLC(14)(27)	First lien senior secured loan	S +	5.00%	6/2030	7,836	7,758	7,757	0.1	%
Cresset Capital Management, LLC(10)(24)(27)	First lien senior secured delayed draw term loan	S +	5.00%	9/2025	—	—	—	—	%
Cresset Capital Management, LLC(10)(24)(27)	First lien senior secured delayed draw term loan	S +	5.00%	6/2026	—	—	—	—	%
Cresset Capital Management, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	5.00%	6/2029	—	(11)	(11)	—	%
Klarna Holding AB(14)(27)(29)	Unsecured notes	S +	7.00%	4/2034	1,000	1,000	1,000	—	%
Finastra USA, Inc.(14)(27)(29)	First lien senior secured loan	S +	7.25%	9/2029	89,024	88,214	89,024	1.5	%
Finastra USA, Inc.(10)(13)(27)(29)	First lien senior secured revolving loan	S +	7.25%	9/2029	980	888	980	—	%
KRIV Acquisition Inc. (dba Riveron)(14)(27)	First lien senior secured loan	S +	6.50%	7/2029	6,301	6,135	6,254	0.1	%
KRIV Acquisition Inc. (dba Riveron)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.50%	7/2025	—	(12)	—	—	%
KRIV Acquisition Inc. (dba Riveron)(10)(23)(27)	First lien senior secured revolving loan	S +	6.50%	7/2029	—	(21)	(6)	—	%
Minotaur Acquisition, Inc. (dba Inspira Financial)(14)(27)	First lien senior secured loan	S +	5.00%	6/2030	147,994	146,536	146,514	2.4	%
Minotaur Acquisition, Inc. (dba Inspira Financial)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.00%	5/2025	—	(120)	(123)	—	%
Minotaur Acquisition, Inc. (dba Inspira Financial)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.00%	5/2026	—	(120)	(123)	—	%
Minotaur Acquisition, Inc. (dba Inspira Financial)(10)(23)(27)	First lien senior secured revolving loan	S +	5.00%	6/2030	—	(148)	(152)	—	%
NMI Acquisitionco, Inc. (dba Network Merchants)(13)(27)	First lien senior secured loan	S +	5.25%	9/2028	36,193	36,039	36,193	0.6	%
NMI Acquisitionco, Inc. (dba Network Merchants)(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	9/2028	—	(6)	—	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Smarsh Inc.(14)(27)	First lien senior secured loan	S +	5.75%	2/2029	762	756	762	—	%
Smarsh Inc.(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	5.75%	2/2025	95	94	95	—	%
Smarsh Inc.(10)(13)(27)	First lien senior secured revolving loan	S +	5.75%	2/2029	4	4	4	—	%
						415,235	418,016	6.9	%
Food and beverage
Balrog Acquisition, Inc. (dba Bakemark)(13)(27)	Second lien senior secured loan	S +	7.00%	9/2029	22,000	21,864	22,000	0.4	%
Blast Bidco Inc. (dba Bazooka Candy Brands)(14)(27)	First lien senior secured loan	S +	6.00%	10/2030	29,478	28,795	29,405	0.5	%
Blast Bidco Inc. (dba Bazooka Candy Brands)(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	10/2029	—	(76)	(9)	—	%
BP Veraison Buyer, LLC (dba Sun World)(14)(27)	First lien senior secured loan	S +	5.50%	5/2027	67,638	67,184	67,638	1.1	%
BP Veraison Buyer, LLC (dba Sun World)(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	5/2027	—	(52)	—	—	%
Gehl Foods, LLC(13)(27)	First lien senior secured loan	S +	6.25%	6/2030	69,403	68,710	68,709	1.1	%
Gehl Foods, LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.25%	12/2025	—	(27)	(27)	—	%
H-Food Holdings, LLC(11)(14)(27)	Second lien senior secured loan	S +	7.00%	3/2026	121,800	113,189	24,360	0.4	%
Hissho Sushi Merger Sub, LLC(14)(27)	First lien senior secured loan	S +	5.50%	5/2028	887	881	887	—	%
Hissho Sushi Merger Sub, LLC(10)(27)	First lien senior secured revolving loan	S +	5.50%	5/2028	—	—	—	—	%
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(13)(27)	First lien senior secured loan	S +	6.25%	3/2027	125,000	123,636	123,125	2.1	%
Nellson Nutraceutical, LLC(14)(27)	First lien senior secured loan	S +	5.75%	12/2025	25,688	25,646	25,302	0.4	%
The Better Being Co., LLC (fka Nutraceutical International Corporation)(13)(27)	First lien senior secured loan	S +	7.50% (3.75% PIK)	9/2026	201,527	200,327	192,458	3.2	%
The Better Being Co., LLC (fka Nutraceutical International Corporation)(10)(13)(27)	First lien senior secured revolving loan	S +	7.50% (3.75% PIK)	9/2026	4,087	4,036	3,439	0.1	%
Ole Smoky Distillery, LLC(13)(27)	First lien senior secured loan	S +	5.50%	3/2028	864	852	857	—	%
Ole Smoky Distillery, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	3/2028	—	(1)	(1)	—	%
Recipe Acquisition Corp. (dba Roland Corporation)(14)	Second lien senior secured loan	S +	9.00%	11/2024	32,000	31,992	32,160	0.5	%
Rushmore Investment III LLC (dba Winland Foods)(14)(27)	First lien senior secured loan	S +	6.25%	10/2030	252,695	248,957	252,695	4.2	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(14)(27)	First lien senior secured loan	S +	4.50%	7/2025	42,843	42,688	42,094	0.7	%
Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(10)(14)(27)	First lien senior secured revolving loan	S +	4.50%	7/2025	6,924	6,924	6,767	0.1	%
Tall Tree Foods, Inc.(11)(14)	First lien senior secured loan	S +	9.25% PIK	9/2024	60,715	47,544	38,554	0.6	%
Tall Tree Foods, Inc.(10)(11)(14)	First lien senior secured delayed draw term loan	S +	9.25% PIK	9/2024	3,781	1,520	2,287	—	%
Ultimate Baked Goods Midco, LLC(13)(27)	First lien senior secured loan	S +	6.25%	8/2027	80,003	78,809	80,003	1.3	%
Ultimate Baked Goods Midco, LLC(10)(13)(27)	First lien senior secured revolving loan	S +	6.25%	8/2027	1,865	1,736	1,865	—	%
						1,115,134	1,014,568	16.7	%
Healthcare equipment and services
Allied Benefit Systems Intermediate LLC(13)(27)	First lien senior secured loan	S +	5.25%	10/2030	843	831	837	—	%
Allied Benefit Systems Intermediate LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	10/2025	—	(1)	—	—	%
Bamboo US BidCo LLC(14)(27)	First lien senior secured loan	S +	6.75% (3.38% PIK)	9/2030	4,983	4,847	4,896	0.1	%
Bamboo US BidCo LLC(19)(27)	First lien senior secured EUR term loan	E +	6.75% (3.38% PIK)	9/2030	€3,100	3,194	3,273	0.1	%
Bamboo US BidCo LLC(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	6.75% (3.38% PIK)	3/2025	146	134	142	—	%
Bamboo US BidCo LLC(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	10/2029	—	(27)	(18)	—	%
CSC MKG Topco LLC (dba Medical Knowledge Group)(13)(27)	First lien senior secured loan	S +	5.75%	2/2029	1,255	1,237	1,243	—	%
Medline Borrower, LP(10)(27)	First lien senior secured revolving loan	S +	3.00%	10/2026	—	—	—	—	%
Nelipak Holding Company(14)(27)	First lien senior secured loan	S +	5.50%	3/2031	19,895	19,604	19,646	0.3	%
Nelipak Holding Company(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.50%	3/2027	—	(55)	(38)	—	%
Nelipak Holding Company(10)(13)(27)	First lien senior secured revolving loan	S +	5.50%	3/2031	2,178	2,095	2,106	—	%
NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(19)(27)	First lien senior secured EUR term loan	E +	5.50%	3/2031	€36,432	38,874	38,557	0.6	%
NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(10)(23)(24)(27)	First lien senior secured EUR delayed draw term loan	E +	5.50%	3/2027	€0	(110)	(75)	—	%
NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(10)(19)(27)	First lien senior secured EUR revolving loan	E +	5.50%	3/2031	€229	207	211	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(14)(27)(29)	First lien senior secured loan	S +	5.25%	1/2028	125,468	124,285	125,468	2.1	%
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(23)(27)(29)	First lien senior secured revolving loan	S +	5.25%	1/2028	—	(89)	—	—	%
PERKINELMER U.S. LLC(13)(27)	First lien senior secured loan	S +	5.00%	3/2029	19,364	19,355	19,329	0.3	%
PERKINELMER U.S. LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.00%	5/2026	—	(14)	—	—	%
Rhea Parent, Inc.(14)(27)	First lien senior secured loan	S +	5.50%	2/2029	758	747	758	—	%
						215,114	216,335	3.5	%
Healthcare providers and services
Covetrus, Inc.(14)(27)	Second lien senior secured loan	S +	9.25%	10/2030	5,000	4,912	4,888	0.1	%
Diagnostic Services Holdings, Inc. (dba Rayus Radiology)(13)(27)	First lien senior secured loan	S +	5.50%	3/2025	994	994	994	—	%
Engage Debtco Limited(14)(27)(29)	First lien senior secured loan	S +	6.00% (2.50%PIK)	7/2029	1,019	1,000	1,004	—	%
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(15)(27)	First lien senior secured loan	S +	6.25%	12/2029	61,505	60,370	61,197	1.0	%
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(10)(14)(27)	First lien senior secured revolving loan	S +	6.25%	12/2029	2,093	1,943	2,051	—	%
Maple Acquisition, LLC (dba Medicus)(14)(27)	First lien senior secured loan	S +	5.25%	5/2031	66,569	66,074	66,070	1.1	%
Maple Acquisition, LLC (dba Medicus)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	5/2026	—	(45)	(45)	—	%
Maple Acquisition, LLC (dba Medicus)(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	5/2030	—	(67)	(68)	—	%
National Dentex Labs LLC (fka Barracuda Dental LLC)(14)(27)	First lien senior secured loan	S +	8.00% (3.00% PIK)	4/2026	109,310	108,814	104,391	1.7	%
National Dentex Labs LLC (fka Barracuda Dental LLC)(10)(14)(27)	First lien senior secured delayed draw term loan	S +	8.00%	4/2026	2,341	2,187	2,137	—	%
National Dentex Labs LLC (fka Barracuda Dental LLC)(10)(14)(27)	First lien senior secured revolving loan	S +	7.00%	4/2026	8,710	8,646	8,289	0.1	%
Natural Partners, LLC(14)(27)(29)	First lien senior secured loan	S +	4.50%	11/2027	910	898	910	—	%
Natural Partners, LLC(10)(14)(27)(29)	First lien senior secured revolving loan	S +	4.50%	11/2027	27	26	27	—	%
OB Hospitalist Group, Inc.(14)(27)	First lien senior secured loan	S +	5.50%	9/2027	93,349	92,220	92,883	1.5	%
OB Hospitalist Group, Inc.(10)(14)(27)	First lien senior secured revolving loan	S +	5.50%	9/2027	6,867	6,704	6,792	0.1	%
Ex Vivo Parent Inc. (dba OB Hospitalist)(14)(27)	First lien senior secured loan	S +	9.75% PIK	9/2028	74,032	73,215	73,662	1.2	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Pacific BidCo Inc.(14)(27)(29)	First lien senior secured loan	S +	5.75% (3.20% PIK)	8/2029	35,455	34,766	35,189	0.6	%
PetVet Care Centers, LLC(13)(27)	First lien senior secured loan	S +	6.00%	11/2030	107,667	106,658	106,052	1.8	%
PetVet Care Centers, LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.00%	11/2025	—	(64)	(71)	—	%
PetVet Care Centers, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	11/2029	—	(141)	(222)	—	%
Plasma Buyer LLC (dba PathGroup)(14)(27)	First lien senior secured loan	S +	5.75%	5/2029	669	659	660	—	%
Plasma Buyer LLC (dba PathGroup)(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	6.25%	9/2025	10	10	10	—	%
Plasma Buyer LLC (dba PathGroup)(10)(14)(27)	First lien senior secured revolving loan	S +	5.75%	5/2028	42	41	41	—	%
PPV Intermediate Holdings, LLC(14)(27)	First lien senior secured loan	S +	5.75%	8/2029	933	918	921	—	%
PPV Intermediate Holdings, LLC(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	6.00%	9/2025	29	28	28	—	%
PPV Intermediate Holdings, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	5.75%	8/2029	—	(1)	(1)	—	%
Premier Imaging, LLC (dba LucidHealth)(14)(27)	First lien senior secured loan	S +	8.00%	1/2025	42,600	42,512	38,233	0.6	%
Premise Health Holding Corp.(15)(27)	First lien senior secured loan	S +	5.50%	3/2031	47,555	46,865	47,079	0.8	%
Premise Health Holding Corp.(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	3/2030	—	(78)	(55)	—	%
Quva Pharma, Inc.(13)(27)	First lien senior secured loan	S +	5.50%	4/2028	38,900	38,184	38,900	0.6	%
Quva Pharma, Inc.(10)(13)(27)	First lien senior secured revolving loan	S +	5.50%	4/2026	2,240	2,197	2,240	—	%
Tivity Health, Inc.(13)(27)	First lien senior secured loan	S +	6.00%	6/2029	983	963	983	—	%
Unified Women's Healthcare, LP(13)(27)	First lien senior secured loan	S +	5.25%	6/2029	25,128	24,955	25,128	0.4	%
Unified Women's Healthcare, LP(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.50%	10/2025	—	(5)	—	—	%
Unified Women's Healthcare, LP(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	3/2026	—	(36)	—	—	%
Unified Women's Healthcare, LP(10)(27)	First lien senior secured revolving loan	S +	5.25%	6/2029	—	—	—	—	%
Vermont Aus Pty Ltd(14)(27)(29)	First lien senior secured loan	S +	5.65%	3/2028	978	961	970	—	%
XRL 1 LLC (dba XOMA)(17)(27)	First lien senior secured loan		9.88%	12/2038	31,596	31,033	30,490	0.5	%
XRL 1 LLC (dba XOMA)(10)(17)(23)(24)(27)	First lien senior secured delayed draw term loan		9.88%	12/2025	—	(36)	(88)	—	%
						758,280	751,669	12.1	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Healthcare technology
BCPE Osprey Buyer, Inc. (dba PartsSource)(14)(27)	First lien senior secured loan	S +	5.75%	8/2028	116,984	115,732	116,106	1.9	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(10)(13)(24)(27)	First lien senior secured delayed draw term loan	S +	5.75%	10/2025	4,424	4,164	4,391	0.1	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(10)(13)(27)	First lien senior secured revolving loan	S +	5.75%	8/2026	6,323	6,235	6,234	0.1	%
RL Datix Holdings (USA), Inc.(15)(27)	First lien senior secured loan	S +	5.50%	4/2031	42,737	42,317	42,310	0.7	%
RL Datix Holdings (USA), Inc.(10)(24)(27)	First lien senior secured delayed draw term loan	S +	5.50%	4/2027	—	—	—	—	%
RL Datix Holdings (USA), Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	10/2030	—	(82)	(84)	—	%
RL Datix Holdings (USA), Inc. (dba Datix Bidco Limited)(22)(27)	First lien senior secured GBP term loan	SA +	5.50%	4/2031	£19,791	24,477	24,768	0.4	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(14)(27)	First lien senior secured loan	S +	6.00%	10/2028	4,516	4,454	4,436	0.1	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	10/2027	—	(4)	(6)	—	%
Imprivata, Inc.(14)(27)	Second lien senior secured loan	S +	6.25%	12/2028	882	874	882	—	%
Indikami Bidco, LLC (dba IntegriChain)(13)(27)	First lien senior secured loan	S +	6.50% (2.50% PIK)	12/2030	12,787	12,516	12,595	0.2	%
Indikami Bidco, LLC (dba IntegriChain)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.00%	12/2025	—	(17)	—	—	%
Indikami Bidco, LLC (dba IntegriChain)(10)(13)(27)	First lien senior secured revolving loan	S +	6.00%	6/2030	570	538	547	—	%
Ocala Bidco, Inc.(14)(27)	First lien senior secured loan	S +	6.25% (2.75% PIK)	11/2028	204,573	201,180	202,016	3.4	%
Ocala Bidco, Inc.(14)(27)	Second lien senior secured loan	S +	10.50% PIK	11/2033	119,632	118,110	118,435	2.0	%
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(14)(27)(29)	First lien senior secured loan	S +	6.50%	8/2026	116,008	115,383	113,398	1.9	%
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(13)(27)(29)	First lien senior secured revolving loan	S +	6.50%	8/2026	8,135	8,082	7,952	0.1	%
Interoperability Bidco, Inc. (dba Lyniate)(14)(27)	First lien senior secured loan	S +	7.00%	3/2028	68,028	67,789	67,008	1.1	%
Interoperability Bidco, Inc. (dba Lyniate)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	7.00%	6/2026	—	—	(67)	—	%
Interoperability Bidco, Inc. (dba Lyniate)(10)(23)(27)	First lien senior secured revolving loan	S +	7.00%	3/2028	—	(12)	(79)	—	%
						721,736	720,842	12.0	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Household products
Aptive Environmental, LLC(17)(27)	First lien senior secured loan		12.00% (6.00% PIK)	1/2026	13,383	12,282	13,618	0.2	%
HGH Purchaser, Inc. (dba Horizon Services)(14)(27)	First lien senior secured loan	S +	7.00% (2.50% PIK)	11/2026	187,928	187,051	186,050	3.1	%
HGH Purchaser, Inc. (dba Horizon Services)(10)(23)(27)	First lien senior secured revolving loan	S +	7.00%	11/2026	—	(58)	(165)	—	%
Mario Purchaser, LLC (dba Len the Plumber)(13)(27)	First lien senior secured loan	S +	5.75%	4/2029	19,685	19,384	19,685	0.3	%
Mario Purchaser, LLC (dba Len the Plumber)(10)(13)(24)(27)	First lien senior secured delayed draw term loan	S +	5.75%	10/2025	459	411	459	—	%
Mario Purchaser, LLC (dba Len the Plumber)(10)(13)(27)	First lien senior secured revolving loan	S +	5.75%	4/2028	92	74	92	—	%
Mario Midco Holdings, Inc. (dba Len the Plumber)(13)(27)	Unsecured facility	S +	10.75% PIK	4/2032	5,191	5,092	5,191	0.1	%
SimpliSafe Holding Corporation(13)(27)	First lien senior secured loan	S +	6.25%	5/2028	6,819	6,722	6,819	0.1	%
						230,958	231,749	3.8	%
Human resource support services
Cornerstone OnDemand, Inc.(13)(27)	Second lien senior secured loan	S +	6.50%	10/2029	115,833	114,546	105,988	1.8	%
IG Investments Holdings, LLC (dba Insight Global)(14)(27)	First lien senior secured loan	S +	6.00%	9/2028	50,189	49,512	49,938	0.8	%
IG Investments Holdings, LLC (dba Insight Global)(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	9/2027	—	(67)	(26)	—	%
						163,991	155,900	2.6	%
Infrastructure and environmental services
FR Vision Holdings, Inc. (dba CHA Consulting)(14)(27)	First lien senior secured loan	S +	5.50%	1/2031	25,446	25,203	25,319	0.4	%
FR Vision Holdings, Inc. (dba CHA Consulting)(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	5.50%	1/2026	2,142	2,084	2,132	—	%
FR Vision Holdings, Inc. (dba CHA Consulting)(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	1/2030	—	(19)	(10)	—	%
GI Apple Midco LLC (dba Atlas Technical Consultants)(13)(27)	First lien senior secured loan	S +	6.75%	4/2030	818	805	811	—	%
GI Apple Midco LLC (dba Atlas Technical Consultants)(10)(13)(24)(27)	First lien senior secured delayed draw term loan	S +	6.75%	4/2025	17	16	17	—	%
GI Apple Midco LLC (dba Atlas Technical Consultants)(10)(13)(27)	First lien senior secured revolving loan	S +	6.75%	4/2029	24	22	23	—	%
KENE Acquisition, Inc. (dba Entrust Solutions Group)(14)(27)	First lien senior secured loan	S +	5.25%	2/2031	11,554	11,332	11,410	0.2	%
KENE Acquisition, Inc. (dba Entrust Solutions Group)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	2/2026	—	(48)	(13)	—	%
KENE Acquisition, Inc. (dba Entrust Solutions Group)(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	2/2031	—	(29)	(19)	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
LineStar Integrity Services LLC(14)(27)	First lien senior secured loan	S +	7.25%	2/2026	55,106	54,233	51,800	0.9	%
LineStar Integrity Services LLC(10)(24)(27)	First lien senior secured delayed draw term loan	S +	7.25%	3/2025	—	—	—	—	%
LineStar Integrity Services LLC(14)(27)	First lien senior secured revolving loan	S +	7.25%	2/2026	9,903	9,775	9,309	0.2	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(14)(27)	First lien senior secured loan	S +	5.50%	3/2028	1,017	1,004	1,009	—	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	3/2028	—	(2)	(1)	—	%
						104,376	101,787	1.7	%
Insurance
Alera Group, Inc.(13)(27)	First lien senior secured loan	S +	5.25%	10/2028	34,285	34,285	34,285	0.6	%
AmeriLife Holdings LLC(13)(27)	First lien senior secured loan	S +	5.75%	8/2029	1,036	1,023	1,036	—	%
AmeriLife Holdings LLC(10)(24)(27)	First lien senior secured delayed draw term loan	S +	5.75%	6/2026	—	—	—	—	%
AmeriLife Holdings LLC(10)(23)(27)	First lien senior secured revolving loan	S +	5.75%	8/2028	—	(1)	—	—	%
Brightway Holdings, LLC(13)(27)	First lien senior secured loan	S +	6.50%	12/2027	29,380	29,139	29,013	0.5	%
Brightway Holdings, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	6.50%	12/2027	—	(23)	(39)	—	%
Evolution BuyerCo, Inc. (dba SIAA)(14)(27)	First lien senior secured loan	S +	6.25%	4/2028	139,562	138,332	139,562	2.3	%
