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Blue Owl First Lien Master Fund II LP

Hedge FundFund ID 805-8578291646Delaware, United States
Gross assets
$790.2M
Min. investment
$5M
Beneficial owners
58
Size rank
Top 10%
Audited
Yes
Structure
Master

About this fund

Blue Owl First Lien Master Fund II LP is a hedge fund managed by Blue Owl Credit Advisors LLC. The fund reports $790.2 million in gross assets, placing it among the top 10% of private funds by size. The stated minimum investment is $5 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.

Fund details

Fund ID805-8578291646
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundYes
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationYes
Annual auditYes
Prepared per GAAPYes
Sub-advisedNo
% of assets independently valued100%

Other funds from this manager

FundTypeGross assets
Owl Rock CLO XXII, LLCSecuritized Asset$1B
Owl Rock CLO V, LLCSecuritized Asset$680.9M
Owl Rock CLO XVI, LLCSecuritized Asset$599.4M
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Frequently asked questions

How large is Blue Owl First Lien Master Fund II LP?

Blue Owl First Lien Master Fund II LP reports $790.2 million in gross assets, among the top 10% of private funds by size.

What is the minimum investment for Blue Owl First Lien Master Fund II LP?

The stated minimum investment is $5 million.

Who manages Blue Owl First Lien Master Fund II LP?

Blue Owl First Lien Master Fund II LP is managed by Blue Owl Credit Advisors LLC.

Does Blue Owl First Lien Master Fund II LP disclose returns?

No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.

Manager

Service providers

Prime broker
None reported
Custodian
Auditor
Marketer

Reported gross assets

$790.2M▲ 33%
Mar '25 — $592.2MApr '25 — $592.2MMay '25 — $592.2MJun '25 — $592.2MJul '25 — $592.2MAug '25 — $592.2MSep '25 — $592.2MOct '25 — $592.2MNov '25 — $592.2MDec '25 — $592.2MJan '26 — $592.2MFeb '26 — $592.2MMar '26 — $790.2MApr '26 — $790.2MMay '26 — $790.2MJun '26 — $790.2M
Mar '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 10%
Larger than 90% of 67,041 private funds
Gross assets vs Hedge FundsTop 19%
Larger than 81% of 12,442 hedge funds
Minimum investmentTop 17%
Higher than 83% of funds reporting a minimum

Investor base

Adviser & related persons5%
Funds of funds53%
Non-U.S. persons11%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.