Upstart announced a forward-flow commitment from funds managed by affiliates of Fortress Investment Group LLC, totaling up to $1.2 billion of consumer loans. These loans will be originated on the Upstart platform through March 2026.
This agreement reflects Fortress Investment Group's pursuit of high-quality, risk-adjusted consumer credit assets, recognizing Upstart's data-driven origination channel and track record of credit outcomes. Citi will provide the debt financing for these loan purchases.
The $1.2 billion commitment is a significant addition to Upstart's diversified and resilient capital supply, crucial for supporting its rapid growth across economic cycles. This partnership underscores confidence in AI-powered lending and strengthens Upstart's financial foundation.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.