Pagaya Technologies (PGY) said Thursday that it has entered into a new forward flow agreement with funds managed by Blue Owl Capital (OWL) to purchase up to $2.4 billion in consumer loans via the Pagaya network over two years.
The company said the forward flow program allows it to efficiently fund loan originations, complementing its asset-backed securitization program, which has raised more than $26 billion since its inception.
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