Private company

Blue Owl Technology Finance Corp. II

In its 2025 annual report the company says: “Blue Owl Technology Finance Corp. II is a Maryland corporation formed on October 5, 2021. We are focused primarily on originating and making loans to, and making debt and equity investments in technology-related, specifically software, companies based primarily in the United States.”5 It is headquartered in Lutherville Timonium, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersLutherville Timonium, United States2
  • Incorporated inMD3
  • Business address399 Park Avenue, New York, Ny 100223
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • Kind of organizationInvestment fund2
  • LEI549300E3NGSRX11L0S092
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O UNITED AGENT GROUP INC., 20815 Chevy Chase, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D222291242

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Blue Owl Technology Finance Corp. II is a Maryland corporation formed on October 5, 2021. We are focused primarily on originating and making loans to, and making debt and equity investments in technology-related, specifically software, companies based primarily in the United States. We originate and invest in senior secured or unsecured loans, subordinated loans or mezzanine loans, and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company’s common equity. Our investment objective is to maximize total return by generating current income from debt investments and other income producing securities, and capital appreciation from our equity and equity-linked investments. We may hold our investments directly or through special purpose vehicles.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income67$266.9M in 2024
-$100.0M0$100.0M$200.0M$300.0M2021: -$983.0K-$983.0K20212022: $22.3M$22.3M20222023: $199.3M$199.3M2023+795%2024: $266.9M$266.9M2024+34%
Fiscal year20212022202320242025
Interest$06$29.4M7$129.8M7$200.1M7
Net income-$983.0K6$22.3M7$199.3M7$266.9M7
Earnings per share-$5.246$0.597$1.967$1.807
Earnings per share (diluted)-$5.246$0.597$1.967$1.807
Shares (weighted, basic)187.6K shares737.5M shares7101.6M shares7148.4M shares7
Shares (weighted, diluted)187.6K shares737.5M shares7101.6M shares7148.4M shares7

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Corporate structure

Blue Owl Technology Finance Corp. II sits at the top of its group. 14 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Blue Owl Technology Finance Corp. II

  • State Teachers Retirement System California Filed SCHEDULE 13G/A on Blue Owl Technology Finance Corp. II, latest Mar 19, 2026 (5 filings since Feb 15, 2023)
  • University of California Regents Filed SCHEDULE 13G/A on Blue Owl Technology Finance Corp. II, latest Apr 11, 2025 (5 filings since Oct 28, 2022)
  • Mubadala Investment Co PJSC Filed SCHEDULE 13G/A on Blue Owl Technology Finance Corp. II, latest Mar 27, 2025 (5 filings since Jun 20, 2024)
  • CH-IP Owl Rock Tech II, L.L.C. Filed SC 13D on Blue Owl Technology Finance Corp. II, latest Jan 10, 2022
  • Blue Owl Technology Finance Corp. II Lutherville Timonium, Maryland, United States
    • ATHENA CLO II LLC Subsidiary · Delaware, United States
    • ATHENA CLO IV LLC Subsidiary · Delaware, United States
    • ATHENA FUNDING I LLC Subsidiary · Delaware, United States
    • ATHENA FUNDING II LLC Subsidiary · Delaware, United States
    • ATHENA FUNDING III LLC Subsidiary · Delaware, United States
    • OR TECH LENDING II LLC Subsidiary · Delaware, United States
    • ORTF II AAM LLC Subsidiary · Delaware, United States
    • ORTF II AAM RH LLC Subsidiary · Delaware, United States
    • ORTF II BC 2 LLC Subsidiary · Delaware, United States
    • ORTF II BC 5 LLC Subsidiary · Delaware, United States
    • ORTF II BC 6 LLC Subsidiary · Delaware, United States
    • ORTF II BC 7 LLC Subsidiary · Delaware, United States
    • ORTF II FSI LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Blue Owl Technology Finance Corp. II reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Our corporate headquarters are located at 399 Park Avenue, 37th Floor, New York, New York 10022 and are provided by the Adviser in accordance with the terms of our Administration Agreement. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 4, 2025.5

