Page 1

Exhibit 99.1 Owl Rock Capital Corp. Reports Second Quarter Net Investment Income Per Share of $ 0.30 and NAV Per Share of $ 14.90 NEW YORK- August 4 , 2021 Owl Rock Capital Corporation ( NYSE : ORCC , or the " Company " ) today reported net investment income of $ 119.1 million , or $ 0.30 per share , and net income of $ 150.2 million , or $ 0.38 per share , for the second quarter ended June 30 , 2021. Reported net asset value per share was $ 14.90 at June 30 , 2021 as compared to $ 14.82 at March 31 , 2021 . Craig W. Packer , Chief Executive Officer of Owl Rock Capital Corporation commented , “ We are extremely pleased to deliver on a number of the objectives we have discussed in prior quarters . We are now well within our target leverage range and continue to grow the portfolio , and our earnings benefited from an increase in prepayment related income . This quarter was also our third most active quarter of originations since inception , underscoring the strength of our platform . " The Company's Board of Directors has declared a third quarter 2021 dividend of $ 0.31 per share for stockholders of record as of September 30 , 2021 , payable on or before November 15 , 2021 . PORTFOLIO AND INVESTING ACTIVITY For the three months ended June 30 , 2021 , new investment commitments totaled $ 1,578.1 million across 16 new portfolio companies and 12 existing portfolio companies . This compares to $ 863.5 million for the three months ended March 31 , 2021 across 8 new portfolio companies and 11 existing portfolio companies . For the three months ended June 30 , 2021 , the principal amount of new investments funded was $ 1,405.6 million . For this period , the Company had $ 742.7 million aggregate principal amount in exits and repayments . For the three months ended March 31 , 2021 , the principal amount of new investments funded was $ 684.4 million . For this period , the Company had $ 512.2 million aggregate principal amount in exits and repayments . As of June 30 , 2021 and March 31 , 2021 , the Company had investments in 129 and 120 portfolio companies with an aggregate fair value of $ 11.9 billion and $ 11.2 billion , respectively . As of June 30 , 2021 , the average investment size in each portfolio company was $ 92.3 million based on fair value . As of June 30 , 2021 , based on fair value , our portfolio consisted of 76.2 % first lien senior secured debt investments , 16.5 % second lien senior secured debt investments , 1.6 % unsecured notes , 1.5 % preferred equity investments , 2.8 % common equity investments and 1.4 % investment funds and vehicles . As of March 31 , 2021 , based on fair value , our portfolio consisted of 77.8 % first lien senior secured debt investments , 16.0 % second lien senior secured debt investments , 1.7 % unsecured notes , 3.5 % equity investments ( ¹ ) and 1.0 % investment funds and vehicles . As of June 30 , 2021 and March 31 , 2021 , based on fair value , approximately 92.7 % and 93.8 % of the portfolio was invested in secured debt , respectively . As of June 30 , 2021 , 99.9 % of our debt investments based on fair value in our portfolio were at floating rates . As of June 30 , 2021 and March 31 , 2021 , the weighted average total yield of accruing debt and income - producing securities at fair value ( which includes interest income and amortization of fees and discounts ) remained at 8.3 % and the weighted average total yield of accruing debt and income - producing securities at amortized cost ( which includes interest income and amortization of fees and discounts ) remained at 8.2 % . ( ¹ ) As of March 31 , 2021 , preferred equity investments and common equity investments were reported in as equity investments . aggregate