SC 13D

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

Sole Voting Power

0

Shared Voting Power

1,660,759.747 (1)

Sole Dispositive Power

0

Shared Dispositive Power

1,660,759.747

0001193125-20-222595.txt : 20200818 0001193125-20-222595.hdr.sgml : 20200818 20200817190158 ACCESSION NUMBER: 0001193125-20-222595 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20200818 DATE AS OF CHANGE: 20200817 GROUP MEMBERS: I35 ADVISORS, INC. GROUP MEMBERS: KIRK L. RIMER GROUP MEMBERS: MICHAEL R. SILVERMAN GROUP MEMBERS: OAK LAWN DIRECT INVESTORS GP, L.L.C. GROUP MEMBERS: ORCC III WAREHOUSE L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Owl Rock Capital Corp III CENTRAL INDEX KEY: 0001807427 IRS NUMBER: 844493477 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-91621 FILM NUMBER: 201111204 BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 419-3000 MAIL ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CH Investment Partners, L.L.C. CENTRAL INDEX KEY: 0001786096 IRS NUMBER: 384108790 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 3953 MAPLE AVENUE STREET 2: SUITE 250 CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 214-661-8207 MAIL ADDRESS: STREET 1: 3953 MAPLE AVENUE STREET 2: SUITE 250 CITY: DALLAS STATE: TX ZIP: 75219 SC 13D 1 d161309dsc13d.htm SC 13D SC 13D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. )*

OWL ROCK CAPITAL CORPORATION III

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

N/A

(CUSIP Number)

CH Investment Partners, L.L.C.

Attn: Diane Tobin

3953 Maple Avenue, Suite 250

Dallas, TX 75219

(214) 661-8333

with a copy to:

Evan K. Hall, Esq.

Haynes and Boone, LLP

2323 Victory Avenue, Suite 700

Dallas, Texas 75219

(214) 651-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 13, 2020

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. N/A


1.		Names of Reporting Persons CH Investment Partners, L.L.C.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

(1)	See Item 2(a) herein.

(2)	Based upon 5,242,469.937 shares of Common Stock outstanding as of August 13, 2020, as disclosed by the Issuer to the Reporting Persons in connection with the issuance of additional shares of Common Stock.

CUSIP No. N/A


1.		Names of Reporting Persons ORCC III Warehouse L.L.C.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) WC
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

(1)	See Item 2(a) herein.

(2)	Based upon 5,242,469.937 shares of Common Stock outstanding as of August 13, 2020, as disclosed by the Issuer to the Reporting Persons in connection with the issuance of additional shares of Common Stock.

CUSIP No. N/A


1.		Names of Reporting Persons Oak Lawn Direct Investors GP, L.L.C.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Delaware

(1)	See Item 2(a) herein.

(2)	Based upon 5,242,469.937 shares of Common Stock outstanding as of August 13, 2020, as disclosed by the Issuer to the Reporting Persons in connection with the issuance of additional shares of Common Stock.

CUSIP No. N/A


1.		Names of Reporting Persons I35 Advisors, Inc.
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization Texas

(1)	See Item 2(a) herein.

(2)	Based upon 5,242,469.937 shares of Common Stock outstanding as of August 13, 2020, as disclosed by the Issuer to the Reporting Persons in connection with the issuance of additional shares of Common Stock.

CUSIP No. N/A


1.		Names of Reporting Persons Kirk L. Rimer
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization United States

(1)	See Item 2(a) herein.

(2)	Based upon 5,242,469.937 shares of Common Stock outstanding as of August 13, 2020, as disclosed by the Issuer to the Reporting Persons in connection with the issuance of additional shares of Common Stock.

CUSIP No. N/A


1.		Names of Reporting Persons Michael R. Silverman
2.		Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) AF
5.		Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.		Citizenship or Place of Organization United States

(1)	See Item 2(a) herein.

(2)	Based upon 5,242,469.937 shares of Common Stock outstanding as of August 13, 2020, as disclosed by the Issuer to the Reporting Persons in connection with the issuance of additional shares of Common Stock.

Item 1. Security and the Issuer

This statement on Schedule 13D (this “Schedule 13D”) relates to shares of common stock, par value $0.01 per share (the “Common Stock”), of Owl Rock Capital Corporation III, a Maryland corporation (the “Issuer”). The address of the principal executive offices of the Issuer is located at 399 Park Avenue, 38^th Floor, New York, NY 10022.

