Blue Owl Alternative Credit Fund is a Delaware statutory trust registered as a non-diversified, closed-end interval fund managed by Blue Owl Alternative Credit Advisors II LLC. It seeks to generate current income and, to a lesser extent, long-term capital appreciation by dynamically allocating across alternative credit assets, with a focus on asset-based finance investments including consumer, commercial, financial, and real estate-backed credit, as well as liquid securitized credit, private non-sponsored corporate credit, and capital solutions.