Mubadala Reports 6.1% Stake in Blue Owl Technology Finance Corp. II

Mubadala's subsidiary maintains a significant stake in Blue Owl, with over 10.7 million shares held by MIC Capital Management.

October 22, 2024

Mubadala Reports Significant Stake in Blue Owl

Mubadala Investment Company PJSC, through its subsidiary MIC Capital Management 85 RSC Ltd., disclosed a 6.1% ownership stake in Blue Owl Technology Finance Corp. II, according to a recent filing with the U.S. Securities and Exchange Commission. The Abu Dhabi-based company holds 10,755,600 shares of Blue Owl's common stock, demonstrating its continued investment in the financial technology sector.

The shares are directly held by MIC Capital Management, which is fully owned by Mamoura Diversified Global Holding PJSC, another Mubadala entity. Mubadala's current stake is based on Blue Owl's outstanding shares as of late September 2024. The disclosure highlights Mubadala’s ongoing involvement in U.S.-based companies, particularly in the growing tech finance space.

Mubadala’s Strategic Investments

Mubadala’s move to maintain a substantial stake in Blue Owl Technology Finance Corp. II underscores its long-term investment strategy focused on technological and financial innovation. The company, one of the UAE's largest sovereign wealth funds, continues to diversify its global holdings across sectors that include fintech, artificial intelligence, and infrastructure.

Blue Owl Technology Finance Corp. II, which focuses on providing financial solutions for middle-market companies, has attracted institutional investors like Mubadala due to its growth potential in the tech finance sector. With fintech evolving rapidly, Mubadala’s investment in Blue Owl positions it well to benefit from the company's success.