obdc-20260630

Table of Contents

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, 2026


☐			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

☐

Smaller 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 July 31, 2026, the registrant had 493,142,569 shares of common stock, $0.01 par value per share, outstanding.

Table of Contents


		Page
PART I	FINANCIAL INFORMATION
Item 1.	Financial Statements	3
	Consolidated Statements of Assets and Liabilities as of June 30, 2026 (Unaudited) and December 31, 2025	3
	Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 2025 (Unaudited)	4
	Consolidated Statements of Changes in Net Assets for the Three and Six Months Ended June 30, 2026 and 2025 (Unaudited)	5
	Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025 (Unaudited)	6
	Consolidated Schedules of Investments as of June 30, 2026 (Unaudited) and December 31, 2025	42
	Notes to Consolidated Financial Statements (Unaudited)	75
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	129
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	165
Item 4.	Controls and Procedures	166

PART II	OTHER INFORMATION
Item 1.	Legal Proceedings	167
Item 1A.	Risk Factors	167
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	167
Item 3.	Defaults Upon Senior Securities	167
Item 4.	Mine Safety Disclosures	167
Item 5.	Other Information	167
Item 6.	Exhibits	168
Signatures		169

Table of Contents

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 inflation rates, fluctuating interest 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, changes in law or regulation, including the impact of tariff enactment and tax reductions, trade disputes with other countries, and the risk of recession or future government shutdowns 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 on our business and our portfolio companies;

•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;

Table of Contents

•the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing war between Russia and Ukraine, continued political unrest in various countries such as Venezuela, as well as political and social unrest in the Middle East and North Africa regions, uncertainty with respect to immigration, 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; 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”).

Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

Blue Owl Capital Corporation

Consolidated Statements of Assets and Liabilities

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


	As of June 30, 2026 (Unaudited)		As of December 31, 2025
Assets
Investments at fair value:
Non-controlled, non-affiliated investments (amortized cost of $12,793,396 and $14,060,097, respectively)	$	12,439,882	$	13,995,055
Non-controlled, affiliated investments (amortized cost of $190,543 and $176,078, respectively)	142,746		114,192
Controlled, affiliated investments (amortized cost of $2,129,577, and $2,181,604, respectively)	2,372,421		2,361,646
Total investments at fair value (amortized cost of $15,113,516 and $16,417,779, respectively)	14,955,049		16,470,893
Cash (restricted cash of $20,399 and $47,448, respectively)	237,438		558,703
Foreign cash (cost of $625 and $9,722, respectively)	611		9,839
Interest and dividend receivable	91,333		104,576
Receivable from a controlled affiliate	33,012		26,846
Prepaid expenses and other assets	37,161		15,508
Total Assets	$	15,354,604	$	17,186,365
Liabilities
Debt (net of unamortized debt issuance costs of $101,772 and $93,186, respectively)	$	7,903,533	$	9,300,076
Distribution payable	152,874		184,877
Management fee payable	57,348		63,145
Incentive fee payable	36,156		38,899
Payables to affiliates	8,457		12,572
Accrued expenses and other liabilities	164,477		189,517
Total Liabilities	$	8,322,845	$	9,789,086
Commitments and contingencies (Note 8)
Net Assets
Common shares $0.01 par value, 1,000,000,000 shares authorized; 493,142,569 and 499,448,499 shares issued and outstanding, respectively	$	4,931	$	4,994
Additional paid-in-capital	7,442,001		7,512,234
Accumulated undistributed (overdistributed) earnings	(415,173)		(119,949)
Total Net Assets	$	7,031,759	$	7,397,279
Total Liabilities and Net Assets	$	15,354,604	$	17,186,365
Net Asset Value Per Share	$	14.26	$	14.81

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

Table of Contents

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,
	2026		2025		2026		2025
Investment Income
Investment income from non-controlled, non-affiliated investments:
Interest income	$	272,242	$	384,762	$	564,166	$	741,225
Payment-in-kind (“PIK”) interest income	29,145		29,581		56,379		64,973
Dividend income	17,971		20,810		38,180		42,341

Other income	19,960		5,268		23,118		10,858
Total investment income from non-controlled, non-affiliated investments	339,318		440,421		681,843		859,397
Investment income from non-controlled, affiliated investments:
Interest income	310		219		702		834
PIK interest income	169		865		257		1,904
Dividend income	3,575		555		6,770		555
Other income	24		34		50		70
Total investment income from non-controlled, affiliated investments	4,078		1,673		7,779		3,363
Investment income from controlled, affiliated investments:
Interest income	10,638		9,847		18,635		18,799
PIK interest income	2,272		—		6,431		—
Dividend income	44,678		33,869		82,867		68,874
Other income	358		33		561		56
Total investment income from controlled, affiliated investments	57,946		43,749		108,494		87,729
Total Investment Income	401,342		485,843		798,116		950,489
Operating Expenses
Interest expense	$	122,983	$	151,571	$	257,299	$	300,103
Management fees, net(1)	57,346		64,586		118,039		126,744
Performance based incentive fees	36,156		43,649		68,568		84,678
Professional fees	4,305		3,538		8,511		7,070
Directors' fees	445		320		890		640
Other general and administrative	3,222		3,185		6,307		7,212
Total Operating Expenses	224,457		266,849		459,614		526,447
Net Investment Income (Loss) Before Taxes	176,885		218,994		338,502		424,042
Income tax expense (benefit), including excise tax expense (benefit)	712		2,286		3,159		6,032
Net Investment Income (Loss) After Taxes	$	176,173	$	216,708	$	335,343	$	418,010
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss):
Non-controlled, non-affiliated investments	$	(110,049)	$	(125,752)	$	(274,474)	$	70,764
Non-controlled, affiliated investments	(9,673)		(14,711)		14,091		(15,411)
Controlled, affiliated investments	20,372		37,485		62,802		34,095
Translation of assets and liabilities in foreign currencies and other transactions	4,049		13,351		780		17,367
Income tax (provision) benefit	(207)		(200)		500		(1,762)
Total Net Change in Unrealized Gain (Loss)	(95,508)		(89,827)		(196,301)		105,053
Net realized gain (loss):
Non-controlled, non-affiliated investments	$	(9,477)	$	20,834	$	1,196	$	(131,098)
Non-controlled, affiliated investments	1,427		—		(37,795)		—
Controlled, affiliated investments	(6,032)		—		(62,388)		—
Foreign currency transactions	(844)		(10,209)		1,302		(11,828)
Total Net Realized Gain (Loss)	(14,926)		10,625		(97,685)		(142,926)
Total Net Realized and Change in Unrealized Gain (Loss)	(110,434)		(79,202)		(293,986)		(37,873)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	65,739	$	137,506	$	41,357	$	380,137
Earnings Per Share - Basic and Diluted	$	0.13	$	0.27	$	0.08	$	0.76
Weighted Average Shares Outstanding - Basic and Diluted	495,377,115		511,048,237		497,130,632		502,981,791

____________

(1)Refer to “Note 3 — Agreements and Related Party Transactions” for additional details on management fee waiver.

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

Table of Contents

Blue Owl Capital Corporation

Consolidated Statements of Changes in Net Assets

(Amounts in thousands)

(Unaudited)


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Increase (Decrease) in Net Assets Resulting from Operations
Net investment income (loss)	$	176,173	$	216,708	$	335,343	$	418,010
Net change in unrealized gain (loss)	(95,508)		(89,827)		(196,301)		105,053
Net realized gain (loss)	(14,926)		10,625		(97,685)		(142,926)
Net Increase (Decrease) in Net Assets Resulting from Operations	65,739		137,506		41,357		380,137
Distributions
Distributions declared from earnings(1)	(152,874)		(194,198)		(336,581)		(408,832)
Net Decrease in Net Assets Resulting from Shareholders' Distributions	(152,874)		(194,198)		(336,581)		(408,832)
Capital Share Transactions
Repurchase of common shares	(35,106)		—		(70,296)		—

Issuance of common shares	—		—		—		3,070
Issuance of common shares in connection with the Mergers(2)	—		—		—		1,755,181
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions	(35,106)		—		(70,296)		1,758,251
Total Increase (Decrease) in Net Assets	(122,241)		(56,692)		(365,520)		1,729,556
Net Assets, at beginning of period	$	7,154,000	$	7,739,089	$	7,397,279	$	5,952,841
Net Assets, at End of Period	$	7,031,759	$	7,682,397	$	7,031,759	$	7,682,397

_______________

(1)For the three and six months ended June 30, 2026, distributions declared were derived from net investment income and capital gains. For the three and six months ended June 30, 2025, distributions declared from earnings were derived from net investment income.

(2)Refer to “Note 13 — Merger with Blue Owl Capital Corporation III” (“OBDE”) for additional information on the OBDE Mergers.

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

Table of Contents

Blue Owl Capital Corporation

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)


	For the Six Months Ended June 30,
	2026		2025
Cash Flows from Operating Activities
Net Increase (Decrease) in Net Assets Resulting from Operations	$	41,357	$	380,137
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of investments, net	(1,048,848)		(1,717,316)
Proceeds from investments and investment repayments, net	2,376,459		2,343,003
Net amortization/accretion of premium/discount on investments	(33,985)		(60,603)
PIK interest and dividends	(85,314)		(83,275)
Net change in unrealized (gain) loss on investments	197,581		(89,449)
Net change in interest rate swap attributed to unsecured notes	(16,942)		37,154
Net change in unrealized (gain) loss on foreign currency forward contracts	(14,951)		5,540
Net change in unrealized (gain) loss on translation of assets and liabilities in foreign currencies	14,171		(22,863)
Net realized (gain) loss on investments	98,987		131,098
Net realized (gain) loss on foreign currency transactions relating to investments	(3,036)		(3,228)
Amortization of debt issuance costs	26,705		21,318

Cash acquired in the OBDE Mergers	—		125,621

Changes in operating assets and liabilities:
(Increase) decrease in interest and dividend receivable	13,243		37,850
(Increase) decrease in receivable from a controlled affiliate	(6,166)		(9,260)
(Increase) decrease in prepaid expenses and other assets	(17,053)		16,349
Increase (decrease) in management fee payable	(5,797)		12,590
Increase (decrease) in incentive fee payable	(2,743)		3,230
Increase (decrease) in payables to affiliate	(4,115)		2,127
Increase (decrease) in payable for investments purchased	—		802
Increase (decrease) in accrued expenses and other liabilities	(14,860)		(81,249)




Net cash provided by (used in) operating activities	1,514,693		1,049,576
Cash Flows from Financing Activities
Borrowings on debt	3,288,000		2,964,776
Payments on debt	(4,659,015)		(3,784,059)
Debt issuance costs	(35,291)		(23,205)
Repurchases of common stock	(70,296)		—
Shares issued under the "at the market" offering	—		3,070
Cash distributions paid to shareholders	(368,584)		(364,125)
Net cash provided by (used in) financing activities	(1,845,186)		(1,203,543)
Net increase (decrease) in cash and restricted cash, including foreign cash (restricted cash of $(27,049) and $(17,982), respectively)	(330,493)		(153,967)
Cash and restricted cash, including foreign cash, beginning of period (restricted cash of $47,448 and $82,387, respectively)	568,542		514,156
Cash and restricted cash, including foreign cash, end of period (restricted cash of $20,399 and $64,405, respectively)	$	238,049	$	360,189

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

Table of Contents

Blue Owl Capital Corporation

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)


	For the Six Months Ended June 30,
	2026		2025
Supplemental and Non-Cash Information
Interest paid during the period	$	251,255	$	303,742
Distributions declared during the period	336,581		408,832

Distributions payable	152,874		189,088
Issuance of shares in connection with the OBDE Mergers(1)	—		1,755,181
Receivable for investments sold	1,344		1,000
Taxes, including excise tax, paid during the period	6,856		1,832

_______________

(1)On January 13, 2025, in connection with the OBDE Mergers, the Company acquired net assets of $1.85 billion for the total stock consideration of $1.76 billion, inclusive of $7.0 million of transaction costs. Refer to “Note 13 — Merger with Blue Owl Capital Corporation III” (“OBDE”) for additional information on the OBDE Mergers.

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments(7)
Advertising and media
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(3)(4)(8)	First lien senior secured loan	S+	4.25%		12/2029	$	42,404	—	$	42,098	$	42,086
Monotype Imaging Holdings Inc.(3)(4)(8)	First lien senior secured loan	S+	5.25%		2/2031	143,630		—	142,403		141,476
									184,501		183,562		2.6	%
Aerospace and defense
Applied Composites Holdings, LLC (fka AC&A Enterprises Holdings, LLC)(4)(9)	First lien senior secured loan	S+	2.69%	3.61%	7/2027	43,352		—	37,498		24,277
Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		3/2032	19,555		—	19,451		19,440
Peraton Corp.(3)(4)(9)	Second lien senior secured loan	S+	7.75%		2/2029	60,393		—	57,957		40,463
STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9)	First lien senior secured loan	S+	5.00%		10/2031	110,876		—	109,934		109,490
STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		10/2030	9,824		—	9,742		9,669

									234,582		203,339		2.9	%
Asset based lending and fund finance
Hg Genesis 8 Sumoco Limited(3)(4)(19)(31)	Unsecured facility	SA+	6.00%		9/2027	£	3,967	—	5,039		5,265
Hg Genesis 9 SumoCo Limited(3)(4)(14)(31)	Unsecured facility	E+		6.25%	3/2029	€	37,502	—	40,048		42,876
Hg Saturn Luchaco Limited(3)(4)(19)(31)	Unsecured facility	SA+		8.25%	3/2027	£	53,937	—	68,128		71,588
									113,215		119,729		1.7	%
Automotive services
MAJCO LLC (dba Big Brand Tire & Service)(3)(4)(9)(22)	First lien senior secured loan	S+	4.50%		9/2032	86,967		—	86,453		85,481
Spotless Brands, LLC(3)(4)(10)	First lien senior secured loan	S+	5.75%		7/2028	93,562		—	92,545		93,562
Spotless Brands, LLC(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	5.00%		7/2028	11,120		—	11,002		10,968

									190,000		190,011		2.7	%
Buildings and real estate
Associations Finance, Inc.(3)(4)(6)	Unsecured notes	N/A		14.25%	5/2030	211,390		—	210,115		211,390
Associations, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	6.50%		7/2028	318,408		—	316,965		318,408
Wrench Group LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		9/2032	93,503		—	93,017		92,568

									620,097		622,366		8.9	%

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Business services
Aurelia Netherlands B.V.(3)(4)(14)(31)	First lien senior secured EUR term loan	E+	4.75%		5/2031	€	64,136	—	72,487	73,327
CMG HoldCo, LLC (dba Crete United)(3)(4)(10)(22)	First lien senior secured loan	S+	5.00%		11/2030	1,490		—	1,466	1,413
CoolSys, Inc.(3)(9)	First lien senior secured loan	S+	3.50%	2.50%	8/2028	12,065		—	11,915	9,215
DuraServ LLC(3)(4)(8)	First lien senior secured loan	S+	5.00%		6/2031	127,959		—	126,986	126,039
DuraServ LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.00%		6/2030	6,334		—	6,275	6,070
Gainsight, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.50%		7/2027	30,123		—	29,999	29,747
Hercules Borrower, LLC (dba The Vincit Group)(3)(4)(9)	First lien senior secured loan	S+	4.75%		12/2028	119,306		—	118,999	119,306
Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(6)(33)	Unsecured notes	N/A		0.48%	12/2029	6,316		—	6,462	9,582
KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9)	First lien senior secured loan	S+	5.50%		10/2028	42,874		—	40,167	38,051
KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9)	First lien senior secured delayed draw term loan	S+	5.75%		10/2028	31		—	30	27






