Critical Shifts:
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Major Funding Boost: Fintech company Octane has secured a new $350 million, one-year forward-flow agreement with global investment giant Nuveen (which manages $1.4 trillion in assets), with Guggenheim Securities handling the transaction setup.
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Fueling Niche Asset Credit: Under this setup, Nuveen will buy up to $350 million in fixed-rate installment loans for powersports and outdoor power equipment. The credit is originated by Octane's in-house lender (Roadrunner Financial) and handled by its internal servicer (Roadrunner Account Services).
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Deepening Capital Alliances: This marks an aggressive expansion of Octane’s existing footprint with Nuveen, building directly on a separate $150 million whole-loan sale completed between the parties last year.
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Massive Forward-Flow Milestones: This transaction represents Octane’s fifth forward-flow agreement to date, pushing the company's total cumulative forward-flow commitments past a massive $2.2 billion milestone.
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Proven Institutional Scale: Since launching in 2014, Octane has proven its platform's scale to major Wall Street buyers, producing more than $8 billion in lifelong loan originations, $4.7 billion in asset-backed securities, and selling or securing commitments for over $3.6 billion in consumer credit.
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Octane (Octane Lending, Inc.), the fintech company unlocking the power of financial products for retailers and consumers, announced today that it has executed a $350 million forward-flow agreement with Nuveen, the global investment leader managing $1.4 trillion in public and private assets for clients including TIAA, its parent company, and one of the world’s largest institutional investors. Guggenheim Securities, LLC acted as sole structuring advisor and arranger on the transaction.
Through this one-year agreement, Nuveen has agreed to purchase up to $350 million of fixed-rate installment powersports and outdoor power equipment loans originated by Octane’s in-house lender, Roadrunner Financial, Inc. Octane’s in-house loan servicer, Roadrunner Account Services, LLC, will service the loans.
The transaction, Octane’s fifth forward-flow agreement to date, brings the total value of the Company’s forward-flow commitments to more than $2.2 billion. The agreement also marks an expansion of Octane’s relationship with Nuveen following the successful close of a $150 million whole-loan sale in 2025.
“We’re excited to build on our existing relationship with Nuveen, a highly respected institutional investor and valued long-term partner, through this forward-flow transaction,” said Nicholas Makarov, SVP and Head of Capital Markets at Octane. “The expansion of our partnership underscores the strong performance of our assets and Octane’s continued success in building a durable, diversified funding platform supported by leading institutional investors.”
“Building long-term partnerships with best-in-class originators like Octane is core to who we are as investors,” said Ken Price, Managing Director, Private ABF at Nuveen. “Our expanded relationship with Octane reflects our confidence in the quality of their assets and the strength of their platform. We look forward to continuing to support Octane’s growth as a long-term capital partner.”
Octane will leverage the proceeds of this transaction to support continued platform growth. Since its founding in 2014, Octane has originated more than $8 billion in loans, issued more than $4.7 billion in asset-backed securities, and has sold or committed to sell more than $3.6 billion of secured consumer loans through whole-loan sales and forward-flow transactions.
