Blue Owl Credit Funds Pledge $350M to Fintech Splitero

Alternative credit strategy funds managed by Blue Owl Capital have committed to purchasing up to $350M of home equity investments from financial technology company Splitero.

Splitero provides homeowners with a lump sum cash payment in exchange for a share of their home’s future value, which it terms “home equity investments.”

"Blue Owl is pleased to provide a capital commitment from its funds that will further enable Splitero to expand homeowners' access to capital," Ivan Zinn, head of alternative credit at Blue Owl, said in a statement. "We look forward to seeing Splitero's continued success and helping support them in this next phase of growth."

Blue Owl, which offers alternative investment solutions in private credit, general partnership stakes and real estate, had $235B of assets under management as of September 30.

Source:

https://www.prnewswire.com/news-releases/splitero-announces-350m-capital-commitment-from-blue-owl-managed-funds-302321716.html