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Private company

Blue Owl Capital Corp II

Blue Owl Capital Corp II is an American company based in Lutherville Timonium.2

Last updated Oct 21, 2026.

Overview

  • HeadquartersLutherville Timonium, United States2
  • Incorporated inMD3
  • Business address399 Park Avenue, New York, Ny 100223
  • Filer categoryNon-accelerated filer3
  • Legal formStock Corporation2
  • LEI549300MMNWZO5XKDDX472
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O UNITED AGENT GROUP INC., 21093 Lutherville-Timonium, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D168218372

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Blue Owl Capital Corporation II was formed on October 15, 2015, as a corporation under the laws of the State of Maryland. Our investment objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns. Our investment strategy focuses on primarily originating and making loans to, and making debt and equity investments in, U.S. middle-market companies. Within this space, we predominantly focus on investing in institutionally-backed, upper middle-market businesses, which we categorize as those generating greater than $50 million of EBITDA annually. We invest in senior secured or unsecured loans, subordinated loans or mezzanine loans, broadly syndicated loans and, to a lesser extent, equity and equity-related securities including warrants, preferred stock and similar forms of senior equity, which…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income678$24.1M in 2025−79% since 2021
0$50.0M$100.0M$150.0M2021: $112.0M$112.0M20212022: $73.2M$73.2M2022−35%2023: $129.8M$129.8M2023+77%2024: $82.0M$82.0M2024−37%2025: $24.1M$24.1M2025−71%
Fiscal year202120222023202420252026
Interest$39.6M6$50.0M6$67.2M6
Net income$112.0M6$73.2M7$129.8M8$82.0M8$24.1M8
Earnings per share$0.746$0.497$0.908$0.618$0.208
Earnings per share (diluted)$0.746$0.497$0.908$0.618$0.208
Shares (weighted, basic)151.5M shares8150.1M shares8144.0M shares8135.1M shares8121.7M shares8
Shares (weighted, diluted)151.5M shares6150.1M shares7144.0M shares8135.1M shares8121.7M shares8

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Corporate structure

Blue Owl Capital Corp II sits at the top of its group. 35 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Blue Owl Capital Corp II Lutherville Timonium, Maryland, United States
    • OR AH II LLC Subsidiary · Delaware, United States
    • OR Atlanta MH II LLC Subsidiary · Delaware, United States
    • OR DH II LLC Subsidiary · Delaware, United States
    • OR Fairchester MH II LLC Subsidiary · Delaware, United States
    • OR Garden State MH II LLC Subsidiary · Delaware, United States
    • OR GH II LLC Subsidiary · Delaware, United States
    • OR HEH II LLC Subsidiary · Delaware, United States
    • OR HH II LLC Subsidiary · Delaware, United States
    • OR Jemico MH II LLC Subsidiary · Delaware, United States
    • OR LENDING II LLC Subsidiary · Delaware, United States
    • OR Long Island MH II LLC Subsidiary · Delaware, United States
    • OR MH II LLC Subsidiary · Delaware, United States
    • OR Midwest MH II LLC Subsidiary · Delaware, United States
    • OR PCF II LLC Subsidiary · Delaware, United States
    • OR Toronto MH II LLC Subsidiary · Delaware, United States
    • ORCC II AAM LLC Subsidiary · Delaware, United States
    • ORCC II AAM RH LLC Subsidiary · Delaware, United States
    • ORCC II BC 12 LLC Subsidiary · Delaware, United States
    • ORCC II BC 13 LLC Subsidiary · Delaware, United States
    • ORCC II BC 14 LLC Subsidiary · Delaware, United States
    • ORCC II BC 16 LLC Subsidiary · Delaware, United States
    • ORCC II BC 17 LLC Subsidiary · Delaware, United States
    • ORCC II BC 18 LLC Subsidiary · Delaware, United States
    • ORCC II BC 19 LLC Subsidiary · Delaware, United States
    • ORCC II BC 2 LLC Subsidiary · Delaware, United States
    • and 9 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What Blue Owl Capital Corp II reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Our corporate headquarters are located at 399 Park Avenue, 37th Floor, New York, New York 10022 and are provided by the Adviser in accordance with the terms of our Administration Agreement. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 5, 2026.5

