MoFo Represents Blue Owl in Purchase of up to $2 Billion of Consumer Installment Loans from Upstart

Morrison Foerster advised Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading global alternative investment manager, in the purchase of up to $2 billion of consumer installment loans from Upstart (NASDAQ: UPST), an AI lending marketplace. The purchase agreement consists of the acquisition of a back book of loans and a forward flow arrangement. ATLAS SP – a warehouse finance and securitized products business majority-owned by Apollo – provided back leverage for the transaction via a warehouse facility.  

The MoFo team was led by San Francisco finance partner Victor Liang with the support of finance associates Brittany Fox and Nicole Hammons.  

Read the press release.