Upstart AnnouncesA Programmatic Purchase Commitment From Funds Managed By Blue Owl Capital Inc; Blue Owl's Alternative Credit Strategy Will Purchase Up To $2B Of Consumer Loans On The Upstart Platform Over 18-Months. The Transaction Includes An...

Benzinga · Oct 11 02:36

Upstart AnnouncesA Programmatic Purchase Commitment From Funds Managed By Blue Owl Capital Inc; Blue Owl's Alternative Credit Strategy Will Purchase Up To $2B Of Consumer Loans On The Upstart Platform Over 18-Months. The Transaction Includes An Initial Acquisition Of A $290M Personal Loan Portfolio, Which Closed In September

Upstart (NASDAQ:UPST), the leading artificial intelligence (AI) lending marketplace, today announced a programmatic purchase commitment from funds managed by Blue Owl Capital Inc. ("Blue Owl"). Blue Owl's Alternative Credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months. The transaction includes an initial acquisition of a $290 million personal loan portfolio, which closed in September.

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Upstart AnnouncesA Programmatic Purchase Commitment From Funds Managed By Blue Owl Capital Inc; Blue Owl's Alternative Credit Strategy Will Purchase Up To $2B Of Consumer Loans On The Upstart Platform Over 18-Months. The Transaction Includes An...

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