Evolution BuyerCo, Inc. (dba SIAA)(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	6.00%	12/2025	3,965	3,818	3,955	0.1	%
Evolution BuyerCo, Inc. (dba SIAA)(10)(23)(27)	First lien senior secured revolving loan	S +	6.25%	4/2027	—	(72)	—	—	%
Galway Borrower LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.00%	2/2026	—	(7)	—	—	%
Galway Borrower LLC(10)(14)(27)	First lien senior secured revolving loan	S +	5.25%	9/2028	27	25	26	—	%
Integrity Marketing Acquisition, LLC(14)(27)	First lien senior secured loan	S +	5.83%	8/2026	156,703	156,380	156,703	2.6	%
Integrity Marketing Acquisition, LLC(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	6.00%	8/2025	20,680	20,380	20,680	0.3	%
Integrity Marketing Acquisition, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	6.50%	8/2026	—	(46)	—	—	%
Norvax, LLC (dba GoHealth)(13)(27)	First lien senior secured loan	S +	7.50%	9/2025	66,929	66,219	65,590	1.1	%
Norvax, LLC (dba GoHealth)(10)(13)(27)	First lien senior secured revolving loan	S +	6.50%	6/2025	826	822	703	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(13)(27)	First lien senior secured loan	S +	5.50%	11/2028	109,181	109,181	108,995	1.8	%
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	11/2027	—	(34)	(10)	—	%
PCF Midco II, LLC (dba PCF Insurance Services)(17)(27)	First lien senior secured loan		9.00% PIK	10/2031	150,866	141,576	142,191	2.4	%
Summit Acquisition Inc. (dba K2 Insurance Services)(14)(27)	First lien senior secured loan	S +	6.75%	5/2030	730	710	726	—	%
Summit Acquisition Inc. (dba K2 Insurance Services)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.75%	11/2024	—	(2)	—	—	%
Summit Acquisition Inc. (dba K2 Insurance Services)(10)(23)(27)	First lien senior secured revolving loan	S +	6.75%	5/2029	—	(2)	—	—	%
Tempo Buyer Corp. (dba Global Claims Services)(14)(27)	First lien senior secured loan	S +	4.75%	8/2028	1,061	1,047	1,061	—	%
Tempo Buyer Corp. (dba Global Claims Services)(10)(14)(27)	First lien senior secured revolving loan	S +	4.75%	8/2027	57	55	57	—	%
THG Acquisition, LLC (dba Hilb)(13)(27)	First lien senior secured loan	S +	5.75%	12/2026	73,590	72,850	73,590	1.2	%
THG Acquisition, LLC (dba Hilb)(10)(13)(27)	First lien senior secured revolving loan	S +	5.75%	12/2025	3,061	3,006	3,061	0.1	%
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(14)(27)	First lien senior secured loan	S +	5.75%	7/2027	38,208	37,766	38,208	0.6	%
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(10)(23)(27)	First lien senior secured revolving loan	S +	5.75%	7/2027	—	(43)	—	—	%
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(13)(27)	First lien senior secured loan	S +	10.50% PIK	7/2030	38,909	38,562	38,909	0.6	%
						854,946	858,302	14.2	%
Internet software and services
3ES Innovation Inc. (dba Aucerna)(14)(27)(29)	First lien senior secured loan	S +	6.50%	5/2025	59,698	59,547	59,698	1.0	%
3ES Innovation Inc. (dba Aucerna)(10)(23)(27)(29)	First lien senior secured revolving loan	S +	6.50%	5/2025	—	(7)	—	—	%
AlphaSense, Inc.(14)(27)	First lien senior secured loan	S +	6.25%	6/2029	707	700	700	—	%
AlphaSense, Inc.(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.25%	12/2025	—	(1)	(1)	—	%
AlphaSense, Inc.(10)(27)	First lien senior secured delayed draw term loan	S +	6.25%	6/2029	—	—	—	—	%
Anaplan, Inc.(14)(27)	First lien senior secured loan	S +	5.75%	6/2029	135,082	135,082	135,082	2.3	%
Anaplan, Inc.(14)(27)	First lien senior secured loan	S +	5.75%	6/2029	4,052	4,013	4,052	0.1	%
Anaplan, Inc.(10)(27)	First lien senior secured revolving loan	S +	5.75%	6/2028	—	—	—	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Aptean Acquiror, Inc. (dba Aptean)(13)(27)	First lien senior secured loan	S +	5.25%	1/2031	785	778	781	—	%
Aptean Acquiror, Inc. (dba Aptean)(10)(13)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	1/2026	7	6	7	—	%
Aptean Acquiror, Inc. (dba Aptean)(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	1/2031	—	(1)	—	—	%
Armstrong Bidco Limited (dba The Access Group)(22)(27)(29)	First lien senior secured loan	SA +	5.25%	6/2029	£2,960	3,571	3,732	0.1	%
Artifact Bidco, Inc. (dba Aveta)(14)(27)	First lien senior secured loan	S +	4.50%	5/2031	9,105	9,059	9,059	0.2	%
Artifact Bidco, Inc. (dba Aveta)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	4.50%	5/2027	—	(17)	(6)	—	%
Artifact Bidco, Inc. (dba Aveta)(10)(23)(27)	First lien senior secured revolving loan	S +	4.50%	5/2030	—	(6)	(6)	—	%
Artifact Bidco, Inc. (dba Aveta)(10)(23)(27)	First lien senior secured revolving loan	S +	4.50%	5/2030	—	(2)	(2)	—	%
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(13)(27)	First lien senior secured loan	S +	6.50%	3/2031	3,658	3,604	3,612	0.1	%
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(10)(13)(24)(27)	First lien senior secured delayed draw term loan	S +	6.50%	3/2026	5,320	5,221	5,239	0.1	%
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(10)(23)(27)	First lien senior secured revolving loan	S +	6.50%	3/2031	—	(19)	(17)	—	%
Bayshore Intermediate #2, L.P. (dba Boomi)(14)(27)	First lien senior secured loan	S +	7.50% PIK	10/2028	110,606	109,310	110,606	1.8	%
Bayshore Intermediate #2, L.P. (dba Boomi)(10)(23)(27)	First lien senior secured revolving loan	S +	6.50%	10/2027	—	(84)	—	—	%
BCTO BSI Buyer, Inc. (dba Buildertrend)(14)(27)	First lien senior secured loan	S +	7.50% PIK	12/2026	58,110	57,827	58,110	1.0	%
BCTO BSI Buyer, Inc. (dba Buildertrend)(10)(23)(27)	First lien senior secured revolving loan	S +	7.50%	12/2026	—	(53)	—	—	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(14)(27)	First lien senior secured loan	S +	5.50%	8/2027	12,729	12,547	12,347	0.2	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(10)(14)(27)	First lien senior secured revolving loan	S +	5.50%	8/2027	273	263	249	—	%
Crewline Buyer, Inc. (dba New Relic)(14)(27)	First lien senior secured loan	S +	6.75%	11/2030	106,201	104,708	105,936	1.8	%
Crewline Buyer, Inc. (dba New Relic)(10)(23)(27)	First lien senior secured revolving loan	S +	6.75%	11/2030	—	(151)	(28)	—	%
CivicPlus, LLC(14)(27)	First lien senior secured loan	S +	5.75% (2.50% PIK)	8/2027	36,035	35,821	36,035	0.6	%
CivicPlus, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	8/2027	—	(15)	—	—	%
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(14)(27)	Unsecured notes	S +	11.75% PIK	6/2034	23,098	22,677	23,098	0.4	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Coupa Holdings, LLC(14)(27)	First lien senior secured loan	S +	5.50%	2/2030	785	785	785	—	%
Coupa Holdings, LLC(10)(24)(27)	First lien senior secured delayed draw term loan	S +	5.50%	8/2025	—	—	—	—	%
Coupa Holdings, LLC(10)(27)	First lien senior secured revolving loan	S +	5.50%	2/2029	—	—	—	—	%
Delinea Buyer, Inc. (f/k/a Centrify)(14)(27)	First lien senior secured loan	S +	5.75%	3/2028	65,219	64,236	65,219	1.1	%
Delinea Buyer, Inc. (f/k/a Centrify)(10)(23)(27)	First lien senior secured revolving loan	S +	5.75%	3/2027	—	(89)	—	—	%
Delinea Buyer, Inc. (f/k/a Centrify)(14)(27)	First lien senior secured loan	S +	6.00%	3/2028	23,671	23,218	23,671	0.4	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(6)(14)(27)	Second lien senior secured loan	S +	5.25%	11/2030	10,000	9,950	10,120	0.2	%
EET Buyer, Inc. (dba e-Emphasys)(14)(27)	First lien senior secured loan	S +	5.00%	11/2027	4,443	4,416	4,443	0.1	%
EET Buyer, Inc. (dba e-Emphasys)(10)(23)(27)	First lien senior secured revolving loan	S +	5.00%	11/2027	—	(3)	—	—	%
Forescout Technologies, Inc.(14)(27)	First lien senior secured loan	S +	5.00%	5/2031	79,599	79,205	79,201	1.3	%
Forescout Technologies, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	5.00%	5/2030	—	(28)	(28)	—	%
Granicus, Inc.(14)(27)	First lien senior secured loan	S +	5.75% (2.25% PIK)	1/2031	7,790	7,716	7,751	0.1	%
Granicus, Inc.(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.75% (2.25% PIK)	1/2026	—	(5)	—	—	%
Granicus, Inc.(10)(13)(27)	First lien senior secured revolving loan	S +	5.25%	1/2031	18	7	12	—	%
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(13)(27)(29)	First lien senior secured loan	S +	7.50%	4/2026	51,567	51,010	51,567	0.9	%
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(10)(23)(27)(29)	First lien senior secured revolving loan	S +	7.50%	4/2026	—	(145)	—	—	%
Hyland Software, Inc.(13)(27)	First lien senior secured loan	S +	6.00%	9/2030	52,902	52,171	52,506	0.9	%
Hyland Software, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	9/2029	—	(33)	(19)	—	%
Icefall Parent, Inc. (dba EngageSmart)(14)(27)	First lien senior secured loan	S +	6.50%	1/2030	22,051	21,633	21,886	0.4	%
Icefall Parent, Inc. (dba EngageSmart)(10)(23)(27)	First lien senior secured revolving loan	S +	6.50%	1/2030	—	(39)	(16)	—	%
JS PARENT, INC. (dba Jama Software)(14)(27)	First lien senior secured loan	S +	5.00%	4/2031	912	907	907	—	%
JS PARENT, INC. (dba Jama Software)(10)(27)	First lien senior secured revolving loan	S +	5.00%	4/2031	—	—	—	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Litera Bidco LLC(13)(27)	First lien senior secured loan	S +	4.75%	5/2028	123,894	123,290	123,274	2.1	%
Litera Bidco LLC(10)(13)(24)(27)	First lien senior secured delayed draw term loan	S +	4.75%	11/2026	7,281	7,179	7,177	0.1	%
Litera Bidco LLC(10)(24)(27)	First lien senior secured delayed draw term loan	S +	4.75%	5/2027	—	—	—	—	%
Litera Bidco LLC(10)(23)(27)	First lien senior secured revolving loan	S +	4.75%	5/2028	—	(40)	(41)	—	%
MessageBird BidCo B.V.(13)(27)(29)	First lien senior secured loan	S +	6.75%	4/2027	28,233	27,893	28,233	0.5	%
MINDBODY, Inc.(14)(27)	First lien senior secured loan	S +	7.00%	9/2025	62,018	61,928	61,863	1.0	%
MINDBODY, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	7.00%	9/2025	—	(6)	(15)	—	%
Ministry Brands Holdings, LLC(13)(27)	First lien senior secured loan	S +	5.50%	12/2028	760	750	751	—	%
Ministry Brands Holdings, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	12/2027	—	(1)	(1)	—	%
PDI TA Holdings, Inc.(14)(27)	First lien senior secured loan	S +	5.25%	2/2031	13,401	13,209	13,267	0.2	%
PDI TA Holdings, Inc.(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	2/2026	1,602	1,546	1,568	—	%
PDI TA Holdings, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	2/2031	—	(22)	(15)	—	%
QAD, Inc.(13)(27)	First lien senior secured loan	S +	5.25%	11/2027	25,974	25,651	25,974	0.4	%
QAD, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	11/2027	—	(38)	—	—	%
SailPoint Technologies Holdings, Inc.(13)(27)	First lien senior secured loan	S +	6.00%	8/2029	45,640	44,869	45,526	0.8	%
SailPoint Technologies Holdings, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	8/2028	—	(60)	(11)	—	%
Securonix, Inc.(14)(27)	First lien senior secured loan	S +	7.00%	4/2028	847	842	746	—	%
Securonix, Inc.(10)(13)(23)(27)	First lien senior secured revolving loan	S +	7.00%	4/2028	3	2	(15)	—	%
Sitecore Holding III A/S(15)(27)	First lien senior secured loan	S +	7.75% (4.25% PIK)	3/2029	4,141	4,113	4,141	0.1	%
Sitecore USA, Inc.(15)(27)	First lien senior secured loan	S +	7.75% (4.25% PIK)	3/2029	24,964	24,798	24,964	0.4	%
Sitecore Holding III A/S(20)(27)	First lien senior secured EUR term loan	E +	7.75% (4.25% PIK)	3/2029	€24,236	25,395	25,975	0.4	%
Thunder Purchaser, Inc. (dba Vector Solutions)(14)(27)	First lien senior secured loan	S +	5.75%	6/2028	68,291	67,864	68,291	1.1	%
Thunder Purchaser, Inc. (dba Vector Solutions)(10)(14)(27)	First lien senior secured revolving loan	S +	5.75%	6/2027	4,441	4,409	4,441	0.1	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
When I Work, Inc.(14)(27)	First lien senior secured loan	S +	7.00% PIK	11/2027	5,781	5,750	5,622	0.1	%
When I Work, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	11/2027	—	(5)	(25)	—	%
Zendesk, Inc.(14)(27)	First lien senior secured loan	S +	6.25%	11/2028	71,217	70,154	71,217	1.2	%
Zendesk, Inc.(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.25%	11/2024	—	(471)	—	—	%
Zendesk, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	6.25%	11/2028	—	(104)	—	—	%
						1,388,185	1,399,195	23.6	%
Leisure and entertainment
Troon Golf, L.L.C.(14)(27)	First lien senior secured loan	S +	5.50%	8/2027	236,487	235,800	236,487	3.9	%
Troon Golf, L.L.C.(10)(23)(27)	First lien senior secured revolving loan	S +	5.50%	8/2026	—	(45)	—	—	%
						235,755	236,487	3.9	%
Manufacturing
FARADAY BUYER, LLC (dba MacLean Power Systems)(14)(27)	First lien senior secured loan	S +	6.00%	10/2028	105,493	103,597	104,965	1.8	%
FARADAY BUYER, LLC (dba MacLean Power Systems)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.00%	11/2025	—	(97)	—	—	%
Gloves Buyer, Inc. (dba Protective Industrial Products)(6)(13)(27)	First lien senior secured loan	S +	4.00%	12/2027	15,000	14,964	14,907	0.2	%
Helix Acquisition Holdings, Inc. (dba MW Industries)(14)(27)	First lien senior secured loan	S +	7.00%	3/2030	946	921	939	—	%
Ideal Tridon Holdings, Inc.(14)(27)	First lien senior secured loan	S +	6.75%	4/2028	26,667	26,023	26,467	0.4	%
Ideal Tridon Holdings, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	6.75%	4/2028	—	(58)	(19)	—	%
JSG II, Inc.(13)(27)	First lien senior secured loan	S +	4.50%	6/2026	13,566	13,522	13,532	0.2	%
MHE Intermediate Holdings, LLC (dba OnPoint Group)(14)(27)	First lien senior secured loan	S +	6.00%	7/2027	110,178	109,548	110,178	1.8	%
MHE Intermediate Holdings, LLC (dba OnPoint Group)(10)(23)(27)	First lien senior secured revolving loan	S +	6.00%	7/2027	—	(79)	—	—	%
PHM Netherlands Midco B.V. (dba Loparex)(14)(27)	First lien senior secured loan	S +	4.50%	2/2027	798	798	798	—	%
PHM Netherlands Midco B.V. (dba Loparex)(14)(27)	Second lien senior secured loan	S +	8.75%	7/2027	112,000	108,156	88,760	1.5	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Sonny's Enterprises, LLC(14)(27)	First lien senior secured loan	S +	5.25%	8/2028	236,803	234,718	236,803	4.0	%
Sonny's Enterprises, LLC(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	11/2024	624	612	624	—	%
Sonny's Enterprises, LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	6/2026	—	(87)	—	—	%
Sonny's Enterprises, LLC(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	8/2027	—	(118)	—	—	%
						612,420	597,954	9.9	%
Oil and gas
Project Power Buyer, LLC (dba PEC-Veriforce)(14)(27)	First lien senior secured loan	S +	7.00%	5/2026	43,949	43,750	43,949	0.7	%
Project Power Buyer, LLC (dba PEC-Veriforce)(10)(23)(27)	First lien senior secured revolving loan	S +	7.00%	5/2025	—	(6)	—	—	%
						43,744	43,949	0.7	%
Pharmaceuticals
BridgeBio Pharma, Inc.(14)(27)(29)	First lien senior secured loan	S +	6.50%	N/A	75,000	74,896	74,813	1.2	%
						74,896	74,813	1.2	%
Professional services
Apex Group Treasury LLC(14)(27)(29)	Second lien senior secured loan	S +	6.75%	7/2029	44,147	43,609	44,147	0.7	%
Apex Service Partners, LLC(14)(27)	First lien senior secured loan	S +	7.00% (2.00%PIK)	10/2030	26,083	25,483	25,692	0.4	%
Apex Service Partners, LLC(10)(14)(24)(27)	First lien senior secured delayed draw term loan	S +	7.00% (2.00% PIK)	10/2025	5,562	5,427	5,477	0.1	%
Apex Service Partners, LLC(10)(14)(27)	First lien senior secured revolving loan	S +	6.50%	10/2029	920	875	889	—	%
Essential Services Holding Corporation (dba Turnpoint)(13)(27)	First lien senior secured loan	S +	5.00%	6/2031	19,717	19,521	19,520	0.3	%
Essential Services Holding Corporation (dba Turnpoint)(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.00%	6/2026	—	(19)	(19)	—	%
Essential Services Holding Corporation (dba Turnpoint)(10)(23)(27)	First lien senior secured revolving loan	S +	5.00%	6/2030	—	(24)	(24)	—	%
Gerson Lehrman Group, Inc.(14)(27)	First lien senior secured loan	S +	5.25%	12/2027	122,818	121,833	122,511	2.0	%
Gerson Lehrman Group, Inc.(10)(23)(27)	First lien senior secured revolving loan	S +	5.25%	12/2027	—	(49)	(16)	—	%
Guidehouse Inc.(13)(27)	First lien senior secured loan	S +	5.75% (2.00% PIK)	12/2030	4,607	4,607	4,595	0.1	%
Relativity ODA LLC(13)(27)	First lien senior secured loan	S +	6.00%	5/2027	85,834	85,231	85,834	1.4	%
Relativity ODA LLC(10)(23)(27)	First lien senior secured revolving loan	S +	6.50%	5/2027	—	(52)	—	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Sensor Technology Topco, Inc. (dba Humanetics)(14)(27)	First lien senior secured loan	S +	7.00% (2.00% PIK)	5/2028	65,013	64,698	65,338	1.1	%
Sensor Technology Topco, Inc. (dba Humanetics)(10)(24)(27)	First lien senior secured delayed draw term loan	S +	6.50%	9/2025	—	—	—	—	%
Sensor Technology Topco, Inc. (dba Humanetics)(10)(24)(27)	First lien senior secured EUR delayed draw term loan	E +	6.75%	9/2025	€0	—	—	—	%
Sensor Technology Topco, Inc. (dba Humanetics)(19)(27)	First lien senior secured EUR term loan	E +	7.25% (2.25% PIK)	5/2028	€11,733	12,684	12,638	0.2	%
Sensor Technology Topco, Inc. (dba Humanetics)(10)(13)(27)	First lien senior secured revolving loan	S +	6.50%	5/2028	2,035	2,009	2,064	—	%
						385,833	388,646	6.3	%
Specialty retail
Galls, LLC(14)(27)	First lien senior secured loan	S +	6.50% (1.50% PIK)	3/2030	98,270	96,856	96,796	1.6	%
Galls, LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	6.50% (1.50% PIK)	3/2026	—	(195)	(82)	—	%
Galls, LLC(10)(13)(27)	First lien senior secured revolving loan	S +	6.00%	3/2030	656	469	459	—	%
Milan Laser Holdings LLC(14)(27)	First lien senior secured loan	S +	5.00%	4/2027	23,689	23,564	23,689	0.4	%
Milan Laser Holdings LLC(10)(14)(27)	First lien senior secured revolving loan	S +	5.00%	4/2026	802	788	802	—	%
Notorious Topco, LLC (dba Beauty Industry Group)(14)(27)	First lien senior secured loan	S +	7.25% (2.50% PIK)	11/2027	117,821	116,731	110,162	1.8	%
Notorious Topco, LLC (dba Beauty Industry Group)(10)(23)(27)	First lien senior secured revolving loan	S +	6.75%	5/2027	—	(76)	(623)	—	%
The Shade Store, LLC(14)(27)	First lien senior secured loan	S +	6.00%	10/2029	39,191	37,644	38,211	0.6	%
The Shade Store, LLC(10)(14)(27)	First lien senior secured revolving loan	S +	6.00%	10/2028	1,367	1,218	1,266	—	%
						276,999	270,680	4.4	%
Telecommunications
Park Place Technologies, LLC(13)(27)	First lien senior secured loan	S +	5.25%	3/2031	2,356	2,333	2,344	—	%
Park Place Technologies, LLC(10)(23)(24)(27)	First lien senior secured delayed draw term loan	S +	5.25%	9/2025	—	(2)	—	—	%
Park Place Technologies, LLC(10)(13)(27)	First lien senior secured revolving loan	S +	5.25%	3/2030	31	29	30	—	%
PPT Holdings III, LLC (dba Park Place Technologies)(17)(27)	First lien senior secured loan		12.75% PIK	3/2034	775	757	760	—	%
						3,117	3,134	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)		Fair Value		Percentage of Net Assets
Transportation
Lightbeam Bidco, Inc. (dba Lazer Spot)(14)(27)	First lien senior secured loan	S +	5.00%	5/2030	4,501	4,501		4,501		0.1	%
Lightbeam Bidco, Inc. (dba Lazer Spot)(10)(23)(27)	First lien senior secured revolving loan	S +	5.00%	5/2029	—	(4)		—		—	%
Lytx, Inc.(13)(27)	First lien senior secured loan	S +	5.00%	2/2028	71,005	71,005		71,005		1.2	%
						75,502		75,506		1.3	%
Total non-controlled/non-affiliated portfolio company debt investments						$	11,119,893	$	10,927,610	180.9	%