Leadership

Who has led Blue Owl Technology Finance Corp. II, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Craig Packer2022

President

  1. Craig Packer2022
  2. Erik Bissonnette2024–2025

Chief financial officer

  1. Jonathan Lamm2022

Chief operating officer

  1. Jonathan Lamm2022
2025
Board members and other officers (15)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorChristopher Temple named Nov 30, 202326

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ATHENA CLO II LLC DELAWARE4
  • ATHENA CLO IV LLC DELAWARE4
  • ATHENA FUNDING I LLC DELAWARE4
  • ATHENA FUNDING II LLC DELAWARE4
  • ATHENA FUNDING III LLC DELAWARE4
  • OR TECH LENDING II LLC DELAWARE4
  • ORTF II AAM LLC DELAWARE4
  • ORTF II AAM RH LLC DELAWARE4
  • ORTF II BC 2 LLC DELAWARE4
  • ORTF II BC 5 LLC DELAWARE4
  • ORTF II BC 6 LLC DELAWARE4
  • ORTF II BC 7 LLC DELAWARE4
  • ORTF II FSI LLC DELAWARE4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Owl Rock Technology Finance Corp. IIDec 1, 2021 to Jul 6, 20233

Timeline

  1. Mar 24, 20258-K Completed an acquisition or sale; Change to shareholders' rights; Change in control27
  2. Mar 20, 20258-K Shareholder vote; Regulation FD disclosure28
  3. Mar 14, 20258-K Other events29
  4. Jan 17, 20258-K Ended a material agreement30
  5. Jan 2, 20258-K Unregistered sale of shares31
  6. Dec 23, 20248-K Entered a material agreement; New debt or obligation32
  7. Dec 16, 20248-K Other events33
  8. Dec 4, 20248-K Unregistered sale of shares34
  9. Nov 13, 20248-K Entered a material agreement; Regulation FD disclosure35
  10. Sep 13, 20248-K Unregistered sale of shares36
  11. Aug 21, 20248-K Entered a material agreement; New debt or obligation37
  12. Aug 19, 20248-K Entered a material agreement; New debt or obligation38
  13. Jan 31, 2022New chief executive Craig Packer becomes CEO10
  14. Oct 5, 2021Founded Blue Owl Technology Finance Corp. II is founded2

Filings

160 filings to the SEC since October 2021: 4 annual reports, 9 quarterly reports, 44 major events, 45 insider forms, 16 large holders, 4 private raises, 38 other. The latest 20:

  1. Mar 19, 2026SCHEDULE 13G/A EDGAR
  2. Feb 6, 2026SCHEDULE 13G/A EDGAR
  3. May 15, 2025SCHEDULE 13G/A EDGAR
  4. Apr 11, 2025SCHEDULE 13G/A EDGAR
  5. Mar 27, 2025SCHEDULE 13G/A EDGAR
  6. Mar 27, 20254 EDGAR
  7. Mar 27, 20253 EDGAR
  8. Mar 24, 2025N-54C EDGAR
  9. Mar 24, 202515-12G EDGAR
  10. Mar 24, 20258-K EDGAR
  11. Mar 24, 20254 EDGAR
  12. Mar 24, 20254 EDGAR
  13. Mar 20, 20258-K EDGAR
  14. Mar 14, 20258-K EDGAR
  15. Mar 14, 20254 EDGAR
  16. Mar 4, 202510-K EDGAR
  17. Feb 19, 2025425 EDGAR
  18. Feb 14, 2025SCHEDULE 13G/A EDGAR
  19. Feb 4, 2025425 EDGAR
  20. Jan 31, 2025SCHEDULE 13G/A EDGAR