									414,786	412,777	5.9	%
Chemicals
Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(4)(9)	Second lien senior secured loan	S+	7.75%		11/2028	16,500		—	16,245	15,098
DCG ACQUISITION CORP. (dba DuBois Chemical)(3)(4)(9)	First lien senior secured loan	S+	5.00%		6/2031	79,048		—	78,255	77,863
Gaylord Chemical Company, L.L.C.(3)(4)(9)(22)	First lien senior secured loan	S+	5.75%		12/2027	180,640		—	179,924	180,166
Rocket BidCo, Inc. (dba Recochem)(3)(4)(9)(31)	First lien senior secured loan	S+	4.75%		11/2030	250,229		—	246,043	248,978


									520,467	522,105	7.4	%
Consumer products
Conair Holdings LLC(3)(8)	First lien senior secured loan	S+	3.75%		5/2028	12,344		—	11,519	10,599
Conair Holdings LLC(3)(4)(8)	Second lien senior secured loan	S+	7.50%		5/2029	127,896		—	125,520	103,276
Feradyne Outdoors, LLC(3)(4)(9)(28)	First lien senior secured loan	S+		6.75%	5/2028	85,124		—	78,196	34,688
Foundation Consumer Brands, LLC(3)(4)(8)	First lien senior secured loan	S+	5.00%		2/2029	15,281		—	15,161	15,281
Lignetics Investment Corp.(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		3/2028	114,820		—	114,696	114,820

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
SWK BUYER, Inc. (dba Stonewall Kitchen)(3)(4)(9)	First lien senior secured loan	S+	5.25%		3/2029	1,448	—	1,417	1,322
SWK BUYER, Inc. (dba Stonewall Kitchen)(3)(4)(10)(22)	First lien senior secured revolving loan	S+	5.25%		3/2029	77	—	75	65
WU Holdco, Inc. (dba PurposeBuilt Brands)(3)(4)(9)	First lien senior secured loan	S+	4.75%		4/2032	93,123	—	92,922	92,658


								439,506	372,709	5.3	%
Containers and packaging
Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)	First lien senior secured loan	S+	5.25%		1/2032	102,842	—	102,459	102,071
Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.25%		1/2031	1,987	—	1,960	1,934
Ascend Buyer, LLC (dba PPC Flexible Packaging)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		9/2028	71,434	—	70,598	70,650
Fortis Solutions Group, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		10/2028	36,904	—	36,155	36,229
Indigo Buyer, Inc. (dba Inovar Packaging Group)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		5/2028	14,074	—	13,960	14,074
Pregis Topco LLC(3)(4)(8)	Second lien senior secured loan	S+	7.75%		8/2029	25,720	—	25,474	25,720
Pregis Topco LLC(3)(4)(8)	Second lien senior secured loan	S+	6.75%		8/2029	150,056	—	148,701	150,056

								399,307	400,734	5.7	%
Distribution
ABB/Con-cise Optical Group LLC(3)(4)(9)	First lien senior secured loan	S+	7.50%		2/2028	64,629	—	64,284	64,467
Endries Acquisition, Inc.(3)(4)(8)	First lien senior secured loan	S+	5.50%		12/2028	118,563	—	117,792	116,785
Offen, Inc.(3)(4)(8)	First lien senior secured loan	S+	5.00%		7/2030	14,679	—	14,556	14,495

								196,632	195,747	2.8	%
Education
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22)	First lien senior secured loan	S+	2.75%	2.25%	10/2031	1,615	—	1,590	1,538
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.75%		10/2031	94	—	93	86

								1,683	1,624	—	%
Energy equipment and services
Dresser Utility Solutions, LLC(3)(4)(8)	First lien senior secured loan	S+	5.25%		3/2029	74,054	—	73,453	74,054
								73,453	74,054	1.1	%

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Financial services
Baker Tilly Advisory Group, LP(3)(4)(8)	First lien senior secured loan	S+	4.75%		6/2031	81,172	—	80,094	81,172
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		6/2030	39,459	—	38,965	39,459
Continental Finance Company, LLC(3)(4)(8)	First lien senior secured loan	S+	8.00%		3/2029	7,500	—	7,446	7,444
Deerfield Dakota Holdings(3)(4)(9)	First lien senior secured loan	S+	3.00%	2.75%	9/2032	116,792	—	116,273	116,208
Deerfield Dakota Holdings(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.25%		9/2032	3,947	—	3,900	3,894
Klarna Holding AB(3)(4)(9)(31)	Subordinated Floating Rate Notes	S+	7.00%		4/2034	1,000	—	1,000	1,000
KRIV Acquisition Inc. (dba Riveron)(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		7/2031	8,108	—	7,956	8,108
Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(8)	First lien senior secured loan	S+	5.00%		6/2030	219,796	—	217,397	219,247
NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		9/2028	46,402	—	46,274	45,934
Smarsh Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		2/2029	2,031	—	2,014	1,939
Smarsh Inc.(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.75%		2/2029	114	—	113	105
Wipfli Advisory LLC(3)(4)(9)(22)	First lien senior secured loan	S+	4.25%		10/2032	26,341	—	26,270	26,105
								547,702	550,615	7.8	%
Food and beverage
Balrog Acquisition, Inc. (dba Bakemark)(3)(4)(8)	Second lien senior secured loan	S+	7.00%		9/2029	28,000	—	27,822	18,760
Blast Bidco Inc. (dba Bazooka Candy Brands)(3)(4)(9)	First lien senior secured loan	S+	6.00%		10/2030	37,203	—	36,572	37,017
BP Veraison Buyer, LLC (dba Sun World)(3)(4)(9)	First lien senior secured loan	S+	5.25%		5/2029	136,645	—	135,571	136,645
Eagle Family Foods Group LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		8/2030	1,703	—	1,688	1,699
Fiesta Purchaser, Inc. (dba Shearer's Foods)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	2.75%		2/2029	1,831	—	1,831	1,708
Gehl Foods, LLC(3)(4)(9)	First lien senior secured loan	S+	6.25%		6/2030	97,846	—	96,825	97,846
Hissho Parent, LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		5/2029	16,422	—	16,318	16,422
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8)	First lien senior secured loan	S+	6.25%		3/2027	27,682	—	27,375	27,682
KBP Brands, LLC(3)(4)(8)	First lien senior secured loan	S+	5.25%		5/2027	1,050	—	1,035	1,034

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Ole Smoky Distillery, LLC(3)(4)(8)	First lien senior secured loan	S+	5.50%		3/2028	846		—	840	776
Rushmore Investment III LLC (dba Winland Foods)(3)(4)(9)	First lien senior secured loan	S+	5.25%		10/2030	330,508		—	327,419	329,682
Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		7/2027	53,851		—	53,825	52,314
Vital Bidco AB (dba Vitamin Well)(3)(4)(8)(31)	First lien senior secured loan	S+	4.25%		10/2031	61,263		—	60,335	61,263

									787,456	782,848	11.1	%
Healthcare equipment and services
Arctic US Bidco, Inc. (dba ThermoSafe)(3)(4)(9)	First lien senior secured loan	S+	4.52%		11/2032	34,635		—	34,475	34,462
Arctic US Bidco, Inc. (dba ThermoSafe)(3)(4)(9)(22)	First lien senior secured multi-currency revolving loan	S+	4.50%		11/2032	2,083		—	2,052	2,049
Bamboo US BidCo LLC(3)(4)(9)	First lien senior secured loan	S+	5.25%		9/2030	10,642		—	10,582	10,642
Bamboo US BidCo LLC(3)(4)(14)	First lien senior secured EUR term loan	E+	5.25%		9/2030	€	4,639	—	4,814	5,304
Bamboo US BidCo LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.25%		10/2029	538		—	538	538
Cambrex Corporation(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		3/2032	920		—	912	916
Caris Life Sciences, Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	5.00%		4/2031	19,714		—	19,620	19,616
Creek Parent, Inc. (dba Catalent)(3)(4)(8)	First lien senior secured loan	S+	5.00%		12/2031	112,797		—	110,701	111,951
CSC MKG Topco LLC (dba Medical Knowledge Group)(3)(4)(8)	First lien senior secured loan	S+	5.50%		2/2029	4,594		—	4,517	4,594
Nelipak Holding Company(3)(4)(9)	First lien senior secured loan	S+	5.50%		3/2031	29,564		—	29,104	29,195
NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(14)	First lien senior secured EUR term loan	E+	5.50%		3/2031	€	44,105	—	46,358	49,795
Packaging Coordinators Midco, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		10/2032	159,730		—	158,034	158,131
Packaging Coordinators Midco, Inc.(3)(4)(19)	First lien senior secured delayed draw term loan	SA+	5.00%		10/2032	£	14,373	—	18,905	18,887
Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.)(3)(4)(9)(31)	First lien senior secured loan	S+	4.75%		1/2028	143,232		—	142,456	143,232
PerkinElmer U.S. LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		3/2029	25,721		—	25,682	25,592
Rhea Parent, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2030	40,164		—	39,806	39,763

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
TBRS, Inc. (dba TEAM Technologies)(3)(4)(9)	First lien senior secured loan	S+	4.75%		11/2031	40,925		—	40,615	40,721
TBRS, Inc. (dba TEAM Technologies)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	4.75%		11/2030	442		—	421	415
									689,592	695,803	9.9	%
Healthcare providers and services
Allied Benefit Systems Intermediate LLC(3)(4)(8)	First lien senior secured loan	S+	5.00%		10/2030	5,206		—	5,206	5,180
Belmont Buyer, Inc. (dba Valenz)(3)(4)(9)(22)	First lien senior secured loan	S+	6.50%		6/2029	4,547		—	4,484	4,547
Belmont Buyer, Inc. (dba Valenz)(3)(4)(9)	First lien senior secured loan	S+	5.25%		6/2029	3,112		—	3,059	3,089
Bristol Hospice L.L.C.(3)(4)(8)	First lien senior secured loan	S+	5.25%		8/2032	41,783		—	41,593	41,783
Commander Buyer, Inc. (dba CenExel)(3)(4)(8)	First lien senior secured loan	S+	4.50%		6/2032	55,821		—	55,550	55,542
Confluent Health, LLC(3)(4)(8)	First lien senior secured loan	S+	5.00%		11/2028	4,888		—	4,785	4,374
Covetrus, Inc.(3)(4)(9)	Second lien senior secured loan	S+	9.25%		10/2030	30,000		—	28,987	30,000
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)(3)(4)(21)(22)(31)	First lien senior secured loan	C+	5.00%		1/2033	C$	116,296	—	83,305	81,515
Engage Debtco Limited(3)(4)(9)(31)	First lien senior secured loan	S+	3.08%	2.75%	7/2029	2,155		—	2,111	1,956
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2029	118,433		—	117,239	117,840
Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(8)(22)	First lien senior secured loan	S+	4.00%		9/2030	695		—	693	693
Maple Acquisition, LLC (dba Medicus)(3)(4)(10)	First lien senior secured loan	S+	4.75%		5/2031	77,844		—	77,176	77,844
National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(8)(28)	First lien senior secured loan	S+		10.00%	7/2026	169,568		—	142,633	64,962
National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(8)(28)	First lien senior secured delayed draw term loan	S+		12.00%	7/2026	23,987		—	14,248	7,916
National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(8)(22)(28)	First lien senior secured revolving loan	S+		9.00%	7/2026	12,335		—	10,147	3,998
Natural Partners, LLC(3)(4)(9)(31)	First lien senior secured loan	S+	4.50%		11/2030	6,426		—	6,341	6,426
Nova Women's Health, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		1/2032	14,682		—	14,567	14,608
OB Hospitalist Group, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		1/2031	120,286		—	119,560	120,286
Pacific BidCo Inc.(3)(4)(10)(31)	First lien senior secured loan	S+	5.75%		8/2029	48,719		—	47,898	47,745

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
PetVet Care Centers, LLC(3)(4)(8)	First lien senior secured loan	S+	6.00%		11/2030	130,337		—	128,375	113,393
PetVet Care Centers, LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.00%		11/2029	5,490		—	5,325	3,111
Physician Partners, LLC(3)(9)	First lien senior secured loan	S+	6.00%		12/2029	11,315		—	10,824	11,230
Physician Partners, LLC(3)(9)	First lien senior secured loan	S+	1.50%	2.50%	12/2029	6,596		—	4,589	5,931
Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28)	First lien senior secured loan	S+		5.75%	5/2029	1,512		—	1,347	809
Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(22)(28)	First lien senior secured delayed draw term loan	S+		6.25%	3/2027	31		—	29	31
Plasma Buyer LLC (dba PathGroup)(3)(4)(9)(28)	First lien senior secured revolving loan	S+		5.75%	5/2028	163		—	149	87
PPV Intermediate Holdings, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	5.75%		8/2029	29,068		—	28,667	28,232
PPV Intermediate Holdings, LLC(3)(4)(9)	First lien senior secured delayed draw term loan	S+	6.00%		8/2029	1,751		—	1,727	1,711
Premier Imaging, LLC (dba LucidHealth)(3)(4)(9)	First lien senior secured loan	S+	6.00%		10/2027	46,872		—	46,824	37,965
Premise Health Holding Corp.(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		11/2032	88,501		—	88,076	87,148
Quva Pharma, Inc.(3)(4)(9)	First lien senior secured loan	S+	2.75%	3.00%	4/2028	68,299		—	67,423	66,591
SimonMed, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		2/2032	532		—	529	529
SimonMed, Inc.(3)(4)(9)(22)	First lien senior secured revolving loan	S+	4.75%		2/2031	33		—	33	33
Soleo Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		2/2032	71,423		—	71,114	71,423
Soleo Holdings, Inc.(3)(4)(8)	First lien senior secured delayed draw term loan	S+	4.50%		2/2032	8,573		—	8,514	8,573
Tivity Health, Inc.(3)(4)(8)	First lien senior secured loan	S+	5.00%		6/2029	139		—	139	139
Unified Women's Healthcare, LP(3)(4)(9)	First lien senior secured loan	S+	5.00%		6/2029	57,023		—	56,545	56,738
Valeris, Inc. (fka Phantom Purchaser, Inc.)(3)(4)(9)	First lien senior secured loan	S+	5.00%		9/2031	41,918		—	41,394	41,918
Vermont Aus Pty Ltd(3)(4)(17)(31)	First lien senior secured AUD term loan	B+	4.50%		3/2028	A$	2,067	—	1,365	1,429






									1,342,570	1,227,325	17.5	%
Healthcare technology
BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(9)	First lien senior secured loan	S+	5.75%		8/2028	177,685		—	175,899	176,796
BCPE Osprey Buyer, Inc. (dba PartsSource)(3)(4)(8)(22)	First lien senior secured delayed draw term loan	S+	5.75%		8/2028	49,617		—	49,071	49,345