Item 2. Identity and Background

(a) This Schedule 13D is jointly filed by and on behalf of each of ORCC III Warehouse L.L.C., a Delaware limited liability company (“ORCC III Warehouse”), Oak Lawn Direct Investors GP, L.L.C., a Delaware limited liability company (“Oak Lawn”) , CH Investment Partners, L.L.C., a Delaware limited liability company (“CHIP”), I35 Advisors, Inc., a Texas corporation (“I35”), Kirk L. Rimer and Michael R. Silverman (ORCC III Warehouse, Oak Lawn, CHIP, I35, Mr. Rimer and Mr. Silverman are collectively referred to herein as the “Reporting Persons”). The Reporting Persons are filing this Schedule 13D jointly, and the agreement among the Reporting Persons to file jointly is attached hereto as Exhibit 99.1 and incorporated herein by reference (the “Joint Filing Agreement”). ORCC III Warehouse is the record and direct beneficial owner of the shares of Common Stock covered by this statement. Oak Lawn is the managing member of ORCC III Warehouse. CHIP is the investment manager of ORCC III Warehouse. As investment manager, CHIP has been granted exclusive investment discretion and investment management authority with respect to ORCC III Warehouse and the shares of Common Stock owned thereby, but CHIP does not have the power to vote (or direct the vote) of such shares. Pursuant to the Limited Liability Company Agreement of ORCC III Warehouse, the members of ORCC III Warehouse have pass-through voting rights such that if any vote or consent is required to be cast or given by ORCC III Warehouse as a shareholder of the Issuer, then CHIP must first obtain direction from the members of ORCC III Warehouse on how to cast such vote or give such consent on behalf of ORCC III Warehouse and vote the shares of Common Stock owned by ORCC III Warehouse in accordance with directions. Oak Lawn Capital Management, L.P., a Delaware limited partnership (“OLCM”), is the managing member of CHIP. I35 is the manager of Oak Lawn and the sole general partner of OLCM. Michael Silverman and Kirk Rimer are the Co-Presidents of, and may be deemed to beneficially own the securities beneficially owned by, I35 and CHIP.

(b) The address of the principal business office of each of the Reporting Persons is, c/o CH Investment Partners, L.L.C., 3953 Maple Avenue, Suite 250, Dallas, Texas 75219, USA.

(c) The principal business of ORCC III Warehouse is acquiring, holding and selling shares of Common Stock for investment purposes. The principal business of Oak Lawn is serving as the managing member of ORCC III Warehouse and as the general partner or managing member of various other affiliated pooled investment vehicles. The principal business of CHIP is serving as the investment manager of ORCC III Warehouse and providing investment management, advisory, consulting, administrative and other services to other affiliated pooled investment vehicles, separately managed accounts of advisory clients and other persons and entities. The principal business of OLCM is serving as the managing member of CHIP. The principal business of I35 is serving as the manager of Oak Lawn, the general partner of OLCM and the managing member or general partner of various other affiliates of CHIP. The principal business of Messrs. Rimer and Silverman is serving as Co-Presidents of CHIP and I35.

(d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) No Reporting Person has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such Reporting Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) The place of organization of each Reporting Person, other than Mr. Rimer and Mr. Silverman, is listed in paragraph (a) of this Item 2. Mr. Rimer and Mr. Silverman are citizens of the United States of America.

Item 3. Source and Amount of Funds or other Consideration

As further described in Item 6 below, ORCC III Warehouse previously entered into a subscription agreement with the Issuer, substantially in the form of Exhibit 99.2 (the “Subscription Agreement”), pursuant to which ORCC III Warehouse subscribed for and agreed to purchase shares of Common Stock with a capital commitment equal to $160,354,326 (the “Capital Commitment”). Pursuant to the Subscription Agreement, ORCC III Warehouse is required to fund drawdowns to purchase shares of Common Stock up to the amount of the Capital Commitment on an as-needed basis each time the Issuer delivers a drawdown notice to ORCC III Warehouse. The Subscription Agreement was entered into between the Issuer and ORCC III Warehouse, and the Capital Commitment was made, prior to the effective date of the Form 10 filing with respect to the Common Stock. The foregoing description of ORCC III Warehouse’s commitment to the Issuer does not purport to be complete and is qualified in its entirety by reference to the Form of Subscription Agreement between Owl Rock Capital Corporation III and ORCC III Warehouse L.L.C., which is incorporated herein by reference to Exhibit 99.2.