Equity Investments
Aerospace and defense
Space Exploration Technologies Corp.(12)(27)(28)	Class A Common Stock		N/A	N/A	46,605	2,557		5,002		0.1	%
Space Exploration Technologies Corp.(12)(27)(28)	Class C Common Stock		N/A	N/A	9,360	446		1,005		—	%
						3,003		6,007		0.1	%
Asset based lending and fund finance
Amergin Asset Management, LLC(12)(27)(28)(29)	Class A Units		N/A	N/A	50,000,000	1		—		—	%
						1		—		—	%
Automotive services
CD&R Value Building Partners I, L.P. (dba Belron)(7)(12)(27)(28)(29)	LP Interest		N/A	N/A	32,911	32,910		40,315		0.7	%
Metis HoldCo, Inc. (dba Mavis Tire Express Services)(17)(27)(28)	Series A Convertible Preferred Stock		7.00% PIK	N/A	149,692	182,931		186,336		3.1	%
						215,841		226,651		3.8	%
Buildings and real estate
Dodge Construction Network Holdings, L.P.(12)(27)(28)	Class A-2 Common Units		N/A	N/A	2,181,629	1,860		995		—	%
Dodge Construction Network Holdings, L.P.(14)(27)(28)	Series A Preferred Units	S +	8.25% PIK	N/A	—	45		25		—	%
						1,905		1,020		—	%
Business services
Denali Holding, LP (dba Summit Companies)(12)(27)(28)	Class A Units		N/A	N/A	337,460	3,431		5,639		0.1	%
Hercules Buyer, LLC (dba The Vincit Group)(12)(21)(27)(28)	Common Units		N/A	N/A	2,190,000	2,192		2,676		—	%
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(15)(27)(28)	Perpetual Preferred Stock	S +	10.75% PIK	N/A	14,000	16,383		16,661		0.3	%
						22,006		24,976		0.4	%
Consumer Products
ASP Conair Holdings LP(12)(27)(28)	Class A Units		N/A	N/A	60,714	6,071		6,218		0.1	%
						6,071		6,218		0.1	%
Financial services
Blend Labs, Inc.(5)(12)(27)	Common stock		N/A	N/A	72,317	1,000		171		—	%
Blend Labs, Inc.(12)(27)(28)	Warrants		N/A	N/A	179,529	975		2		—	%
						1,975		173		—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Food and beverage
HFS Matterhorn Topco, Inc.(12)(27)(28)	Common Units		N/A	N/A	1,088	10,874	—	—	%
Hissho Sushi Holdings, LLC(12)(27)(28)	Class A units		N/A	N/A	7,502	75	104	—	%
						10,949	104	—	%
Healthcare equipment and services
KPCI Holdings, L.P.(12)(27)(28)	Class A Units		N/A	N/A	30	32,284	56,935	0.9	%
Maia Aggregator, LP(12)(27)(28)	Class A-2 Units		N/A	N/A	168,539	169	162	—	%
Patriot Holdings SCSp (dba Corza Health, Inc.)(12)(27)(28)(29)	Class B Units		N/A	N/A	97,833	162	696	—	%
Patriot Holdings SCSp (dba Corza Health, Inc.)(17)(27)(28)(29)	Class A Units		8.00% PIK	N/A	7,104	10,139	10,139	0.2	%
Rhea Acquisition Holdings, LP(12)(27)(28)	Series A-2 Units		N/A	N/A	119,048	119	169	—	%
						42,873	68,101	1.1	%
Healthcare providers and services
KOBHG Holdings, L.P. (dba OB Hospitalist)(12)(27)(28)	Class A Interests		N/A	N/A	6,670	6,670	5,884	0.1	%
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(12)(27)(28)	Class A Interest		N/A	N/A	452	4,518	4,518	0.1	%
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(17)(27)(28)	Series A Preferred Stock		15.00% PIK	N/A	13,124	12,902	12,763	0.2	%
XOMA Corporation(12)(27)(28)	Warrants		N/A	N/A	30	205	322	—	%
						24,295	23,487	0.4	%
Healthcare technology
BEHP Co-Investor II, L.P.(12)(27)(28)(29)	LP Interest		N/A	N/A	1,270	1,266	1,389	—	%
WP Irving Co-Invest, L.P.(12)(27)(28)(29)	Partnership Units		N/A	N/A	1,250,000	1,250	1,368	—	%
Minerva Holdco, Inc.(17)(27)(28)	Series A Preferred Stock		10.75% PIK	N/A	7,000	8,692	8,449	0.1	%
						11,208	11,206	0.1	%
Household products
Evology, LLC(12)(27)(28)	Class B Units		N/A	N/A	451	2,160	2,065	—	%
						2,160	2,065	—	%
Human resource support services
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(17)(27)(28)	Series A Preferred Stock		10.50% PIK	N/A	38,500	47,594	41,190	0.7	%
						47,594	41,190	0.7	%
Insurance
Accelerate Topco Holdings, LLC(12)(27)(28)	Common Units		N/A	N/A	513	14	19	—	%
Evolution Parent, LP (dba SIAA)(12)(27)(28)	LP Interest		N/A	N/A	42,838	4,284	4,874	0.1	%
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(12)(27)(28)	LP Interest		N/A	N/A	638	638	630	—	%
GoHealth, Inc. (5)(12)(27)	Common stock		N/A	N/A	68,125	5,234	667	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)		Fair Value		Percentage of Net Assets
Hockey Parent Holdings, L.P.(12)(27)(28)	Class A Units		N/A	N/A	10,000	10,010		10,000		0.2	%
PCF Holdco, LLC (dba PCF Insurance Services)(17)(27)(28)	Series A Preferred Units		15.00% PIK	N/A	16,644	13,442		15,410		0.3	%
PCF Holdco, LLC (dba PCF Insurance Services)(12)(27)(28)	Class A Units		N/A	N/A	14,772,724	37,463		65,120		1.1	%
PCF Holdco, LLC (dba PCF Insurance Services)(12)(27)(28)	Class A Unit Warrants		N/A	N/A	1,288,200	4,396		3,837		0.1	%
						75,481		100,557		1.8	%
Internet and software services
AlphaSense, LLC(12)(27)(28)	Series A Preferred Shares		N/A	N/A	3,386	152		152		—	%
BCTO WIW Holdings, Inc. (dba When I Work)(12)(27)(28)	Class A Common Stock		N/A	N/A	13,000	1,300		767		—	%
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(12)(27)(28)	Common Units		N/A	N/A	7,503,843	7,504		8,183		0.1	%
Elliott Alto Co-Investor Aggregator L.P.(12)(27)(28)(29)	LP Interest		N/A	N/A	3,134	3,155		4,056		0.1	%
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(12)(27)(28)(29)	LP Interest		N/A	N/A	1,233	1,233		1,401		—	%
MessageBird Holding B.V.(12)(27)(28)(29)	Extended Series C Warrants		N/A	N/A	122,890	753		122		—	%
Picard Holdco, Inc.(14)(27)(28)	Series A Preferred Stock	S +	12.00% PIK	N/A	21,139	22,366		24,039		0.4	%
Project Alpine Co-Invest Fund, LP(12)(27)(28)(29)	LP Interest		N/A	N/A	10,000	10,006		11,817		0.2	%
Project Hotel California Co-Invest Fund, L.P.(12)(27)(28)(29)	LP Interest		N/A	N/A	2,685	2,687		2,937		—	%
Thunder Topco L.P. (dba Vector Solutions)(12)(27)(28)	Common Units		N/A	N/A	3,829,614	3,830		4,134		0.1	%
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(17)(27)(28)	Series A Preferred Stock		6.00% PIK	N/A	21,250	25,020		24,832		0.4	%
WMC Bidco, Inc. (dba West Monroe)(17)(27)(28)	Senior Preferred Stock		11.25% PIK	N/A	16,692	22,152		21,117		0.4	%
Zoro TopCo, Inc. (dba Zendesk, Inc.)(17)(27)(28)	Series A Preferred Stock		12.50% PIK	N/A	9,554	10,989		11,294		0.2	%
Zoro TopCo, L.P. (dba Zendesk, Inc.)(12)(27)(28)	Class A Common Units		N/A	N/A	796,165	7,962		8,669		0.1	%
						119,109		123,520		2.0	%
Manufacturing
Gloves Holdings, LP (dba Protective Industrial Products)(12)(27)(28)	LP Interest		N/A	N/A	32,500	3,250		3,847		0.1	%
Windows Entities(18)(27)(28)	LLC Units		N/A	N/A	31,849	60,318		138,629		2.3	%
						63,568		142,476		2.4	%
Total non-controlled/non-affiliated portfolio company equity investments						$	648,039	$	777,751	12.9	%
Total non-controlled/non-affiliated portfolio company investments						$	11,767,932	$	11,705,361	193.8	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)		Fair Value		Percentage of Net Assets
Non-controlled/affiliated portfolio company investments(25)
Debt Investments
Specialty retail
Ideal Image Development, LLC(16)(27)	First lien senior secured loan	S +	6.50% PIK	2/2029	4,519	4,478		4,474		0.1	%
Ideal Image Development, LLC(16)(27)	First lien senior secured revolving loan	S +	6.50%	2/2029	1,463	1,463		1,449		—	%
						5,941		5,923		0.1	%
Total non-controlled/affiliated portfolio company debt investments						$	5,941	$	5,923	0.1	%

