OTF Net Asset Value Per Share Decreases to $16.49
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
Net asset value per share decreased to $16.49, as compared with $17.33 last quarter, primarily driven by unrealized losses from the impact of credit spread widening on the portfolio. "First quarter volatility in technology markets drove meaningful spread widening and pressured valuations across OTF's portfolio, reflecting broader market dynamics rather than underlying credit trends," said Craig Packer, Chief Executive Officer. "We continue to see solid credit performance across our portfolio of durable, mission-critical businesses with many already taking steps to adapt to the evolving AI environment. With over $2 billion of available liquidity, we believe the current dislocation is creating a more attractive opportunity set, allowing us to remain selective as we deploy capital, ramp leverage and support ROE expansion over time."
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Analyst Views on OTF
Wall Street analysts forecast OTF stock price to rise
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 10.260
Low
14.00
Averages
15.78
High
17.00
Current: 10.260
Low
14.00
Averages
15.78
High
17.00
About OTF
Blue Owl Technology Finance Corp. is a closed-end management investment company. The Company is focused primarily on originating and making loans to and making debt and equity investments in technology-related, specifically software, companies based primarily in the United States. It originates and invests in senior secured or unsecured loans, subordinated loans or mezzanine loans, and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio Company’s common equity. Its investment objective is to maximize total return by generating current income from debt investments and other income producing securities, and capital appreciation from its equity and equity-linked investments. It may hold its investments directly or through special-purpose vehicles. Blue Owl Technology Credit Advisors LLC serves as its investment advisor.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Blue Owl Technology Finance Corp. to Release Q2 Financial Results
- Earnings Release Schedule: Blue Owl Technology Finance Corp. (OTF) will announce its financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Invitation: The company invites all interested parties to join a webcast/conference call on August 6, 2026, at 11:30 a.m. Eastern Time to discuss the financial results in detail, enhancing engagement with investors.
- Portfolio Overview: As of March 31, 2026, OTF had investments in 203 portfolio companies with an aggregate fair value of $14.1 billion, indicating its strong investment capacity and market position in the technology sector.
- External Management Structure: OTF is externally managed by Blue Owl Technology Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, showcasing its professional management advantages and resource integration capabilities within the industry.
See More
Blue Owl Technology Finance Corp. to Release Q2 Financial Results
- Earnings Release Schedule: Blue Owl Technology Finance Corp. (OTF) plans to release its financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Invitation: The company invites all interested parties to its webcast/conference call on August 6, 2026, at 11:30 a.m. Eastern Time to discuss the financial results in detail, enhancing engagement with investors.
- Portfolio Overview: As of March 31, 2026, OTF had investments in 203 portfolio companies with an aggregate fair value of $14.1 billion, indicating its strong investment capacity and market position in the technology sector.
- External Management Structure: OTF is externally managed by Blue Owl Technology Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, showcasing its professional management advantages and resource integration capabilities within the industry.
See More
Investigation into Blue Owl Capital Post-Merger Stock Decline
- Stock Price Decline: Since Blue Owl Capital issued shares to former Blue Owl Capital III shareholders on January 13, 2025, its stock price has dropped over 21%, indicating investor disappointment with post-merger performance, which could impact future fundraising capabilities.
- Technology Financing Company Performance: Following Blue Owl Technology's listing on the NYSE on June 13, 2025, its stock price has declined by over 30%, reflecting a lack of market confidence in its investment portfolio, potentially leading to investor attrition and increased capital costs.
- Potential Securities Claims Investigation: Girard Sharp, LLP is investigating whether there were undisclosed issues with the investment portfolios of Blue Owl Capital and Blue Owl Technology, which could result in losses for investors and further damage the companies' reputations and market trust.
- Legal Support and Consultation: Girard Sharp offers free consultations for former investors of Blue Owl Capital III and Blue Owl Technology II, aiming to assist affected investors in understanding their claims rights, thereby enhancing accessibility and transparency of legal support.
See More
Investigation into Blue Owl Capital Post-Merger Stock Decline
- Stock Price Decline: Since Blue Owl Capital issued shares to former Blue Owl Capital III shareholders on January 13, 2025, its stock price has dropped over 21%, indicating a weakening investor confidence that could impact the company's financing capabilities and market reputation.
