Owl Rock to target tech, life science companies with new BDC

The firm’s flagship mid-market lending vehicle currently has around 5% of its investments in technology.

Owl Rock Capital Partners will be putting an emphasis on technology by launching a new business development company focused on the sector, according to documents filed on Friday with the Securities and Exchange Commission.

The new vehicle, Owl Rock Technology Finance Corporation (TFC), is set to lend to high-growth technology and life science-related companies that are backed either by private equity or venture capital firms.

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