Alternative asset manager Blue Owl Capital (Blue Owl) is to bring its institutional quality middle market lending capabilities to Canadian accredited investors.
The initiative positions Blue Owl as one of the first US-based private credit managers to offer direct lending capabilities to onshore Canadian investors.
Canadian investors will have access to the institutional share class of Owl Rock Core Income Corp (ORCIC), a business development company managed by Owl Rock, a division of Blue Owl. ORCIC has over USD2.7 billion in assets across 92 portfolio companies as of 30 November, 2021, and focuses on originating loans to, and making debt investments in, US middle market companies.
The fund offers high-net worth and institutional investors access to Owl Rock’s leading institutional quality management and targets the upper-end of middle market firms, with annual revenues between USD50 million and USD2.5 billion. Owl Rock is one of the world’s largest middle-market lenders, with USD34.6 billion in assets under management and approximately USD43.6 billion of originated investments since its inception.