Owl Rock Capital Announces Appointment of Melissa Weiler to Boards of Directors

Rhea-AI Summary

Owl Rock Capital has appointed Melissa Weiler to its boards of directors for its BDCs, including Owl Rock Capital Corporation (NYSE: ORCC). This expansion increases the board to eight directors, with five being independent. Weiler, formerly with Crescent Capital Group, brings extensive experience in credit fund management and will serve on several committees, enhancing the company's governance. Co-founder Douglas Ostrover expressed confidence in her ability to contribute positively to the firm's strategic goals and investor returns.

Positive

• Appointment of Melissa Weiler enhances governance and board diversity.
• Weiler's extensive experience in credit fund management may strengthen investment strategies.

Negative

• None.

NEW YORK, Feb. 23, 2021 /PRNewswire/ -- Owl Rock Capital ("Owl Rock"), a leading alternative asset manager, today announced the appointment of Melissa Weiler to the boards of directors for its business development companies ("BDCs") Owl Rock Capital Corporation (NYSE: ORCC), Owl Rock Capital Corporation II, Owl Rock Capital Corporation III, Owl Rock Technology Finance Corp. and Owl Rock Core Income Corp.

Weiler's appointment expands the Boards to eight directors, five of whom are independent. She will be a member of the Nominating and Corporate Governance, and Audit Committees for all five boards, as well as a member of the Compensation Committee for ORCC.

Douglas Ostrover, Co-Founder of Owl Rock Capital Partners, said: "We are delighted to have Melissa join our Boards of Directors. Her experience in managing a wide range of credit funds over multiple cycles will be additive to our process as we continue to focus on delivering attractive, consistent returns to investors across a range of market environments. We look forward to working with her as a key member of our team."

Weiler most recently served as managing director and served on the management committee of Crescent Capital Group, where she was responsible for the oversight of the firm's CLO business and previously managed several multi-strategy credit funds. Prior to Crescent Capital Group, she was a managing director at Trust Company of the West where she managed several credit funds and served as lead portfolio manager for TCW's high-yield bond business. Weiler holds a B.S. in Economics from the Wharton School at the University of Pennsylvania.

About Owl Rock

Owl Rock Capital Group, together with its subsidiaries ("Owl Rock"), is a New York based direct lending platform with approximately $27.1 billion of assets under management as of December 31, 2020. Owl Rock's platform consists of multiple investment funds and products including business development companies. Owl Rock is comprised of a team of seasoned investment professionals with significant and diverse experience from some of the world's leading investment firms and financial institutions. Owl Rock's relationship-oriented approach to investing seeks to provide companies with sizeable commitments to facilitate transactions and support their growth needs with certainty, speed and transparency throughout the entire investment process. For more information, please visit us at www.owlrock.com.

Investor Contact:

Dana Sclafani 
212-651-4705 
orccir@owlrock.com

Media Contact: 

Prosek Partners 
David Wells / Josh Clarkson / Andrew Chironna 
pro-owlrock@prosek.com

 

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SOURCE Owl Rock Capital

FAQ

Who is Melissa Weiler and what is her role at Owl Rock Capital?

Melissa Weiler has been appointed to the boards of directors for Owl Rock’s BDCs, including ORCC, and will contribute to various committees.

What impact will Melissa Weiler's appointment have on Owl Rock Capital?

Her experience in managing credit funds is expected to enhance Owl Rock's governance and investment processes.

When was Melissa Weiler appointed to the Owl Rock Capital boards?

Melissa Weiler was appointed on February 23, 2021.

What is the significance of the board expansion at Owl Rock Capital?

The board expansion to eight directors, with five being independent, may improve oversight and decision-making for the company.