The company was formed in October 2021 as a Maryland Corporation and commenced operations in December 2021. The company is managed by Owl Rock Technology Advisors II LLC ("Adviser") an indirect subsidiary of Blue Owl Capital, Inc. OWL, which had approximately $138 billion of AUM as of December 31, 2022. The company's investment strategy coincides with the strategy of Owl Rock Technology Finance Corp. (KBRA Issuer/ Senior Unsecured Debt ratings of BBB/ Stable Outlook). Blue Owl's technology lending products had approximately $16.0 billon of AUM as of December 31, 2022. Rating Sensitivities In the near future, a rating upgrade is not expected. The Stable Outlook could be revised to Positive if ORTF II's asset quality remains solid despite the company's rapid growth and leverage metrics remain appropriate for the company's risk profile.