Finance of America Companies has expanded its strategic partnership with funds managed by Blue Owl Capital in a move the company expects will accelerate product innovation and distribution for retirement-age borrowers seeking access to home equity. The companies said the enhanced arrangement includes a $2.5 billion commitment intended to provide scale and liquidity to support origination growth across multiple asset classes, along with a $50 million equity investment in Finance of America designed to deepen alignment between the two firms.
Finance of America, which trades on the NYSE under the ticker FOA, positions the partnership as a step toward broadening its offerings beyond its established reverse mortgage business as it works to become a full-spectrum home equity lending platform focused on retirees. The company said the product expansion is expected to complement its reverse mortgage suite while supporting responsible access to capital for needs such as aging in place, healthcare expenses, and lifestyle goals.
The companies also described a joint innovation and product development initiative focused on the continuous rollout of new financial products tailored to retirees seeking greater flexibility and security throughout retirement. Executives framed the expanded partnership as both a growth catalyst for Finance of America and a signal of increasing institutional support for retirement-focused home equity solutions.
Blue Owl, which trades on the NYSE under the ticker OWL, described Finance of America as positioned to reshape how financial products are delivered to retirees. The firms pointed to demographic momentum as a key driver of the opportunity, noting that more than 10,000 Americans turn 65 each day, a trend they said continues to expand the addressable market for home equity access.
Finance of America said it is headquartered in Plano, Texas, and provides home equity-based financing solutions, alongside capital markets and portfolio management capabilities used to optimize the distribution of originated loans to investors.
KEY QUOTES:
“This is a pivotal moment not just for Finance of America, but for the senior finance market as a whole. By aligning with Blue Owl, we are creating a platform of scale and innovation to better serve one of the fastest-growing demographics in the United States.”
Graham Fleming, Chief Executive Officer, Finance of America
“We believe Finance of America is uniquely positioned to redefine how financial products are delivered to retirees.”
David Aidi, Senior Managing Director and Co-Head of Asset Based Finance at Blue Owl
“This partnership provides the capital, the strategic alignment, and the innovation engine to build category-defining products at scale.”
Ray Chan, Senior Managing Director and Co-Head of Asset Based Finance at Blue Owl