The 160 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 21 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 15, 2025Bissonnette ErikPresidentBuy57,311$15.64$896.3KForm 4
Jan 15, 2025Woolridge VictorDirectorBuy2,353$15.64$36.8KForm 4
Dec 17, 2024Woolridge VictorDirectorBuy635$16.06$10.2KForm 4
Dec 17, 2024Bissonnette ErikPresidentBuy6,353$16.06$102.0KForm 4
Sep 26, 2024Bissonnette ErikPresidentBuy7,394$16.02$118.5KForm 4
Sep 26, 2024Woolridge VictorDirectorBuy739$16.02$11.8KForm 4
Jun 18, 2024Woolridge VictorDirectorBuy681$15.92$10.8KForm 4
Mar 13, 2024Woolridge VictorDirectorBuy578$15.65$9.0KForm 4
Sep 26, 2023Woolridge VictorDirectorBuy481$15.24$7.3KForm 4
May 8, 2023Woolridge VictorDirectorBuy741$14.97$11.1KForm 4
Dec 20, 2022Woolridge VictorDirectorBuy614$14.64$9.0KForm 4
Sep 23, 2022Packer CraigCEO and PresidentBuy223,280$14.47$3.2MForm 4
Sep 23, 2022Kirshenbaum AlanExecutive Vice PresidentBuy223,280$14.47$3.2MForm 4
Sep 23, 2022Woolridge VictorDirectorBuy1,288$14.47$18.6KForm 4
Jun 28, 2022Woolridge VictorDirectorBuy1,782$14.15$25.2KForm 4
Jun 28, 2022Packer CraigCEO and PresidentBuy308,884$14.15$4.4MForm 4
Jun 28, 2022Kirshenbaum AlanExecutive Vice PresidentBuy308,884$14.15$4.4MForm 4
Mar 29, 2022Packer CraigCEO and PresidentBuy201,528$14.41$2.9MForm 4
Mar 29, 2022Kirshenbaum AlanExecutive Vice PresidentBuy201,528$14.41$2.9MForm 4
Feb 11, 2022Packer CraigCEO and PresidentBuy203,689$14.31$2.9MForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 1, 2021Raised $4.1 billion in a private offering of equity Form D: 3,738 investors so far Form D

SEC filer profile

How Blue Owl Technology Finance Corp. II is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBlue Owl Technology Finance Corp. II1
  • CIK0001889668
  • Employer ID (EIN)87-29930195
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inMaryland5
  • Fiscal year endsDecember 311
  • Business address399 Park Avenue, New York, NY 100221
  • Phone(212) 419-30001
  • Shares outstanding275,143,776 shares as of Mar 4, 20255
  • Public float$0 as of Jun 30, 20247
  • AuditorKPMG LLP, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceDec 1, 20211
  • Filings173 in all: 8-K (44), 4 (26), 3 (19), 425 (16), DEFA14A (10), 10-Q (9), SCHEDULE 13G/A (8), 10-K (4)1
    All 28 form types

    40-17G (4), CORRESP (4), SC 13G/A (4), D/A (3), DEF 14A (3), SC 13G (3), 10-12G/A (2), 40-APP (2), 10-12G (1), 15-12G (1), 40-APP/A (1), 424B3 (1), D (1), DEFM14A (1), EFFECT (1), N-14 8C (1), N-14 8C/A (1), N-54A (1), N-54C (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2025
    Quarterly report (10-Q) Nov 7, 2024
    Proxy statement (DEF 14A) Mar 28, 2024
    Latest 8-K (8-K) Mar 24, 2025

Risk factors and legal proceedings

The risks Blue Owl Technology Finance Corp. II names in Item 1A of its 10-K filed Mar 4, 2025: 74 risks under these headings, as written.5