Leadership

Who has led Blue Owl Capital Corp II, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Craig Packer2017

President

  1. Craig Packer2017
  2. Logan Nicholson2024

Chief financial officer

  1. Alan Kirshenbaum2017

Chief operating officer

  1. Alan Kirshenbaum2017
  2. Bryan Thomas Cole2024
20202025
Board members and other officers (19)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • OR AH II LLC DELAWARE4
  • OR Atlanta MH II LLC DELAWARE4
  • OR DH II LLC DELAWARE4
  • OR Fairchester MH II LLC DELAWARE4
  • OR GH II LLC DELAWARE4
  • OR Garden State MH II LLC DELAWARE4
  • OR HEH II LLC DELAWARE4
  • OR HH II LLC DELAWARE4
  • OR Jemico MH II LLC DELAWARE4
  • OR LENDING II LLC DELAWARE4
  • OR Long Island MH II LLC DELAWARE4
  • OR MH II LLC DELAWARE4
  • OR Midwest MH II LLC DELAWARE4
  • OR PCF II LLC DELAWARE4
  • OR Toronto MH II LLC DELAWARE4
  • ORCC II AAM LLC DELAWARE4
  • ORCC II AAM RH LLC DELAWARE4
  • ORCC II BC 12 LLC DELAWARE4
  • ORCC II BC 13 LLC DELAWARE4
  • ORCC II BC 14 LLC DELAWARE4
  • ORCC II BC 16 LLC DELAWARE4
  • ORCC II BC 17 LLC DELAWARE4
  • ORCC II BC 18 LLC DELAWARE4
  • ORCC II BC 19 LLC DELAWARE4
All 34 listed subsidiaries
  • ORCC II BC 2 LLC DELAWARE4
  • ORCC II BC 3 LLC DELAWARE4
  • ORCC II BC 4 LLC DELAWARE4
  • ORCC II BC 5 LLC DELAWARE4
  • ORCC II BC 6 LLC DELAWARE4
  • ORCC II FINANCING II LLC DELAWARE4
  • ORCC II FINANCING LLC DELAWARE4
  • ORCC II FSI LLC DELAWARE4
  • ORCC II Parent LLC DELAWARE4
  • OWL ROCK CLO XIII, LLC DELAWARE4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Owl Rock Capital Corp IIOct 19, 2015 to Jul 6, 20233

Timeline

  1. Jul 20, 20268-K Other events32
  2. Jun 26, 20268-K Shareholder vote33
  3. Apr 16, 20268-K Other events34
  4. Mar 6, 20268-K Other events35
  5. Feb 26, 20268-K Results of operations36
  6. Feb 18, 20268-K Entered a material agreement; Completed an acquisition or sale; Regulation FD disclosure37
  7. Jan 30, 20268-K Results of operations38
  8. Dec 31, 20258-K Results of operations39
  9. Nov 26, 20258-K Results of operations40
  10. Nov 19, 20258-K Ended a material agreement; Regulation FD disclosure41
  11. Nov 5, 20258-K Entered a material agreement; Regulation FD disclosure42
  12. Oct 30, 20258-K Results of operations43
  13. Apr 5, 2017New chief executive Craig Packer becomes CEO11
  14. Oct 15, 2015Founded Blue Owl Capital Corp II is founded2

Calendar

When it reported results

  1. Feb 26, 2026Reported quarterly or annual results36
  2. Jan 30, 2026Reported quarterly or annual results38
  3. Dec 31, 2025Reported quarterly or annual results39
  4. Nov 26, 2025Reported quarterly or annual results40
  5. Oct 30, 2025Reported quarterly or annual results43
  6. Sep 25, 2025Reported quarterly or annual results44
  7. Aug 28, 2025Reported quarterly or annual results45
  8. Aug 1, 2025Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

