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”) ORCC III Investors, L.L.C. (“ORCC III Investors”, and together with Mr. Rimer, Mr. Silverman, Oak Lawn, I35, CHIP and ORCC III Investors, 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.


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

ORCC III INVESTORS 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