Blue Owl Capital Corp — Form 10-Q

Blue Owl Credit SLF LLC (a joint venture among Blue Owl funds and State Teachers Retirement System of Ohio) grew total debt investments from $2.35B (Dec 2025) to $3.28B (Sept 2026), representing a 39.6% increase in amortized cost. The company issued seven securitized loan obligations (WISE CLOs 2025-1 through 2026-3) with aggregate principal of ~$2.27B and simultaneously established six warehouse credit facilities (Bank of America, RBC, Citibank, Wells Fargo, Mizuho) with $1.315B aggregate outstanding borrowings as of Sept 30, 2026. Portfolio is heavily concentrated in financial services (38.1%), business services (33.0%), and internet software/services (35.2%), all first-lien senior secured loans with SOFR+spreads of 1.40-6.00%. Net investment income for nine months ended Sept 2026 was $49.3M; net change in unrealized losses on portfolio was ($41.3M). Total members' equity grew from $614M to $696M.