Owl Rock Capital Corporation and Regents of the University of California entered into the Amended and Restated Limited Liability Company Agreement to co-manage a new lending vehicle named Sebago Lake LLC, according to a recent regulatory filing.

Sebago Lake is a 50-50 joint venture that is expected to invest in senior secured loans that are made to middle market companies or in broadly syndicated loans. The partners each contributed $100 million in capital commitments to the venture, according to the filing.

Between April 1, 2017 and June 16, 2017, Owl Rock funded US$629.7m in commitments in new portfolio companies, according to a June regulatory filing.

According to Reuters Owl Rock was founded by Douglas Ostrover, a founder of GSO Capital Partners, Blackstone Group’s credit investment unit, Marc Lipschultz, a former global head of energy and infrastructure at KKR, and Craig Packer, a former co-head of leveraged finance in the Americas at Goldman Sachs. Owl Rock currently manages more than $3 billion in assets.