# Owl Rock Capital Private Fund Advisors

Owl Rock Capital Private Fund Advisors is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **LinkedIn:** https://www.linkedin.com/company/owl-rock-capital

## Regulatory record

- **Reports private funds:** No

## About

Owl Rock Capital traces its origins to 2017, when it was founded as a middle-market direct lending specialist by a team that included Douglas Ostrover, Marc Lipschultz, and Craig Packer. The firm's strategy centers on originating and investing in senior secured loans, unitranche facilities, and junior debt to sponsor-backed companies. The firm's 2021 merger with Dyal Capital Partners formed Blue Owl Capital, a publicly traded asset manager listed on the NYSE under the ticker OWL, with Owl Rock becoming the private credit platform within the structure. Owl Rock's deployment focuses on the US middle market, with portfolio companies spanning industries such as technology, healthcare, business services, and industrial manufacturing. Notable investments include a $350 million senior secured term loan for the recapitalization of software firm RealPage in 2020, as well as debt financing for companies including Transperfect, InfinityQS, and SPS Commerce (per SEC filings, 2020-2022). The firm operates through the Owl Rock Capital Corporation (ORCC), a publicly traded BDC, alongside institutional separate accounts. As of 2023, Owl Rock's BDC reported over $12.6B in total assets under management within its BDC alone, while the broader Blue Owl platform managed over $150B in total AUM across credit, GP stakes, and real estate (per the firm's 2023 annual report). The firm employs over 500 professionals across its Blue Owl structure, though Owl Rock-specific staffing is not separately disclosed. The firm maintains offices in New York, San Francisco, and Boston, and its investment committees are led by the founding partners. A structural differentiator is Owl Rock's integration into Blue Owl, a publicly traded firm that offers permanent capital vehicles and a diversified revenue base. This structure reduces the need for periodic fundraising cycles, as Blue Owl's BDC provides a permanent capital pool. Additionally, Owl Rock benefits from Blue Owl's strategic relationships with institutional LPs, who often co-invest alongside its direct lending activities.

## Sectors

- Private Credit
- Direct Lending
- Middle-Market Lending

## Offices

- San Francisco
- Boston

## Questions

### Who runs investment decisions at Owl Rock?

Owl Rock's investment committee is led by co-founders Douglas Ostrover (CEO), Marc Lipschultz (Head of Private Credit), and Craig Packer (Head of Direct Lending) (per Blue Owl regulatory filings, 2023).

### How does Owl Rock source proprietary deal flow?

Owl Rock's sourcing model relies on its network of sponsor relationships built since 2017, originating loans directly with private equity firms. The firm's permanent capital structure through Blue Owl's BDC provides speed and certainty of execution, which is marketed as a competitive advantage (per Blue Owl investor presentations, 2022).

### Does Owl Rock participate in fund commitments or only direct deals?

Owl Rock originates direct loans via its BDC and institutional separate accounts. The firm uses balance sheet capital from Blue Owl's permanent capital vehicles for direct investments but also raises additional private funds. Limited partners in its private funds include pension plans, insurance companies, and sovereign wealth funds (per Blue Owl Form ADV, 2022).

### Which sectors does Owl Rock focus on in its lending?

Owl Rock targets middle-market companies across technology, healthcare, business services, and industrial sectors. Its typical loans are senior secured, first-lien, or unitranche structures, with ticket sizes ranging from $50M to $500M per deal (per SEC filings of Owl Rock Capital Corporation, 2020-2023).

### Does Owl Rock invest internationally or only in the US?

Owl Rock's investment focus is primarily on US middle-market companies, as evidenced by its portfolio of sponsor-backed businesses headquartered in the United States. The firm does not report significant direct lending activities outside North America (per Owl Rock Capital Corporation annual reports).

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Last updated: 2026-06-03T20:00:00.000Z

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