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		8/2031	87,491		—	86,493	87,491
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(3)(4)(8)	First lien senior secured loan	S+	4.75%		8/2031	12,694		—	12,638	12,631
GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)	First lien senior secured loan	S+	6.00%		10/2028	24,504		—	23,987	22,237
GI Ranger Intermediate, LLC (dba Rectangle Health)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	6.00%		10/2027	1,191		—	1,176	1,002
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)	First lien senior secured loan	S+	4.00%	2.50%	12/2030	22,116		—	21,760	21,452
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)	First lien senior secured delayed draw term loan	S+	6.00%		12/2030	334		—	334	324
Indikami Bidco, LLC (dba IntegriChain)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.00%		6/2030	1,753		—	1,727	1,691
Inovalon Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	2.75%	2.75%	11/2028	155,485		—	155,299	148,100
Inovalon Holdings, Inc.(3)(4)(9)	Second lien senior secured loan	S+		8.50%	11/2033	67,363		—	67,363	56,585
Interoperability Bidco, Inc. (dba Lyniate)(3)(4)(9)	First lien senior secured loan	S+	5.25%		3/2028	71,397		—	71,201	70,861
Klick Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	5.00%		11/2032	67,484		—	67,170	67,146
Klick Inc.(3)(4)(8)(31)	First lien senior secured delayed draw term loan	S+	5.00%		11/2032	7,216		—	7,182	7,180
Modernizing Medicine, Inc. (dba ModMed)(3)(4)(9)	First lien senior secured loan	S+	2.50%	2.25%	4/2032	781		—	774	781
RL Datix Holdings (USA), Inc.(3)(4)(10)	First lien senior secured loan	S+	5.00%		4/2031	55,712		—	55,713	54,737
RL Datix Holdings (USA), Inc.(3)(4)(19)	First lien senior secured GBP term loan	SA+	5.00%		4/2031	£	25,885	—	34,933	33,755
Salinger Bidco Inc. (dba Surgical Information Systems)(3)(4)(9)	First lien senior secured loan	S+	5.75%		8/2031	40,704		—	40,161	40,704


									872,881	852,818	12.1	%
Household products
HGH Purchaser, Inc. (dba Horizon Services)(3)(4)(9)	First lien senior secured loan	S+	3.25%	3.75%	11/2028	197,580		—	196,971	182,761
HGH Purchaser, Inc. (dba Horizon Services)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	6.50%		11/2028	13,454		—	13,392	12,206

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Mario Midco Holdings, Inc. (dba Len the Plumber)(3)(4)(9)	Unsecured facility	S+		10.75%	4/2032	9,544	—	9,354	8,184
Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.75%		4/2028	761	—	742	606
Mario Purchaser, LLC (dba Len the Plumber)(3)(4)(9)	First lien senior secured loan	S+	4.00%	2.00%	4/2029	27,981	—	27,541	25,743
Sentinel Buyer Corp. (dba SimpliSafe)(3)(4)(8)	First lien senior secured loan	S+	5.00%		11/2032	40,313	—	39,938	39,809
								287,938	269,309	3.8	%
Human resource support services
Cornerstone OnDemand, Inc.(3)(4)(8)	Second lien senior secured loan	S+	6.50%		10/2029	160,417	—	154,594	92,240
IG Investments Holdings, LLC (dba Insight Global)(3)(4)(9)	First lien senior secured loan	S+	5.00%		9/2028	111,668	—	110,830	111,668
								265,424	203,908	2.9	%
Infrastructure and environmental services
CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		1/2031	51,169	—	50,659	51,169
CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		1/2030	288	—	277	288
GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8)	First lien senior secured loan	S+	6.75%		4/2030	922	—	913	897
GI Apple Midco LLC (dba Atlas Technical Consultants)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.75%		4/2029	74	—	73	71
Peachtree Buyer, Inc. (dba Pond & Company)(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2032	38,062	—	37,689	37,682
Peachtree Buyer, Inc. (dba Pond & Company)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.50%		12/2032	276	—	258	244
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)	First lien senior secured loan	S+	4.95%		3/2029	1,214	—	1,201	1,190
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	5.00%		3/2029	233	—	230	225
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(3)(4)(9)	First lien senior secured delayed draw term loan	S+	4.81%		3/2029	135	—	133	132
VCI Asset Holdings LLC(3)(4)(6)(31)	First lien senior secured loan	N/A	10.00%		11/2030	81,409	—	80,675	86,701

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Vessco Midco Holdings, LLC(3)(4)(8)	First lien senior secured loan	S+	4.50%		7/2031	45,722	—	45,218	45,722
Vessco Midco Holdings, LLC(3)(4)(10)(22)	First lien senior secured loan	S+	4.50%		7/2031	29,530	—	29,344	29,530
								246,670	253,851	3.6	%
Insurance
AmeriLife Holdings LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		8/2029	13,273	—	13,062	13,174
AmeriLife Holdings LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		8/2028	250	—	247	243
Brightway Holdings, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		12/2029	51,782	—	51,652	51,782
Diamond Mezzanine 24 LLC (dba United Risk)(3)(4)(9)	First lien senior secured loan	S+	4.50%		10/2030	25,038	—	24,825	25,038
Evolution BuyerCo, Inc. (dba SIAA)(3)(4)(9)	First lien senior secured loan	S+	4.75%		4/2030	414	—	409	414
Integrity Marketing Acquisition, LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		8/2028	96,938	—	96,179	96,938
KUSRP Intermediate, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8)	First lien senior secured loan	S+		10.50%	7/2030	72,349	—	71,799	72,349
Norvax, LLC (dba GoHealth)(3)(4)(12)(28)	First lien senior secured loan	P+		6.50%	11/2029	2,483	—	2,259	410
Norvax, LLC (dba GoHealth)(3)(4)(12)(28)	First lien senior secured revolving loan	P+		8.25%	8/2029	4,184	—	1,577	—
Simplicity Financial Marketing Group Holdings, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		12/2031	50,615	—	50,028	49,977
THG Acquisition, LLC (dba Hilb)(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		10/2031	43,157	—	42,692	42,563
Trucordia Insurance Holdings, LLC(3)(4)(9)	Second lien senior secured loan	S+	5.75%		6/2033	150,000	—	148,639	135,375
Truist Insurance Holdings, LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	3.25%		5/2029	51	—	51	24
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)(3)(4)(8)	First lien senior secured loan	S+	4.75%		12/2029	51,040	—	50,708	51,040




								554,127	539,327	7.7	%
Internet software and services
AI Titan Parent, Inc. (dba Prometheus Group)(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		8/2031	7,887	—	7,711	7,666
AlphaSense, Inc.(3)(4)(9)	First lien senior secured loan	S+	6.25%		6/2029	707	—	702	703
Anaplan, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		6/2029	63,435	—	63,435	62,325
Aptean Acquiror, Inc. (dba Aptean)(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		1/2031	19,480	—	19,158	18,910

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Auctane, Inc. (f/k/a Stamps.com Inc.)(3)(4)(9)	First lien senior secured loan	S+	5.75%		6/2033	24,625		—	24,259	24,256
Armstrong Bidco Limited(3)(4)(19)(31)	First lien senior secured GBP term loan	SA+	5.25%		6/2029	£	1,846	—	2,243	2,376
Artifact Bidco, Inc. (dba Avetta)(3)(4)(9)	First lien senior secured loan	S+	4.15%		7/2031	12,011		—	11,918	11,981
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(3)(4)(8)	First lien senior secured loan	S+	6.00%		3/2031	15,778		—	15,568	15,502
Barracuda Parent, LLC(3)(9)	First lien senior secured loan	S+	4.50%		8/2029	12,601		—	11,986	8,511
Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)	First lien senior secured loan	S+	2.50%	3.00%	10/2028	90,241		—	90,055	88,662
Bayshore Intermediate #2, L.P. (dba Boomi)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		10/2027	3,605		—	3,594	3,475
BCTO WIW Holdings, Inc. (dba When I Work)(3)(4)(6)	Senior convertible notes	N/A		5.50%	8/2030	—		4,871,573	4,694	4,694
By Light Professional IT Services LLC(3)(4)(8)(22)	First lien senior secured loan	S+	5.50%		7/2031	45,622		—	44,992	43,970
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(3)(4)(9)	First lien senior secured loan	S+	5.25%		8/2027	22,230		—	21,957	21,229
CivicPlus, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	3.25%	2.75%	8/2030	79,806		—	79,481	78,145
Clearwater Analytics Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.50%		6/2033	38,402		—	38,210	38,210
Coupa Holdings, LLC(3)(4)(9)	First lien senior secured loan	S+	5.25%		2/2030	1,679		—	1,667	1,616
Coupa Holdings, LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.25%		2/2029	72		—	72	68
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(3)(4)(9)	Unsecured notes	S+		11.75%	6/2034	23,049		—	22,849	22,645
Crewline Buyer, Inc. (dba New Relic)(3)(4)(9)	First lien senior secured loan	S+	6.75%		11/2030	146,812		—	144,686	143,509
Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)(3)(4)(8)(22)	First lien senior secured loan	S+	5.50%		8/2032	78,370		—	77,224	72,016
EET Buyer, Inc. (dba e-Emphasys)(3)(4)(9)	First lien senior secured loan	S+	5.50%		11/2029	15,039		—	14,920	14,814
Einstein Parent, Inc. (dba Smartsheet)(3)(4)(9)	First lien senior secured loan	S+	5.25%		1/2031	43,387		—	43,008	42,627
Flexera Software LLC(3)(4)(13)	First lien senior secured EUR term loan	E+	4.50%		8/2032	€	5,300	—	6,194	5,908
Flexera Software LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		8/2032	17,563		—	17,524	17,124

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Granicus, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	2.25%	1/2031	17,968		—	17,762	17,743
Granicus, Inc.(3)(4)(9)	First lien senior secured delayed draw term loan	S+	3.00%	2.25%	1/2031	2,668		—	2,628	2,601
Granicus, Inc.(3)(4)(12)(22)	First lien senior secured revolving loan	P+	4.25%		1/2031	197		—	190	167
GS Acquisitionco, Inc. (dba insightsoftware)(3)(4)(9)	First lien senior secured loan	S+	5.25%		5/2028	9,686		—	9,535	9,275
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(3)(4)(8)(31)	First lien senior secured loan	S+	6.50%		4/2028	16,367		—	16,233	16,122
Hyland Software, Inc.(3)(4)(8)	First lien senior secured loan	S+	4.75%		9/2030	65,796		—	65,796	63,822
Icefall Parent, Inc. (dba EngageSmart)(3)(4)(9)	First lien senior secured loan	S+	4.50%		1/2030	4,197		—	4,197	4,166
Jawbreaker Parent, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.75%		1/2033	61,466		—	61,139	60,544
JS Parent, Inc. (dba Jama Software)(3)(4)(9)	First lien senior secured loan	S+	4.75%		4/2031	896		—	892	896
Litera Bidco LLC(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		5/2028	150,434		—	149,981	147,760
Matterhorn Finco, Inc. (dba Nexthink)(3)(4)(9)	First lien senior secured loan	S+	5.50%		3/2033	34,466		—	34,299	34,293
Ministry Brands Holdings, LLC(3)(4)(8)	First lien senior secured loan	S+	5.50%		12/2028	11,821		—	11,614	11,525
NSCALE SERVICES UK LTD(3)(4)(9)(22)(31)	First lien senior secured delayed draw term loan	S+	5.00%		2/2031	1,397		—	831	900
Onward Acquireco, Inc. (dba OneStream)(3)(4)(8)	First lien senior secured loan	S+	2.38%	2.68%	4/2033	60,128		—	59,910	59,902
PDI TA Holdings, Inc.(3)(4)(9)	First lien senior secured loan	S+	3.50%	2.50%	2/2031	21,815		—	21,416	20,834
PDI TA Holdings, Inc.(3)(4)(9)	First lien senior secured revolving loan	S+	5.50%		2/2031	1,824		—	1,811	1,742
QAD, Inc.(3)(4)(8)	First lien senior secured loan	S+	4.75%		11/2027	69,265		—	68,785	68,573
Securonix, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.00%	3.75%	4/2029	1,794		—	1,699	1,399
Securonix, Inc.(3)(4)(9)(22)	First lien senior secured revolving loan	S+	7.00%		4/2029	102		—	90	35
Sitecore Holding III A/S(3)(4)(10)	First lien senior secured loan	S+	6.00%		3/2029	4,574		—	4,557	4,448
Sitecore Holding III A/S(3)(4)(15)	First lien senior secured EUR term loan	E+	6.00%		3/2029	€	26,382	—	27,823	29,333
Sitecore USA, Inc.(3)(4)(10)	First lien senior secured loan	S+	6.00%		3/2029	27,576		—	27,472	26,818
Spaceship Purchaser, Inc. (dba Squarespace)(3)(4)(9)	First lien senior secured loan	S+	3.75%		10/2031	12,788		—	12,788	12,660
Themis Solutions Inc. (dba Clio)(3)(4)(8)(31)	First lien senior secured loan	S+	1.75%	3.75%	10/2032	8,975		—	8,894	8,795

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Thunder Purchaser, Inc. (dba Vector Solutions)(3)(4)(9)	First lien senior secured loan	S+	5.25%		6/2028	96,699	—	96,071	95,007
Zendesk, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		11/2028	116,650	—	115,298	112,859
								1,589,818	1,563,161	22.2	%
Leisure and entertainment
Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(9)(31)	First lien senior secured loan	S+	5.25%		7/2031	174,694	—	172,429	174,694
Aerosmith Bidco 1 Limited (dba Audiotonix)(3)(4)(10)(31)	First lien senior secured delayed draw term loan	S+	5.25%		7/2031	43,934	—	43,451	43,934
Eternal Buyer, LLC (dba Wedgewood Weddings)(3)(4)(8)	First lien senior secured loan	S+	4.25%		6/2032	34,738	—	34,584	34,564
Troon Golf, L.L.C.(3)(4)(9)(22)	First lien senior secured loan	S+	4.50%		8/2028	85,785	—	85,247	85,785
								335,711	338,977	4.8	%
Manufacturing


Loparex Midco B.V.(3)(4)(9)(28)	First lien senior secured loan	S+	6.00%		2/2027	782	—	782	802
Loparex Midco B.V.(3)(4)(9)(28)	First lien senior secured loan	S+	4.50%		7/2027	4,122	—	3,934	886
Loparex Midco B.V.(3)(4)(9)(28)	Second lien senior secured loan	S+	8.75%		7/2027	112,000	—	110,162	5,600
Loparex Midco B.V.(3)(4)(9)(28)	Second lien senior secured loan	S+	8.50%		7/2027	21,000	—	20,459	1,050
MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9)(22)	First lien senior secured loan	S+	6.00%		7/2027	109,812	—	109,445	105,994
MHE Intermediate Holdings, LLC (dba OnPoint Group)(3)(4)(9)	First lien senior secured loan	S+	6.25%		7/2027	2,488	—	2,466	2,413
Sonny's Enterprises, LLC(3)(4)(9)	First lien senior secured loan	S+	5.50%		8/2028	269,940	—	268,090	267,241
Sonny's Enterprises, LLC(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	6.50%		8/2028	17,476	—	17,347	17,476
Sonny's Enterprises, LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.50%		8/2027	17,776	—	17,718	17,554


								550,403	419,016	6.0	%
Pharmaceuticals
Puma Buyer, LLC (dba PANTHERx)(3)(4)(9)	First lien senior secured loan	S+	4.25%		3/2032	1,206	—	1,199	1,206
Senderra RX Acquisition, LLC(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		3/2033	25,847	—	25,558	25,546
								26,757	26,752	0.4	%

