Question · Q4 2025
Aaron Skanovich asked about Blue Owl Technology Finance Corp.'s continued confidence in software, the composition of the $900 million backlog, and private equity sponsors' commitment to investing in the space amidst real-time changes.
Answer
Erik Bissonnette, President, stated the backlog's software mix is comparable to historical levels. He noted that sponsors are re-evaluating and refocusing on enterprise-grade complexity, data gravity, workflow moats, and proprietary assets. While the application aperture might tighten slightly, he believes tremendous opportunities remain for incumbents leveraging AI tools.
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