Blue Owl Capital Inc. announced an expansion of its private wealth distribution channel in partnership with iCapital and Allfunds. This means that Allfunds' eligible clients will gain access to Blue Owl's software direct lending strategy utilizing a feeder fund solution powered by iCapital, a leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries. Blue Owl's software direct lending strategy seeks to provide investors attractive current income and the opportunity for capital appreciation by originating and making debt and equity investments in established and high-growth software and technology businesses in the United States.

The strategy's objective is to focus on businesses that are generally privately held and capital efficient market leaders, offering mission critical solutions with strong profitability, customer retention and recurring revenue.