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par		Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Professional services
Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9)	First lien senior secured loan	S+	2.88%	2.75%	6/2031	25,334		—	25,038	24,447
Essential Services Holding Corporation (dba Turnpoint)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.25%		6/2030	1,360		—	1,339	1,252
Gerson Lehrman Group, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2028	149,668		—	148,720	147,423
Guidehouse Inc.(3)(4)(8)	First lien senior secured loan	S+	4.75%		12/2030	49,202		—	48,399	46,988
Paris US Holdco, Inc. (dba Precinmac)(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		12/2031	35,721		—	35,282	35,721
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(9)	First lien senior secured loan	S+	6.50%		5/2028	89,494		—	89,131	89,047
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(14)	First lien senior secured EUR term loan	E+	6.75%		5/2028	€	15,338	—	16,388	17,448
Sensor Technology Topco, Inc. (dba Humanetics)(3)(4)(8)(22)	First lien senior secured revolving loan	S+	6.50%		5/2028	969		—	944	933
Vensure Employer Services, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		9/2031	2,379		—	2,338	2,353



									367,579	365,612	5.2	%
Specialty retail
Galls, LLC(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		3/2030	156,395		—	154,697	156,395
Milan Laser Holdings LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		4/2027	62,598		—	62,267	62,441
The Shade Store, LLC(3)(4)(9)(35)	First lien senior secured loan	S+		6.00%	10/2029	23,469		—	19,064	14,610





									236,028	233,446	3.3	%
Telecommunications
EOS Finco S.A.R.L (dba Netceed)(3)(4)(10)(31)	First lien senior secured loan	S+	5.00%		1/2032	7,537		—	6,264	6,218
EOS Finco S.A.R.L (dba Netceed)(3)(4)(15)(22)(31)	First lien senior secured delayed draw term loan	E+	6.25%		1/2032	€	603	—	650	624
Reinstated NewCo S.À R.L. (dba Netceed)(3)(4)(9)(31)	First lien senior secured loan	S+		9.00%	1/2033	4,490		—	3,383	3,188
									10,297	10,030	0.1	%
Transportation
Lightbeam Bidco, Inc. (dba Lazer Spot)(3)(4)(9)(22)	First lien senior secured loan	S+	4.80%		5/2030	5,012		—	5,010	4,987
Lytx, Inc.(3)(4)(8)	First lien senior secured loan	S+	5.00%		2/2028	61,543		—	61,543	61,543

									66,553	66,530	0.9	%

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Total non-controlled/non-affiliated debt investments								$	12,165,735	$	11,698,085	166.4	%
Total non-controlled/non-affiliated misc. debt commitments(22)(23)(Note 8)								$	(3,729)	$	(7,236)	(0.1)	%
Total non-controlled/non-affiliated portfolio company debt investments								$	12,162,006	$	11,690,849	166.3	%

Equity Investments
Aerospace and defense
Space Exploration Technologies Corp.(3)(29)(30)	Class A Common Stock	N/A			N/A	—	139,915	1,754		23,906

								1,754		23,906		0.3	%
Asset based lending and fund finance
Amergin Asset Management, LLC(3)(4)(29)(30)	Specialty finance equity investment	N/A			N/A	—	50,000,000	382		2,061
								382		2,061		—	%
Automotive services
CD&R Value Building Partners I, L.P. (dba Belron)(3)(5)(29)(30)(31)	LP Interest	N/A			N/A	73,986	—	77,227		109,354

Percheron Horsepower-A LP (dba Big Brand Tire & Service)(3)(5)(22)(29)(30)(31)	LP Interest	N/A			N/A	—	1,509,355	12,246		15,840
								89,473		125,194		1.8	%




Business services


Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(29)(30)(33)	Common Units	N/A			N/A	—	2,640,000	2,728		4,004
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(3)(4)(10)(30)	Perpetual Preferred Stock	S+		10.75%	N/A	—	12,600	18,659		10,834
								21,387		14,838		0.2	%
Consumer products
ASP Conair Holdings LP(3)(4)(29)(30)	Class A Units	N/A			N/A	—	59,712	6,057		1,075
								6,057		1,075		—	%
Containers and packaging
TCB Holdings I LLC (dba TricorBraun)(3)(4)(6)(30)	Class A Preferred Units	N/A		14.00%	N/A	—	43,500	51,441		47,042
								51,441		47,042		0.7	%

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Financial services
Blend Labs, Inc.(3)(4)(29)(30)	Warrants	N/A			N/A	—	179,529	975	2
Capital Integration Systems LLC (dba CAIS)(3)(4)(29)(30)	Class D Common Units	N/A			N/A	—	6,372	5,000	5,000
Snowbird Manager LP(3)(5)(29)(30)(31)	LP Interest	N/A			N/A	—	786,491	4,225	4,345
								10,200	9,347	0.1	%
Food and beverage
Hissho Sushi Holdings, LLC(3)(4)(29)(30)	Class A Units	N/A			N/A	—	15,004	129	213
								129	213	—	%
Healthcare equipment and services
KPCI Co-Invest 2, L.P.(3)(4)(29)(30)(31)	Class A Units	N/A			N/A	—	851,604	8,516	8,104

Maia Aggregator, LP(3)(4)(29)(30)	Class A-2 Units	N/A			N/A	—	280,899	268	333
Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(6)(30)(31)	Class A Units	N/A		8.00%	N/A	—	9,739	14,595	14,618
Patriot Holdings SCSp (dba Corza Health, Inc.)(3)(4)(29)(30)(31)	Class B Units	N/A			N/A	—	134,107	266	1,158
Rhea Acquisition Holdings, LP(3)(4)(29)(30)	Series A-2 Units	N/A			N/A	—	260,435	260	228
								23,905	24,441	0.3	%
Healthcare providers and services
Baypine Commander Co-Invest, LP(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	3,068	—	3,086	3,214
KOBHG Holdings, L.P. (dba OB Hospitalist)(3)(4)(29)(30)	Class A Interests	N/A			N/A	—	9,687	9,376	13,359
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(29)(30)	Class A Interest	N/A			N/A	—	542	5,522	7,147
Nova Women’s Health Partners Holdings, LP(3)(4)(29)(30)	Class A Units	N/A			N/A	—	1,188,811	1,545	1,545
Polar Investors LP (dba Dentalcorp)(3)(4)(22)(29)(30)(31)	Common equity	N/A			N/A	3,409	—	3,409	3,409
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(3)(4)(6)(30)	Series A Preferred Stock	N/A		15.00%	N/A	—	17,918	21,402	17,073
XOMA Corporation(3)(4)(29)(30)	Warrants	N/A			N/A	—	36,000	269	692
								44,609	46,439	0.7	%
Healthcare technology
BEHP Co-Investor II, L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	1,270	—	157	2,543

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Minerva Holdco, Inc.(3)(4)(6)(30)	Senior A Preferred Stock	N/A		10.75%	N/A	—	9,000	14,228	13,904
ModMed Software Midco Holdings, Inc. (dba ModMed)(3)(4)(6)(30)	Series A Preferred Units	N/A		13.00%	N/A	—	170	192	196
WP Irving Co-Invest, L.P.(3)(4)(29)(30)(31)	Partnership Units	N/A			N/A	—	1,250,000	719	2,503
								15,296	19,146	0.3	%
Household products
Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30)	Class A Units	N/A			N/A	—	1,955	1,955	2,028
Rome Topco Holdings, LLC (dba SimpliSafe)(3)(4)(29)(30)	Class B Units	N/A			N/A	—	1,954,656	—	169
								1,955	2,197	—	%
Human resource support services
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(3)(4)(6)(30)	Series A Preferred Stock	N/A		10.50%	N/A	—	51,250	79,645	39,846
								79,645	39,846	0.6	%
Infrastructure and environmental services
Valor CI Blocker Feeder LP(3)(4)(22)(29)(30)(31)	LP Interest	N/A			N/A	4,184	—	4,069	4,366
VCI Intermediate TopCo 1 LLC(3)(4)(29)(30)(31)	Class B Units	N/A			N/A	4,523	—	4,382	4,613
								8,451	8,979	0.1	%
Insurance
Accelerate Topco Holdings, LLC(3)(4)(29)(30)	Common Units	N/A			N/A	—	5,641	254	255
Evolution Parent, LP (dba SIAA)(3)(4)(29)(30)	LP Interest	N/A			N/A	—	51,757	5,279	8,900
GoHealth, Inc.(3)(4)(29)(30)	Common stock	N/A			N/A	—	33,357	186	—
GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)(3)(4)(29)(30)	LP Interest	N/A			N/A	—	124,940	1,014	1,412
Hockey Parent Holdings, L.P.(3)(4)(29)(30)	Class A Common Units	N/A			N/A	—	17,500	18,225	22,914
PCF Holdco, LLC (dba Trucordia)(3)(4)(29)(30)	Warrants	N/A			N/A	—	1,624,016	5,437	4,474
PCF Holdco, LLC (dba Trucordia)(3)(4)(6)(30)	Preferred equity	N/A		14.00%	N/A	—	20,983	26,590	30,759
								56,985	68,714	1.0	%
Internet software and services
AlphaSense, LLC(3)(4)(29)(30)	Series E Preferred Shares	N/A			N/A	—	16,929	153	258

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Bird Holding B.V. (fka MessageBird Holding B.V.)(3)(4)(29)(30)(31)	Extended Series C Warrants	N/A			N/A	—	148,430	790	168
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(3)(4)(29)(30)	Common Units	N/A			N/A	—	9,233,282	10,049	14,303
Elliott Alto Co-Investor Aggregator L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	6,007	—	7,542	13,742
GT Silver Co-Invest SCSp(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	1,182	—	1,182	1,182
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	1,709	—	1,817	2,065
Nscale Limited(3)(4)(29)(30)(31)	Preferred equity	N/A			N/A	—	299,760	5,502	6,701
Nscale Limited(3)(4)(29)(30)(31)	Series B Preferred Shares	N/A			N/A	—	579,420	3,669	9,299
Project Alpine Co-Invest Fund, LP(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	12,000	—	12,582	13,732
Project Hotel California Co-Invest Fund, L.P.(3)(29)(30)(31)	LP Interest	N/A			N/A	4,027	—	4,182	4,320
Thunder Topco L.P. (dba Vector Solutions)(3)(4)(29)(30)	Common Units	N/A			N/A	—	5,968,267	6,324	6,273
VEPF VIII Co-Invest 8-A, L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	982	—	982	982
WMC Bidco, Inc. (dba West Monroe)(3)(4)(6)(30)	Senior Preferred Stock	N/A		11.25%	N/A	—	50,077	82,293	81,920
WP Silver Co-Invest, L.P.(3)(4)(29)(30)(31)	LP Interest	N/A			N/A	1,182	—	1,182	1,182
Zoro TopCo, L.P.(3)(4)(29)(30)	Class A Common Units	N/A			N/A	—	1,064,900	10,830	8,595
Zoro TopCo, Inc.(3)(4)(9)(30)	Series A Preferred Equity	S+		9.50%	N/A	—	3,076	4,770	4,704
								153,849	169,426	2.4	%
Manufacturing
Gloves Holdings, LP (dba Protective Industrial Products)(3)(4)(29)(30)	LP Interest	N/A			N/A	—	48,099	5,395	7,433

Windows Entities(3)(4)(30)(32)	LLC Units	N/A			N/A	—	31,844	60,319	138,629
								65,714	146,062	2.1	%
Telecommunications
Equity NewCo S.A. (dba Netceed)(3)(4)(29)(30)(31)	Common equity	N/A			N/A	—	24,178,147	158	107
								158	107	—	%

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Total non-controlled/non-affiliated portfolio company equity investments								$	631,390	$	749,033	10.7	%
Total non-controlled/non-affiliated portfolio company investments								$	12,793,396	$	12,439,882	176.9	%

Non-controlled/affiliated portfolio company investments(24)
Debt Investments(7)
Education
Pluralsight, LLC(3)(4)(8)	First lien senior secured loan	S+	3.00%	1.50%	8/2029	23,280	—	23,203		20,836

Pluralsight, LLC(3)(4)(8)(28)(35)	First lien senior secured loan	S+		7.50%	8/2029	28,428	—	25,749		2,274
								48,952		23,110		0.3	%




Total non-controlled/affiliated debt investments								48,952		23,110		0.3	%
Total non-controlled/affiliated misc. debt commitments(22)(23)(Note 8)								$	—	$	(1,400)	—	%
Total non-controlled/affiliated portfolio company debt investments								$	48,952	$	21,710	0.3	%

Equity Investments
Asset based lending and fund finance
Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)(3)(5)(26)(30)(31)(34)	Specialty finance equity investment	N/A			N/A	116,143	—	116,143		115,840
								116,143		115,840		1.6	%
Education
Paradigmatic Holdco LLC (dba Pluralsight)(3)(4)(29)(30)	Common stock	N/A			N/A	—	7,619,079	20,149		—
								20,149		—		—	%
Pharmaceuticals
LSI Financing 1 DAC(3)(4)(30)(31)	Specialty finance equity investment	N/A			N/A	5,261	—	5,299		5,196
								5,299		5,196		0.1	%




Total non-controlled/affiliated equity portfolio company investments								$	141,591	$	121,036	1.7	%
Total non-controlled/affiliated portfolio company investments								$	190,543	$	142,746	2.0	%

Controlled/affiliated portfolio company investments(24)
Debt Investments(7)
Advertising and media
Swipe Acquisition Corporation (dba PLI)(3)(4)(9)	First lien senior secured loan	S+	8.00%		11/2027	72,529	—	72,363		72,529
Swipe Acquisition Corporation (dba PLI)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		11/2027	47,828	—	47,654		47,828

								120,017		120,357		1.7	%

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Asset based lending and fund finance
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(6)(31)	Specialty finance debt investment	N/A		12.00%	7/2030	69,510	—	69,391		69,510
AAM Series 2.1 Aviation Feeder, LLC(3)(4)(6)(31)	Specialty finance debt investment	N/A		12.00%	11/2030	101,744	—	101,593		101,744
								170,984		171,254		2.4	%
Distribution
PS Operating Company LLC (fka QC Supply, LLC)(4)(9)(22)(28)	First lien senior secured loan	S+	6.00%		6/2028	22,166	—	17,045		2,895

								17,045		2,895		—	%




Infrastructure and environmental services
Eagle Infrastructure Services, LLC(4)(9)	First lien senior secured loan	S+	7.50%		4/2028	87,138	—	86,420		87,138
								86,420		87,138		1.2	%
Specialty retail
Notorious Holdings LLC (dba Beauty Industry Group)(3)(4)(9)	First lien senior secured loan	S+		9.00%	12/2031	22,088	—	21,894		21,425
Notorious Topco, LLC (dba Beauty Industry Group)(3)(4)(9)	First lien senior secured loan	S+		7.25%	12/2030	45,600	—	45,427		45,030
								67,321		66,455		0.9	%
Total controlled/affiliated debt company investments								$	461,787	$	448,099	6.4	%
Total controlled/affiliated misc. debt commitments(22)(23)(Note 8)								$	—	$	(108)	—	%
Total controlled/affiliated debt portfolio company investments								$	461,787	$	447,991	6.4	%

