Blue Owl Adviser Accused in Lawsuit of Pocketing Inflated Fees

A Blue Owl Technology Finance Corp. investment adviser purposefully collected artificially inflated fees from the company in violation of federal law, according to a new shareholder complaint.

Blue Owl Technology Credit Advisors collected “grossly excessive” investment advisory fees when it assigned inflated values to the company’s assets and investment income, according to a complaint in the US District Court for the Southern District of New York.

The plaintiff investors allege that, because Blue Owl Technology Credit Advisors values the company’s assets and chooses its portfolio assets, the cost of both the management and incentive fee are ultimately shouldered by the ...