Octane lands record $1.4B facility from New York Life, MetLife
What's the deal? Octane has closed a $1.4 billion forward-flow facility to fund consumer powersports and outdoor power equipment loans. New York Life Investment ManagementDealroom has a profile for this one. Try Dealroom → led as loan arranger, with MetLife Investment ManagementDealroom has a profile for this one. Try Dealroom →, Equitable, Pacific LifeDealroom has a profile for this one. Try Dealroom →, Victory Park CapitalDealroom has a profile for this one. Try Dealroom →, and AB CarValDealroom has a profile for this one. Try Dealroom → participating. It is the New York fintech's largest-ever transaction of this type.
How it works: Under the deal, the investors will purchase fixed-rate installment loans originated by Roadrunner FinancialDealroom has a profile for this one. Try Dealroom →, Octane's in-house lender. Roadrunner Account ServicesDealroom has a profile for this one. Try Dealroom →, also Octane-owned, stays on as servicer. The loans span the full spectrum of credit profiles in the powersports and outdoor power equipment markets.
The signal: The facility ranks in the top 1% of US fintech lending capital rounds over the past four years, out of 73 comparable deals. The commitment from a consortium of major life insurers reflects strong institutional appetite for niche consumer credit assets.
Why now? This marks Octane's third forward-flow partnership with funds managed by life insurers, following a $700 million facility in April 2025 that featured many of the same participants.
What's the endgame? Octane runs a vertically integrated model across powersports, RV, and outdoor power equipment lending, and has lately expanded into "Captive-as-a-Service" partnerships and the automotive market. In 2026, it has secured roughly $3.4 billion in commitments. To date, it has sold or secured more than $6.3 billion through forward-flow and whole-loan programs, plus over $5 billion issued via asset-backed securitizations.
Octane reported 37% year-over-year origination growth in the first half of 2026, passing $9 billion in all-time originations.
"Our largest-ever forward-flow facility marks a significant milestone for Octane and our capital markets program," said Nicholas Makarov, senior vice president and head of capital markets. He added that the deal reflects "the continued demand from leading institutional investors for Octane-originated assets."
Read more: merchantseye.com
