Octane (Octane Lending Inc.) announced that it has executed a $350 million forward-flow agreement with Nuveen, the global investment leader managing $1.4 trillion in public and private assets for clients including TIAA, its parent company, and one of the world’s largest institutional investors. Guggenheim Securities acted as sole structuring advisor and arranger on the transaction.
Through this one-year agreement, Nuveen has agreed to purchase up to $350 million of fixed-rate installment powersports and outdoor power equipment loans originated by Octane’s in-house lender, Roadrunner Financial Inc. Octane’s in-house loan servicer, Roadrunner Account Services LLC will service the loans.
The transaction, Octane’s fifth forward-flow agreement to date, brings the total value of the company’s forward-flow commitments to more than $2.2 billion, the company said. The agreement also marks an expansion of Octane’s relationship with Nuveen following the successful 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,” said 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.”
“Building long-term partnerships with best-in-class originators like Octane is core to who we are as investors,” said Ken Price, managing director, private ABF at Nuveen. “Our expanded relationship with Octane reflects our confidence in the quality of their assets and the strength of their platform. We look forward to continuing to support Octane’s growth as a long-term capital partner.”
Octane said it will leverage the proceeds of this transaction to support continued platform growth. Since its founding in 2014, Octane has originated more than $8 billion in loans, issued more than $4.7 billion in asset-backed securities, and has sold or committed to sell more than $3.6 billion of secured consumer loans through whole-loan sales and forward-flow transactions. The transaction further enhances Octane’s diversified funding platform and supports the company’s continued growth.
