Blue Owl Technology Finance Corp.

Good morning, everyone, and welcome to the Blue Owl Technology Finance Corp. Q2 2026 earnings call. As a reminder, this call is being recorded. At this time, I'd like to turn the call over to Mike Masticcio, head of BDC Investor Relations. Mike, please go ahead.

Thank you, Operator, and welcome to Blue Owl Technology Finance Corp. second quarter 2026 earnings conference call. Joining us on the call today are Craig Packer, Chief Executive Officer, Eric Bissonette, President, and Jonathan Lamb, Chief Financial Officer. I'd like to remind listeners that remarks made during today's call may contain forward-looking statements, which are not guarantees of future performance or results and involve a number of risks and uncertainties that are outside of the company's control. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described in OTS filings with the SEC. The company assumes no obligation to update any forward-looking statements. We'd also like to remind everyone that we'll refer to non-GAAP measures on this call, which are reconciled to GAAP figures in our earnings presentation, available on the events and presentation section of our website. Certain information discussed on this call and in the company's earnings materials, including information related to portfolio companies, was derived from third-party sources and has not been independently verified. The company makes no such representations or warranties with respect to this information. Yesterday, OTF issued its financial results for the second quarter ended June 30, 2026. Reporting adjusted net investment income per share of 30 cents and net asset value per share of $16.48. During the call today, we will be referencing materials, including the earnings press release, earnings presentation, and 10Q, which are available on the news and events section of OTS website. With that, I'll turn the call over to Craig.

Thanks, Mike. Good morning, everyone, and thank you all for joining us today. OTF delivered another strong quarter with stable net asset value, continued earnings growth, and excellent credit quality, including non-accrual rates that remain among the lowest in the industry. This performance was a direct result of the strength and resiliency of our borrowers' underlying fundamentals. Across the portfolio, our borrowers continued to generate steady organic growth in revenues and EBITDA, and we are not seeing any material signs of stress in the portfolio today. We continue to support NAV4Share through ongoing share repurchase activity, which we believe remains prudent at current trading levels. We also made good progress ramping earnings during the quarter. Adjusted NII increased, supported by continued deployment and growth in net leverage. Since our direct listing in June 2025, net leverage has increased by four-tenths of a turn and sits just inside the low end of our target range. The investment environment has improved meaningfully, and as we continue deploying capital, OTF has a clear path towards dividend coverage by the middle of next year. We have positioned the balance sheet to capitalize on this opportunity set. During the quarter, we strengthened our capital structure by issuing an unsecured bond, adding a secure debt facility, and extending the maturity of our revolving credit facility, all amid a very challenging backdrop for technology-oriented companies. Jonathan will cover this in more detail, but we have substantial liquidity and flexibility to support future portfolio growth. Looking ahead, we have several reasons to be optimistic about OTF's positioning. First, the investing environment is more attractive for technology. Reduced capital availability has allowed lenders to become more selective, leading to significantly wider spreads and stronger protections. With leverage near the low end of our target range, OTF has ample capacity to deploy capital into compelling opportunities as they emerge. Second, forward rate expectations have moved higher since the beginning of the year, which would provide a meaningful tailwind for our portfolio of predominantly floating rate loans and expand portfolio yields over time. Third, we believe the market conversation around software has continued to become more balanced. While initial AI concerns were broad-based, Investors are increasingly distinguishing between businesses vulnerable to AI disruption and those built around mission-critical platforms with embedded workflows that position them to use AI to strengthen their products and reinforce their competitive advantages. We are seeing this in the rebound of certain public software categories, including cybersecurity, as well as through partnerships between the AI model companies and established software platforms. This evolution increasingly reflects the characteristics we have long prioritized in our software portfolio and reinforces our conviction in these businesses. Finally, the lockup releases are now behind us. With 100% of OTS float fully unlocked for trading, we expect the technical selling pressure typical of newly listed stocks to ease over time, creating a clear opportunity to further broaden and diversify our shareholder base. Taken together, these developments improve both the fundamental and technical backdrop for OTF. We remain focused on disciplined execution and believe continued performance across our portfolio will ultimately be reflected in shareholder value. With that, I'll turn it over to Eric.