As of August 13, 2020, ORCC III Warehouse has purchased, and currently owns, 1,660,759.747 shares of Common Stock of the Issuer and the aggregate consideration paid for such shares of Common Stock was approximately $23,812,361 in capital contributions to the Issuer, pursuant to capital drawdown notices from the Issuer with respect to its Capital Commitment in accordance with the Subscription Agreement. Pursuant to the Subscription Agreement, (i) on June 30, 2020, ORCC III Warehouse purchased 447,827.709 shares of Common Stock from the Issuer for an aggregate purchase price of approximately $6,717,415.64, (ii) on July 24, 2020, ORCC III Warehouse purchased 729,732.213 shares of Common Stock for an aggregate purchase price of approximately $10,267,332.24, and (iii) on August 13, 2020, ORCC III Warehouse purchased 483,199.825 shares of Common Stock for an aggregate purchase price of approximately $6,827,613.53. The shares of Common Stock purchased on June 30, 2020, and July 24, 2020 were acquired prior to the registration of the Common Stock pursuant to the Form 10 filed by the Issuer and effective August 4, 2020.

The source of the funds for the purchase of shares of Common Stock was investment capital of ORCC III Warehouse. ORCC III Warehouse from time to time uses or may use a subscription line of credit to fund capital calls from the Issuer. The outstanding amounts with respect to the line of credit will be repaid by ORCC III Warehouse by making capital calls to the members of ORCC III Warehouse.

Item 4. Purpose of Transaction

The information set forth under Items 3, 5 and 6 of this Schedule 13D is incorporated herein by reference.

All shares of Common Stock of the Issuer currently owned by ORCC III Warehouse were acquired for investment purposes and ORCC III Warehouse was formed for the purpose of acquiring shares of Common Stock. Pursuant to the Subscription Agreement, ORCC III Warehouse is obligated to purchase additional shares of Common Stock from the Issuer from time to time for an aggregate purchase price not to exceed its Capital Commitment.

ORCC III Warehouse intends to review its investment in the Issuer on a continuing basis and depending on such review may consider from time to time various alternative courses of action. Each of the Reporting Persons reserves the right, in light of its ongoing evaluation of the Issuer’s financial condition, business, operations and prospects, the market price and availability of the shares of Common Stock or other securities of the Issuer, conditions in the securities markets generally, general economic and industry conditions, regulatory requirements, other investment opportunities available to it, its business and investment objectives and other relevant factors, to change its plans and intentions at any time or to take such actions with respect to its investment in the Issuer as it deems appropriate. In particular, any one or more of the Reporting Persons (and their respective affiliates) reserves the right, in each case subject to any applicable law and any applicable restrictions, conditions or limitations set forth in the Subscription Agreement and other applicable agreements, to (i) purchase additional shares of Common Stock, commit to purchase additional shares of Common Stock or make a new or additional capital commitment to the Issuer with respect to the purchase of shares of Common Stock or other securities of the Issuer, (ii) sell or transfer the securities beneficially owned by them from time to time in public (open-market) or private transactions or an underwritten offering (including the sale or transfer of all or a portion of the shares of Common Stock owned by ORCC III Warehouse to one or more affiliates of the Reporting Persons), (iii) cause any of the Reporting Persons to distribute in kind to their respective partners or members, as the case may be, securities of the Issuer owned by such entities, (iv) enter into privately negotiated derivative transactions with institutional counterparties to hedge the market risk of some or all of their positions in the securities of the Issuer and (v) consider participating in a business combination transaction that would result in the acquisition of all of the Issuer’s outstanding shares of Common Stock.

Except to the extent that the foregoing may be deemed to be a plan or proposal, none of the Reporting Persons currently has any plans or proposals that relate to or would result in any of the actions specified in clause (a) through (j) of Item 4 of Schedule 13D. Depending upon the foregoing factors and to the extent deemed advisable in light of their general investment policies, or other factors, the Reporting Persons may, at any time and from time to time, formulate other purposes, plans or proposals regarding the Issuer or the Common Stock, or any other actions that could involve one or more of the types of transactions or have one or more of the results described in paragraphs (a) through (j) of Item 4 of Schedule 13D. The foregoing is subject to change at any time, and there can be no assurance that any of the Reporting Persons will take any of the actions set forth above.

Item 5. Interest in Securities of the Issuer

The information set forth in Items 3 and 4 of this Schedule 13D is hereby incorporated herein by reference.

(a) The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover page(s) hereto.

Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer.