Equity Investments
Advertising and media
New PLI Holdings, LLC (dba PLI)(3)(4)(29)(30)	Class A Common Units	N/A			N/A	—	86,745	48,007		87,890
								48,007		87,890		1.2	%
Asset based lending and fund finance
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(3)(4)(22)(29)(30)(31)	Specialty finance equity investment	N/A			N/A	31,923	—	32,417		39,597
AAM Series 2.1 Aviation Feeder, LLC(3)(4)(29)(30)(31)	Specialty finance equity investment	N/A			N/A	36,050	—	37,066		55,378
Wingspire Capital Holdings LLC(3)(4)(26)(30)	Specialty finance equity investment	N/A			N/A	—	89,576,091	504,552		607,054
								574,035		702,029		10.0	%
Buildings and real estate
OWL-HP FINANCE LLC(3)(5)(22)(26)(29)(30)(31)	Specialty finance equity investment	N/A			N/A	40,923	—	40,924		40,871
								40,924		40,871

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par	Shares/Units	Amortized Cost(2)(27)		Fair Value		% of Net Assets
Distribution
PS Op Holdings LLC (fka QC Supply, LLC)(4)(29)(30)	Class A Common Units	N/A			N/A	—	248,271	4,300		—
								4,300		—		—	%



Infrastructure and environmental services
Eagle Infrastructure Services, LLC(4)(29)(30)	Common Units	N/A			N/A	—	576,276	24,058		101,676
								24,058		101,676		1.4	%
Insurance
Fifth Season Investments LLC(3)(4)(30)	Specialty finance equity investment	N/A			N/A	—	27	264,925		302,656
								264,925		302,656		4.3	%
Joint ventures
Blue Owl Credit SLF LLC(3)(5)(26)(30)(31)	LLC interest	N/A			N/A	427,085	—	431,933		389,815
Blue Owl Leasing LLC(3)(5)(26)(29)(30)(31)	LLC Interest	N/A			N/A	860	—	860		865
								432,793		390,680		5.6	%
Pharmaceuticals
LSI Financing LLC(3)(5)(22)(30)(31)	Specialty finance equity investment	N/A			N/A	237,107	—	236,777		257,937
								236,777		257,937		3.7	%
Specialty retail
Notorious Purchaser II, Inc. (dba Beauty Industry Group)(3)(4)(29)(30)	Class B Common Stock	N/A			N/A	—	3,440	41,971		40,691
								41,971		40,691		0.6	%
Total controlled/affiliated equity company investments								$	1,667,790	$	1,924,430	27.4	%
Total controlled/affiliated portfolio company investments								$	2,129,577	$	2,372,421	33.7	%
Total Investments								$	15,113,516	$	14,955,049	212.7	%

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


Interest Rate Swaps as of June 30, 2026
	Company Receives	Company Pays	Counterparty(a)	Maturity Date	Notional Amount		Fair Value		Upfront Payments/Receipts		Unrealized Appreciation (Depreciation)(b)		Hedged Instrument	Footnote Reference
Interest rate swap	2.63%	S - 0.907%	Deutsche Bank AG	1/15/2027	$	500,000	$	(1,128)	$	—	$	(1,128)	2027 Notes	Notes 5 and 7
Interest rate swap	5.95%	S + 2.255%	Goldman Sachs Bank USA	2/15/2029	600,000		(6,739)		—		(6,739)		2029 Notes	Notes 5 and 7
Interest rate swap	5.95%	S + 1.922%	Goldman Sachs Bank USA	2/15/2029	400,000		(295)		—		(295)		2029 Notes	Notes 5 and 7
Interest rate swap	6.20%	S + 2.392%	Deutsche Bank AG	7/15/2030	500,000		(4,353)		—		(4,353)		2030 Notes	Notes 5 and 7
Interest rate swap	6.45%	S + 2.664%	Royal Bank of Canada	9/15/2028	400,000		(3,644)		—		(3,644)		September 2028 Notes	Notes 5 and 7
Interest rate swap	6.30%	S + 2.209%	SMBC Capital Markets, Inc.	8/15/2031	400,000		1,147		—		1,147		2031 Notes	Notes 5 and 7
Total					$	2,800,000	$	(15,012)			$	(15,012)

_______________

(a) The Company maintains International Swaps and Derivatives Association (“ISDA”) contracts with its derivatives counterparties.

(b) Amounts are presented in accordance with Regulation S-X 17 CFR § 210.12-13C. Refer to “Note 7 — Derivative Instruments” for additional details on the Company’s interest rate swaps.


	Forward Contracts as of June 30, 2026
	Notional Amount to be Purchased		Notional Amount to be Sold		Counterparty(a)	Maturity Date	Unrealized Appreciation / (Depreciation)(b)
Foreign currency forward contract	$	116,749	£	86,225	Goldman Sachs Bank USA	7/20/2026	$	2,398
Foreign currency forward contract	$	247,519	€	208,670	Goldman Sachs Bank USA	7/17/2026	8,998
Foreign currency forward contract	$	1,491	A$	2,080	Goldman Sachs Bank USA	7/20/2026	52
Foreign currency forward contract	€	14,100	$	16,376	Goldman Sachs Bank USA	7/17/2026	(260)
Foreign currency forward contract	£	1,081	$	1,474	Goldman Sachs Bank USA	7/20/2026	(41)
Foreign currency forward contract	$	20,016	£	14,775	SMBC Capital Markets, Inc.	7/20/2026	421
Foreign currency forward contract	$	6,296	€	5,301	SMBC Capital Markets, Inc.	7/17/2026	237
Foreign currency forward contract	$	2,186	C$	2,967	Royal Bank of Canada	10/13/2026	85
Foreign currency forward contract	$	81,237	C$	111,549	Royal Bank of Canada	10/13/2026	2,268
Total							$	14,158

_______________

(a) The Company maintains ISDA contracts with its derivatives counterparties.

(b) Amounts are presented in accordance with Regulation S-X 17 CFR § 210.12-13B. Refer to “Note 7 — Derivative Instruments” for additional details on the Company’s foreign currency forward contracts.

_______________

(1)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 30 for additional information on the Company’s 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)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.”

(4)These investments were valued using unobservable inputs and are considered Level 3 investments.

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

(6)Investment contains a fixed-rate structure.

(7)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-, six- or twelve-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include one-, three- or six-month EURIBOR), Canadian Overnight Repo Rate Average (“CORRA” or “C”) (which can include one- or three-month CORRA), SONIA (“SONIA” or “SA”), Australian Bank Bill Swap Bid Rate (“BBSY” or “B”) (which can include one-, three-, or six-month BBSY) or an alternate base rate (which can include

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)

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.

(8)The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2026 was 3.65%.

(9)The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2026 was 3.73%.

(10)The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2026 was 3.85%.

(11)Reserved.

(12)The interest rate on these loans is subject to Prime, which as of June 30, 2026 was 6.75%.

(13)The interest rate on this loan is subject to 1 month EURIBOR, which as of June 30, 2026 was 2.20%.

(14)The interest rate on this loan is subject to 3 month EURIBOR, which as of June 30, 2026 was 2.32%.

(15)The interest rate on this loan is subject to 6 month EURIBOR, which as of June 30, 2026 was 2.57%.

(16)Reserved.

(17)The interest rate on this loan is subject to 3 month BBSY, which as of June 30, 2026 was 4.46%.

(18)Reserved.

(19)The interest rate on this loan is subject to SONIA, which as of June 30, 2026 was 3.73%.

(20)Reserved.

(21)The interest rate on these loans is subject to 3 month CORRA, which as of June 30, 2026 was 2.29%.

(22)Position or portion thereof is a partially unfunded debt or equity commitment. See “Note 8 — Commitments and Contingencies.”


					Unfunded
Company	Commitment Type	Commitment Expiration Date	Funded Commitment		Commitment		Fair Value(23)
Non-controlled/non-affiliated - debt commitments
Aerosmith Bidco 1 Limited (dba Audiotonix)	First lien senior secured delayed draw term loan	7/2027	$	—	$	20,679	$	—
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured delayed draw term loan	9/2026	340		1,170		—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	6/2029	—		143		(1)
Arctic US Bidco, Inc. (dba ThermoSafe)	First lien senior secured delayed draw term loan	11/2027	—		20,833		—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured delayed draw term loan	7/2027	—		2,940		—
Associations, Inc.	First lien senior secured delayed draw term loan	7/2028	12,624		11,343		—
Brightway Holdings, LLC	First lien senior secured delayed draw term loan	7/2027	632		5,050		—
Caris Life Sciences, Inc.	First lien senior secured delayed draw term loan	4/2027	—		14,786		(37)
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)	First lien senior secured delayed draw term loan	1/2027	111		8,843		—
CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)	First lien senior secured delayed draw term loan	9/2027	1,080		7,562		—
CivicPlus, LLC	First lien senior secured delayed draw term loan	5/2027	9,548		6,554		—
Clearwater Analytics Holdings, Inc.	First lien senior secured delayed draw term loan	12/2028	—		7,111		(18)
CMG HoldCo, LLC (dba Crete United)	First lien senior secured delayed draw term loan	7/2027	547		729		(29)
Commander Buyer, Inc. (dba CenExel)	First lien senior secured delayed draw term loan	6/2027	—		15,339		—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	7/2027	590		2,434		—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	8/2027	—		732		(4)

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


				Unfunded
Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)	First lien senior secured delayed draw term loan	1/2028	2,091	12,547	—
DuraServ LLC	First lien senior secured delayed draw term loan	11/2027	—	28,387	(284)
EOS Finco S.A.R.L (dba Netceed)	First lien senior secured delayed draw term loan	7/2027	689	1,045	—
Eternal Buyer, LLC (dba Wedgewood Weddings)	First lien senior secured delayed draw term loan	6/2027	—	7,000	—

GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured delayed draw term loan	5/2027	—	888	(36)
Hercules Borrower, LLC (dba The Vincit Group)	First lien senior secured delayed draw term loan	9/2026	—	6,587	—
Horizon Avionics Buyer, LLC (dba Acron Aviation)	First lien senior secured delayed draw term loan	11/2027	2,523	3,887	—
Indigo Buyer, Inc. (dba Inovar Packaging Group)	First lien senior secured delayed draw term loan	7/2026	5,775	946	—
Indigo Buyer, Inc. (dba Inovar Packaging Group)	First lien senior secured delayed draw term loan	3/2028	—	2,179	—
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	8/2026	—	6,191	—

Jawbreaker Parent, Inc.	First lien senior secured delayed draw term loan	1/2029	—	8,017	(80)
KRIV Acquisition Inc. (dba Riveron)	First lien senior secured delayed draw term loan	9/2027	—	519	—
KRIV Acquisition Inc. (dba Riveron)	First lien senior secured delayed draw term loan	2/2028	—	2,617	—
Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)	First lien senior secured delayed draw term loan	9/2026	138	261	—
Lightbeam Bidco, Inc. (dba Lazer Spot)	First lien senior secured delayed draw term loan	12/2027	602	249	—
Litera Bidco LLC	First lien senior secured delayed draw term loan	11/2026	30,767	2,726	—
Litera Bidco LLC	First lien senior secured delayed draw term loan	5/2027	—	14,154	(248)
MAJCO LLC (dba Big Brand Tire & Service)	First lien senior secured delayed draw term loan	9/2027	18,643	18,147	—
NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.	First lien senior secured EUR delayed draw term loan	3/2027	—	19,862	(99)
Nelipak Holding Company	First lien senior secured delayed draw term loan	3/2027	—	3,566	(18)
Nova Women's Health, Inc.	First lien senior secured delayed draw term loan	7/2027	3,091	16,227	—
NSCALE SERVICES UK LTD	First lien senior secured delayed draw term loan	8/2027	1,397	38,344	—
Onward Acquireco, Inc. (dba OneStream)	First lien senior secured delayed draw term loan	4/2028	—	25,601	(48)
Packaging Coordinators Midco, Inc.	First lien senior secured delayed draw term loan	10/2027	2,547	22,099	(54)
PerkinElmer U.S. LLC	First lien senior secured delayed draw term loan	10/2027	—	4,907	(6)
Plasma Buyer LLC (dba PathGroup)	First lien senior secured delayed draw term loan	3/2027	31	71	—
Premise Health Holding Corp.	First lien senior secured delayed draw term loan	11/2027	3,976	2,664	—
RL Datix Holdings (USA), Inc.	First lien senior secured delayed draw term loan	4/2027	—	12,566	(94)

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


				Unfunded
Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured delayed draw term loan	8/2026	—	3,939	—
Sentinel Buyer Corp. (dba SimpliSafe)	First lien senior secured delayed draw term loan	11/2027	—	3,358	(25)
Severin Acquisition, LLC (dba PowerSchool)	First lien senior secured delayed draw term loan	10/2027	81	233	—
SimonMed, Inc.	First lien senior secured delayed draw term loan	2/2027	68	22	—
Simplicity Financial Marketing Group Holdings, Inc.	First lien senior secured delayed draw term loan	12/2026	10,145	713	—
Smarsh Inc.	First lien senior secured delayed draw term loan	1/2027	42	331	(7)
Soleo Holdings, Inc.	First lien senior secured delayed draw term loan	6/2028	—	13,173	—
Sonny's Enterprises, LLC	First lien senior secured delayed draw term loan	6/2027	17,476	8,317	—
Spaceship Purchaser, Inc. (dba Squarespace)	First lien senior secured delayed draw term loan	10/2027	—	2,492	(44)
Spotless Brands, LLC	First lien senior secured delayed draw term loan	3/2027	11,120	18,356	—
STS PARENT, LLC (dba STS Aviation Group)	First lien senior secured delayed draw term loan	10/2026	—	31,189	(234)
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured delayed draw term loan	7/2027	114	276	—
TBRS, Inc. (dba TEAM Technologies)	First lien senior secured delayed draw term loan	11/2026	—	4,838	—
Themis Solutions Inc. (dba Clio)	First lien senior secured delayed draw term loan	10/2027	—	3,750	(75)
THG Acquisition, LLC (dba Hilb)	First lien senior secured delayed draw term loan	10/2026	6,023	2,101	—
Troon Golf, L.L.C.	First lien senior secured delayed draw term loan	9/2026	6,154	6,248	—
Unified Women's Healthcare, LP	First lien senior secured delayed draw term loan	9/2027	—	331	—
Vensure Employer Services, Inc.	First lien senior secured delayed draw term loan	3/2028	3	249	—
Vessco Midco Holdings, LLC	First lien senior secured delayed draw term loan	7/2026	14,987	254	—
Vessco Midco Holdings, LLC	First lien senior secured delayed draw term loan	5/2028	—	14,139	—
Wipfli Advisory LLC	First lien senior secured delayed draw term loan	4/2028	1,532	7,771	—
Wrench Group LLC	First lien senior secured delayed draw term loan	9/2027	—	12,814	(64)
WU Holdco, Inc. (dba PurposeBuilt Brands)	First lien senior secured delayed draw term loan	4/2027	—	22,823	(57)
Aerosmith Bidco 1 Limited (dba Audiotonix)	First lien senior secured revolving loan	7/2030	—	27,625	—
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured revolving loan	8/2031	—	943	(24)
AmeriLife Holdings LLC	First lien senior secured revolving loan	8/2028	250	750	—
Anaplan, Inc.	First lien senior secured revolving loan	6/2028	—	11,589	(203)
Applied Composites Holdings, LLC (fka AC&A Enterprises Holdings, LLC)*	First lien senior secured revolving loan	7/2027	3,595	—	—
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured revolving loan	1/2031	350	1,180	—

