NEW YORK, May 19, 2022 /PRNewswire/ — CapStone Holdings Inc (“CapStone”), a self-funded family office business incubator and investment group, today announced a $15 million investment with Owl Rock, a leading direct lending platform and division of Blue Owl Capital Inc. The investment is CapStone’s second round of funding to the New York-based specialty finance company in the past 12 months, continuing its focus on the technology sector.
“Owl Rock is seen as best-in-class for direct lending and a proven, market-leading manager,” said CapStone’s chairman & founder Keith J. Stone. “We believe in Owl Rock’s collaborative and solutions-driven platform in offering investment opportunities that align with our portfolio objectives.”
CapStone’s first $25 million investment with Owl Rock occurred in 2021 in the company’s Owl Rock Core Income Corp. (ORCIC)—in which CapStone has seen successful returns. The latest investment is with Owl Rock’s recently launched Owl Rock Technology Finance Corp. II (ORTF II), a successor to the original ORTF established in 2018. The new fund aims to provide investors with an attractive income stream and the potential for capital appreciation by making debt, equity, and equity-linked investments in technology-focused companies. CapStone’s funding in ORTF II represents its strategic approach to investing in technology.
Owl Rock has approximately $44.8 billion of assets under management. Owl Rock works with borrowers across industries and sectors, serving as the capital partner for leading private companies. Owl Rock’s investment philosophy is to provide companies with sizeable commitments to facilitate transactions. Owl Rock supports businesses’ growth needs with certainty, speed, and transparency throughout the investment process.
CapStone remains to build its investment portfolio focused on disruptive global technologies, including mobility and sustainability, near-term startups, and substantial real estate development projects. CapStone’s investment interest reaches globally. To read more about CapStone’s investments, visit capstoneholdingsinc.com/portfolio.
About CapStone Holdings, Inc.
CapStone Holdings, Inc. is a family office-structured holding company that keeps a balanced portfolio through investment strategies that maximize innovation and return with minimal risk. CapStone Holdings and its founders have invested across a wide range of industries for over 33 years and engage in focused philanthropic efforts. For more information, please visit us at capstoneholdingsinc.com.
About Blue Owl
Blue Owl Capital is an alternative asset manager that provides investors access to Direct Lending and GP Capital Solutions strategies through a variety of products. The firm’s breadth of offerings and permanent capital base enables it to offer a differentiated, holistic platform of capital solutions to participants throughout the private market ecosystem, including alternative asset managers and private middle market corporations. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. Blue Owl Capital’s management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. For more information, please visit us at https://www.blueowl.com/.
SOURCE CapStone Holdings, Inc.