187 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 76 major events, 6 insider forms, 85 other. The latest 20:

  1. Aug 7, 202610-Q EDGAR
  2. Jul 20, 20268-K EDGAR
  3. Jun 26, 20268-K EDGAR
  4. Jun 8, 2026CT ORDER EDGAR
  5. May 27, 202640-17G EDGAR
  6. May 11, 2026N-23C-2 EDGAR
  7. May 8, 202610-Q EDGAR
  8. Apr 27, 2026SC TO-T/A TENDER OFFER STATEMENT EDGAR
  9. Apr 16, 20268-K EDGAR
  10. Apr 10, 2026DEFA14A EDGAR
  11. Apr 1, 2026DEFA14A EDGAR
  12. Apr 1, 2026DEF 14A EDGAR
  13. Mar 24, 2026SC TO-T/A TENDER OFFER STATEMENT EDGAR
  14. Mar 20, 2026SC TO-T/A TENDER OFFER STATEMENT EDGAR
  15. Mar 16, 2026SC TO-T/A TENDER OFFER STATEMENT EDGAR
  16. Mar 13, 2026SC 14D9 EDGAR
  17. Mar 11, 2026SC TO-T/A TENDER OFFER STATEMENT EDGAR
  18. Mar 6, 2026SC TO-T TENDER OFFER STATEMENT EDGAR
  19. Mar 6, 20268-K EDGAR
  20. Mar 5, 202610-K EDGAR

The 187 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Blue Owl Capital Corp II is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBlue Owl Capital Corp II1
  • CIK0001655887
  • Employer ID (EIN)47-54163325
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inMaryland5
  • Fiscal year endsDecember 311
  • Business address399 Park Avenue, New York, NY 100221
  • Phone(212) 419-30001
  • Shares outstanding115,645,897 as of Jul 31, 202610
  • Public float$0 as of Jun 30, 20258
  • AuditorKPMG, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceOct 19, 20151
  • Filings502 in all: 8-K (139), 497 (55), SC TO-I/A (40), SC TO-I (33), DEFA14A (32), 10-Q (29), 3 (21), CORRESP (20)1
    All 45 form types

    425 (11), 40-17G (10), DEF 14A (10), 10-K (9), 40-APP/A (8), POS 8C (8), 4 (7), EFFECT (6), 40-APP (5), 424B1 (5), 424B3 (5), SC 13D (5), SC TO-T/A (5), 424B4 (4), N-2/A (4), POS EX (4), SC 13D/A (3), 40-17G/A (2), DRS/A (2), N-2 (2), N-23C-2 (2), 5 (1), 8-A12G (1), APP NTC (1), APP ORDR (1), CT ORDER (1), DRS (1), N-14 8C (1), N-14 8C/A (1), N-54A (1), N-6F (1), PRE 14A (1), SC 13G (1), SC 14D9 (1), SC TO-C (1), SC TO-T (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 5, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Jul 20, 2026

Risk factors and legal proceedings

The risks Blue Owl Capital Corp II names in Item 1A of its 10-K filed Mar 5, 2026: 75 risks under these headings, as written.5

