Private Credit Portfolio Analysis | Blue Owl Technology Finance Corp. Reports Q1 2025 Results
- Editor
- May 12
- 2 min read
Whats New:
Blue Owl Technology Finance Corp. reported its Q1 2025 financial results, showing significant growth in assets and stockholders' equity compared to the previous quarter. The fund's total assets increased to $13.22 billion as of March 31, 2025, up from $6.72 billion at the end of 2024. The fund also reported an increase in long-term debt and maintained its net asset value per share at $17.09.
Portfolio Dynamics:
Total assets grew to $13.22 billion as of March 31, 2025, compared to $6.72 billion at the end of 2024.
Investments owned at fair value increased to $12.07 billion, up from $6.41 billion at the end of 2024.
Cash and cash equivalents rose to $997.27 million from $252.96 million at the end of 2024.
Investment Activity:
Interest receivable increased to $86.22 million from $45.84 million at the end of 2024.
Dividends receivable rose to $13.17 million from $1.93 million at the end of 2024.
Prepaid expenses and other assets grew to $47.74 million from $10.39 million at the end of 2024.
Capital Structure:
Long-term debt increased to $5.13 billion from $2.91 billion at the end of 2024.
Stockholders' equity grew to $7.95 billion from $3.63 billion at the end of 2024.
The fund issued additional common stock, with the value increasing to $4.65 million from $2.12 million at the end of 2024.
Performance Profile:
Net asset value per share remained stable at $17.09 as of March 31, 2025, compared to $17.09 at the end of 2024.
Retained earnings grew to $276.44 million from $270.82 million at the end of 2024.
Additional paid-in capital increased to $7.67 billion from $3.35 billion at the end of 2024.
Risk & Quality:
Management fee payable increased to $27.66 million from $14.69 million at the end of 2024.
Incentive fee payable rose to $21.40 million from $11.13 million at the end of 2024.
The fund reported unrealized losses on investments of $20.74 million for Q1 2025.
The Wrap:
Blue Owl Technology Finance Corp. demonstrated strong growth in Q1 2025, with significant increases in total assets, investments at fair value, and stockholders' equity. The fund's net asset value per share remained stable, reflecting consistent performance. However, the increase in long-term debt and various fee payables suggests higher costs associated with the fund's expanded operations and investment activities. The fund also reported unrealized losses on investments, indicating potential market volatility or challenges in the portfolio.
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