Blue Owl Capital has committed $2.5 billion to Point, a home equity investment (HEI) platform that provides homeowners with cash in exchange for a share of their property’s future value rather than additional debt. The structure offers institutional investors exposure to U.S. owner-occupied residential real estate through contracts linked to home price appreciation instead of traditional interest and principal repayments.  

The new capital commitment comes as Point surpasses $2 billion in funded HEIs and more than 20,000 homeowners served nationwide. The company said its 2025 originations are on track to exceed 2024 volumes by more than threefold. “We’ve demonstrated our ability to deliver consistent, high-performing capital markets initiatives that align with our partners’ goals,” said Eddie Lim, co-founder and CEO of Point, noting that the Blue Owl commitment is the largest in the firms’ partnership to date.  

Blue Owl and Point have worked together since 2018, and the latest transaction extends a broader push by Blue Owl’s alternative credit platform into consumer and tech-enabled lending. In recent months, Blue Owl has acquired roughly $7 billion of PayPal’s U.S. buy-now, pay-later receivables and committed $3.4 billion to LendingClub’s loan program, $5 billion to SoFi Technologies, $2 billion to Upstart, and $350 million to home equity firm Splitero. 

The commitment also follows an oversubscribed $390 million rated securitization completed in November by Point and funds managed by Blue Owl, the sixth securitization backed by Point’s HEI assets and the largest issuance to date in the home equity investment category.