<ul><li>FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital.</li><li>The deal includes $290 million of personal loans that have already been handed out, as well as debt that Blue Owl will buy over the next 18 months in a forward-flow agreement.</li><li>Upstart CEO Dave Girouard attributes gains in contribution margin and positive cash flow to efforts made to improve efficiency and operating leverage in their business.</li><li>Blue Owl's recent acquisition of Atalaya Capital Management represents a significant expansion of their alternative credit presence.</li></ul>

Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl

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