Owl Rock Capital Corporation II, a non-traded business development company, has amended its registration statement to increase the number of shares of common stock in the offering from 300 million to 450 million.
Owl Rock Capital Corporation II focuses primarily on originating and making loans to, and making debt and equity investments in, U.S. middle market companies with EBITDA between $10 million and $250 million annually and/or annual revenue of $50 million to $2.5 billion. The company’s credit investments typically have maturities between three and 10 years and range in size between $10 million and $125 million.
Shares are currently priced at $9.55 each and have a minimum purchase of $5,000. Investors will pay a maximum upfront sales load of up to 5 percent and offering expenses of up to 1.5 percent. Owl Rock Capital Securities LLC serves as the dealer manager.
Owl Rock Capital Corporation II raised approximately $663.1 million in investor equity, as of June 11, 2019. This includes $900 in seed capital contributed by its adviser, Owl Rock Capital Advisors LLC, in September 2016 and approximately $10 million raised in a private placement from individuals and entities affiliated with the adviser. As of the first quarter of 2019, the company had investments in 68 portfolio companies with a total fair value of $921.3 million.