Blue Owl BDC Won Big New Investment by University of California
Blue Owl signage outside the company’s offices in New York.
Photographer: Michael Nagle/BloombergA $200 billion investment fund for the University of California system added almost 30 million shares of Blue Owl Technology Finance Corp. in the first quarter, in a sign of institutions seizing upon volatility in the private credit market.
The fund, which oversees endowment, pension and other money for 10 campuses including UCLA and UC Berkeley, now owns more than 6% of Blue Owl Technology Finance Corp., making it among its largest shareholders, according to regulatory filings and data compiled by Bloomberg.