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


				Unfunded
Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
Arctic Holdco, LLC (dba Novvia Group)	First lien senior secured revolving loan	1/2031	1,987	5,111	—
Arctic US Bidco, Inc. (dba ThermoSafe)	First lien senior secured multi-currency revolving loan	11/2032	2,083	4,861	—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured revolving loan	7/2030	—	2,100	(5)
Ascend Buyer, LLC (dba PPC Flexible Packaging)	First lien senior secured revolving loan	9/2028	1,133	6,962	—
Associations, Inc.	First lien senior secured revolving loan	7/2028	—	19,328	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured revolving loan	3/2031	—	1,758	(31)
Baker Tilly Advisory Group, LP	First lien senior secured revolving loan	6/2030	—	15,134	—
Bamboo US BidCo LLC	First lien senior secured revolving loan	10/2029	538	1,000	—
Bayshore Intermediate #2, L.P. (dba Boomi)	First lien senior secured revolving loan	10/2027	3,605	3,782	—
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured revolving loan	8/2028	14,454	4,770	—
Belmont Buyer, Inc. (dba Valenz)	First lien senior secured revolving loan	6/2029	116	320	—
Blast Bidco Inc. (dba Bazooka Candy Brands)	First lien senior secured revolving loan	10/2029	—	4,440	(22)
BP Veraison Buyer, LLC (dba Sun World)	First lien senior secured revolving loan	5/2029	—	27,932	—
Brightway Holdings, LLC	First lien senior secured revolving loan	12/2029	—	5,263	—
Bristol Hospice L.L.C.	First lien senior secured revolving loan	8/2032	—	4,007	—
By Light Professional IT Services LLC	First lien senior secured revolving loan	7/2031	1,589	1,589	—
Cambrex Corporation	First lien senior secured revolving loan	3/2032	29	73	—
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured revolving loan	8/2027	—	1,674	(75)
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)	First lien senior secured revolving loan	6/2029	—	2,239	—
CHA Vision Holdings, Inc. (fka FR Vision Holdings, Inc.)	First lien senior secured revolving loan	1/2030	288	2,594	—
CivicPlus, LLC	First lien senior secured revolving loan	8/2030	—	4,795	(96)
Clearwater Analytics Holdings, Inc.	First lien senior secured revolving loan	6/2033	—	4,622	(23)
CMG HoldCo, LLC (dba Crete United)	First lien senior secured revolving loan	11/2030	88	193	—
Commander Buyer, Inc. (dba CenExel)	First lien senior secured revolving loan	6/2032	—	10,226	(51)
Coupa Holdings, LLC	First lien senior secured revolving loan	2/2029	72	36	—
Creek Parent, Inc. (dba Catalent)	First lien senior secured revolving loan	12/2031	—	16,401	(123)
Crewline Buyer, Inc. (dba New Relic)	First lien senior secured revolving loan	11/2030	—	14,729	(331)
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured revolving loan	8/2031	—	7,573	—
DCG ACQUISITION CORP. (dba DuBois Chemical)	First lien senior secured revolving loan	6/2031	—	11,816	(177)
Diamond Mezzanine 24 LLC (dba United Risk)*	First lien senior secured revolving loan	10/2030	1,161	—	—
Deerfield Dakota Holdings	First lien senior secured revolving loan	9/2032	3,947	6,818	—
Denali Intermediate Holdings, Inc. (dba Dun & Bradstreet)	First lien senior secured revolving loan	8/2032	1,393	6,344	—
dentalcorp Health Services Ltd. (fka Aryeh Bidco Investment Ltd.)	First lien senior secured revolving loan	1/2033	1,255	9,201	—
Dresser Utility Solutions, LLC	First lien senior secured revolving loan	3/2029	—	8,829	—

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


				Unfunded
Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
DuraServ LLC	First lien senior secured revolving loan	6/2030	6,334	11,260	—
Eagle Family Foods Group LLC	First lien senior secured revolving loan	8/2030	—	216	(1)
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured revolving loan	11/2029	—	2,409	(36)
Einstein Parent, Inc. (dba Smartsheet)	First lien senior secured revolving loan	1/2031	—	4,488	(79)
Essential Services Holding Corporation (dba Turnpoint)	First lien senior secured revolving loan	6/2030	1,360	1,731	—
Eternal Buyer, LLC (dba Wedgewood Weddings)	First lien senior secured revolving loan	6/2032	—	7,000	(35)
Evolution BuyerCo, Inc. (dba SIAA)	First lien senior secured revolving loan	4/2030	—	23	—
Fiesta Purchaser, Inc. (dba Shearer's Foods)	First lien senior secured revolving loan	2/2029	1,831	6,366	—
Flexera Software LLC	First lien senior secured revolving loan	8/2032	—	1,348	(34)
Fortis Solutions Group, LLC	First lien senior secured revolving loan	10/2027	1,986	1,625	—
Foundation Consumer Brands, LLC	First lien senior secured revolving loan	2/2029	—	4,610	—
Gainsight, Inc.	First lien senior secured revolving loan	7/2027	—	4,152	(52)
Galls, LLC	First lien senior secured revolving loan	3/2030	10,923	4,301	—
Gaylord Chemical Company, L.L.C.	First lien senior secured revolving loan	12/2027	7,165	9,119	—
Gerson Lehrman Group, Inc.	First lien senior secured revolving loan	12/2028	—	7,595	(114)
GI Apple Midco LLC (dba Atlas Technical Consultants)	First lien senior secured revolving loan	4/2029	74	37	—
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured revolving loan	10/2027	1,191	851	—
Granicus, Inc.	First lien senior secured revolving loan	1/2031	197	2,270	—
GS Acquisitionco, Inc. (dba insightsoftware)*	First lien senior secured revolving loan	5/2028	247	—	—
H&F Opportunities LUX III S.À R.L (dba Checkmarx)	First lien senior secured revolving loan	4/2028	—	2,199	(33)
Hercules Borrower, LLC (dba The Vincit Group)	First lien senior secured revolving loan	12/2028	—	10,202	—
HGH Purchaser, Inc. (dba Horizon Services)	First lien senior secured revolving loan	11/2028	13,454	3,177	—
Hissho Parent, LLC	First lien senior secured revolving loan	5/2029	—	2,291	—
Horizon Avionics Buyer, LLC (dba Acron Aviation)	First lien senior secured revolving loan	3/2032	1,686	1,519	—
Hyland Software, Inc.	First lien senior secured revolving loan	9/2029	—	3,198	(96)
Icefall Parent, Inc. (dba EngageSmart)	First lien senior secured revolving loan	1/2030	—	511	(4)
IG Investments Holdings, LLC (dba Insight Global)	First lien senior secured revolving loan	9/2028	—	11,989	—
Indigo Buyer, Inc. (dba Inovar Packaging Group)	First lien senior secured revolving loan	5/2028	—	193	—
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured revolving loan	6/2030	1,753	334	—
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	8/2028	—	4,599	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured revolving loan	3/2028	—	5,642	(42)
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))	First lien senior secured revolving loan	12/2028	—	4,007	(30)
Jawbreaker Parent, Inc.	First lien senior secured revolving loan	1/2033	—	8,017	(120)
JS Parent, Inc. (dba Jama Software)	First lien senior secured revolving loan	4/2031	—	88	—

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


				Unfunded
Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
Klick Inc.	First lien senior secured revolving loan	11/2031	—	7,216	(36)
KRIV Acquisition Inc. (dba Riveron)	First lien senior secured revolving loan	7/2031	578	867	—
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)	First lien senior secured revolving loan	12/2029	—	15,542	(78)
Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)	First lien senior secured revolving loan	9/2029	—	67	—
Lightbeam Bidco, Inc. (dba Lazer Spot)	First lien senior secured revolving loan	5/2029	—	476	(2)
Lignetics Investment Corp.	First lien senior secured revolving loan	3/2028	5,880	6,166	—
Litera Bidco LLC	First lien senior secured revolving loan	5/2028	—	8,056	(141)
MAJCO LLC (dba Big Brand Tire & Service)	First lien senior secured revolving loan	9/2032	—	10,511	(158)
Maple Acquisition, LLC (dba Medicus)	First lien senior secured revolving loan	5/2030	—	11,682	—
Mario Purchaser, LLC (dba Len the Plumber)	First lien senior secured revolving loan	4/2028	761	1,173	—
Matterhorn Finco, Inc. (dba Nexthink)	First lien senior secured revolving loan	3/2033	—	5,302	(27)
MHE Intermediate Holdings, LLC (dba OnPoint Group)	First lien senior secured revolving loan	7/2027	11,464	7,643	—
Milan Laser Holdings LLC	First lien senior secured revolving loan	4/2027	—	8,112	(20)
Ministry Brands Holdings, LLC	First lien senior secured revolving loan	12/2027	—	1,076	(27)
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured revolving loan	6/2030	—	17,308	(43)
Modernizing Medicine, Inc. (dba ModMed)	First lien senior secured revolving loan	4/2032	—	71	—
Monotype Imaging Holdings Inc.	First lien senior secured revolving loan	2/2030	—	17,932	(269)
National Dentex Labs LLC (fka Barracuda Dental LLC)	First lien senior secured revolving loan	7/2026	12,335	109	—
Natural Partners, LLC	First lien senior secured revolving loan	11/2030	—	469	—
NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.	First lien senior secured EUR revolving loan	3/2031	—	3,706	(46)
Nelipak Holding Company	First lien senior secured revolving loan	3/2031	—	6,993	(87)
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured revolving loan	9/2028	1,567	522	—
Norvax, LLC (dba GoHealth)*	First lien senior secured revolving loan	8/2029	4,184	—	—
Nova Women's Health, Inc.	First lien senior secured revolving loan	1/2032	—	1,545	(8)
OB Hospitalist Group, Inc.	First lien senior secured revolving loan	1/2031	2,005	13,418	—
Offen, Inc.	First lien senior secured revolving loan	7/2029	—	1,977	(25)
Ole Smoky Distillery, LLC	First lien senior secured revolving loan	3/2028	—	116	(10)
Onward Acquireco, Inc. (dba OneStream)	First lien senior secured revolving loan	4/2033	—	10,666	(40)
Packaging Coordinators Midco, Inc.	First lien senior secured revolving loan	10/2032	—	16,889	(169)
Paris US Holdco, Inc. (dba Precinmac)	First lien senior secured revolving loan	12/2031	275	3,397	—
Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.)	First lien senior secured revolving loan	1/2028	—	14,863	—
Plasma Buyer LLC (dba PathGroup)*	First lien senior secured revolving loan	5/2028	163	—	—
PDI TA Holdings, Inc.*	First lien senior secured revolving loan	2/2031	1,824	—	—
Peachtree Buyer, Inc. (dba Pond & Company)	First lien senior secured revolving loan	12/2032	276	1,566	—
PetVet Care Centers, LLC	First lien senior secured revolving loan	11/2029	5,490	12,809	—

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


				Unfunded
Company	Commitment Type	Commitment Expiration Date	Funded Commitment	Commitment	Fair Value(23)
PPV Intermediate Holdings, LLC	First lien senior secured revolving loan	8/2029	728	1,353	—
Premise Health Holding Corp.	First lien senior secured revolving loan	11/2031	—	8,571	(129)
Puma Buyer, LLC (dba PANTHERx)	First lien senior secured revolving loan	3/2032	—	208	—
QAD, Inc.	First lien senior secured revolving loan	11/2027	—	9,119	(91)
Quva Pharma, Inc.	First lien senior secured revolving loan	4/2028	—	5,182	(130)
Rhea Parent, Inc.	First lien senior secured revolving loan	12/2030	—	4,446	(44)
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	10/2030	—	11,003	(193)
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured revolving loan	5/2031	—	3,939	—
Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)	First lien senior secured revolving loan	7/2027	6,934	2,066	—
Securonix, Inc.	First lien senior secured revolving loan	4/2028	102	203	—
Senderra RX Acquisition, LLC	First lien senior secured revolving loan	3/2033	462	4,154	—
Sensor Technology Topco, Inc. (dba Humanetics)	First lien senior secured revolving loan	5/2028	969	6,300	—
Severin Acquisition, LLC (dba PowerSchool)	First lien senior secured revolving loan	10/2031	94	94	—
SimonMed, Inc.	First lien senior secured revolving loan	2/2031	33	27	—
Simplicity Financial Marketing Group Holdings, Inc.	First lien senior secured revolving loan	12/2031	—	5,464	(68)
Smarsh Inc.	First lien senior secured revolving loan	2/2029	114	85	—
Soleo Holdings, Inc.	First lien senior secured revolving loan	2/2032	—	8,595	—
Soliant Lower Intermediate, LLC (dba Soliant)	First lien senior secured revolving loan	6/2031	—	4,444	(1,207)
Sonny's Enterprises, LLC	First lien senior secured revolving loan	8/2027	17,776	4,408	—
Spaceship Purchaser, Inc. (dba Squarespace)	First lien senior secured revolving loan	10/2031	—	2,076	(47)
Spotless Brands, LLC	First lien senior secured revolving loan	7/2028	—	2,610	—
STS PARENT, LLC (dba STS Aviation Group)	First lien senior secured revolving loan	10/2030	9,824	2,651	—
SWK BUYER, Inc. (dba Stonewall Kitchen)	First lien senior secured revolving loan	3/2029	77	63	—
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	3/2029	—	207	(4)
TBRS, Inc. (dba TEAM Technologies)	First lien senior secured revolving loan	11/2030	442	5,087	—
Themis Solutions Inc. (dba Clio)	First lien senior secured revolving loan	10/2032	—	3,125	(63)
THG Acquisition, LLC (dba Hilb)	First lien senior secured revolving loan	10/2031	1,002	3,076	—
Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	6/2027	—	7,903	(138)
Troon Golf, L.L.C.	First lien senior secured revolving loan	8/2028	—	6,248	—
Truist Insurance Holdings, LLC	First lien senior secured revolving loan	5/2029	51	1,704	—
Unified Women's Healthcare, LP	First lien senior secured revolving loan	6/2029	—	159	(1)
USRP Holdings, Inc. (dba U.S. Retirement and Benefits Partners)	First lien senior secured revolving loan	12/2029	—	5,266	—
Valeris, Inc. (fka Phantom Purchaser, Inc.)	First lien senior secured revolving loan	9/2031	—	5,443	(14)
Vessco Midco Holdings, LLC	First lien senior secured revolving loan	7/2031	—	5,080	—
Vital Bidco AB (dba Vitamin Well)	First lien senior secured revolving loan	10/2030	—	14,522	—
Wipfli Advisory LLC	First lien senior secured revolving loan	10/2032	—	6,202	(47)
Wrench Group LLC	First lien senior secured revolving loan	9/2031	—	12,814	(128)

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


					Unfunded
Company	Commitment Type	Commitment Expiration Date	Funded Commitment		Commitment		Fair Value(23)
WU Holdco, Inc. (dba PurposeBuilt Brands)	First lien senior secured revolving loan	4/2032	—		7,100		(36)
Zendesk, Inc.	First lien senior secured revolving loan	11/2028	—		9,557		(311)




























Total non-controlled/non-affiliated - debt commitments			$	337,031	$	1,320,992	$	(7,236)
Non-controlled/non-affiliated - equity commitments
Percheron Horsepower-A LP (dba Big Brand Tire & Service)	LP Interest	N/A	$	12,246	$	1,967	$	—
Polar Investors LP (dba Dentalcorp)	Common equity	N/A	3,409		852		—
Valor CI Blocker Feeder LP	Investment partnership	N/A	4,184		339		—
Total non-controlled/non-affiliated - equity commitments			$	19,839	$	3,158	$	—
Non-controlled/affiliated - debt commitments
Pluralsight, LLC	First lien senior secured delayed draw term loan	8/2029	$	—	$	9,524	$	(1,000)
Pluralsight, LLC	First lien senior secured revolving loan	8/2029	—		3,810		(400)


Total non-controlled/affiliated - debt commitments			$	—	$	13,334	$	(1,400)
Controlled/affiliated - debt commitments


Notorious Topco, LLC (dba Beauty Industry Group)	First lien senior secured revolving loan	12/2030	$	—	$	8,601	$	(108)
PS Operating Company LLC (fka QC Supply, LLC)	First lien senior secured revolving loan	6/2028	4,760		1,335		—
Swipe Acquisition Corporation (dba PLI)	First lien senior secured revolving loan	11/2027	18,464		4,672		—


Total controlled/affiliated - debt commitments			$	23,224	$	14,608	$	(108)
Controlled/affiliated - equity commitments
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	Specialty finance equity investment	N/A	$	31,923	$	30,663	$	—
LSI Financing LLC	Specialty finance equity investment	N/A	237,107		60,225		—
OWL-HP FINANCE LLC	Specialty finance equity investment	N/A	40,923		43,577		—

Total controlled/affiliated - equity commitments			$	309,953	$	134,465	$	—
Total Portfolio Company Commitments			$	690,047	$	1,486,557	$	(8,744)

*Fully funded

(23)The negative cost and fair value results from unamortized fees, which are capitalized to the investment cost of unfunded commitments.

