Splitero, the financial technology company that provides homeowners better options to access their home equity, announced a programmatic purchase commitment from funds managed by Blue Owl Capital. Blue Owl's Alternative Credit strategy funds will purchase up to $350 million of Home Equity Investments.

Splitero is a financial technology company that provides homeowners better options to access their home equity. Founded by real estate veterans, Splitero provides a lump sum of cash in exchange for a share of the home's future value. Splitero can help homeowners in Arizona, California, Colorado, Oregon, Tennessee, Utah, Virginia, and Washington access their equity with no monthly payments or new debt.