Point and funds managed by Blue Owl Capital have issued a $390 million securitization of home equity investment (HEI) assets, the companies announced on Wednesday. 

The transaction, which closed on Oct. 28, is the third rated securitization so far this year and the sixth overall since 2015 for Point, a California-based home equity investment platform. It also marks the largest bond issuance in the HEI space to date, signaling the growing maturity of the asset class, according to the company.

“This transaction reflects growing confidence in home equity investments as a mainstream asset details ⇒

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