- Technology Financing Concerns: Blue Owl Technology's stock has fallen more than 30% since its NYSE listing on June 13, 2025, reflecting market apprehensions regarding its investment portfolio, which may lead to diminished investor confidence in technology-related companies and affect future financing opportunities.
- Legal Investigation Initiated: Girard Sharp, LLP is investigating potential undisclosed issues within the investment portfolios of Blue Owl Capital and Blue Owl Technology, which could reveal legal liabilities and impact the companies' future compliance and investor trust.
- Investor Consultation Opportunity: Former investors of Blue Owl Capital III and Blue Owl Technology II are encouraged to contact Girard Sharp for a free consultation, providing them not only with a chance to seek compensation but also potentially prompting the companies to enhance transparency and investor relations.
See More
KBRA Assigns BBB Rating to Blue Owl Technology Finance Corp.
- Rating Support Factors: KBRA's BBB rating for Blue Owl Technology Finance Corp. is bolstered by its ties to the $159.2 billion Blue Owl Credit platform, along with SEC exemptive relief allowing co-investment with other funds managed by the adviser, enhancing its competitive position in the market.
- Portfolio Quality: As of March 31, 2026, OTF's investment portfolio includes 203 technology-focused companies, with 77.6% of the portfolio comprised of senior secured first lien loans, demonstrating strong financing capabilities and risk management in the upper middle market.
- Financial Flexibility: OTF's unsecured debt accounts for 35.8% of total debt, providing adequate asset encumbrance, while maintaining strong liquidity with approximately $1.3 billion in available bank lines and $488 million in unrestricted cash to ensure repayment of $1.325 billion in maturing debt over the next two years.
- Market Risk Factors: Despite solid credit quality, OTF faces market risks including high base rates, inflation, and geopolitical uncertainties, which could lead to increased non-accrual investments, impacting overall financial performance and asset quality.
See More
U.S. Private Credit Lenders Face Deepening Losses
- Deepening Unrealized Losses: In Q1 2026, U.S. private credit lenders reported unrealized losses of 2.35% of net asset value, marking the worst quarterly performance since Q2 2022, indicating increased strain on middle-market companies due to higher borrowing costs.
- Pressure on Cash Income: Payment-in-kind (PIK) interest income remained elevated at approximately $477 million, a 2% increase from the previous quarter but below the early 2025 peak of $633 million, highlighting investor concerns over non-cash income.
- Liquidity Risk Warning: Fitch has cautioned that rising exposure to loans with deferrable interest could pressure BDC liquidity if cash earnings are insufficient to cover dividend payments, increasing market uncertainty.
- Market Cycle Shift: Howard Mason from Renaissance Macro Research noted that private credit is entering its first real credit cycle since the Global Financial Crisis, with rising borrowing costs and AI-related pressures on software valuations particularly impacting highly leveraged deals from 2021.
See More
Blue Owl Technology Finance Corp. to Release Q2 Financial Results
- Earnings Release Schedule: Blue Owl Technology Finance Corp. (OTF) will announce its financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Invitation: The company invites all interested parties to join a webcast/conference call on August 6, 2026, at 11:30 a.m. Eastern Time to discuss the financial results in detail, enhancing engagement with investors.
- Portfolio Overview: As of March 31, 2026, OTF had investments in 203 portfolio companies with an aggregate fair value of $14.1 billion, indicating its strong investment capacity and market position in the technology sector.
- External Management Structure: OTF is externally managed by Blue Owl Technology Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, showcasing its professional management advantages and resource integration capabilities within the industry.
See More
Blue Owl Technology Finance Corp. to Release Q2 Financial Results
- Earnings Release Schedule: Blue Owl Technology Finance Corp. (OTF) plans to release its financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Invitation: The company invites all interested parties to its webcast/conference call on August 6, 2026, at 11:30 a.m. Eastern Time to discuss the financial results in detail, enhancing engagement with investors.
- Portfolio Overview: As of March 31, 2026, OTF had investments in 203 portfolio companies with an aggregate fair value of $14.1 billion, indicating its strong investment capacity and market position in the technology sector.
- External Management Structure: OTF is externally managed by Blue Owl Technology Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, showcasing its professional management advantages and resource integration capabilities within the industry.
