Blue Owl and BDCs

I am aiming for dividends at the qualified dividend rate.

I have noticed that similar capital lenders like Ares are classified as BDCs, meaning their dividends are taxed as ordinary income.

However, from what I've read Blue Owl (OWL) is not a BDC, but a holding company for several BDCs including the retail OBDC that has spooked the market.

If I buy shares in OWL, this means I am eventually taxed only at the qualified dividend rate? But if I invest in OBDC, I am taxed at ordinary income?