Deals
Blue Owl Inks $2.4 Billion Deal for Pagaya Consumer Loans
This article is for subscribers only.
Blue Owl Capital Inc. agreed to buy as much as $2.4 billion of consumer loans from financial technology firm Pagaya Technologies Ltd, the latest commitment in a string of similar deals for the private credit lender.
The firm will purchase the loans over a two-year period through a so-called forward flow agreement, by which investors agree to buy up the loans before they are originated, according to a statement seen by Bloomberg.