Owl Rock Looks to Raise $1.5 Billion for Opportunistic Debt Fund
- Vehicle will focus on lending to cash-strapped companies
- Firm has more than $16 billion in assets under mangement
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Direct lender Owl Rock Capital Partners is looking to raise $1.5 billion to lend to small and mid-sized companies facing liquidity issues amid the pandemic, according to people familiar with the matter.
The firm is hoping to expand its reach in a corner of credit markets that banks have been pulling back from, and has begun discussing the fund with prospective investors, said the people, who aren’t authorized to speak publicly. An Owl Rock spokesman declined to comment.