TPG expands consumer credit push with $2.4bn OneMain loan deal
TPG has agreed to buy about $2.4bn of consumer loans from OneMain Holdings under a forward-flow agreement that will run through June 2028, deepening the firm’s push into asset-based lending.
The transaction is in addition to $1.3bn of loans agreed previously, a TPG representative said.
OneMain specialises in personal and auto loans for non-prime borrowers.
Under the forward-flow structure, TPG will purchase loans before they are originated, allowing OneMain to free up balance-sheet capacity and recycle capital into new lending. The deal high…
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