Equity Investments
Pharmaceuticals
LSI Financing 1 DAC(10)(27)(28)(29)	Preferred equity		N/A	N/A	18,949,711	16,975		18,385		0.3	%
						16,975		18,385		0.3	%
Specialty retail
Ideal Topco, L.P.(12)(27)(28)	Class A-1 Preferred Units		N/A	N/A	8,049	8,049		8,049		0.1	%
Ideal Topco, L.P.(12)(27)(28)	Class A-2 Common Units		N/A	N/A	6,220	—		—		—	%
						8,049		8,049		0.1	%
Total non-controlled/affiliated portfolio company equity investments						$	25,024	$	26,434	0.4	%
Total non-controlled/affiliated portfolio company investments						$	30,965	$	32,357	0.5	%

Controlled/affiliated portfolio company investments(26)
Debt Investments
Advertising and media
Swipe Acquisition Corporation (dba PLI)(10)(13)(27)	First lien senior secured loan	S +	8.00%	6/2026	69,402	69,359		69,403		1.2	%
Swipe Acquisition Corporation (dba PLI)(10)(27)	Letter of credit	S +	8.00%	6/2026	—	—		—		—	%
						69,359		69,403		1.2	%
Asset based lending and fund finance
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(17)(27)(29)	First lien senior secured loan		12.00% PIK	7/2030	40,643	40,643		40,643		0.7	%
AAM Series 2.1 Aviation Feeder, LLC(17)(27)(29)	First lien senior secured loan		12.00% PIK	11/2030	27,974	27,974		27,974		0.5	%
						68,617		68,617		1.2	%
Distribution
PS Operating Company LLC (fka QC Supply, LLC)(11)(14)	First lien senior secured loan	S +	6.00% PIK	12/2026	14,442	13,366		7,076		0.1	%
PS Operating Company LLC (fka QC Supply, LLC)(10)(11)(14)	First lien senior secured revolving loan	S +	6.00% PIK	12/2026	4,480	4,196		1,774		—	%
						17,562		8,850		0.1	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)		Fair Value		Percentage of Net Assets
Household products
Walker Edison Furniture Company LLC(11)(14)(27)	First lien senior secured loan	S +	6.75% PIK	3/2027	28,783	23,490		19,573		0.3	%
Walker Edison Furniture Company LLC(10)(11)(14)(27)	First lien senior secured delayed draw term loan	S +	6.75% PIK	3/2027	4,723	4,637		2,447		—	%
Walker Edison Furniture Company LLC(11)(14)(27)	First lien senior secured revolving loan	S +	6.25% PIK	3/2027	11,241	11,255		9,218		0.2	%
						39,382		31,238		0.5	%
Infrastructure and environmental services
Eagle Infrastructure Services, LLC(14)	First lien senior secured loan	S +	7.50%	4/2028	87,536	86,133		87,098		1.5	%
						86,133		87,098		1.5	%
Total controlled/affiliated portfolio company debt investments						$	281,053	$	265,206	4.5	%