  • We are subject to risks related to the economy.
  • We are subject to risks related to our business and operations.
  • We are subject to risks related to the Mergers.
  • We are subject to risks related to our Adviser and its affiliates.
  • We are subject to risks related to business development companies.
  • We are subject to risks related to our investments.
  • We are subject to risks related to an investment in our common stock.
  • We are subject to risks related to an investment in our unsecured notes.
  • We are subject to risks related to U.S. federal income tax.
  • We are subject to general risks.
  • Risks Related to the Economy
  • Global economic, political and market conditions, including uncertainty about the financial stability of the United States, could have a significant adverse effect on our business, financial condition and results of operations.
The other 63 risks
  • The current period of capital markets disruption and economic uncertainty could have a material adverse effect on our business, financial condition or results of operations.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • Inflation may adversely affect the business, results of operations and financial condition of our portfolio companies.
  • Fluctuations in interest rates could have a material adverse effect on our business and that of our portfolio companies.
  • Our cash and cash equivalents could be adversely affected if the financial institutions in which we hold our cash and cash equivalents fail.
  • Risks Related to Our Business
  • We have a limited operating history.
  • The lack of liquidity in our investments may adversely affect our business.
  • We borrow money, which magnifies the potential for gain or loss and may increase the risk of investing in us.
  • Defaults under our current borrowings or any future borrowing facility or notes may adversely affect our business, financial condition, results of operations and cash flows.
  • Provisions in our current borrowings or any other future borrowings may limit discretion in operating our business.
  • If we are unable to obtain additional debt financing, or if our borrowing capacity is materially reduced, our business could be materially adversely affected.
  • Our ability to achieve our investment objective depends on our Adviser’s ability to manage and support our investment process. If our Adviser were to lose a significant number of its key professionals, or terminate the Investment Advisory Agreement, our ability to achieve our investment objective could be significantly harmed.
  • Because our business model depends to a significant extent upon Blue Owl’s relationships with corporations, financial institutions and investment firms, the inability of Blue Owl to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
  • We may face increasing competition for investment opportunities, which could delay further deployment of our capital, reduce returns and result in losses.
  • Our investment portfolio is recorded at fair value as determined in good faith by our Adviser in accordance with procedures approved by our Board and, as a result, there is and will be uncertainty as to the value of our portfolio investments.
  • We have adopted a policy to invest, under normal circumstances, at least 80% of the value of our assets in technology-related companies.
  • Any unrealized depreciation we experience on our portfolio may be an indication of future realized losses, which could reduce our income available for distribution.
  • We are not limited with respect to the portion of our assets that may be invested in a single issuer.
  • We are an “emerging growth company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our securities less attractive to investors.
  • Our status as an “emerging growth company” under the JOBS Act may make it more difficult to raise capital as and when we need it.
  • We are subject to risks associated with the market’s limited experience with SOFR, which will affect our cost of capital and results of operations.
  • Internal and external cybersecurity threats and risks, as well as other disasters, may adversely affect our business or the business of our portfolio companies by impairing the ability to conduct business effectively.
  • We are dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect our liquidity, financial condition or results of operations.
  • Increased data protection regulation may result in increased complexities and risk in connection with the operation of our business.
  • We and our portfolio companies are subject to increasing scrutiny from certain investors, third party assessors and our shareholders with respect to ESG-related topics.
  • We are subject to increasing scrutiny with respect to ESG-related issues and the regulatory disclosure landscape surrounding related topics continues to evolve.
  • Risks Related to the Mergers
  • Our shareholders will experience a reduction in percentage ownership and voting power in the combined company as a result of the Mergers.
  • We may be unable to realize the benefits anticipated by the Mergers, including estimated cost savings, or it may take longer than anticipated to achieve such benefits.
  • The Mergers may trigger certain “change of control” provisions and other restrictions in contracts of OTF, us or our affiliates and the failure to obtain any required consents or waivers could adversely impact the combined company.
  • The opinions delivered to the OTF Special Committee and considered by the OTF Board and the opinions delivered to the OTF II Special Committee and considered by the OTF II Board by the respective financial advisors to the OTF Special Committee and the OTF II Special Committee prior to the signing of the Merger Agreement will not reflect changes in circumstances since the date of the opinions.
  • The announcement and pendency of the Mergers could adversely affect both OTF’s and our business, financial results and operations.
