Octane closes $1.4B forward-flow deal with leading life insurance providers
Powersports fintech firm Octane announced Oct. 6 that it successfully sold $1.4 billion in consumer loans to several leading institutional investors. The transaction — a forward-flow facility — is a recurring financing arrangement where the investors will regularly purchase newly generated loans from Octane.
The leading investors were New York Life Investment Management and MetLife Investment Management — the asset manager of MetLife — along with several other investment firms. The investors agreed to purchase up to $1.4 billion in fixed-rate installment, full-spectrum powersports and outdoor power equipment loans originated by Octane’s in-house lender, Roadrunner Financial, LLC, Octane’s in-house loan servicer.
This forward-flow transaction — its largest to date — marks Octane’s third forward-flow partnership with funds managed by life insurance providers, building on its existing relationships with New York Life and MetLife, which participated in the company’s $700 million forward-flow facility announced in April 2025.
“Our largest-ever forward-flow facility marks a significant milestone for Octane and our capital markets program,” says Nicholas Makarov, senior vice president and head of capital markets at Octane. “The scale of this transaction and the quality of partners participating reflect the strength and consistency of our credit performance.”
To date, Octane has sold or secured commitments to sell more than $6.3 billion of consumer loans through its forward-flow and whole-loan programs, including approximately $3.4 billion in commitments in 2026.
The forward-flow announcement follows a busy first half of 2026 for Octane, as the company grew originations 37% year over year and surpassed $9 billion in all-time originations. Octane also announced significant Captive-as-a-Service partnerships in the powersports and RV markets, and further expanded across the powersports, outdoor power equipment, RV and marine industries.
