Blue Owl Commits $2.5b In Funds To Point’s Home Equity Investment Platform

Blue Owl Capital announced Tuesday that it’s making a $2.5 billion commitment in funds it manages to home equity investment (HEI) platform Point. The newss comes just one month after the companies issued the largest securitization ever completed in the HEI space.

The new capital will allow Palo Alto, California-based Point to originate about $10 billion in HEIs over the next three years.

Point’s product provides homeowners with a lump sum of cash in exchange for a share of their home’s future appreciation, which can be used to pay off debt, finance renovations or cover other expenses. The investment is typically repaid when the home is sold or the mortgage is refinanced.

Founded in 2015 by Eddie Lim, Eoin Matthews and Alex Rampell, Point has reportedly funded more than $2 billion in HEIs for 20,000-plus homeowners. Its investors include Westcap, Andreessen Horowitz, Ribbit Capital, Greylock Partners, Bloomberg Beta, Alpaca VC and Prudential.  

Point expects its 2025 performance to be three times higher than last year’s. Blue Owl’s commitment will expand the company’s HEI capacity nationwide, the companies said. 

Lim, the CEO of Point, said the partnership with Blue Owl “positions us to scale even faster.” Ivan Zinn, head of alternative credit at Blue Owl, added that its relationship with Point dates back to 2018, but “this marks our largest commitment with Point to date.”

In early November, the companies announced a $390 million HEI securitization, with assets originated and serviced by Point. It is the first HEI securitization to comply with EU and UK securitization and transparency frameworks, broadening global investor access.

Blue Owl, which has more than $295 billion in assets under management, has increased its footprint in the HEI market.

On Monday, it also announced that funds managed by the firm — alongside Antarctica Capital and Kingsbridge Investment Partners — completed a $283.3 million rated HEI securitization with financial technology company Splitero.