Blue Owl Capital Corporation Common Stock (OBDC)

Competitors to Blue Owl Capital Corporation Common Stock (OBDC)

Ares Capital Corporation 

Ares Capital Corporation is one of the largest business development companies (BDCs) and operates similarly to Blue Owl Capital by providing debt and equity financing to middle-market companies. Both firms target similar investment opportunities within private equity and debt markets, competing for the same pool of borrowers and investors. Ares Capital has a larger portfolio and more diversified investments than Blue Owl, which may give it a slight edge in terms of capital raising and market presence.

New Mountain Finance Corporation

New Mountain Finance Corporation operates as a BDC and similarly seeks to provide debt and equity capital to companies in the middle-market segment. The competition between New Mountain and Blue Owl is characterized by their focus on yield-oriented investments; however, New Mountain often emphasizes a more conservative underwriting approach compared to Blue Owl. This cautious strategy may give New Mountain a strong positioning in preserving capital during downturns, indicating it may appeal more to risk-averse investors.

Oaktree Capital Management

Oaktree Capital Management competes with Blue Owl Capital primarily in the space of distressed debt and private equity investments. While Oaktree has a robust track record and specializes in troubled assets, Blue Owl focuses on more stable, yielding investments. Oaktree's established reputation and experience in the credit markets provide it a competitive advantage when selecting and managing investments, potentially leading to higher returns, especially in volatile market conditions.

Prospect Capital Corporation 

Prospect Capital Corporation is a business development company that provides private debt and equity financing. While both Blue Owl and Prospect target similar markets, Prospect has a more aggressive investment policy, often engaging in higher risk, higher reward investments. This strategy can lead to greater volatility in returns, potentially impacting investor confidence. Blue Owl’s more stable and predictable yield offerings may attract referrals from risk-averse institutions, giving Blue Owl an edge in a conservative investment environment.