Octane secures $350 million forward-flow agreement with Nuveen
Octane announced May 20 that it has finalized a $350 million forward-flow agreement with Nuveen, expanding the companies’ existing partnership and increasing Octane’s funding capacity for continued growth in the powersports and outdoor power equipment markets.
Under the one-year agreement, Nuveen will purchase up to $350 million of fixed-rate installment loans originated by Octane’s in-house lender, Roadrunner Financial. The loans will continue to be serviced by Roadrunner Account Services.
The deal marks Octane’s fifth forward-flow agreement and increases the company’s total forward-flow commitments to more than $2.2 billion. It also builds on a previous transaction between the two companies following the close of a $150 million whole-loan sale in 2025.
“We’re excited to build on our existing relationship with Nuveen, a highly respected institutional investor and valued long-term partner, through this forward-flow transaction,” says Nicholas Makarov, SVP and head of capital markets at Octane. “The expansion of our partnership underscores the strong performance of our assets and Octane’s continued success in building a durable, diversified funding platform supported by leading institutional investors.”
Ken Price, managing director, private ABF at Nuveen, said the agreement reflects Nuveen’s confidence in Octane’s lending platform and asset quality.
“Building long-term partnerships with best-in-class originators like Octane is core to who we are as investors,” Price says. “Our expanded relationship with Octane reflects our confidence in the quality of their assets and the strength of their platform.”
Octane said proceeds from the transaction will help support continued growth across its lending platform. Since launching in 2014, the company says it has originated more than $8 billion in loans, issued more than $4.7 billion in asset-backed securities, and sold or committed to sell more than $3.6 billion in secured consumer loans through whole-loan sales and forward-flow transactions.
The company said the agreement further strengthens its diversified funding platform as demand for financing in powersports and outdoor power equipment continues to grow.