Equity Investments
Advertising and media
New PLI Holdings, LLC (dba PLI)(12)(27)(28)	Class A Common Units		N/A	N/A	86,745	48,007		97,915		1.6	%
						48,007		97,915		1.6	%
Asset based lending and fund finance
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(10)(12)(27)(28)(29)	LLC Interest		N/A	N/A	26,763	26,769		26,763		0.4	%
AAM Series 2.1 Aviation Feeder, LLC(10)(12)(27)(28)(29)	LLC Interest		N/A	N/A	10,354	10,398		10,354		0.2	%
Wingspire Capital Holdings LLC(9)(10)(28)	LLC Interest		N/A	N/A	447,530	447,530		526,947		8.8	%
						484,697		564,064		9.4	%
Distribution
PS Op Holdings LLC (fka QC Supply, LLC)(12)(28)	Class A Common Units		N/A	N/A	248,271	4,300		—		—	%
						4,300		—		—	%
Household products
Walker Edison Holdco LLC(12)(27)(28)	Common Units		N/A	N/A	245,906	23,762		—		—	%
						23,762		—		—	%
Infrastructure and environmental services
Eagle Infrastructure Super Holdco LLC(12)(28)	Common Units		N/A	N/A	576,276	24,058		25,099		0.4	%
						24,058		25,099		0.4	%
Insurance
Fifth Season Investments LLC(27)(28)	Class A Units		N/A	N/A	28	252,123		268,700		4.5	%
						252,123		268,700		4.5	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)


Company(1)(4)(8)(30)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)		Fair Value		Percentage of Net Assets
Joint ventures
Blue Owl Capital Corporation Senior Loan Fund LLC(7)(9)(28)(29)	LLC interest		N/A	N/A	397,151	397,151		383,280		6.4	%
						397,151		383,280		6.4	%
Total controlled/affiliated portfolio company equity investments						$	1,234,098	$	1,339,058	22.3	%
Total controlled/affiliated portfolio company investments						$	1,515,151	$	1,604,264	26.8	%
Total Investments						$	13,314,048	$	13,341,982	221.1	%


	Interest Rate Swaps as of June 30, 2024
	Company Receives	Company Pays	Maturity Date	Notional Amount		Fair Value		Upfront Payments/Receipts	Change in Unrealized Appreciation / (Depreciation)		Hedged Instrument	Footnote Reference

Interest rate swap	2.63%	S + 1.769%	1/15/2027	$	500,000	$	(43,495)	—	$	(1,413)	2027 Notes	Note 5
Interest rate swap	5.95%	S + 2.118%	2/15/2029	600,000		(8,143)		—	(8,143)		2029 Notes	Note 5
Total				$	1,100,000				$	(9,556)

_______________

(1)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 28 for additional information on our restricted securities.

(2)The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

(3)As of June 30, 2024, the net estimated unrealized loss for U.S. federal income tax purposes was $60.9 million based on a tax cost basis of $13.4 billion. As of June 30, 2024, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $434.6 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $373.7 million.

(4)Unless otherwise indicated, all investments are considered Level 3 investments.

(5)Level 1 investment.

(6)Level 2 investment.

(7)Investment measured at net asset value (“NAV”).

(8)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility and CLOs. See Note 5 “Debt.”

(9)Investment is not pledged as collateral for the credit facilities.

(10)Position or portion thereof is an unfunded loan or equity commitment. See Note 7 “Commitments and Contingencies.”

(11)Loan was on non-accrual status as of June 30, 2024.

(12)Investment is non-income producing.

(13)The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2024 was 5.34%.

(14)The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2024 was 5.32%.

(15)The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2024 was 5.25%.

(16)The interest rate on these loans is subject to 12 month SOFR, which as of June 30, 2024 was 5.04%.

(17)Investment contains a fixed-rate structure.

(18)Investment represents multiple underlying investments in related entities under common management. These underlying investments are on identical terms and include Midwest Custom Windows, LLC with a fair value of $24.1 million, Greater Toronto Custom Windows, Corp. with a fair value of $10.0 million, Garden State Custom Windows, LLC with a fair value of $33.4 million, Long Island Custom Windows, LLC with a fair value of $28.9 million, Jemico, LLC with a fair value of $23.1 million, Atlanta Custom Windows, LLC with a fair value of $11.5 million and Fairchester Custom Windows with a fair value of $7.6 million as of June 30, 2024. Greater Toronto Custom Windows, Corp. is considered a non-qualifying asset.

(19)The interest rate on this loan is subject to 3 month EURIBOR, which as of June 30, 2024 was 3.71%.

(20)The interest rate on this loan is subject to 6 month EURIBOR, which as of June 30, 2024 was 3.68%.

(21)We invest in this portfolio company through underlying blocker entities Hercules Blocker 1 LLC, Hercules Blocker 2 LLC, Hercules Blocker 3 LLC, Hercules Blocker 4 LLC, and Hercules Blocker 5 LLC.

(22)The interest rate on this loan is subject to SONIA, which as of June 30, 2024 was 5.20%.

(23)The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

(24)The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

(25)As defined in the 1940 Act, the Company is deemed to be an “affiliated person” of this portfolio company as the Company owns more than 5% but less than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies of such

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

portfolio company, including through a management agreement (“non-controlled affiliate”). Transactions related to investments in non-controlled affiliates for the period ended June 30, 2024 were as follows:


($ in thousands)	Fair value as of December 31, 2023		Gross Additions (a)		Gross Reductions(b)		Net Change in Unrealized Gains (Losses)		Fair value as of June 30, 2024		Interest and PIK Income		Dividend Income		Other Income
LSI Financing 1 DAC	$	19,988	$	—	$	(2,011)	$	408	$	18,385	$	—	$	62	$	—
Ideal Image Development, LLC	—		13,986		—		(14)		13,972		240		—		—
Total Non-Controlled Affiliates	$	19,988	$	13,986	$	(2,011)	$	394	$	32,357	$	240	$	62	$	—

________________

(a)Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to payment-in-kind (“PIK”) interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments and the movement at fair value of an existing portfolio company into this controlled affiliated category from a different category.

(b)Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, return of capital, the amortization of premiums and the exchange of one or more existing securities for one or more new securities.

(26)As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company, including through a management agreement (“controlled affiliate”). The Company’s investment in controlled affiliates for the period ended June 30, 2024, were as follows:


($ in thousands)	Fair value as of December 31, 2023		Gross Additions (a)		Gross Reductions(b)		Net Change in Unrealized Gains (Losses)		Fair value as of June 30, 2024		Interest and PIK Income		Dividend Income		Other Income
Controlled Affiliates
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(d)	$	64,839	$	2,783	$	(182)	$	(34)	$	67,406	$	1,307	$	—	$	—
AAM Series 2.1 Aviation Feeder, LLC(d)	78,476		563		(40,675)		(36)		38,328		3,600		—		—
Eagle Infrastructure Super LLC	111,103		76		—		1,018		112,197		5,884		1,620		25
Fifth Season Investments LLC (fka Chapford SMA Partnership, L.P.)	156,794		95,324		—		16,582		268,700		—		9,463		—
OBDC SLF LLC (fka Blue Owl Capital Corporation Senior Loan Fund LLC)(c)	342,786		98,438		(54,250)		(3,694)		383,280		—		29,395		—
PS Operating Company LLC (fka QC Supply, LLC)	15,809		498		—		(7,457)		8,850		—		—		—
Swipe Acquisition Corporation (dba PLI)	160,036		8,189		(890)		(17)		167,318		5,083		2,046		345
Walker Edison Furniture Company, LLC	37,499		4,656		—		(10,917)		31,238		—		—		—
Wingspire Capital Holdings LLC	461,062		64,385		(5,000)		6,500		526,947		—		21,000		—
Total Controlled Affiliates	$	1,428,404	$	274,912	$	(100,997)	$	1,945	$	1,604,264	$	15,874	$	63,524	$	370

________________

(c)For further description of the Company's investment in OBDC SLF, see Note 4 “Investments.”

(d)In connection with its investment in AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, “Amergin Assetco”) the Company made a minority investment in Amergin Asset Management, LLC, which has entered into a Servicing Agreement with Amergin Assetco.

(27)Represents co-investment made with the Company’s affiliates in accordance with the terms of the exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions.”

(28)Securities acquired in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and may be deemed to be “restricted securities” under the Securities Act. As of June 30, 2024, the aggregate fair value of these securities is $2.14 billion or 35.7% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company

Investment

Acquisition Date

AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC**

LLC Interest

7/1/2022

AAM Series 2.1 Aviation Feeder, LLC**

LLC Interest

7/1/2022

Alphasense, LLC

Series E Preferred Shares

6/27/2024

Amergin Asset Management, LLC

Class A Units

7/1/2022

Accelerate topco Holdings, LLC

Common Units

9/1/2022

ASP Conair Holdings LP

Class A Units

5/17/2021

BCTO WIW Holdings, Inc. (dba When I Work)

Class A Common Stock

11/2/2021

BEHP Co-Investor II, L.P.

LP Interest

5/11/2022

Blend Labs, Inc.

Warrants

7/2/2021

Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)

Common Units

10/1/2021

CD&R Value Building Partners I, L.P. (dba Belron)

LP Interest

12/2/2021

Denali Holding, LP (dba Summit Companies)

Class A Units

9/15/2021

Dodge Construction Network Holdings, LP

Class A-2 Common Units

2/23/2022

Dodge Construction Network Holdings, LP

Series A Preferred Units

2/23/2022

Eagle Infrastructure Super LLC**

Common Units

3/31/2023

Elliott Alto Co-Investor Aggregator L.P.

LP Interest

9/27/2022

Evology, LLC

Class B Units

1/24/2022

Evolution Parent, LP (dba SIAA)

LP Interest

4/30/2021

Fifth Season Investments LLC (fka Chapford SMA Partnership, L.P.)**

Class A Units

7/18/2022

Gloves Holdings, LP (dba Protective Industrial Products)

LP Interest

12/29/2020

GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)

LP Interest

12/16/2021

Hercules Buyer, LLC (dba The Vincit Group)

Common Units

12/15/2020

HFS Matterhorn Topco, Inc.

Common Units

11/23/2018

Hissho Sushi Holdings, LLC

Class A units

5/17/2022

Hockey Parent Holdings L.P.

