Blue Owl Technology Income Corp. is a non-traded, perpetual-life BDC that lends mainly to large, sponsor-backed U.S. technology companies, with a focus on established enterprise software: application software, systems and infrastructure software (including cybersecurity), and fintech and payments. It invests at least 80% of total assets in technology-related companies. The portfolio is mostly directly originated first lien and unitranche floating-rate loans, including annual recurring revenue loans, with a smaller sleeve of preferred, common and specialty finance equity and joint ventures. It co-invests with other Blue Owl funds under an SEC exemptive order and uses secured credit facilities, a CLO and unsecured notes for leverage.