Concerned about your investment in Blue Owl Technology Income Corp?
The White Law Group is investigating potential claims involving Blue Owl Technology Income Corp, formally known as Owl Rock Technology Income Corp.
Blue Owl Technology Income Corp, formally known as Owl Rock Technology Income Corp., is structured as a non-diversified, closed-end management investment company. The company, a non-traded BDC, makes debt and equity investments in technology-related companies based primarily in the United States.
Shift in Performance for BDCs
According to a report from BlueVault, there has been a shift in the performance of non-traded. A forecast from Fitch for BDCs in 2024 says things might get worse, with the quality of assets possibly going down.
This could happen because the companies BDCs invest in might have more debt due to higher interest rates, and it might be harder for them to get money because the economy is slowing down. However, so far, these BDCs have had very few losses, with only about 0.3% of their investments not making money as of September 30, 2023.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience. Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
Potential Lawsuits to Recover Investment Losses
The White Law Group continues to investigate potential claims against the broker dealers that sold high risk investments such as Blue Owl Technology Income Corp. to investors. The high commission structure of these products leads to the possibility that unscrupulous financial advisors will push these products unsuitably to maximize their own commissions.