Class A Units

9/14/2023

Ideal Topco, L.P.**

Class A-1 Preferred Units

2/20/2024

Ideal Topco, L.P.**

Class A-2 Common Units

2/20/2024

Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)

LP Interest

6/8/2022

Knockout Intermediate Holdings I Inc. (dba Kaseya)

Perpetual Preferred Stock

6/23/2022

KOBHG Holdings, L.P. (dba OB Hospitalist)

Class A Interests

9/27/2021

KPCI Holdings, L.P.

Class A Units

11/30/2020

KWOL Acquisition Inc. (dba Worldwide Clinical Trials)

Class A Interest

11/30/2023

LSI Financing 1 DAC**

Preferred equity

12/14/2022

Maia Aggregator, LP

Class A-2 Units

2/1/2022

MessageBird Holding B.V.

Extended Series C Warrants

5/5/2021

Metis HoldCo, Inc. (dba Mavis Tire Express Services)

Series A Convertible Preferred Stock

5/4/2021

Minerva Holdco, Inc.

Series A Preferred Stock

2/15/2022

New PLI Holdings, LLC (dba PLI)**

Class A Common Units

12/23/2020

OBDC SLF LLC*

LLC Interest

6/20/2017

Patriot Holdings SCSp (dba Corza Health, Inc.)

Class B Units

1/29/2021

Patriot Holdings SCSp (dba Corza Health, Inc.)

Class A Units

1/29/2021

PCF Holdco, LLC (dba PCF Insurance Services)

Class A Units

11/1/2021

PCF Holdco, LLC (dba PCF Insurance Services)

Series A Preferred Units

2/16/2023

PCF Holdco, LLC (dba PCF Insurance Services)

Class A Unit Warrants

2/16/2023

Picard Holdco, LLC

Series A Preferred Stock

9/30/2022

Project Alpine Co-Invest Fund, LP

LP Interest

6/10/2022

Project Hotel California Co-Invest Fund, L.P.

LP Interest

8/9/2022

PS Op Holdings LLC (fka QC Supply, LLC)**

Class A Common Units

12/21/2021

Rhea Acquisition Holdings, LP

Series A-2 Units

2/18/2022

Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)

Series A Preferred Stock

11/15/2023

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company

Investment

Acquisition Date

Space Exploration Technologies Corp.

Class A Common Stock

3/25/2021

Space Exploration Technologies Corp.

Class C Common Stock

3/25/2021

Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand)

Series A Preferred Stock

10/14/2021

Thunder Topco L.P. (dba Vector Solutions)

Common Units

6/30/2021

VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)

Series A Preferred Stock

10/15/2021

Walker Edison Holdco LLC**

Common Units

3/1/2023

Windows Entities

LLC Units

1/16/2020

Wingspire Capital Holdings LLC**

LLC Interest

9/24/2019

WMC Bidco, Inc. (dba West Monroe)

Senior Preferred Stock

11/9/2021

WP Irving Co-Invest, L.P.

Partnership Units

5/18/2022

XOMA Corporation

Warrants

12/15/2023

Zoro TopCo, L.P.

Series A Preferred Stock

11/22/2022

Zoro TopCo, L.P.

Class A Common Units

11/22/2022

* Refer to Note 4 “Investments – OBDC SLF LLC,” for further information.

** Refer to Note 3 “Agreements and Related Party Transactions – Controlled/Affiliated Portfolio Companies”.

(29)This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of June 30, 2024, non-qualifying assets represented 11.4% of total assets as calculated in accordance with the regulatory requirements.

(30)Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S,” which can include one-, three- or six- month SOFR), Euro Interbank Offered Rate (“EURIBOR”), SONIA (“SONIA” or “SA”) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

The accompanying notes are an integral part of these consolidated financial statements.

