Victor Woolridge
About Victor Woolridge
Independent director (Age: 68) at Blue Owl Capital Corporation (OBDC), serving since 2021. He is currently a member of the Audit, Compensation, Nominating & Corporate Governance (NCG), and Co‑Investment Committees, and has been determined “not an interested person” under the 1940 Act at the time of his board appointment . Woolridge holds a B.S. from the University of Massachusetts at Amherst and is a Certified Commercial Investment Member (CCIM) . His background spans senior roles in real estate and credit markets at Barings Real Estate Advisers (formerly Cornerstone), Babson Capital Management, and MassMutual Financial Group, with extensive governance experience at UMass and health‑care organizations .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Barings Real Estate Advisers (Barings) | Former Managing Director; most recently Head of U.S. Capital Markets for Equity Real Estate Funds | Not disclosed; described as “formerly” in 2025 proxy | Senior capital markets leadership for equity real estate funds |
| Cornerstone Real Estate Advisers (rebranded to Barings) | VP & Managing Director; Head of Debt Capital Markets—Equities | Jan 2013 – Sep 2016 | Led equity debt capital markets |
| Cornerstone Real Estate Advisers | Vice President, Special Servicing | Jan 2010 – Jan 2013 | Special servicing leadership |
| Babson Capital Management | Managing Director | Jan 2000 – Jan 2010 | Credit and investment management |
| MassMutual Financial Group | Director of Loan Originations; Assistant Regional Director | Sep 1982 – Jan 2000 | Commercial lending leadership |
| Barings (additional detail per appointment 8‑K) | Managing Director; Head of U.S. Capital Markets for Equity Real Estate Funds & Derivatives | Since 2016 (as of 2021 appointment) | Capital markets; derivatives oversight |
External Roles
| Organization | Role | Tenure | Notes/Impact |
|---|---|---|---|
| University of Massachusetts (UMass) Board of Trustees | Trustee; former Chairman and former Chair of Committee on Administration & Finance | Since 2009 | Ongoing board leadership; fiduciary oversight |
| University of Massachusetts Global | Trustee | Since 2021 | Governance for affiliated institution |
| UMass Foundation | Investment Committee member | Since 2021 | Oversees endowment investment matters |
| Trumbull Property Income Fund | Director | Since 2022 | Real‑estate investment fund board |
| Fallon Health | Director | Since 2022 | Regional health plan governance |
| Baystate Health | Trustee; former Chairman | 2005 – 2016 | Chaired board; compensation, finance, governance, strategy committees |
Board Governance
- Committee assignments (current): Audit; Compensation; Nominating & Corporate Governance; Co‑Investment .
- Independence: Determined “not an interested person” under Section 2(a)(19) of the 1940 Act at appointment (supports governance independence for Audit/Comp/NCG roles) .
- Service within Blue Owl BDC complex: Currently serves on OBDC II, Blue Owl Technology Finance (OTF), Owl Rock Core Income Corp. (OCIC), and Owl Rock Technology Income Corp. (OTIC); previously on OBDE (to Jan 2025) and OTF II (to Mar 2025) .
- Board activity context: The OBDC Board met 20 times in fiscal 2023, reflecting a high meeting cadence for active oversight (director‑level attendance not individually disclosed) .
Fixed Compensation
Director compensation at OBDC (and across the Blue Owl BDC “Fund Complex”) is retainer‑based and paid in cash, with fees scaled to assets under management and supplemental chair/membership fees; OBDC disclosures show cash fees only (no equity shown in the director compensation tables).
| Year | OBDC – Fees Earned in Cash (Woolridge) | OBDE – Fees in Cash | Fund Complex Total (All Blue Owl BDCs) | Source |
|---|---|---|---|---|
| 2023 | $250,000 | $175,000 | $1,360,462 | |
| 2024 | $250,000 | $181,250 | $1,387,500 |
Notes:
- 2023 OBDC/OBDE amounts are part of a broader schedule where independent director annual cash retainers range from $150,000 to $250,000 based on AUM tier, plus chair retainers (Chair of the Board $15,000; Audit Chair $10,000; other committee chairs $5,000) .
- As of April 1, 2025 (for OTF), retainer tiers were enhanced at higher AUM bands up to $350,000 for the largest tier; OBDC/OBDE follow similar AUM‑linked structures (indicative of ongoing governance workload scaling) .
Performance Compensation
OBDC’s non‑employee director pay is not performance‑based; it is primarily cash retainers with meeting/chair components. No performance metrics, equity awards, or incentive plans are disclosed for OBDC directors in 2023/2024 compensation tables.
| Compensation Element / Metric | Applies to OBDC Directors? | Evidence |
|---|---|---|
| AUM‑based annual cash retainer | Yes | OBDC/OBDE fee schedules and cash compensation tables |
| Committee/Chair cash retainers | Yes | Chair retainer schedule (Board/Audit/Other committees) |
| Equity awards (RSUs/options) | Not shown | OBDC/OBDE director tables show “Fees Earned and Paid in Cash” only |
| Performance metrics (TSR, EPS, etc.) tied to pay | No | No performance metrics disclosed for directors |
| Clawback/deferral provisions | Not shown | Not disclosed in cited OBDC documents |
Other Directorships & Interlocks
| Company/Entity | Role | Status |
|---|---|---|
| OBDC II (Blue Owl Capital Corporation II) | Independent Director | Current |
| OTF (Blue Owl Technology Finance Corp.) | Independent Director | Current |
| OCIC (Owl Rock Core Income Corp.) | Independent Director | Current |
| OTIC (Owl Rock Technology Income Corp.) | Independent Director | Current |
| OBDE (Blue Owl Capital Corporation III) | Independent Director | Former (Nov 2021 – Jan 2025) |
| OTF II (Blue Owl Technology Finance II) | Independent Director | Former (Nov 2021 – Mar 2025) |
Implication: Multiple Blue Owl BDC boards create interlocks within the Fund Complex; this is common in externally managed BDCs and is mitigated by independence determinations and Co‑Investment Committee oversight for conflict‑sensitive approvals .
Expertise & Qualifications
- 35+ years across real estate credit and capital markets; leadership at Barings/Cornerstone/Babson/MassMutual supports audit/credit risk oversight .
- Financial governance experience: chairs/committees at UMass and Baystate Health; CCIM credential .
- Board’s rationale: brings experience handling complex financial transactions and issues, making him well‑qualified for OBDC’s Board .
Equity Ownership
| Item | Detail |
|---|---|
| Dollar range of OBDC equity beneficially owned (as of Oct 10, 2024) | Over $100,000 |
| Shares pledged as collateral | Not disclosed in cited documents |
| Ownership guidelines (directors) | Not disclosed for OBDC in cited excerpts |
Governance Assessment
- Independence & conflicts: He was affirmatively determined “not an interested person” upon appointment, supporting independence for key committees (Audit/Comp/NCG). His Co‑Investment Committee role is structurally important in BDCs to vet potential conflicts in co‑investment transactions .
- Engagement: OBDC’s 20 board meetings in 2023 indicate a high oversight tempo; committee assignments across Audit/Comp/NCG/Co‑Investment suggest active participation (individual attendance not disclosed) .
- Pay alignment: Director pay is cash retainer‑based (AUM‑scaled), with no performance incentives that could misalign oversight judgment; 2023/2024 disclosures show only cash fees, consistent with 1940 Act BDC governance practices .
- Network effects: Concurrent directorships across the Blue Owl BDC Fund Complex provide information flow and consistency, but represent an interlock to monitor; current independence and committee structures partially mitigate this risk .