  • We are subject to risks related to macroeconomic factors.
  • We are subject to risks related to our business and operations.
  • We are subject to risks related to our Adviser and its affiliates.
  • We are subject to risks related to business development companies.
  • We are subject to risks related to our investments.
  • We are subject to risks related to an investment in our common stock.
  • We are subject to risks related to an investment in our unsecured notes.
  • We are subject to risks related to U.S. federal income tax.
  • We are subject to general risks.
  • Macroeconomic Factors
  • Difficult market and geopolitical conditions could have a significant adverse effect on our business, financial condition and results of operations.
  • Capital markets disruption and economic uncertainty could have a material adverse effect on our business, financial condition or results of operations.
The other 64 risks
  • Future increases in inflation may adversely affect the business, results of operations and financial condition of our portfolio companies.
  • Fluctuations in interest rates could have a material adverse effect on our business and that of our portfolio companies.
  • Risks Related to Our Business
  • The lack of liquidity in our investments may adversely affect our business.
  • We borrow money, which magnifies the potential for gain or loss and may increase the risk of investing in us.
  • Defaults and provisions under our current borrowings or any future borrowing facility or notes may adversely affect our business, financial condition, results of operations and cash flows.
  • If we are unable to obtain additional debt financing, or if our borrowing capacity is materially reduced, our business could be materially adversely affected.
  • Our ability to achieve our investment objective depends on our Adviser’s ability to manage and support our investment process. If our Adviser were to lose a significant number of its key professionals, or terminate the Investment Advisory Agreement, our ability to achieve our investment objective could be significantly harmed.
  • Our ability to achieve our investment objective also depends to a significant extent upon Blue Owl’s relationships with corporations, financial institutions and investment firms, the inability of Blue Owl to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
  • Our cash and cash equivalents could be adversely affected if the financial institutions in which we hold our cash and cash equivalents fail.
  • We may face increasing competition for investment opportunities, which could delay further deployment of our capital, reduce returns and result in losses.
  • Our investment portfolio is recorded at fair value as determined in good faith by our Adviser in accordance with procedures approved by our Board and, as a result, there is and will be uncertainty as to the value of our portfolio investments.
  • Our Board may change our operating policies and strategies without prior notice or shareholder approval, the effects of which may be adverse to our shareholders.
  • Any unrealized depreciation we experience on our portfolio may be an indication of future realized losses, which could reduce our income available for distribution.
  • Cybersecurity risks and cyber data security incidents could adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential information and confidential information in our possession and damage to our business relationships.
  • Use of AI technologies by us could lead to the exposure of our data or other adverse effects and increase competitive, operational, legal, and regulatory risks in ways that we cannot predict.
  • We are subject to risks in using custodians, counterparties, administrators and other agents.
  • Increased data protection regulation may result in increased complexities and risk in connection with the operation of our business.
  • We and our portfolio companies are subject to increasing scrutiny from certain investors, third party assessors, regulators and our shareholders with respect to ESG-related topics.
  • We are subject to increasing scrutiny from regulators with respect to ESG-related issues and the regulatory disclosure landscape surrounding related topics continues to evolve.
  • We may be the target of litigation or similar proceedings in the future and we are subject to public perception risks.
  • Risks Related to Our Adviser and Its Affiliates
  • Our Adviser and its affiliates, including our officers and some of our directors, may face conflicts of interest caused by compensation arrangements with us and our affiliates, which could result in increased risk-taking or speculative investments, or cause our Adviser to use substantial leverage.
  • The time and resources that individuals associated with our Adviser devote to us may be diverted, and we may face additional competition due to, among other things, the fact that neither our Adviser nor its affiliates is prohibited from raising money for or managing another entity that makes the same types of investments that we target.
  • Our Adviser and its affiliates may face conflicts of interest with respect to services performed for their respective other accounts and clients or issuers in which we may invest.
  • Reductions, waivers or absorptions of fees and costs can temporarily result in higher returns to shareholders than they would otherwise receive if full fees and costs were charged.
  • Products within Blue Owl’s Real Assets platform may enter into sale lease-back transactions with our portfolio companies or with borrowers under our credit facilities.
  • Our access to confidential information may restrict our ability to take action with respect to some investments, which, in turn, may negatively affect our results of operations.
  • We may be obligated to pay our Adviser incentive fees even if we incur a net loss due to a decline in the value of our portfolio and even if our earned interest income is not payable in cash.