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(2)(3)		Fair Value		Percentage of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments
Advertising and media
Circana Group, L.P. (fka The NPD Group, L.P.)(13)(25)	First lien senior secured loan	S +	6.25% (2.75% PIK)	12/2028	$	19,141	$	18,813	$	18,949	0.3	%
Circana Group, L.P. (fka The NPD Group, L.P.)(10)(13)(25)	First lien senior secured revolving loan	S +	5.75%	12/2027	272		250		257		—	%
Global Music Rights, LLC(14)(25)	First lien senior secured loan	S +	5.75%	8/2028	7,350		7,242		7,350		0.1	%
Global Music Rights, LLC(10)(21)(25)	First lien senior secured revolving loan	S +	5.75%	8/2027	—		(8)		—		—	%
							26,297		26,556		0.4	%
Aerospace and defense
Aviation Solutions Midco, LLC (dba STS Aviation)(14)(25)	First lien senior secured loan	S +	7.25%	1/2025	210,713		209,873		213,873		3.6	%
Peraton Corp.(6)(14)(25)	Second lien senior secured loan	S +	7.75%	2/2029	45,899		45,396		45,554		0.8	%
Valence Surface Technologies LLC(14)(25)	First lien senior secured loan	S +	7.75%	6/2025	136,788		136,262		120,375		2.0	%
Valence Surface Technologies LLC(10)(14)(25)	First lien senior secured revolving loan	S +	7.75%	6/2025	11,106		11,068		9,767		0.2	%
							402,599		389,569		6.6	%
Asset based lending and fund finance
Hg Genesis 8 Sumoco Limited(20)(25)(27)	Unsecured facility	SA +	6.00% PIK	8/2025	£41,591		54,412		53,019		0.9	%
Hg Genesis 9 SumoCo Limited(18)(25)(27)	Unsecured facility	E +	6.00%PIK	3/2027	£48,628		53,223		53,717		0.9	%
Hg Saturn Luchaco Limited(20)(25)(27)	Unsecured facility	SA +	7.50% PIK	3/2026	£111,764		150,574		142,477		2.4	%
							258,209		249,213		4.2	%
Automotive
Spotless Brands, LLC(14)(25)	First lien senior secured loan	S +	6.50%	7/2028	48,120		47,341		47,759		0.8	%
Spotless Brands, LLC(10)(13)(25)	First lien senior secured revolving loan	S +	6.50%	7/2028	282		262		272		—	%
							47,603		48,031		0.8	%
Buildings and real estate
Associations, Inc.(14)(25)	First lien senior secured loan	S +	6.50% (2.50% PIK)	7/2027	365,892		363,758		364,063		6.0	%
Associations, Inc.(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	6.50% (2.50% PIK)	6/2024	49,653		49,311		49,403		0.8	%
Associations, Inc.(10)(14)(25)	First lien senior secured revolving loan	S +	6.50%	7/2027	11,633		11,441		11,468		0.2	%
REALPAGE, INC.(6)(13)(25)	Second lien senior secured loan	S +	6.50%	4/2029	34,501		34,119		34,414		0.6	%
							458,629		459,348		7.6	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Business services
Access CIG, LLC(14)(25)	Second lien senior secured loan	S +	7.75%	2/2026	58,760	58,523	58,760	1.0	%
CIBT Global, Inc.(11)(14)(25)	First lien senior secured loan	S +	5.25%	5/2026	942	588	631	—	%
CIBT Global, Inc.(11)(14)(25)	Second lien senior secured loan	S +	7.75% PIK	12/2026	63,678	26,716	8,437	0.1	%
Denali BuyerCo, LLC (dba Summit Companies)(14)(25)	First lien senior secured loan	S +	5.50%	9/2028	52,750	52,193	52,617	0.9	%
Denali BuyerCo, LLC (dba Summit Companies)(10)(21)(25)	First lien senior secured revolving loan	S +	5.50%	9/2027	—	(19)	(7)	—	%
Diamondback Acquisition, Inc. (dba Sphera)(13)(25)	First lien senior secured loan	S +	5.50%	9/2028	4,067	4,007	4,006	0.1	%
Entertainment Benefits Group, LLC(13)(25)	First lien senior secured loan	S +	5.25%	9/2025	854	849	854	—	%
Entertainment Benefits Group, LLC(10)(13)(25)	First lien senior secured revolving loan	S +	5.25%	9/2025	53	52	53	—	%
Fullsteam Operations, LLC(14)(25)	First lien senior secured loan	S +	8.25%	11/2029	8,938	8,672	8,669	0.1	%
Fullsteam Operations, LLC(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	8.25%	5/2025	851	797	796	—	%
Fullsteam Operations, LLC(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	8.25%	11/2025	—	(18)	(19)	—	%
Fullsteam Operations, LLC(10)(21)(25)	First lien senior secured revolving loan	S +	8.25%	11/2029	—	(15)	(15)	—	%
Gainsight, Inc.(14)(25)	First lien senior secured loan	S +	6.75% PIK	7/2027	23,841	23,618	23,602	0.4	%
Gainsight, Inc.(10)(14)(25)	First lien senior secured revolving loan	S +	6.75% PIK	7/2027	1,711	1,676	1,677	—	%
Hercules Borrower, LLC (dba The Vincit Group)(14)(25)	First lien senior secured loan	S +	6.25%	12/2026	175,092	173,628	174,654	2.9	%
Hercules Borrower, LLC (dba The Vincit Group)(10)(21)(25)	First lien senior secured revolving loan	S +	6.25%	12/2026	—	(155)	(52)	—	%
Hercules Buyer, LLC (dba The Vincit Group)(25)(29)(30)	Unsecured notes		0.48% PIK	12/2029	5,184	5,184	5,800	0.1	%
Kaseya Inc.(14)(25)	First lien senior secured loan	S +	6.25% (2.50% PIK)	6/2029	18,892	18,580	18,845	0.3	%
Kaseya Inc.(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	6.25% (2.50% PIK)	6/2024	70	60	70	—	%
Kaseya Inc.(10)(13)(25)	First lien senior secured revolving loan	S +	5.50%	6/2029	286	268	283	—	%
KPSKY Acquisition, Inc. (dba BluSky)(14)(25)	First lien senior secured loan	S +	5.25%	10/2028	4,889	4,817	4,840	0.1	%
KPSKY Acquisition, Inc. (dba BluSky)(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	5.25%	11/2025	4	1	3	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Ping Identity Holding Corp.(13)(25)	First lien senior secured loan	S +	7.00%	10/2029	909	897	905	—	%
Ping Identity Holding Corp.(10)(21)(25)	First lien senior secured revolving loan	S +	7.00%	10/2028	—	(1)	—	—	%
						380,918	365,409	6.0	%
Chemicals
Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(13)(25)	Second lien senior secured loan	S +	7.75%	11/2028	10,000	9,896	9,350	0.2	%
Gaylord Chemical Company, L.L.C.(14)(25)	First lien senior secured loan	S +	6.00%	3/2027	136,367	135,542	135,686	2.3	%
Gaylord Chemical Company, L.L.C.(10)(21)(25)	First lien senior secured revolving loan	S +	6.00%	3/2026	—	(59)	(66)	—	%
Velocity HoldCo III Inc. (dba VelocityEHS)(14)(25)	First lien senior secured loan	S +	5.75%	4/2027	21,769	21,468	21,769	0.4	%
Velocity HoldCo III Inc. (dba VelocityEHS)(10)(14)(25)	First lien senior secured revolving loan	S +	5.75%	4/2026	167	154	167	—	%
						167,001	166,906	2.9	%
Consumer products
Conair Holdings LLC(13)(25)	Second lien senior secured loan	S +	7.50%	5/2029	187,500	186,441	181,406	3.0	%
Feradyne Outdoors, LLC(14)(25)	First lien senior secured loan	S +	6.25%	5/2026	73,622	73,622	67,548	1.1	%
Foundation Consumer Brands, LLC(14)(25)	First lien senior secured loan	S +	6.25%	2/2027	3,197	3,197	3,197	0.1	%
Lignetics Investment Corp.(14)(25)	First lien senior secured loan	S +	6.00%	11/2027	34,637	34,337	34,378	0.6	%
Lignetics Investment Corp.(10)(14)(25)	First lien senior secured revolving loan	S +	6.00%	10/2026	3,922	3,888	3,886	0.1	%
SWK BUYER, Inc. (dba Stonewall Kitchen)(14)(25)	First lien senior secured loan	S +	5.25%	3/2029	743	731	715	—	%
SWK BUYER, Inc. (dba Stonewall Kitchen)(10)(21)(25)	First lien senior secured revolving loan	S +	5.25%	3/2029	—	(1)	(3)	—	%
WU Holdco, Inc. (dba Weiman Products, LLC)(14)(25)	First lien senior secured loan	S +	5.50%	3/2026	200,779	199,077	196,261	3.3	%
WU Holdco, Inc. (dba Weiman Products, LLC)(10)(14)(25)	First lien senior secured revolving loan	S +	5.50%	3/2025	10,371	10,282	9,939	0.2	%
						511,574	497,327	8.4	%
Containers and packaging
Arctic Holdco, LLC (dba Novvia Group)(14)(25)	First lien senior secured loan	S +	6.00%	12/2026	10,474	10,269	10,264	0.2	%
Arctic Holdco, LLC (dba Novvia Group)(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	6.00%	12/2024	—	(146)	(150)	—	%
Ascend Buyer, LLC (dba PPC Flexible Packaging)(14)(25)	First lien senior secured loan	S +	6.40%	10/2028	5,442	5,402	5,429	0.1	%
Ascend Buyer, LLC (dba PPC Flexible Packaging)(10)(13)(25)	First lien senior secured revolving loan	S +	6.40%	9/2027	188	185	187	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Fortis Solutions Group, LLC(14)(25)	First lien senior secured loan	S +	5.50%	10/2028	4,582	4,514	4,479	0.1	%
Fortis Solutions Group, LLC(10)(14)(25)	First lien senior secured revolving loan	S +	5.50%	10/2027	23	17	13	—	%
Indigo Buyer, Inc. (dba Inovar Packaging Group)(14)(25)	First lien senior secured loan	S +	6.25%	5/2028	888	880	886	—	%
Indigo Buyer, Inc. (dba Inovar Packaging Group)(10)(14)(25)	First lien senior secured revolving loan	S +	6.25%	5/2028	40	39	40	—	%
Pregis Topco LLC(13)(25)	Second lien senior secured loan	S +	6.91%	8/2029	160,000	157,962	160,000	2.7	%
						179,122	181,148	3.1	%
Distribution
ABB/Con-cise Optical Group LLC(14)(25)	First lien senior secured loan	S +	7.50%	2/2028	63,778	63,055	61,387	1.0	%
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(14)(25)	First lien senior secured loan	S +	6.00%	10/2029	141,972	140,583	140,481	2.3	%
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	6.00%	10/2025	3,833	3,720	3,787	0.1	%
BradyIFS Holdings, LLC (fka Individual Foodservice Holdings, LLC)(10)(21)(25)	First lien senior secured revolving loan	S +	6.00%	10/2029	—	(117)	(126)	—	%
Endries Acquisition, Inc.(14)(25)	First lien senior secured loan	S +	5.25%	12/2028	81,889	81,278	81,275	1.3	%
Endries Acquisition, Inc.(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	5.25%	6/2024	—	(152)	(153)	—	%
Endries Acquisition, Inc.(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	5.25%	12/2025	—	(58)	(59)	—	%
Offen, Inc.(13)(25)	First lien senior secured loan	S +	5.00%	6/2026	18,641	18,569	18,641	0.3	%
						306,878	305,233	5.0	%
Education
Pluralsight, LLC(14)(25)	First lien senior secured loan	S +	8.00%	4/2027	99,450	98,803	96,218	1.6	%
Pluralsight, LLC(10)(14)(25)	First lien senior secured revolving loan	S +	8.00%	4/2027	4,845	4,811	4,642	0.1	%
						103,614	100,860	1.7	%
Financial services
Blackhawk Network Holdings, Inc.(13)(25)	Second lien senior secured loan	S +	7.00%	6/2026	106,400	106,016	106,400	1.8	%
Blend Labs, Inc.(13)(25)	First lien senior secured loan	S +	7.50%	6/2026	42,000	41,426	40,950	0.7	%
Finastra USA, Inc.(15)(25)(27)	First lien senior secured loan	S +	7.25%	9/2029	89,247	88,488	88,354	1.5	%
Finastra USA, Inc.(10)(13)(25)(27)	First lien senior secured revolving loan	S +	7.25%	9/2029	2,450	2,358	2,358	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
KRIV Acquisition Inc. (dba Riveron)(14)(25)	First lien senior secured loan	S +	6.25%	7/2029	6,333	6,154	6,159	0.1	%
KRIV Acquisition Inc. (dba Riveron)(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	6.25%	7/2025	—	(13)	(12)	—	%
KRIV Acquisition Inc. (dba Riveron)(10)(21)(25)	First lien senior secured revolving loan	S +	6.25%	7/2029	—	(23)	(23)	—	%
NMI Acquisitionco, Inc. (dba Network Merchants)(13)(25)	First lien senior secured loan	S +	5.75%	9/2025	36,383	36,167	36,202	0.6	%
NMI Acquisitionco, Inc. (dba Network Merchants)(10)(21)(25)	First lien senior secured revolving loan	S +	5.75%	9/2025	—	(8)	(8)	—	%
Smarsh Inc.(14)(25)	First lien senior secured loan	S +	5.75%	2/2029	762	756	760	—	%
Smarsh Inc.(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	5.75%	2/2024	95	94	95	—	%
Smarsh Inc.(10)(25)	First lien senior secured revolving loan	S +	5.75%	2/2029	—	—	—	—	%
						281,415	281,235	4.7	%
Food and beverage
Balrog Acquisition, Inc. (dba Bakemark)(13)(25)	Second lien senior secured loan	S +	7.00%	9/2029	22,000	21,855	21,725	0.4	%
Blast Bidco Inc. (dba Bazooka Candy Brands)(14)(25)	First lien senior secured loan	S +	6.00%	10/2030	29,552	28,830	28,813	0.5	%
Blast Bidco Inc. (dba Bazooka Candy Brands)(10)(21)(25)	First lien senior secured revolving loan	S +	6.00%	10/2029	—	(83)	(86)	—	%
BP Veraison Buyer, LLC (dba Sun World)(14)(25)	First lien senior secured loan	S +	5.50%	5/2027	67,986	67,463	67,986	1.1	%
BP Veraison Buyer, LLC (dba Sun World)(10)(21)(25)	First lien senior secured revolving loan	S +	5.50%	5/2027	—	(61)	—	—	%
H-Food Holdings, LLC(14)(25)	Second lien senior secured loan	S +	7.00%	3/2026	121,800	120,730	79,779	1.3	%
Hissho Sushi Merger Sub, LLC(14)(25)	First lien senior secured loan	S +	5.50%	5/2028	892	885	892	—	%
Hissho Sushi Merger Sub, LLC(10)(21)(25)	First lien senior secured revolving loan	S +	5.50%	5/2028	—	(1)	—	—	%
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(13)(25)	First lien senior secured loan	S +	6.25%	3/2027	125,000	123,403	123,439	2.1	%
Nellson Nutraceutical, LLC(14)(25)	First lien senior secured loan	S +	5.75%	12/2025	25,786	25,731	25,334	0.4	%
The Better Being Co., LLC (fka Nutraceutical International Corporation)(13)(25)	First lien senior secured loan	S +	7.50%	9/2026	194,819	193,385	175,337	2.9	%
The Better Being Co., LLC (fka Nutraceutical International Corporation)(10)(13)(25)	First lien senior secured revolving loan	S +	7.50%	9/2026	8,795	8,724	7,372	0.1	%
Ole Smoky Distillery, LLC(13)(25)	First lien senior secured loan	S +	5.50%	3/2028	868	855	855	—	%
Ole Smoky Distillery, LLC(10)(21)(25)	First lien senior secured revolving loan	S +	5.50%	3/2028	—	(2)	(2)	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Recipe Acquisition Corp. (dba Roland Corporation)(14)	Second lien senior secured loan	S +	9.00%	11/2024	32,000	31,993	32,000	0.5	%
Rushmore Investment III LLC (dba Winland Foods)(13)(25)	First lien senior secured loan	S +	6.00%	10/2030	149,328	146,982	146,939	2.4	%
Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(14)(25)	First lien senior secured loan	S +	4.50%	7/2025	43,069	42,846	41,454	0.7	%
Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(10)(14)(25)	First lien senior secured revolving loan	S +	4.50%	7/2025	3,120	3,120	2,783	—	%
Shearer's Foods, LLC(13)(25)	Second lien senior secured loan	S +	7.75%	9/2028	86,400	85,829	86,400	1.4	%
Tall Tree Foods, Inc.(11)(14)	First lien senior secured loan	S +	9.25% PIK	3/2024	67,657	59,541	55,816	0.9	%
Tall Tree Foods, Inc.(10)(11)(14)	First lien senior secured delayed draw term loan	S +	9.25% PIK	3/2024	4,951	3,017	4,084	0.1	%
Ultimate Baked Goods Midco, LLC(13)(25)	First lien senior secured loan	S +	6.25%	8/2027	80,413	79,049	80,413	1.3	%
Ultimate Baked Goods Midco, LLC(10)(21)(25)	First lien senior secured revolving loan	S +	6.25%	8/2027	—	(150)	—	—	%
						1,043,941	981,333	16.1	%
Healthcare equipment and services
Allied Benefit Systems Intermediate LLC(14)(25)	First lien senior secured loan	S +	5.25%	10/2030	845	833	833	—	%
Allied Benefit Systems Intermediate LLC(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	5.25%	10/2025	—	(1)	(1)	—	%
Bamboo US BidCo LLC(14)(25)	First lien senior secured loan	S +	6.00%	9/2030	4,923	4,779	4,775	0.1	%
Bamboo US BidCo LLC(18)(25)	First lien senior secured EUR term loan	E +	6.00%	9/2030	€ 3,063	3,148	3,282	0.1	%
Bamboo US BidCo LLC(10)(13)(22)(25)	First lien senior secured delayed draw term loan	S +	6.00%	3/2025	53	41	40	—	%
Bamboo US BidCo LLC(10)(21)(25)	First lien senior secured revolving loan	S +	6.00%	10/2029	—	(29)	(31)	—	%
Confluent Medical Technologies, Inc.(14)(25)	Second lien senior secured loan	S +	6.50%	2/2030	1,000	984	993	—	%
CSC MKG Topco LLC (dba Medical Knowledge Group)(13)(25)	First lien senior secured loan	S +	5.75%	2/2029	1,262	1,242	1,243	—	%
Medline Borrower, LP(10)(21)(25)	First lien senior secured revolving loan	S +	3.00%	10/2026	—	(91)	(72)	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Nelipak Holding Company(14)(25)	First lien senior secured loan	S +	4.25%	7/2026	2,262	2,243	2,262	—	%
Nelipak Holding Company(14)(25)	Second lien USD senior secured loan	S +	8.25%	7/2027	67,006	66,464	67,006	1.1	%
Nelipak Holding Company(10)(13)(25)	First lien senior secured USD revolving loan	S +	4.25%	7/2026	2,010	1,995	2,010	—	%
Nelipak Holding Company(10)(17)(25)	First lien senior secured EUR revolving loan	E +	4.50%	7/2026	€ 1,474	1,471	1,628	—	%
Nelipak Holding Company(18)(25)	Second lien EUR senior secured loan	E +	8.50%	7/2027	€ 60,100	66,718	66,224	1.1	%
Packaging Coordinators Midco, Inc.(13)(25)	Second lien senior secured loan	S +	7.00%	12/2029	196,044	193,136	195,553	3.2	%
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(13)(25)(27)	First lien senior secured loan	S +	6.75%	1/2028	133,996	132,569	133,661	2.2	%
Patriot Acquisition TopCo S.A.R.L (dba Corza Health, Inc.)(10)(14)(25)(27)	First lien senior secured revolving loan	S +	6.75%	1/2026	2,901	2,784	2,867	—	%
PerkinElmer U.S. LLC(13)(25)	First lien senior secured loan	S +	6.75%	3/2029	909	893	909	—	%
PerkinElmer U.S. LLC(13)(25)	First lien senior secured loan	S +	5.75%	3/2029	14,624	14,477	14,477	0.2	%
Rhea Parent, Inc.(14)(25)	First lien senior secured loan	S +	5.50%	2/2029	762	750	758	—	%
						494,406	498,417	8.0	%
Healthcare providers and services
Covetrus, Inc.(14)(25)	Second lien senior secured loan	S +	9.25%	10/2030	5,000	4,907	4,988	0.1	%
Diagnostic Services Holdings, Inc. (dba Rayus Radiology)(13)(25)	First lien senior secured loan	S +	5.50%	3/2025	995	995	992	—	%
Engage Debtco Limited(14)(25)(27)	First lien senior secured loan	S +	5.75% (2.25% PIK)	7/2029	1,007	986	988	—	%
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(15)(25)	First lien senior secured loan	S +	6.25%	12/2029	61,659	60,447	60,438	1.0	%
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(10)(15)(25)	First lien senior secured revolving loan	S +	6.25%	12/2029	2,512	2,347	2,346	—	%
National Dentex Labs LLC (fka Barracuda Dental LLC)(14)(25)	First lien senior secured loan	S +	8.00% (3.00% PIK)	4/2026	108,201	107,517	106,307	1.8	%
National Dentex Labs LLC (fka Barracuda Dental LLC)(10)(13)(25)	First lien senior secured revolving loan	S +	7.00%	4/2026	7,024	6,935	6,860	0.1	%
Natural Partners, LLC(14)(25)(27)	First lien senior secured loan	S +	4.50%	11/2027	915	902	910	—	%
Natural Partners, LLC(10)(21)(25)(27)	First lien senior secured revolving loan	S +	4.50%	11/2027	—	(1)	—	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
OB Hospitalist Group, Inc.(14)(25)	First lien senior secured loan	S +	5.50%	9/2027	93,829	92,552	92,656	1.5	%
OB Hospitalist Group, Inc.(10)(13)(25)	First lien senior secured revolving loan	S +	5.50%	9/2027	5,857	5,669	5,668	0.1	%
Ex Vivo Parent Inc. (dba OB Hospitalist)(13)(25)	First lien senior secured loan	S +	9.75% PIK	9/2028	68,623	67,739	67,251	1.1	%
Pacific BidCo Inc.(15)(25)(27)	First lien senior secured loan	S +	5.75% (3.20% PIK)	8/2029	31,463	30,805	31,149	0.5	%
Pacific BidCo Inc.(10)(21)(22)(25)(27)	First lien senior secured delayed draw term loan	S +	5.75%	8/2025	—	(34)	—	—	%
PetVet Care Centers, LLC(13)(25)	First lien senior secured loan	S +	6.00%	11/2030	108,208	107,140	107,072	1.8	%
PetVet Care Centers, LLC(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	6.00%	11/2025	—	(69)	(7)	—	%
PetVet Care Centers, LLC(10)(21)(25)	First lien senior secured revolving loan	S +	6.00%	11/2029	—	(158)	(156)	—	%
Phoenix Newco, Inc. (dba Parexel)(13)(25)	Second lien senior secured loan	S +	6.50%	11/2029	190,000	188,478	190,000	3.2	%
Plasma Buyer LLC (dba PathGroup)(14)(25)	First lien senior secured loan	S +	5.75%	5/2029	672	661	659	—	%
Plasma Buyer LLC (dba PathGroup)(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	5.75%	5/2024	—	(1)	(2)	—	%
Plasma Buyer LLC (dba PathGroup)(10)(14)(25)	First lien senior secured revolving loan	S +	5.75%	5/2028	25	24	24	—	%
PPV Intermediate Holdings, LLC(14)(25)	First lien senior secured loan	S +	5.75%	8/2029	933	917	921	—	%
PPV Intermediate Holdings, LLC(10)(22)(25)	First lien senior secured delayed draw term loan	S +	6.00%	9/2025	—	—	—	—	%
PPV Intermediate Holdings, LLC(10)(21)(25)	First lien senior secured revolving loan	S +	5.75%	8/2029	—	(1)	(1)	—	%
Premier Imaging, LLC (dba LucidHealth)(14)(25)	First lien senior secured loan	S +	6.00%	1/2025	42,600	42,429	41,322	0.7	%
Quva Pharma, Inc.(13)(25)	First lien senior secured loan	S +	5.50%	4/2028	39,100	38,304	38,807	0.6	%
Quva Pharma, Inc.(10)(21)(25)	First lien senior secured revolving loan	S +	5.50%	4/2026	—	(55)	(30)	—	%
Tivity Health, Inc.(14)(25)	First lien senior secured loan	S +	6.00%	6/2029	988	967	980	—	%
Unified Women's Healthcare, LP(13)(25)	First lien senior secured loan	S +	5.50%	6/2029	10,902	10,823	10,902	0.2	%
Unified Women's Healthcare, LP(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	5.50%	10/2025	—	(55)	—	—	%
Unified Women's Healthcare, LP(10)(21)(25)	First lien senior secured revolving loan	S +	5.50%	6/2029	—	(1)	—	—	%
Vermont Aus Pty Ltd(14)(25)(27)	First lien senior secured loan	S +	5.50%	3/2028	983	964	973	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
XRL 1 LLC (dba XOMA)(25)(30)	First lien senior secured loan		9.88%	12/2038	32,500	31,812	31,769	0.5	%
XRL 1 LLC (dba XOMA)(10)(21)(22)(25)(30)	First lien senior secured delayed draw term loan		9.88%	12/2025	—	(37)	(56)	—	%
						803,908	803,730	13.2	%
Healthcare technology
BCPE Osprey Buyer, Inc. (dba PartsSource)(14)(25)	First lien senior secured loan	S +	5.75%	8/2028	117,584	116,205	116,114	1.9	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	5.75%	10/2025	—	(244)	(64)	—	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(10)(13)(25)	First lien senior secured revolving loan	S +	5.75%	8/2026	3,688	3,580	3,540	0.1	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(14)(25)	First lien senior secured loan	S +	5.75%	10/2028	4,539	4,471	4,471	0.1	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(10)(14)(25)	First lien senior secured revolving loan	S +	5.75%	10/2027	221	216	216	—	%
Imprivata, Inc.(14)(25)	Second lien senior secured loan	S +	6.25%	12/2028	882	874	882	—	%
Indikami Bidco, LLC (dba IntegriChain)(13)(25)	First lien senior secured loan	S +	6.00%	12/2030	12,677	12,392	12,391	0.2	%
Indikami Bidco, LLC (dba IntegriChain)(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	6.00%	12/2025	—	(18)	(14)	—	%
Indikami Bidco, LLC (dba IntegriChain)(10)(21)(25)	First lien senior secured revolving loan	S +	6.00%	6/2030	—	(35)	(36)	—	%
Ocala Bidco, Inc.(13)(25)	First lien senior secured loan	S +	6.25% (2.75% PIK)	11/2028	188,359	185,022	186,005	3.1	%
Ocala Bidco, Inc.(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	5.75%	5/2024	—	(166)	—	—	%
Ocala Bidco, Inc.(13)(25)	Second lien senior secured loan	S +	10.50% PIK	11/2033	113,351	111,794	112,217	1.9	%
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(14)(25)(27)	First lien senior secured loan	S +	6.50%	8/2026	116,603	115,847	113,397	1.9	%
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(14)(25)(27)	First lien senior secured revolving loan	S +	6.50%	8/2026	8,135	8,070	7,911	0.1	%
Interoperability Bidco, Inc. (dba Lyniate)(14)(25)	First lien senior secured loan	S +	7.00%	12/2026	65,785	65,502	64,799	1.1	%
Interoperability Bidco, Inc. (dba Lyniate)(10)(14)(25)	First lien senior secured revolving loan	S +	7.00%	12/2024	2,212	2,187	2,133	—	%
						625,697	623,962	10.4	%
Household products
Aptive Environmental, LLC(25)(30)	First lien senior secured loan		12.00% (6.00% PIK)	1/2026	12,987	11,578	13,311	0.2	%
HGH Purchaser, Inc. (dba Horizon Services)(14)(25)	First lien senior secured loan	S +	6.50%	11/2025	187,693	186,635	185,815	3.1	%
HGH Purchaser, Inc. (dba Horizon Services)(10)(14)(25)	First lien senior secured revolving loan	S +	6.50%	11/2025	16,383	16,304	16,217	0.3	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Mario Purchaser, LLC (dba Len the Plumber)(13)(25)	First lien senior secured loan	S +	5.75%	4/2029	12,911	12,700	12,846	0.2	%
Mario Purchaser, LLC (dba Len the Plumber)(10)(13)(22)(25)	First lien senior secured delayed draw term loan	S +	5.75%	4/2024	3,143	3,064	3,127	0.1	%
Mario Purchaser, LLC (dba Len the Plumber)(10)(13)(25)	First lien senior secured revolving loan	S +	5.75%	4/2028	414	394	407	—	%
Mario Midco Holdings, Inc. (dba Len the Plumber)(13)(25)	Unsecured facility	S +	10.75% PIK	4/2032	4,786	4,684	4,750	0.1	%
SimpliSafe Holding Corporation(13)(25)	First lien senior secured loan	S +	6.25%	5/2028	6,080	5,986	6,019	0.1	%
SimpliSafe Holding Corporation(10)(13)(22)(25)	First lien senior secured delayed draw term loan	S +	6.25%	5/2024	205	197	203	—	%
						241,542	242,695	4.1	%
Human resource support services
Cornerstone OnDemand, Inc.(13)(25)	Second lien senior secured loan	S +	6.50%	10/2029	115,833	114,458	108,883	1.8	%
IG Investments Holdings, LLC (dba Insight Global)(14)(25)	First lien senior secured loan	S +	6.00%	9/2028	49,878	49,142	49,504	0.8	%
IG Investments Holdings, LLC (dba Insight Global)(10)(21)(25)	First lien senior secured revolving loan	S +	6.00%	9/2027	—	(49)	(30)	—	%
						163,551	158,357	2.6	%
Infrastructure and environmental services
GI Apple Midco LLC (dba Atlas Technical Consultants)(13)(25)	First lien senior secured loan	S +	6.75%	4/2030	726	713	716	—	%
GI Apple Midco LLC (dba Atlas Technical Consultants)(10)(13)(22)(25)	First lien senior secured delayed draw term loan	S +	6.75%	4/2025	17	16	17	—	%
GI Apple Midco LLC (dba Atlas Technical Consultants)(10)(13)(25)	First lien senior secured revolving loan	S +	6.75%	4/2029	62	60	60	—	%
LineStar Integrity Services LLC(15)(25)	First lien senior secured loan	S +	7.25%	2/2026	51,732	51,922	49,016	0.8	%
LineStar Integrity Services LLC(14)(25)	First lien senior secured revolving loan	S +	7.25%	2/2026	9,903	9,736	9,383	0.2	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(14)(25)	First lien senior secured loan	S +	5.75%	3/2028	866	854	856	—	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	5.75%	10/2025	32	30	31	—	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(10)(21)(25)	First lien senior secured revolving loan	S +	5.75%	3/2028	—	(2)	(2)	—	%
						63,329	60,077	1.0	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Insurance
Alera Group, Inc.(13)(25)	First lien senior secured loan	S +	6.00%	10/2028	34,461	33,891	34,461	0.6	%
AmeriLife Holdings LLC(13)(25)	First lien senior secured loan	S +	5.75%	8/2029	720	708	716	—	%
AmeriLife Holdings LLC(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	5.75%	9/2024	150	147	149	—	%
AmeriLife Holdings LLC(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	5.75%	10/2025	—	(1)	—	—	%
AmeriLife Holdings LLC(10)(21)(25)	First lien senior secured revolving loan	S +	5.75%	8/2028	—	(1)	—	—	%
Ardonagh Midco 3 PLC(15)(25)(27)	First lien senior secured USD term loan	S +	6.00%	7/2026	26,784	26,482	26,784	0.4	%
Ardonagh Midco 3 PLC(19)(25)(27)	First lien senior secured EUR term loan	E +	7.25%	7/2026	€ 9,135	10,102	10,090	0.2	%
Ardonagh Midco 3 PLC(20)(25)(27)	First lien senior secured GBP term loan	SA +	7.25%	7/2026	£86,659	107,692	110,472	1.8	%
Ardonagh Midco 3 PLC(19)(25)(27)	First lien senior secured EUR delayed draw term loan	E +	6.00%	7/2026	€ 8,149	11,038	10,389	0.2	%
Ardonagh Midco 2 PLC(6)(25)(27)(30)	Unsecured notes		11.50%	1/2027	11,912	11,860	11,793	0.2	%
Brightway Holdings, LLC(15)(25)	First lien senior secured loan	S +	6.50%	12/2027	26,372	26,135	25,845	0.4	%
Brightway Holdings, LLC(10)(14)(25)	First lien senior secured revolving loan	S +	6.50%	12/2027	1,421	1,395	1,358	—	%
Evolution BuyerCo, Inc. (dba SIAA)(14)(25)	First lien senior secured loan	S +	6.25%	4/2028	140,280	138,911	139,228	2.3	%
Evolution BuyerCo, Inc. (dba SIAA)(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	6.25%	12/2025	—	(119)	—	—	%
Evolution BuyerCo, Inc. (dba SIAA)(10)(21)(25)	First lien senior secured revolving loan	S +	6.25%	4/2027	—	(85)	(80)	—	%
Integrity Marketing Acquisition, LLC(14)(25)	First lien senior secured loan	S +	5.83%	8/2025	157,494	157,095	157,494	2.6	%
Integrity Marketing Acquisition, LLC(10)(14)(22)(25)	First lien senior secured delayed draw term loan	S +	6.00%	2/2025	4,087	3,809	4,087	0.1	%
Integrity Marketing Acquisition, LLC(10)(21)(25)	First lien senior secured revolving loan	S +	6.50%	8/2026	—	(57)	—	—	%
Norvax, LLC (dba GoHealth)(14)(25)	First lien senior secured loan	S +	7.50%	9/2025	74,319	73,233	73,390	1.2	%
Norvax, LLC (dba GoHealth)(10)(21)(25)	First lien senior secured revolving loan	S +	6.50%	9/2024	—	(26)	(153)	—	%

