Blue Owl Credit CLO Advisers manage investments for various funds, including collateralized loan obligation (CLO) vehicles, business development companies, and separately managed accounts. Blue Owl specializes in middle market loans that are below investment grade. The firm does not tailor advice to individual investors in the CLO funds; investors must determine if the fund meets their objectives and risk tolerance.
Fee Structure
Blue Owl Credit CLO Advisers manage investments for various funds, including collateralized loan obligation (CLO) vehicles, business development companies, and separately managed accounts. The Blue Owl Credit CLO Funds generally compensate their applicable Blue Owl Credit CLO Adviser for its investment management services through annual management fees based on the value of the assets held by the Blue Owl Credit CLO Funds and payable quarterly in arrears. Management fees include both a senior base management fee and a subordinated management fee. Advisory fees paid by each Blue Owl Credit CLO Fund are paid from the assets of such fund and are indirectly borne by the holders of the junior-most securities issued by such fund (which will generally include the applicable Blue Owl Credit CLO Adviser, an affiliate or a Blue Owl Credit Fund). Each Blue Owl Credit CLO Adviser currently waives its rights to receive any portion of the management fees on any payment date but may end such waiver at any time.