(24)As defined in the 1940 Act, the Company is deemed to “control” a portfolio company if the Company owns more than 25% of the portfolio company's voting securities or has the power to exercise control over management or policies, including through a management agreement. As defined in the 1940 Act, the Company is an “affiliated person” of this portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. Transactions related to the Company’s investments in non-controlled affiliates and controlled affiliates for the six months ended June 30, 2026, were as follows:

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)


Company	Fair value as of December 31, 2025		Gross Additions (a)		Gross Reductions(b)		Net Change in Unrealized Gains (Losses)		Realized Gains (Losses)		Fair value as of June 30, 2026		Interest and PIK Income		Dividend Income		Other Income
Non - Controlled Affiliates
LSI Financing 1 DAC	$	6,657	$	—	$	(1,486)	$	25	$	—	$	5,196	$	—	$	244	$	—
Ideal Image Development, LLC	1,398		2,873		(3,323)		36,847		(37,795)		—		—		—		—
Paradigmatic Holdco LLC (dba Pluralsight)	44,210		207		(114)		(22,593)		—		21,710		959		—		50
Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)	61,927		54,101		—		(188)		—		115,840		—		6,526		—
Total	$	114,192	$	57,181	$	(4,923)	$	14,091	$	(37,795)	$	142,746	$	959	$	6,770	$	50

Controlled Affiliates	Fair value as of December 31, 2025		Gross Additions (a)		Gross Reductions(b)		Net Change in Unrealized Gains (Losses)		Realized Gains (Losses)		Fair value as of June 30, 2026		Interest and PIK Income		Dividend Income		Other Income
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(d)	$	109,070	$	2,550	$	(558)	$	(1,955)	$	—	$	109,107	$	4,187	$	—	$	—
AAM Series 2.1 Aviation Feeder, LLC(d)	143,157		15,001		(286)		(750)		—		157,122		5,620		—		—
Blue Owl Credit SLF LLC(c)	415,248		10,580		—		(36,013)		—		389,815		—		19,253		—
OWL-HP FINANCE LLC	—		41,272		(349)		(52)		—		40,871		—		—		—
Blue Owl Leasing LLC(c)	857		—		—		8		—		865		—		4		—
Eagle Infrastructure Services, LLC	145,522		181		—		43,111		—		188,814		5,148		4,015		26
Fifth Season Investments LLC	403,170		1,389		(101,056)		(847)		—		302,656		—		16,833		—
LSI Financing LLC	210,634		67,711		(25,437)		5,029		—		257,937		—		14,000		—
New PLI Holdings, LLC (dba PLI)	202,312		5,261		—		674		—		208,247		6,286		2,225		51
Notorious Holdings LLC (dba Beauty Industry Group)	105,151		4,069		—		(2,182)		—		107,038		3,825		—		484
PS Operating Company LLC (fka QC Supply, LLC)	4,154		331		(166)		(1,424)		—		2,895		—		—		—
Walker Edison Furniture Company LLC	15,087		2,555		(16,687)		61,433		(62,388)		—		—		—		—
Wingspire Capital Holdings LLC	607,284		4,000		—		(4,230)		—		607,054		—		26,537		—
Total	$	2,361,646	$	154,900	$	(144,539)	$	62,802	$	(62,388)	$	2,372,421	$	25,066	$	82,867	$	561

_______________

(a)Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to 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 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.

(c)For further description of the Company's investment in Blue Owl Credit SLF LLC (“Credit SLF”) and Blue Owl Leasing LLC (“Blue Owl Leasing”), 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.

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)

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

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

(27)As of June 30, 2026, the net estimated unrealized loss for U.S. federal income tax purposes was $274.6 million based on a tax cost basis of $15.23 billion. As of June 30, 2026, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $748.9 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $474.3 million.

(28)Loan was on non-accrual status as of June 30, 2026.

(29)Non-income producing.

(30)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, 2026, the aggregate fair value of these securities is $2.79 billion or 39.7% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

Portfolio Company

Investment

Acquisition Date

AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC*

Specialty finance equity investment

July, 2022

AAM Series 2.1 Aviation Feeder, LLC*

Specialty finance equity investment

July, 2022

Accelerate Topco Holdings, LLC

Common Units

September, 2022

Alphasense, LLC

Series E Preferred Shares

June, 2024

Amergin Asset Management, LLC

Specialty finance equity investment

July, 2022

ASP Conair Holdings LP

Class A Units

May, 2021

Baypine Commander Co-Invest, LP

LP Interest

June, 2025

BEHP Co-Investor II, L.P.

LP Interest

May, 2022

Bird Holding B.V. (fka MessageBird Holding B.V.)

Extended Series C Warrants

May, 2021

Blend Labs, Inc.

Warrants

July, 2021

Blue Owl Credit SLF LLC**

LLC Interest

August, 2024

Blue Owl Leasing LLC**

LLC Interest

June, 2025

Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC)*

Specialty finance equity investment

August, 2025

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

Common Units

October, 2021

Capital Integration Systems LLC (dba CAIS)

Class D Common Units

February, 2026

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

LP Interest

December, 2021

Dodge Construction Network Holdings, L.P.

Class A-2 Common Units

February, 2022

Dodge Construction Network Holdings, L.P.

Series A Preferred Units

February, 2022

Eagle Infrastructure Services, LLC

Common Units

March, 2023

Elliott Alto Co-Investor Aggregator L.P.

LP Interest

September, 2022

Evolution Parent, LP (dba SIAA)

LP Interest

April, 2021

Equity NewCo S.A. (dba Netceed)

Common Equity

January, 2026

Fifth Season Investments LLC*

Specialty finance equity investment

July, 2022

Gloves Holdings, LP (dba Protective Industrial Products)

LP Interest

December, 2020

GoHealth, Inc.

Common stock

August, 2025

GrowthCurve Capital Sunrise Co-Invest LP (dba Brightway)

LP Interest

December, 2021

GT Silver Co-Invest SCSp

LP Interest

April, 2026

Hercules Buyer, LLC (dba The Vincit Group)

Common Units

December, 2020

Hissho Sushi Holdings, LLC

Class A units

May, 2022

Hockey Parent Holdings, L.P.

Class A Common Units

September, 2023

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

LP Interest

June, 2022

Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)

Perpetual Preferred Stock

June, 2022

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

Class A Interests

September, 2021

KPCI Co-Invest 2, L.P.

Class A Units

October, 2025

KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)

Class A Interest

November, 2023

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)

Portfolio Company

Investment

Acquisition Date

LSI Financing 1 DAC*

Specialty finance equity investment

December, 2022

LSI Financing LLC*

Specialty finance equity investment

November, 2024

Maia Aggregator, LP

Class A-2 Units

February, 2022

Minerva Holdco, Inc.

Senior A Preferred Stock

February, 2022

ModMed Software Midco Holdings, Inc. (dba ModMed)

Series A Preferred Units

April, 2025

New PLI Holdings, LLC (dba PLI)

Class A Common Units

December, 2020

Nova Women’s Health Partners Holdings, LP

Class A Units

January, 2026

Notorious Purchaser II, Inc. (dba Beauty Industry Group)

Class B Common Stock

December, 2025

Nscale Limited

Preferred equity

September, 2025

Nscale Limited

Series B Preferred Shares

September, 2025

OWL-HP FINANCE LLC*

Specialty finance equity investment

February, 2026

Paradigmatic Holdco LLC (dba Pluralsight)

Common stock

August, 2024

Patriot Holdings SCSp (dba Corza Health, Inc.)

Class B Units

January, 2021

Patriot Holdings SCSp (dba Corza Health, Inc.)

Class A Units

January, 2021

PCF Holdco, LLC (dba Trucordia)

Preferred equity

February, 2023

PCF Holdco, LLC (dba Trucordia)

Warrants

February, 2023

Percheron Horsepower-A LP (dba Big Brand Tire & Service)

LP Interest

September, 2025

Polar Investors LP (dba Dentalcorp)

Common Equity

January, 2026

Project Alpine Co-Invest Fund, LP

LP Interest

June, 2022

PS Op Holdings LLC (fka QC Supply, LLC)

Class A Common Units

December, 2021

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

LP Interest

August, 2022

Rhea Acquisition Holdings, LP

Series A-2 Units

February, 2022

Rome Topco Holdings, LLC (dba SimpliSafe)

Class A Units

November, 2025

Rome Topco Holdings, LLC (dba SimpliSafe)

Class B Units

November, 2025

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

Series A Preferred Stock

November, 2023

Snowbird Manager LP

LP Interest

December, 2025

Space Exploration Technologies Corp.

Class A Common Stock

March, 2021

Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)

Series A Preferred Stock

October, 2021

TCB Holdings I LLC (dba TricorBraun)

Class A Preferred Units

January, 2025

Thunder Topco L.P. (dba Vector Solutions)

Common Units

June, 2021

Valor CI Blocker Feeder LP

LP Interest

October, 2025

VCI Intermediate TopCo 1 LLC

Class B Units

November, 2025

VEPF VIII Co-Invest 8-A, L.P.

LP Interest

March, 2026

Walker Edison Holdco LLC

Common Units

March, 2023

Windows Entities

LLC Units

January, 2020

Wingspire Capital Holdings LLC*

Specialty finance equity investment

September, 2019

WMC Bidco, Inc. (dba West Monroe)

Senior Preferred Stock

November, 2021

WP Irving Co-Invest, L.P.

Partnership Units

May, 2022

WP Silver Co-Invest, L.P.

LP Interest

April, 2026

XOMA Corporation

Warrants

December, 2023

Zoro TopCo, Inc.

Series A Preferred Equity

November, 2022

Zoro TopCo, L.P.

Class A Common Units

November, 2022

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

** Refer to “Note 4 — Investments – Credit SLF LLC and Blue Owl Leasing” for further information.

(31)This portfolio company is not a qualifying asset under Section 55(a) of 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, 2026, non-qualifying assets represented 16.4% of total assets as calculated in accordance with the regulatory requirements.

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of June 30, 2026

(Amounts in thousands, except share amounts)
(Unaudited)

(32)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 $23.2 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, 2026. Greater Toronto Custom Windows, Corp. is considered a non-qualifying asset.

(33)The Company invests 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.

(34)Blue Owl Cross-Strategy Opportunities 2025-1 LLC (fka Blue Owl Cross-Strategy Opportunities LLC) (“BOCSO”) was formed to hold alternative credit assets, including asset-based finance (“ABF”). ABF is a subsector of private credit focused on generating income from pools of financial, physical or other assets. As of June 30, 2026, the portfolio consists of five investments totaling $1.25 billion and $1.24 billion at cost and fair value, respectively, and ranging in cost from $24.9 million to $454.4 million and with a fair value ranging from $24.9 million to $450.6 million. The largest investment is 36.3% of the total cost of BOCSO's portfolio. As of June 30, 2026, the portfolio asset class composition was 71.7% ABF - Specialty finance, 26.3% ABF - Leasing, and 2.0% ABF - Commercial Real Estate.

(35)The Company may be entitled to receive additional interest as a result of an arrangement with other lenders in the syndication. In exchange for the higher interest rate, the “last-out” portion is at a greater risk of loss.

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

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)		Fair Value		% of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments(7)
Advertising and media
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(3)(4)(8)	First lien senior secured loan	S+	4.25%		12/2029	$	42,404	$	42,058	$	42,404
Monotype Imaging Holdings Inc.(3)(4)(8)(22)	First lien senior secured loan	S+	5.25%		2/2031	151,694		150,274		151,694
								192,332		194,098		2.6	%
Aerospace and defense
Applied Composites Holdings, LLC (fka AC&A Enterprises Holdings, LLC)(3)(4)(9)	First lien senior secured loan	S+	0.84%	5.66%	7/2027	42,510		33,546		21,467
Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9)	First lien senior secured loan	S+	4.75%		3/2032	15,385		15,309		15,308
Horizon Avionics Buyer, LLC (dba Acron Aviation)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	4.39%		3/2032	628		613		612
Peraton Corp.(3)(9)	Second lien senior secured loan	S+	7.75%		2/2029	60,393		57,591		47,294
STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9)	First lien senior secured loan	S+	5.00%		10/2031	114,425		113,463		113,281
STS PARENT, LLC (dba STS Aviation Group)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.00%		10/2030	9,127		9,043		8,999
								229,565		206,961		2.8	%
Asset based lending and fund finance
Hg Genesis 8 Sumoco Limited(3)(4)(19)(31)	Unsecured facility	SA+		7.50%	9/2027	£	12,369	15,375		16,637
Hg Genesis 9 SumoCo Limited(3)(4)(14)(31)	Unsecured facility	E+		6.25%	3/2029	€	53,248	56,596		62,537
Hg Saturn Luchaco Limited(3)(4)(19)(31)	Unsecured facility	SA+		8.25%	3/2027	£	54,489	69,134		73,291
								141,105		152,465		2.1	%
Automotive services
MAJCO LLC (dba Big Brand Tire & Service)(3)(4)(9)(22)	First lien senior secured loan	S+	4.50%		9/2032	75,528		75,038		75,339
Spotless Brands, LLC(3)(4)(10)	First lien senior secured loan	S+	5.75%		7/2028	94,049		92,805		94,049
Spotless Brands, LLC(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	5.00%		7/2028	4,261		4,146		4,135
Spotless Brands, LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.75%		7/2028	522		508		522
								172,497		174,045		2.4	%
Buildings and real estate
Associations Finance, Inc.(3)(4)(6)	Unsecured notes	N/A		14.25%	5/2030	202,868		201,437		202,868
Associations, Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	6.50%		7/2028	446,001		444,229		446,001