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)


Company(1)(4)(8)(31)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(2)(3)	Fair Value	Percentage of Net Assets
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(13)(25)	First lien senior secured loan	S +	6.00%	11/2028	109,740	108,925	109,466	1.8	%
Peter C. Foy & Associates Insurance Services, LLC (dba PCF Insurance Services)(10)(21)(25)	First lien senior secured revolving loan	S +	6.00%	11/2027	—	(39)	(15)	—	%
PCF Midco II, LLC (dba PCF Insurance Services)(25)(30)	First lien senior secured loan		9.00% PIK	10/2031	144,229	134,527	134,133	2.2	%
Summit Acquisition Inc. (dba K2 Insurance Services)(14)(25)	First lien senior secured loan	S +	6.75%	5/2030	732	711	715	—	%
Summit Acquisition Inc. (dba K2 Insurance Services)(10)(21)(22)(25)	First lien senior secured delayed draw term loan	S +	6.75%	11/2024	—	(2)	(1)	—	%
Summit Acquisition Inc. (dba K2 Insurance Services)(10)(21)(25)	First lien senior secured revolving loan	S +	6.75%	5/2029	—	(2)	(2)	—	%
Tempo Buyer Corp. (dba Global Claims Services)(14)(25)	First lien senior secured loan	S +	5.50%	8/2028	1,067	1,051	1,059	—	%
Tempo Buyer Corp. (dba Global Claims Services)(10)(16)(25)	First lien senior secured revolving loan	P +	4.00%	8/2027	49	47	48	—	%
THG Acquisition, LLC (dba Hilb)(13)(25)	First lien senior secured loan	S +	5.75%	12/2026	73,974	73,095	73,605	1.2	%
THG Acquisition, LLC (dba Hilb)(10)(13)(25)	First lien senior secured revolving loan	S +	5.75%	12/2025	1,913	1,839	1,870	—	%
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(15)(25)	First lien senior secured loan	S +	5.75%	7/2027	38,403	37,900	38,115	0.6	%
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(10)(21)(25)	First lien senior secured revolving loan	S +	5.75%	7/2027	—	(50)	(32)	—	%
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(14)(25)	First lien senior secured loan	S +	10.50% PIK	7/2030	35,462	35,086	35,374	0.6	%
						995,297	1,000,358	16.4	%
Internet software and services
3ES Innovation Inc. (dba Aucerna)(14)(25)(27)	First lien senior secured loan	S +	6.75%	5/2025	60,011	59,776	60,011	1.0	%
3ES Innovation Inc. (dba Aucerna)(10)(13)(25)(27)	First lien senior secured revolving loan	S +	6.75%	5/2025	2,550	2,539	2,550	—	%
Anaplan, Inc.(14)(25)	First lien senior secured loan	S +	6.50%	6/2029	135,082