  • Our ability to enter into transactions with our affiliates is restricted.
  • We may make investments that could give rise to a conflict of interest.
  • Our Adviser’s liability is limited under the Investment Advisory Agreement, and we are required to indemnify our Adviser against certain liabilities, which may lead our Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • There are risks associated with any potential merger with or purchase of assets of another fund.
  • Our Adviser’s failure to comply with pay-to-play laws, regulations and policies could have an adverse effect on our Adviser, and thus, us.
  • Our Adviser’s net worth is not available to satisfy our liabilities and other obligations.
  • Risks Related to Business Development Companies
  • The requirement that we invest a sufficient portion of our assets in qualifying assets could preclude us from investing in accordance with our current business strategy; conversely, the failure to invest a sufficient portion of our assets in qualifying assets could result in our failure to maintain our status as a BDC.
  • Failure to maintain our status as a BDC would reduce our operating flexibility.
  • Regulations governing our operation as a BDC and RIC affect our ability to raise capital and the way in which we raise additional capital or borrow for investment purposes, which may have a negative effect on our growth. As a BDC, the necessity of raising additional capital may expose us to risks, including risks associated with leverage.
  • Risks Related to Our Investments
  • Our investments in portfolio companies may be risky, and we could lose all or part of our investments.
  • Second-Lien and Mezzanine Debt.
  • We have invested and may continue to invest through joint ventures, partnerships and other special purpose vehicles and our investments through these vehicles may entail greater risks, or risks that we otherwise would not incur, if we otherwise made such investments directly.
  • Any strategic investments that we pursue are subject to risks and uncertainties.
  • Broadly syndicated loans, including “covenant-lite” loans, may expose us to different risks, including with respect to liquidity, price volatility, ability to restructure loans, credit risks and less protective loan documentation, than is the case with loans that contain financial maintenance covenants.
  • We may be subject to risks associated with our investments in bank loans.
  • If the assets securing the loans that we make decrease in value, then we may lack sufficient collateral to cover losses.
  • We may suffer a loss if a portfolio company defaults on a loan and the underlying collateral is not sufficient.
  • We may not realize any income or gains from our equity investments.
  • An investment strategy focused primarily on privately held companies presents certain challenges, including the lack of available information about these companies.
  • To the extent we invest in publicly traded companies, we may be unable to obtain financial covenants and other contractual rights, which subjects us to additional risks.
  • The credit ratings of certain of our investments may not be indicative of the actual credit risk of such rated instruments.
  • Prepayments of our debt investments by our portfolio companies could adversely impact our results of operations and reduce our return on equity.
  • A redemption of convertible securities held by us could have an adverse effect on our ability to achieve our investment objective.
  • To the extent original issue discount (“OID”) and payment-in-kind (“PIK”) interest income constitute a portion of our income, we will be exposed to risks associated with the deferred receipt of cash representing such income.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • Our portfolio companies may be highly leveraged.
  • If we cannot obtain debt financing or equity capital on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected.
  • Defaults by our portfolio companies could jeopardize a portfolio company’s ability to meet its obligations under the debt or equity investments that we hold which could harm our operating results.
  • Subordinated liens on collateral securing debt investments that we may make to portfolio companies may be subject to control by senior creditors with first priority liens. If there is a default, the value of the collateral may not be sufficient to repay in full both the first priority creditors and us.
  • Certain of our investments may be adversely affected by laws relating to fraudulent conveyance or voidable preferences.
  • There may be circumstances where our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.
  • We generally will not control the business operations of our portfolio companies and, due to the illiquid nature of our holdings in our portfolio companies, we may not be able to dispose of our interests in our portfolio companies.
  • We and our portfolio companies are, and will continue to be, exposed to risks associated with changes in interest rates.
  • International investments create additional risks.
  • We expose ourselves to risks when we engage in risk management activities.
  • The market structure applicable to derivatives imposed by the Dodd-Frank Act, the U.S. Commodity Futures Trading Commission (“CFTC”) and the SEC may affect our ability to use over-the-counter (“OTC”) derivatives for hedging purposes.
  • Our ability to enter into transactions involving derivatives and financial commitment transactions may be limited.

Legal proceedings

Neither we nor the Adviser are currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceeding threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us. While the outcome of any such future legal or regulatory proceedings cannot be predicted with certainty, we do not expect that any such future proceedings will have a material effect upon our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.5

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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