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Owl Rock Technology Income Corp. Updates Monthly NAV Report

UPDATE

Owl Rock Technology Income Corp., a non-traded business development company, has declared an estimated net asset value per share for its three classes of common stock as of Sept. 30, 2022.

Owl Rock Technology Income Corp., a non-traded business development company, has declared an estimated net asset value per share for its three classes of common stock as of Sept. 30, 2022.

Each of the BDC’s shares (Class S, Class D, and Class I) had an NAV of $9.93 compared to $10.03 the previous month.

As of Sept. 30, 2022, the company had debt investments in 52 portfolio companies with an aggregate par value of $1.6 billion. Their portfolio consisted of 76.8% first lien debt investments, 12.1% second lien debt investments and 11.1% equity investments. The entirety of the company’s debt investments based on par value were at floating rates.

September investments were concentrated in the systems software industry (21.3%), application software industry (15.0%), food and staples retailing industry (9.4%), and healthcare technology industry (8.7%).

The previous month, investments were concentrated in the systems software industry (19.7%), application software industry (15.1%), food and staples retailing industry (9.8%), and healthcare technology industry (9.1%).

Owl Rock Technology Income Corp. seeks to provide investors attractive current income and the potential for capital appreciation by investing in established, high growth technology companies. The company was formed primarily to originate and make loans to, and make debt and equity investments in, a broad range of established and high growth technology related companies that are capitalizing on the large and growing demand for technology products and services. The company is currently offering on a continuous basis up to $5.0 billion in shares via its public offering, which has raised gross proceeds totaling $50.7 million, as of June 30, 2022. The company has raised an additional $539.9 million via a private offering.

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