Blue Owl Capital Corporation II Surveillance Report
Company Profile
Formed in October 2015 as a Maryland Corporation, Blue Owl Capital Corporation II (“OBDC II” or “the company”) began operations in April 2017. The company is a non-traded externally managed business development company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940. For tax purposes, the company has elected to be treated as a regulated investment company (“RIC”).
OBDC II is externally managed by Blue Owl Credit Advisors LLC (“Advisor”), an indirect subsidiary of Blue Owl Capital, Inc. (NYSE: OWL), a global alternative asset manager with $284 billion of AUM as of June 30, 2025.
The company shares its diversified investment strategy and maintains SEC co-investment relief with Blue Owl Capital Corporation (KBRA issuer/ senior unsecured debt ratings of BBB+/ Stable Outlook) and Blue Owl Credit Income Corp. (KBRA issuer/ senior unsecured debt ratings of BBB+/ Stable Outlook).…
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