Finance of America expands Blue Owl partnership with $2.5 billion commitment

Finance of America Companies Inc. (NYSE: FOA) and Blue Owl Capital Inc. (NYSE: OWL) announced an expanded strategic partnership valued at $2.5 billion to support home equity lending growth, according to a company statement.

The partnership includes a $2.5 billion commitment for product development and origination growth across multiple asset classes, along with a $50 million equity investment by Blue Owl in Finance of America. The companies said the arrangement will support joint innovation and product development for retirement-focused financial solutions.

Finance of America provides home equity-based financing solutions, primarily reverse mortgages for retirees. Blue Owl manages over $295 billion in assets across credit, real assets and strategic capital platforms.

"This is a pivotal moment not just for Finance of America, but for the senior finance market as a whole," said Graham Fleming, Chief Executive Officer of Finance of America. "By aligning with Blue Owl, we are creating a platform of scale and innovation to better serve one of the fastest-growing demographics in the United States."

David Aidi and Ray Chan, Senior Managing Directors and Co-Heads of Asset Based Finance at Blue Owl, said the partnership provides capital and strategic alignment to build products at scale.

The companies noted that more than 10,000 Americans enter retirement age daily, expanding the addressable market for home equity access. Finance of America is headquartered in Plano, Texas.

The announcement builds on an existing relationship between the two companies, with the equity investment aimed at creating greater long-term alignment between the firms.

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