Matthew Swatt
About Matthew Swatt
Matthew Swatt is Co‑Chief Accounting Officer, Co‑Treasurer, and Co‑Controller of Blue Owl Capital Corporation (OBDC) and the other Blue Owl BDCs; he is also a Managing Director at Blue Owl. He joined Owl Rock (predecessor to Blue Owl’s Credit platform) in May 2016, became an OBDC executive officer in 2021, and was appointed Co‑Chief Accounting Officer effective November 11, 2024. He holds a B.S. in Accounting from the University of Maryland and is a licensed CPA in New York . Company performance during his tenure includes a 2023 total shareholder return over 40% and total dividends of $1.59 per share, followed by 2024 return on equity over 12% and record dividends totaling $1.72 per share; portfolio borrowers delivered mid‑to‑high single‑digit EBITDA and revenue growth and have weighted average EBITDA over $200 million .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PwC (Financial Services—Alternative Investments) | Financial reporting, valuation, controls specialist | Not disclosed | Specialized in financial reporting and valuation of illiquid investments and structured products; internal controls for alt asset managers, hedge funds, BDCs, PE funds |
| Guggenheim Partners (Private Credit) | Assistant Controller | Pre–May 2016 | Led finance, accounting, and financial reporting for Private Credit group |
| Owl Rock / Blue Owl Credit platform | Managing Director; Co‑Treasurer, Co‑Controller; Co‑Chief Accounting Officer | May 2016–present; Officer since 2021; Co‑CAO effective Nov 11, 2024 | Senior finance leadership across Blue Owl BDCs; accounting oversight and controls; appointment to Co‑CAO reflects expanded responsibility |
External Roles
No external directorships or committee roles for Mr. Swatt are disclosed in OBDC filings. (Skip—no disclosure.)
Fixed Compensation
- OBDC does not directly compensate its executive officers; services are provided by employees of the Adviser (Blue Owl Credit Advisors LLC) under the Investment Advisory and Administration Agreements. OBDC reimburses the Adviser for the allocable portion of compensation for the Chief Compliance Officer and Chief Financial Officer and their staffs based on time devoted; individual base salary or bonus amounts for Mr. Swatt are not disclosed .
Performance Compensation
- Not disclosed for Mr. Swatt. As OBDC executives are compensated by the Adviser, OBDC does not report individual metrics, weightings, targets, or payouts for executive incentive compensation .
Equity Ownership & Alignment
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Shares Beneficially Owned | 2,379 | 2,379 |
| Ownership as % of Shares Outstanding | Less than 1% | Less than 1% |
| Ownership Structure | Not disclosed | Held jointly with spouse |
| Shares Outstanding (Context) | 389,732,868 | 511,046,234 |
| 10b5‑1 Trading Plans (recent) | None adopted/terminated in Q3 2024 | — |
- Hedging/pledging: OBDC’s insider trading policy prohibits short‑selling, hedging/monetization transactions, and pledging of OBDC securities by directors, officers, and Adviser personnel .
- Section 16 compliance: All directors and executive officers met SEC beneficial ownership reporting requirements in FY 2023 and FY 2024 .
Employment Terms
- Start and tenure: Joined Owl Rock in May 2016; OBDC executive officer since 2021; appointed Co‑Chief Accounting Officer effective November 11, 2024 .
- Contracts: No individual employment agreement, severance, or change‑of‑control terms for Mr. Swatt are disclosed by OBDC (executives are employees of the Adviser) .
- Governance/Conduct: Code of Business Conduct & Ethics applies to all officers; no material changes/waivers reported; no legal proceedings against directors, nominees, or officers in last 10 years .
Investment Implications
- Pay‑for‑performance visibility is limited: OBDC does not disclose individual executive compensation for Mr. Swatt because executives are paid by the Adviser; thus alignment must be inferred from firm‑level outcomes rather than personal incentive structures .
- Alignment safeguards: Small shareholding (2,379 shares; <1% of outstanding), joint ownership, prohibition on hedging/pledging, and timely Section 16 compliance reduce concerns about near‑term selling pressure or misalignment from hedging .
- Execution backdrop: As Co‑CAO since November 2024, Swatt operates amid strong company performance (2023 TSR >40%; 2024 ROE >12% and record dividends), suggesting stable platform economics and robust finance controls, but the absence of disclosed individual metrics/payouts limits direct assessment of his personal incentive levers .