See More
Investigation into Blue Owl Capital Post-Merger Stock Decline
- Stock Price Decline: Since Blue Owl Capital issued shares to former Blue Owl Capital III shareholders on January 13, 2025, its stock price has dropped over 21%, indicating investor disappointment with post-merger performance, which could impact future fundraising capabilities.
- Technology Financing Company Performance: Following Blue Owl Technology's listing on the NYSE on June 13, 2025, its stock price has declined by over 30%, reflecting a lack of market confidence in its investment portfolio, potentially leading to investor attrition and increased capital costs.
- Potential Securities Claims Investigation: Girard Sharp, LLP is investigating whether there were undisclosed issues with the investment portfolios of Blue Owl Capital and Blue Owl Technology, which could result in losses for investors and further damage the companies' reputations and market trust.
- Legal Support and Consultation: Girard Sharp offers free consultations for former investors of Blue Owl Capital III and Blue Owl Technology II, aiming to assist affected investors in understanding their claims rights, thereby enhancing accessibility and transparency of legal support.
See More
Investigation into Blue Owl Capital Post-Merger Stock Decline
- Stock Price Decline: Since Blue Owl Capital issued shares to former Blue Owl Capital III shareholders on January 13, 2025, its stock price has dropped over 21%, indicating a weakening investor confidence that could impact the company's financing capabilities and market reputation.
- Technology Financing Concerns: Blue Owl Technology's stock has fallen more than 30% since its NYSE listing on June 13, 2025, reflecting market apprehensions regarding its investment portfolio, which may lead to diminished investor confidence in technology-related companies and affect future financing opportunities.
- Legal Investigation Initiated: Girard Sharp, LLP is investigating potential undisclosed issues within the investment portfolios of Blue Owl Capital and Blue Owl Technology, which could reveal legal liabilities and impact the companies' future compliance and investor trust.
- Investor Consultation Opportunity: Former investors of Blue Owl Capital III and Blue Owl Technology II are encouraged to contact Girard Sharp for a free consultation, providing them not only with a chance to seek compensation but also potentially prompting the companies to enhance transparency and investor relations.
See More
KBRA Assigns BBB Rating to Blue Owl Technology Finance Corp.
- Rating Support Factors: KBRA's BBB rating for Blue Owl Technology Finance Corp. is bolstered by its ties to the $159.2 billion Blue Owl Credit platform, along with SEC exemptive relief allowing co-investment with other funds managed by the adviser, enhancing its competitive position in the market.
- Portfolio Quality: As of March 31, 2026, OTF's investment portfolio includes 203 technology-focused companies, with 77.6% of the portfolio comprised of senior secured first lien loans, demonstrating strong financing capabilities and risk management in the upper middle market.
- Financial Flexibility: OTF's unsecured debt accounts for 35.8% of total debt, providing adequate asset encumbrance, while maintaining strong liquidity with approximately $1.3 billion in available bank lines and $488 million in unrestricted cash to ensure repayment of $1.325 billion in maturing debt over the next two years.
- Market Risk Factors: Despite solid credit quality, OTF faces market risks including high base rates, inflation, and geopolitical uncertainties, which could lead to increased non-accrual investments, impacting overall financial performance and asset quality.
See More
U.S. Private Credit Lenders Face Deepening Losses
- Deepening Unrealized Losses: In Q1 2026, U.S. private credit lenders reported unrealized losses of 2.35% of net asset value, marking the worst quarterly performance since Q2 2022, indicating increased strain on middle-market companies due to higher borrowing costs.
- Pressure on Cash Income: Payment-in-kind (PIK) interest income remained elevated at approximately $477 million, a 2% increase from the previous quarter but below the early 2025 peak of $633 million, highlighting investor concerns over non-cash income.
- Liquidity Risk Warning: Fitch has cautioned that rising exposure to loans with deferrable interest could pressure BDC liquidity if cash earnings are insufficient to cover dividend payments, increasing market uncertainty.
- Market Cycle Shift: Howard Mason from Renaissance Macro Research noted that private credit is entering its first real credit cycle since the Global Financial Crisis, with rising borrowing costs and AI-related pressures on software valuations particularly impacting highly leveraged deals from 2021.
See More
