Christopher Temple
About Christopher M. Temple
Independent director since 2016; age 57; Audit Committee Chair and designated audit committee financial expert. President of DelTex Capital LLC (private investment firm) since 2010; prior roles include President/Vice President at Vulcan Capital (2008–2009), Managing Director at Tailwind Capital (2008), Friend Skoler & Co. (2005–2008), and Thayer Capital Partners (1996–2004). Began career in KPMG’s audit and tax departments (licensed CPA 1989–1993); B.B.A., magna cum laude, University of Texas; M.B.A., Harvard Business School .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| DelTex Capital LLC | President | 2010–present | Private investment leadership |
| Vulcan Capital | President / Vice President | May 2009–Dec 2009; Sep 2008–May 2009 | Investment leadership |
| Tailwind Capital LLC | Managing Director | May–Aug 2008 | Operating Executive/Senior Advisor later; middle-market PE experience |
| Friend Skoler & Co., Inc. | Managing Director | May 2005–May 2008 | Private equity investing |
| Thayer Capital Partners | Managing Director | Apr 1996–Dec 2004 | Private equity investing |
| KPMG (Houston) | Audit/Tax; Licensed CPA | 1989–1993 | Accounting foundation |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Plains GP Holdings, L.P. | Director | Nov 2016–May 2024 | Compensation Committee member (Nov 2020–May 2024) |
| Plains All American Pipeline (GP) | Director | May 2009–Nov 2016 | Audit Committee member (2009–2016) |
| Clear Channel Outdoor Holdings | Director | Apr 2011–May 2016 | Audit committee service |
| Charter Communications Inc. | Director | Nov 2009–Jan 2011 | Audit committee service |
| Blue Owl Capital Corporation II (OBDC II) | Director | Since Nov 2016 | Blue Owl BDC board service |
| Blue Owl Technology Finance Corp. (OTF) | Director | Since Aug 2018 | Blue Owl BDC board service |
| Blue Owl Credit Income Corp. (OCIC) | Director | Since Sep 2020 | Blue Owl BDC board service |
| Blue Owl Technology Income Corp. (OTIC) | Director | Since Aug 2021 | Blue Owl BDC board service |
| Blue Owl Capital Corporation III (OBDE) | Director (prior) | Feb 2020–Jan 2025 | Prior Blue Owl BDC board service |
| Blue Owl Technology Finance Corp. II (OTF II) | Director (prior) | Nov 2021–Mar 2025 | Prior Blue Owl BDC board service |
| Various private companies (Brawler Industries, National HME, Loenbro, HMT, LLC) | Director | Various | Private board oversight |
Board Governance
- Independence: Determined independent under NYSE rules, the 1940 Act, and company guidelines; Audit/Nominating/Compensation/Co-Investment committees restricted to independent directors .
- Committee assignments: Audit (Chair), Compensation, Nominating & Corporate Governance (NCG), Co-Investment .
- Attendance: Board met 13 times in 2024; each incumbent director attended at least 75% of Board and committee meetings in the period served .
- Audit Committee workload: 9 formal meetings in 2024; Temple designated audit committee financial expert; Board determined concurrent audit committee service across 3+ public companies does not impair effectiveness .
- Board leadership: Independent non-executive chairman (Edward D’Alelio); classified board with staggered 3-year terms (Temple in Class II, term expiring 2027) .