(b) Number of shares as to which each Reporting Person has:

(i)

sole power to vote or to direct the vote:

See Item 7 on the cover page(s) hereto.

(ii)

shared power to vote or to direct the vote:

See Item 8 on the cover page(s) hereto.

(iii)

sole power to dispose or to direct the disposition of:

See Item 9 on the cover page(s) hereto.

(iv)

shared power to dispose or to direct the disposition of:

See Item 10 on the cover page(s) hereto.

As of the date hereof, no Reporting Person directly owns or holds any shares of Common Stock of the Issuer other than ORCC III Warehouse, as the direct beneficial owner of the securities covered by this statement. Except to the extent of their pecuniary interest, each of the Reporting Persons (other than ORCC III Warehouse) disclaims beneficial ownership of the shares of the Common Stock reported herein and the filing of this Schedule 13D shall not be construed as an admission that any such Reporting Person is the beneficial owner of any securities covered by this statement.

As of the date hereof, no Reporting Person owns any shares of Common Stock of the Issuer other than as set forth in this Item 5.

(c) Other than as set forth in this Schedule 13D, there have been no transactions in the class of securities reported on that were effected by the Reporting Persons during the past sixty days or since the most recent filing of Schedule 13D, whichever is less.

(d) Not applicable.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The information set forth in Item 4 and Item 3 of this Schedule 13D is hereby incorporated herein by reference.

As described in Item 3 above, ORCC III Warehouse has entered into the Subscription Agreement with the Issuer, pursuant to which ORCC III Warehouse has subscribed for and agreed to purchase shares of Common Stock of the Issuer with a Capital Commitment of $160,354,326. ORCC III Warehouse is required under the Subscription Agreement to purchase shares of Common Stock of the Issuer up to the amount of the Capital Commitment within 10 days of receipt of a capital drawdown notice from the Issuer. The Subscription Agreement contains customary representations, warranties and covenants of the Issuer and ORCC III Warehouse, and customary indemnification provisions in favor of the Issuer.

Except as described in this Schedule 13D, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the shares of Common Stock of the Issuer.

Item 7. Material to be Filed as Exhibits

The following exhibits are filed as exhibits hereto:


Exhibit		Description of Exhibit

24.1		Power of Attorney (filed herewith).

99.1		Joint Filing Agreement (filed herewith).

99.2		Form of Subscription Agreement between Owl Rock Capital Corporation III and ORCC III Warehouse L.L.C. (incorporated by reference to Exhibit 4.1 to the Issuer’s Form 10-12G/A filed with the Securities and Exchange Commission July 17, 2020).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date: August 17, 2020	ORCC III WAREHOUSE L.L.C.

	By:	Oak Lawn Direct Investors GP, L.L.C.
	Its:	Managing Member

	By:	I35 Advisors, Inc.
	Its:	Manager

	By:	/s/ Diane Tobin
	Name:	Diane Tobin
	Title:	Authorized Signatory
	Date:	August 17, 2020

	OAK LAWN DIRECT INVESTORS GP, L.L.C.

	By:	I35 Advisors, Inc.
	Its:	Manager

	By:	/s/ Diane Tobin
	Name:	Diane Tobin
	Title:	Authorized Signatory
	Date:	August 17, 2020

	I35 ADVISORS, INC.

	By:	/s/ Diane Tobin
	Name:	Diane Tobin
	Title:	Authorized Signatory
	Date:	August 17, 2020

	CH INVESTMENT PARTNERS, L.L.C.

	By:	Oak Lawn Capital Management, L.P.
	Its:	Managing Member

	By:	I35 Advisors, Inc.
	Its:	General Partner

	By:	/s/ Diane Tobin
	Name:	Diane Tobin
	Title:	Authorized Signatory
	Date:	August 17, 2020


KIRK L. RIMER

By:		/s/ Diane Tobin
Name:		Diane Tobin
Title:		Authorized Signatory
Date:		August 17, 2020

MICHAEL R. SILVERMAN

By:		/s/ Diane Tobin
Name:		Diane Tobin
Title:		Authorized Signatory
Date:		August 17, 2020

