Blue Owl Technology Finance Corp.

Ademi LLP has launched an investigation into possible securities fraud claims against Blue Owl Technology Finance Corp. The investigation stems from allegations that Blue Owl made inaccurate statements about its financial statements, business operations, and prospects. It focuses on recent reports that Blue Owl collected excessive fees by assigning artificially inflated values to certain assets, potentially breaching fiduciary duties under the Investment Company Act.

Blue Owl Technology Finance Corp. has amended its senior secured credit agreement for the fourth time, extending the revolver's availability period to June 2030 and the overall maturity date to June 2031. The accordion provision was also increased to up to roughly $4.01 billion. The company recently reported fiscal first quarter 2026 revenue of $325.9 million, missing estimates of $340.1 million, while EPS of $0.29 topped consensus by 17.5%. Net asset value per share dropped to $16.49 from $17.33, driven by $0.84 per share in realized and unrealized losses. Management maintained a $0.35 base dividend plus a $0.05 special dividend, though fully covering the base payout with earnings could take longer than expected. The Street expects fiscal second quarter 2026 revenue of around $337.53 million and EPS of $0.30, with earnings set for release on August 5.

Blue Owl Capital maintained the industry-standard 5% quarterly withdrawal limit on two non-traded private credit funds, even as redemption requests at both funds fell compared to the prior quarter. The OCIC fund saw redemption requests totaling $3.6 billion, down from $4.2 billion in the previous quarter, though this remains higher than any competitor. The decision to keep caps reflects a structural liquidity backlog, as investors pulled a combined $12.9 billion from private credit funds targeting wealthy individuals in the first five months of 2026. Blue Owl's OTF fund also took a markdown of $490 million in the first quarter of 2026, the highest since its creation. Shares of Blue Owl rose 4.4% in premarket trading following the news.