Exhibit 21.1

SUBSIDIARIES OF OWL ROCK CAPITAL CORPORATION III

Name	Jurisdiction
OR LENDING III LLC	DELAWARE
ORCC III FINANCING LLC	DELAWARE
ORCC III FINANCING II LLC	DELAWARE
OR PCF III LLC	DELAWARE
OR AH III LLC	DELAWARE
ORCC III BC 2 LLC	DELAWARE
ORCC III BC 3 LLC	DELAWARE
ORCC III BC 4 LLC	DELAWARE
ORCC III BC 5 LLC	DELAWARE
ORCC III BC 6 LLC	DELAWARE
ORCC III BC 7 LLC	DELAWARE
ORCC III BC 8 LLC	DELAWARE
ORCC III BC 9 LLC	DELAWARE
ORCC III BC 10 LLC	DELAWARE
ORCC III BC 11 LLC	DELAWARE
ORCC III BC 12 LLC	DELAWARE
ORCC III BC 13 LLC	DELAWARE