"We are excited to partner with Point, whom we view as the leading operator in a rapidly expanding asset class that offers homeowners a compelling alternative financing solution, said Teddy Tawil, managing director and co-head of opportunistic credit at MidOcean Partners. Point is positioned to deliver strong and sustained growth, and we look forward to supporting the company's origination efforts, added Dana Carey, chief investment officer for MidOcean Credit."
"Our partnership with MidOcean represents a significant milestone for Point and underscores the strength and scalability of our home equity investment platform, said Eddie Lim, co-founder and CEO at Point. By aligning with a sophisticated, long-term capital partner like MidOcean, we can continue to accelerate our origination efforts, expand access to flexible, payment-free investments for homeowners, and deliver high-quality assets to our institutional partners."
MidOcean Partners is partnering with Point to support origination and growth of Point's home equity investment platform through committed capital. MidOcean characterizes Point as a leading operator in a rapidly expanding asset class that offers homeowners an alternative, payment-free financing option. The partnership aims to accelerate origination efforts, expand homeowner access to flexible investments, and deliver high-quality assets to institutional partners. The move follows Blue Owl Capital's commitment to provide $2.5 billion to Point. Point was founded in 2015 by Eddie Lim, Eoin Matthews and Alex Rampell and counts investors including Andreessen Horowitz and Prudential.
Read at www.housingwire.com
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