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Wrench Group LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		9/2032	100,670		100,087	100,166
Wrench Group LLC(3)(4)(12)	First lien senior secured revolving loan	P+	3.75%		9/2031	2,562		2,485	2,494
								748,238	751,529	10.2	%
Business services
Aurelia Netherlands B.V.(3)(4)(14)(31)	First lien senior secured EUR term loan	E+	4.75%		5/2031	€	64,136	72,487	75,325
CMG HoldCo, LLC (dba Crete United)(3)(4)(10)(22)	First lien senior secured loan	S+	4.50%		11/2030	1,289		1,266	1,285
CoolSys, Inc.(3)(9)	First lien senior secured loan	S+	4.75%		8/2028	11,801		11,628	10,430
DuraServ LLC(3)(4)(8)	First lien senior secured loan	S+	4.75%		6/2031	131,406		130,332	130,092
DuraServ LLC(3)(4)(8)(22)	First lien senior secured revolving loan	S+	4.75%		6/2030	2,397		2,329	2,217
Gainsight, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.75%		7/2027	32,919		32,725	32,919
Hercules Borrower, LLC (dba The Vincit Group)(3)(4)(9)	First lien senior secured loan	S+	4.75%		12/2028	127,350		126,990	127,350
Hercules Buyer, LLC (dba The Vincit Group)(3)(4)(6)(33)	Unsecured notes	N/A		0.48%	12/2029	6,316		6,483	9,117
KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9)	First lien senior secured loan	S+	5.50%		10/2028	43,125		40,077	39,137
KPSKY Acquisition, Inc. (dba BluSky)(3)(4)(9)	First lien senior secured delayed draw term loan	S+	5.75%		10/2028	31		29	28






								424,346	427,900	5.8	%
Chemicals
Advancion Holdings, LLC (fka Aruba Investments Holdings, LLC)(3)(4)(8)	Second lien senior secured loan	S+	7.75%		11/2028	16,500		16,200	14,726
DCG ACQUISITION CORP. (dba DuBois Chemical)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		6/2031	81,400		80,503	80,569
Gaylord Chemical Company, L.L.C.(3)(4)(9)	First lien senior secured loan	S+	5.75%		12/2027	184,108		183,107	183,647
Gaylord Chemical Company, L.L.C.(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.50%		12/2027	10,648		10,635	10,605
Rocket BidCo, Inc. (dba Recochem)(3)(4)(9)(31)	First lien senior secured loan	S+	4.75%		11/2030	260,359		255,616	260,359

								546,061	549,906	7.4	%
Consumer products
Conair Holdings LLC(3)(8)	First lien senior secured loan	S+	3.75%		5/2028	12,409		11,383	6,360
Conair Holdings LLC(3)(4)(8)	Second lien senior secured loan	S+	7.50%		5/2029	161,616		158,772	72,727
Feradyne Outdoors, LLC(3)(4)(9)(28)	First lien senior secured loan	S+		6.75%	5/2028	80,768		78,196	54,518
Foundation Consumer Brands, LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		2/2029	53,171		52,705	52,906

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Lignetics Investment Corp.(3)(4)(9)	First lien senior secured loan	S+	5.75%		11/2027	102,561	101,441	102,304
SWK BUYER, Inc. (dba Stonewall Kitchen)(3)(4)(9)	First lien senior secured loan	S+	5.25%		3/2029	1,456	1,419	1,412
WU Holdco, Inc. (dba PurposeBuilt Brands)(3)(4)(9)	First lien senior secured loan	S+	4.75%		4/2032	94,201	93,969	94,201



							497,885	384,428	5.2	%
Containers and packaging
Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		1/2032	101,369	100,967	101,369
Arctic Holdco, LLC (dba Novvia Group)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.25%		1/2031	1,304	1,273	1,304
Ascend Buyer, LLC (dba PPC Flexible Packaging)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		9/2028	72,236	71,220	72,236
Fortis Solutions Group, LLC(3)(4)(9)	First lien senior secured loan	S+	5.50%		10/2028	35,100	34,244	34,398
Fortis Solutions Group, LLC(3)(4)(9)(22)	First lien senior secured revolving loan	S+	5.30%		10/2027	1,053	1,006	981
Indigo Buyer, Inc. (dba Inovar Packaging Group)(3)(4)(9)(22)	First lien senior secured loan	S+	5.25%		5/2028	11,081	10,962	11,081
Pregis Topco LLC(3)(4)(8)	Second lien senior secured loan	S+	7.75%		8/2029	28,167	27,863	28,167
Pregis Topco LLC(3)(4)(8)	Second lien senior secured loan	S+	6.75%		8/2029	164,333	162,669	164,333
							410,204	413,869	5.6	%
Distribution
ABB/Con-cise Optical Group LLC(3)(4)(9)	First lien senior secured loan	S+	7.50%		2/2028	64,629	64,190	64,144
Endries Acquisition, Inc.(3)(4)(8)	First lien senior secured loan	S+	5.50%		12/2028	128,693	127,726	126,763
Offen, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		7/2030	16,308	16,157	16,145

							208,073	207,052	2.8	%
Education
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)	First lien senior secured loan	S+	2.50%	2.25%	10/2031	1,524	1,498	1,505
Severin Acquisition, LLC (dba PowerSchool)(3)(4)(8)(22)	First lien senior secured delayed draw term loan	S+	4.75%		10/2031	66	65	64
							1,563	1,569	—	%
Energy equipment and services
Dresser Utility Solutions, LLC(3)(4)(8)	First lien senior secured loan	S+	5.25%		3/2029	79,931	79,184	79,931
							79,184	79,931	1.1	%
Financial services
Baker Tilly Advisory Group, LP(3)(4)(8)	First lien senior secured loan	S+	4.75%		6/2031	87,280	86,045	87,280
CCM Midco, LLC (f/k/a Cresset Capital Management, LLC)(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		6/2030	39,660	39,104	39,660

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Continental Finance Company, LLC(3)(4)(8)	First lien senior secured loan	S+	8.00%		3/2029	7,500	7,438	7,444
Deerfield Dakota Holdings(3)(4)(9)	First lien senior secured loan	S+	3.00%	2.75%	9/2032	116,859	116,300	116,275
Finastra USA, Inc.(3)(4)(9)(31)	First lien senior secured loan	S+	7.25%		9/2029	27,688	27,466	27,896
Klarna Holding AB(3)(4)(9)(31)	Subordinated Floating Rate Notes	S+	7.00%		4/2034	1,000	1,000	1,000
KRIV Acquisition Inc. (dba Riveron)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		7/2031	8,156	7,963	8,156
Minotaur Acquisition, Inc. (dba Inspira Financial)(3)(4)(8)	First lien senior secured loan	S+	5.00%		6/2030	255,802	252,824	255,802
NMI Acquisitionco, Inc. (dba Network Merchants)(3)(4)(8)	First lien senior secured loan	S+	4.50%		9/2028	47,673	47,507	47,673
Smarsh Inc.(3)(4)(9)(22)	First lien senior secured loan	S+	4.75%		2/2029	2,066	2,046	2,055
Wipfli Advisory LLC(3)(4)(9)	First lien senior secured loan	S+	4.50%		10/2032	26,231	26,168	26,155
							613,861	619,396	8.4	%
Food and beverage
Balrog Acquisition, Inc. (dba Bakemark)(3)(4)(8)	Second lien senior secured loan	S+	7.00%		9/2029	28,000	27,799	22,540
Blast Bidco Inc. (dba Bazooka Candy Brands)(3)(4)(9)	First lien senior secured loan	S+	6.00%		10/2030	37,394	36,702	37,394
BP Veraison Buyer, LLC (dba Sun World)(3)(4)(9)	First lien senior secured loan	S+	5.25%		5/2029	137,357	136,112	137,357
Eagle Family Foods Group LLC(3)(4)(10)	First lien senior secured loan	S+	5.00%		8/2030	2,427	2,395	2,427
Fiesta Purchaser, Inc. (dba Shearer's Foods)(3)(4)(9)(22)	First lien senior secured revolving loan	S+	2.75%		2/2029	956	956	945
Gehl Foods, LLC(3)(4)(9)	First lien senior secured loan	S+		6.25%	6/2030	105,116	103,921	105,116
Hissho Parent, LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		5/2029	17,134	17,000	17,134
Innovation Ventures HoldCo, LLC (dba 5 Hour Energy)(3)(4)(8)	First lien senior secured loan	S+	6.25%		3/2027	30,922	30,386	30,846
KBP Brands, LLC(3)(4)(9)	First lien senior secured loan	S+	5.50%		5/2027	1,079	1,054	1,057
Ole Smoky Distillery, LLC(3)(4)(8)	First lien senior secured loan	S+	5.50%		3/2028	851	843	806
Rushmore Investment III LLC (dba Winland Foods)(3)(4)(9)	First lien senior secured loan	S+	5.00%		10/2030	357,284	353,680	357,284
Sara Lee Frozen Bakery, LLC (fka KSLB Holdings, LLC)(3)(4)(9)(22)	First lien senior secured loan	S+	5.00%		7/2027	51,943	51,924	51,662
Vital Bidco AB (dba Vitamin Well)(3)(4)(8)(31)	First lien senior secured loan	S+	4.25%		10/2031	61,574	60,573	61,574

							823,345	826,142	11.2	%
Healthcare equipment and services
Arctic US Bidco, Inc. (dba ThermoSafe)(3)(4)(9)	First lien senior secured loan	S+	4.75%		11/2032	34,722	34,552	34,549

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units		Amortized Cost(2)(27)	Fair Value	% of Net Assets
Bamboo US BidCo LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		9/2030	9,663		9,604	9,663
Bamboo US BidCo LLC(3)(4)(14)	First lien senior secured EUR term loan	E+	5.00%		9/2030	€	4,662	4,835	5,475
Bamboo US BidCo LLC(3)(4)(8)(22)	First lien senior secured delayed draw term loan	S+	5.06%		9/2030	856		849	856
Cambrex Corporation(3)(4)(8)(22)	First lien senior secured loan	S+	4.50%		3/2032	785		777	785
Creek Parent, Inc. (dba Catalent)(3)(4)(8)	First lien senior secured loan	S+	5.00%		12/2031	113,368		111,116	112,801
CSC MKG Topco LLC (dba Medical Knowledge Group)(3)(4)(8)	First lien senior secured loan	S+	5.50%		2/2029	4,955		4,855	4,955
Nelipak Holding Company(3)(4)(8)(22)	First lien senior secured revolving loan	S+	5.50%		3/2031	1,132		1,025	1,019
Nelipak Holding Company(3)(4)(9)(22)	First lien senior secured loan	S+	5.50%		3/2031	32,058		31,492	31,548
NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(14)	First lien senior secured EUR term loan	E+	5.50%		3/2031	€	47,237	49,629	54,645
NELIPAK EUROPEAN HOLDINGS COÖPERATIEF U.A.(3)(4)(13)(22)	First lien senior secured EUR revolving loan	E+	5.50%		3/2031	€	301	256	296
Packaging Coordinators Midco, Inc.(3)(4)(9)	First lien senior secured loan	S+	4.75%		10/2032	157,976		156,175	157,186
Packaging Coordinators Midco, Inc.(3)(4)(19)	First lien senior secured delayed draw term loan	SA+	4.75%		10/2032	£	14,443	18,974	19,329
Packaging Coordinators Midco, Inc.(3)(4)(9)(22)	First lien senior secured delayed draw term loan	S+	4.50%		1/2032	782		775	778
Patriot Acquisition TopCo S.À R.L. (dba Corza Health, Inc.)(3)(4)(9)(22)(31)	First lien senior secured loan	S+	4.75%		1/2028	157,996		156,822	157,996
PerkinElmer U.S. LLC(3)(4)(8)	First lien senior secured loan	S+	4.75%		3/2029	25,721		25,676	25,721
Rhea Parent, Inc.(3)(4)(9)	First lien senior secured loan	S+	5.00%		12/2030	40,670		40,278	40,264
TBRS, Inc. (dba TEAM Technologies)(3)(4)(9)	First lien senior secured loan	S+	4.75%		11/2031	41,570		41,225	41,362
								688,915	699,228	9.5	%
Healthcare providers and services
Allied Benefit Systems Intermediate LLC(3)(4)(9)	First lien senior secured loan	S+	5.00%		10/2030	6,880		6,880	6,846
Belmont Buyer, Inc. (dba Valenz)(3)(4)(9)	First lien senior secured loan	S+	6.50%		6/2029	4,454		4,383	4,454
Belmont Buyer, Inc. (dba Valenz)(3)(4)(9)	First lien senior secured loan	S+	5.25%		6/2029	3,128		3,066	3,121
Bristol Hospice L.L.C.(3)(4)(9)	First lien senior secured loan	S+	5.00%		8/2032	41,993		41,791	41,993
Commander Buyer, Inc. (dba CenExel)(3)(4)(9)	First lien senior secured loan	S+	4.75%		6/2032	56,102		55,813	56,102

Table of Contents

Blue Owl Capital Corporation

Consolidated Schedule of Investments

As of December 31, 2025

(Amounts in thousands, except share amounts)


		Interest
Company(1)(25)	Investment	Ref. Rate	Cash	PIK	Maturity Date	Par / Units	Amortized Cost(2)(27)	Fair Value	% of Net Assets
Confluent Health, LLC(3)(4)(8)	First lien senior secured loan	S+	5.00%		11/2028	4,913	4,790	4,434
Covetrus, Inc.(3)(4)(9)	Second lien senior secured loan	S+	9.25%		10/2030	30,000	28,902	29,025
Engage Debtco Limited(3)(4)(9)(31)	First lien senior secured loan	S+	3.18%	2.75%	7/2029	1,605	1,566	1,521
Engage Debtco Limited(3)(4)(9)(31)	First lien senior secured delayed draw term loan	S+	3.08%	2.75%	7/2029	521	509	494
EresearchTechnology, Inc. (dba Clario)(3)(4)(8)(22)	First lien senior secured loan	S+	4.75%		1/2032	102,565	101,589	102,565
Ex Vivo Parent Inc. (dba OB Hospitalist)(3)(4)(8)	First lien senior secured loan	S+		9.50%	9/2028	132,032	130,839	132,032
KABAFUSION Parent, LLC(3)(4)(9)	First lien senior secured loan	S+	4.75%		11/2031	48,613	48,020	48,613
KWOL Acquisition, Inc. (dba Worldwide Clinical Trials)(3)(4)(8)(22)	First lien senior secured loan	S+	5.00%		12/2029	121,761	120,368	121,457
Lakefield Acquisition Corp. (dba Lakefield Veterinary Group)(3)(4)(10)(22)	First lien senior secured loan	S+	4.00%		9/2030	643	639	643
Maple Acquisition, LLC (dba Medicus)(3)(4)(10)	First lien senior secured loan	S+	4.75%		5/2031	72,776	72,123	72,776
National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(9)(28)	First lien senior secured loan	S+		10.00%	4/2026	145,775	129,794	57,581
National Dentex Labs LLC (fka Barracuda Dental LLC)(3)(4)(9)(28)	First lien senior secured delayed draw term loan	S+		12.00%	4/2026	22,178	14,248