  • If the Mergers do not close, we will not benefit from the expenses incurred in pursuit of the Mergers.
  • The termination of the Merger Agreement could negatively impact us.
  • The Merger Agreement limits our ability to pursue alternatives to the Mergers.
  • The Mergers are subject to closing conditions, including shareholder approvals, that, if not satisfied or (to the extent legally allowed) waived, will result in the Mergers not being completed, which may result in material adverse consequences to our business and operations.
  • Litigation filed against OTF and us in connection with the Mergers could result in substantial costs and could delay or prevent the Mergers from being completed.
  • We and OTF will be subject to operational uncertainties and contractual restrictions while the Mergers are pending.
  • We and OTF may waive one or more conditions to the Mergers without resoliciting shareholder approval.
  • OTF’s shareholders and our shareholders do not have appraisal rights in connection with the Mergers.
  • The Mergers may not be treated as a tax-free reorganization under Section 368(a) of the Code.
  • OTF is expected to be subject to an annual limitation on its use of our capital loss carryforwards (and certain unrecognized built-in losses), if any.
  • The combined company may incur adverse tax consequences if either we or OTF have failed or fails to qualify for taxation as a RIC for United States federal income tax purposes.
  • Risks Related to Our Adviser and Its Affiliates
  • Our Adviser and its affiliates, including our officers and some of our directors, may face conflicts of interest caused by compensation arrangements with us and our affiliates, which could result in increased risk-taking or speculative investments, or cause our Adviser to use substantial leverage.
  • The time and resources that individuals associated with our Adviser devote to us may be diverted, and we may face additional competition due to, among other things, the fact that neither our Adviser nor its affiliates is prohibited from raising money for or managing another entity that makes the same types of investments that we target.
  • Our Adviser and its affiliates may face conflicts of interest with respect to services performed for issuers in which we may invest.
  • Our Adviser or its affiliates may have incentives to favor their respective other accounts and clients and/or Blue Owl over us, which may result in conflicts of interest that could be harmful to us.
  • Reductions, waivers or absorptions of fees and costs can temporarily result in higher returns to shareholders than they would otherwise receive if full fees and costs were charged.
  • Products within Blue Owl’s Real Assets platform may enter into sale lease-back transactions with our portfolio companies or with borrowers under our credit facilities.
  • Our access to confidential information may restrict our ability to take action with respect to some investments, which, in turn, may negatively affect our results of operations.
  • We may be obligated to pay our Adviser incentive fees even if we incur a net loss due to a decline in the value of our portfolio and even if our earned interest income is not payable in cash.
  • Our ability to enter into transactions with our affiliates is restricted.
  • We may make investments that could give rise to a conflict of interest.
  • The recommendations given to us by our Adviser may differ from those rendered to their other clients.
  • Our Adviser’s liability is limited under the Investment Advisory Agreement, and we are required to indemnify our Adviser against certain liabilities, which may lead our Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • There are risks associated with any potential merger with or purchase of assets of another fund.
  • Our Adviser’s failure to comply with pay-to-play laws, regulations and policies could have an adverse effect on our Adviser, and thus, us.
  • Our Adviser’s inability to attract, retain and develop human capital in a highly competitive talent market could have an adverse effect on our Adviser, and thus us.
  • Risks Related to Business Development Companies
  • The requirement that we invest a sufficient portion of our assets in qualifying assets could preclude us from investing in accordance with our current business strategy; conversely, the failure to invest a sufficient portion of our assets in qualifying assets could result in our failure to maintain our status as a BDC.
  • Failure to maintain our status as a BDC would reduce our operating flexibility.
  • Regulations governing our operation as a BDC and RIC affect our ability to raise capital and the way in which we raise additional capital or borrow for investment purposes, which may have a negative effect on our growth. As a BDC, the necessity of raising additional capital may expose us to risks, including risks associated with leverage.
  • Risks Related to Our Investments
  • Our investments in portfolio companies may be risky, and we could lose all or part of our investments.
  • Second-Lien and Mezzanine Debt.
  • We have invested and may continue to invest through joint ventures, partnerships and other special purpose vehicles and our investments through these vehicles may entail greater risks, or risks that we otherwise would not incur, if we otherwise made such investments directly.

Legal proceedings

Neither we nor the Adviser are currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceeding threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us. While the outcome of any such future legal or regulatory proceedings cannot be predicted with certainty, we do not expect that any such future proceedings will have a material effect upon our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.5

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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