09:06 AM EST, 02/06/2025 (MT Newswires) -- Pagaya Technologies ( PGY ) said Thursday that it has entered into a new forward flow agreement with funds managed by Blue Owl Capital (OWL) to purchase up to $2.4 billion in consumer loans via the Pagaya ( PGY ) network over two years.

The company said the forward flow program allows it to efficiently fund loan originations, complementing its asset-backed securitization program, which has raised more than $26 billion since its inception.