junkbondinvestor on X
Blue Owl's Tech BDC ($OTF) just posted Q3. NAV surprisingly increased, helped by $55mm of buybacks. Good on them for the conviction Meanwhile, non-accruals at cost 3x'd (0.6% to 1.8%). At fair value, they went from 0.1% to 1.1%. NII still doesn't cover the base dividend Management calls this a “strong” quarter though