Fixed Compensation
| Component | Terms (as of Dec 31, 2024) | Terms (effective Apr 1, 2025) |
|---|---|---|
| Annual Cash Retainer (by AUM tier) | $150k (<$2.5B); $175k ($2.5–5B); $200k ($5–10B); $250k (≥$10B) | $150k (<$2.5B); $200k ($2.5–5B); $250k ($5–10B); $300k ($10–15B); $350k (≥$15B) |
| Chair of Board | +$15k | +$15k |
| Audit Chair | +$10k | +$10k |
| Other Committee Chair | +$5k | +$5k |
| 2024 Director Fees | OBDC | Total from Fund Complex |
|---|---|---|
| Christopher M. Temple | $260,000 | $1,457,500 |
| 2024 Fund-by-Fund Compensation (Temple) | OBDC | OBDC II | OBDE | OCIC | OTF | OTF II | OTIC |
|---|---|---|---|---|---|---|---|
| Fees earned | $260,000 | $160,000 | $191,250 | $260,000 | $210,000 | $185,000 | $191,250 |
- Notes: Independent directors receive cash retainers, meeting fees, and chair fees; interested directors receive no director compensation .
Performance Compensation
- No performance-based compensation disclosed for independent directors (no RSUs/PSUs/options or performance metrics tied to director pay). Company has no employees; executive functions provided by Adviser; Compensation Committee meets but executives are not compensated by the Company .
Other Directorships & Interlocks
- Simultaneous service across Blue Owl BDCs (OBDC II, OTF, OCIC, OTIC) may create informational interlocks; co-investment activities governed by SEC exemptive order and reviewed by Co-Investment Committee to ensure fairness and compliance .
- Prior public company boards in energy and media (Plains GP/PAA, Clear Channel Outdoor, Charter) add audit and compensation oversight experience; reduces concurrent public board load post-May 2024 .
Expertise & Qualifications
- Audit committee financial expert; deep financial and accounting background, prior CPA; extensive private equity and credit investing experience; advanced degrees from UT and Harvard .
- Board views Temple’s broad investment management, financial and accounting knowledge as bringing valuable skills to oversight .
Equity Ownership
| Metric | Value |
|---|---|
| Shares beneficially owned (OBDC) | 51,000 shares; less than 1% |
| Ownership as % of shares outstanding | ~0.010% (51,000 / 511,046,234) |
| Dollar range of OBDC equity owned | Over $100,000 |
| Hedging/pledging policy | Directors and officers prohibited from hedging, short-selling, or pledging company securities |
| Section 16(a) filings | All directors/officers timely filed in 2024 per company review |
Insider trades: Specific Form 4 transactions are not included in the proxy; the company reports timely Section 16 compliance for 2024 .
Governance Assessment
- Strengths: Independent director with audit chair role and financial expert designation; high baseline attendance; clear prohibitions on hedging/pledging; independent chair; robust audit/Nominating/Compensation committee structures with published charters .
- Alignment: Meaningful personal ownership (over $100k; 51,000 shares), though stake is small relative to float; director compensation is cash-based, avoiding equity grant conflicts common in operating companies .
- Potential conflicts/RED FLAGS:
- Multi-entity Blue Owl interlocks and co-investment overlap require careful allocation; addressed via SEC exemptive order and a dedicated Co-Investment Committee formed Feb 18, 2025, but conflicts “may not always” be resolved in the Company’s favor—ongoing monitoring warranted .
- Heavy audit committee service load across multiple public companies considered acceptable by the Board, but investors should track time commitment and evolving responsibilities .
- Clean record: No legal proceedings of the types specified in Items 401(f)(7)–(8) in past 10 years against directors/officers; Section 16 compliance affirmed .
Committee and Meeting Reference
| Committee | Role | 2024 Meetings |
|---|---|---|
| Audit | Chair (Temple) | 9 |
| Nominating & Corporate Governance | Member | 4 |
| Compensation | Member | 3 |
| Co-Investment | Member | Formed Feb 18, 2025 |
Related Party & Co-Investment Controls
- Adviser relationship: Fees (management and incentive) paid to Adviser; executives are Adviser employees; potential allocation conflicts acknowledged; formal allocation policy seeks fair and equitable treatment over time .
- SEC exemptive relief: Co-investments permitted if “required majority” of Independent Directors makes specified fairness and alignment findings; Temple sits on Co-Investment Committee reviewing such transactions .