11:01 AM EST, 12/05/2024 (MT Newswires) -- Blue Owl Capital's (OWL) alternative credit strategy funds will buy up to $350 million of Splitero's home equity investments.

The "strategic investment" offers help to more homeowners "to access equity from their homes as consumer debt reaches all-time highs and the cost of living continues to climb," Splitero said Thursday in a statement.

Additionally, Splitero expanded its home equity services to Tennessee and Virginia.

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