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Owl Rock Capital Corp. II's adviser agrees to fee waivers

Pursuant to an investment advisory agreement, Owl Rock Capital Corp. II's adviser, Owl Rock Capital Advisors LLC, has agreed to waive a part of management fees, the incentive fee on net investment income and the incentive fee on capital gains.

Owl Rock Capital Advisors agreed to waive any portion of the management fee in excess of 1.50% of the company's gross assets, excluding cash and cash equivalents but including assets purchased with borrowed amounts at the end of the two completed calendar quarters.

The adviser also agreed to waive any portion of the incentive fee on net investment income that is in excess of 17.5% of Owl Rock Capital Corp.'s pre-incentive fee net investment income. In addition, Owl Rock Capital Advisors agreed to waive any portion of the incentive fee on capital gains that is in excess of 17.5% of the company's realized capital gains.