EX-24.1 2 d161309dex241.htm EX-24.1 EX-24.1

EXHIBIT 24.1

POWER OF ATTORNEY

Know by all these presents, that each of the undersigned do hereby constitute and appoint Diane Tobin, signing singly, as each of the undersigned’s true and lawful attorney-in-fact to:

prepare, execute for and on behalf of each of the undersigned, in each of the undersigned’s name, place and stead in any and all capacities related to securities held by each of the undersigned, any and all filings by each of the undersigned or each of Kirk L. Rimer, Michael R. Silverman, Oak Lawn Direct Investors GP, L.L.C. (“Oak Lawn”), I35 Advisors, Inc. (“I35”), CH Investment Partners, L.L.C. (“CHIP”), ORCC III Warehouse, L.L.C. (“ORCC III Warehouse”, and together with Mr. Rimer, Mr. Silverman, Oak Lawn, I35 and CHIP, the “Companies”) with the United States Securities and Exchange Commission (the “SEC”) (a) pursuant to Section 13 of the Securities Exchange Act of 1934 and the rules thereunder, as amended, and (b) pursuant to Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, as amended, and with respect to either of the foregoing clauses (a) and (b), any other forms or reports each of the undersigned or the Companies may be required to file in connection with each of the undersigned’s ownership, acquisition, or disposition of securities in Owl Rock Capital Corporation III;

do and perform any and all acts for and on behalf of each of the undersigned which may be necessary or desirable to complete, execute and deliver any such filing as described in paragraph (1) above, or other form or report, and timely file such form or report with the SEC and any stock exchange or similar authority; and

take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, each of the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of each of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

Each of the undersigned hereby grants to each attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as each of the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. Each of the undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of each of the undersigned, is not assuming, nor are the Companies assuming, each of the undersigned’s responsibilities to comply with Section 13 or Section 16 of the Securities Exchange Act of 1934 and the rules thereunder, as amended.

This Power of Attorney shall remain in full force and effect until each of the undersigned is no longer required to file any such filing as described in paragraph (1) above, unless earlier revoked by each of the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

IN WITNESS WHEREOF, each of the undersigned has caused this Power of Attorney to be executed as of July 29, 2020.


ORCC III WAREHOUSE, L.L.C.

By:		Oak Lawn Direct Investors GP, L.L.C., its managing member

By:		I35 Advisors, Inc., its manager

By:		/s/ Kirk L. Rimer
Name:		Kirk L. Rimer
Title:		Co-president

OAK LAWN DIRECT INVESTORS GP, L.L.C.

By:		I35 Advisors, Inc., its manager

By:		/s/ Kirk L. Rimer
Name:		Kirk L. Rimer
Title:		Co-president

I35 ADVISORS, INC.

By:		/s/ Kirk L. Rimer
Name:		Kirk L. Rimer
Title:		Co-president

CH INVESTMENT PARTNERS, L.L.C.

By:		Oak Lawn Capital Management, L.P., its managing member

By:		I35 Advisors, Inc., its general partner

By:		/s/ Kirk L. Rimer
Name:		Kirk L. Rimer
Title:		Co-president

KIRK L. RIMER

/s/ Kirk L. Rimer

MICHAEL R. SILVERMAN

/s Michael R. Silverman

EX-99.1 3 d161309dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

JOINT FILING AGREEMENT

August 17, 2020

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date first written above.


Date: August 17, 2020	ORCC III WAREHOUSE L.L.C.

	By:	Oak Lawn Direct Investors GP, L.L.C.
	Its:	Managing Member

	By:	I35 Advisors, Inc.
	Its:	Manager

	By:	/s/ Diane Tobin
	Name:	Diane Tobin
	Title:	Authorized Signatory
	Date:	August 17, 2020

	OAK LAWN DIRECT INVESTORS GP, L.L.C.

	By:	I35 Advisors, Inc.
	Its:	Manager

	By:	/s/ Diane Tobin
	Name:	Diane Tobin
	Title:	Authorized Signatory
	Date:	August 17, 2020

	I35 ADVISORS, INC.

	By:	/s/ Diane Tobin
	Name:	Diane Tobin
	Title:	Authorized Signatory
	Date:	August 17, 2020


				CH INVESTMENT PARTNERS, L.L.C.

				By:		Oak Lawn Capital Management, L.P.
				Its:		Managing Member

				By:		I35 Advisors, Inc.
				Its:		General Partner

				By:		/s/ Diane Tobin
				Name:		Diane Tobin
				Title:		Authorized Signatory
				Date:		August 17, 2020

				KIRK L. RIMER

				By:		/s/ Diane Tobin
				Name:		Diane Tobin
				Title:		Authorized Signatory
				Date:		August 17, 2020

				MICHAEL R. SILVERMAN

				By:		/s/ Diane Tobin
				Name:		Diane Tobin
				Title:		Authorized Signatory
				Date:		August 17, 2020