Blue Owl Credit Income Corp. Reports $20.7B in Total Share Proceeds

Strong momentum in public and private offerings accompanies a diversified credit portfolio and stable leverage metrics.

October 27, 2025

Fundraising Momentum Continues

Blue Owl Credit Income Corp. is continuing to scale. The firm has raised approximately $20.7 billion across its public and private offerings as of October 1, 2025. That includes over 2.19 billion common shares issued across Class S, Class D, and Class I, reflecting steady demand for its credit-focused strategy.

Class I shares represent the bulk of the fundraising, with $11.7 billion raised through the public channel and $1.46 billion through private sales. Class S and Class D added another $6.5 billion and $980 million, respectively. These numbers do not factor in reinvested distributions, which are tracked separately.

Per its pricing policy, Blue Owl sets monthly public offering prices based on each share class’s NAV from the prior month-end, adjusted for any applicable sales loads. For October 1, the firm priced Class S shares at $9.71, Class D at $9.53, and Class I at $9.41.

Credit Deployment and Portfolio Breakdown

The firm is putting that capital to work. As of September 30, Blue Owl’s portfolio spanned 336 companies, with total debt exposure at a par value of $32.35 billion. The vast majority— 88.8% —was first lien debt. The remainder included second lien, unsecured debt, preferred and common equity, and joint venture interests.

Sector exposure is concentrated in healthcare, software, and insurance. Healthcare providers and services led the way at 14.8% of the portfolio by par value, followed by internet software and insurance at 10.8% and 8.5%, respectively. Most of the portfolio’s debt investments— 98.7% —carry floating rates, helping to align with current interest rate trends.

Leverage, Liquidity, and Debt Capacity

As of September 30, Blue Owl’s average debt-to-equity ratio stood at 0.69x. The company maintains a mix of revolving credit facilities, SPV asset-backed lines, and CLOs. In total, it had $21.7 billion in committed debt capacity, with roughly $14.7 billion drawn.

The structure is split across secured and unsecured instruments:

• 69% of the capital stack consists of secured floating rate debt


• 31% is in unsecured fixed rate debt, most of which is hedged with interest rate swaps

This combination allows the company to manage interest rate exposure and preserve funding flexibility across market environments.

What to Watch

These figures are preliminary and unaudited, and actual results may differ once finalized. The filing also notes that future outcomes could be affected by market movements or internal factors, and investors are encouraged to review the company’s full financial statements once available.

Still, the takeaway is clear: Blue Owl Credit Income Corp. continues to execute across capital raising, portfolio construction, and risk management. The firm is building on its scale—and positioning itself to stay responsive in a shifting credit landscape.