#USA #San Diego #Blue Owl #Splitero #Antarctica Capital

Splitero Achieves Record $283.3 Million in Home Equity Investment Securitization

In a groundbreaking move within the financial technology sector, Splitero, along with funds managed by Blue Owl Capital and Antarctica Capital, has successfully closed a monumental $283.3 million securitization of home equity investments (HEI). This momentous transaction, finalized on November 25, 2025, marks a significant milestone in the evolving landscape of home equity financing.

Splitero Trust 2025-1 was instrumental in this landmark transaction, issuing various securities that garnered attention from investors far and wide. The securitization included $195.5 million of senior class A-1 rated A (low)(sf), $48 million of mezzanine class A-2 securities rated BBB (low)(sf), and $11.5 million of subordinate class B-1 securities rated BB (high)(sf), alongside $28.3 million of subordinate class B-2 securities rated B (sf). The ratings were provided by Morningstar DBRS.

The financial market reacted with overwhelming enthusiasm as the senior tranches alone reached an incredible over-subscription rate of 9.25 times. With over $2 billion in demand for the A-1 tranche, the initial reception of this HEI securitization shattered previous records for inaugural offerings, attracting not only existing investors but also enticing new entrants into the HEI market.

Michael Gifford, the founder and CEO of Splitero, expressed immense pride in this achievement. “This transaction was a monumental achievement and a significant milestone for our company,” he stated. Gifford highlighted the dedication of his team and underscored the supportive response from investors, emphasizing Splitero's strong position in the market and readiness to propel this asset class forward for both homeowners and investors alike.

Splitero's platform stands out in the financial landscape due to its innovative Maturity Match™ structure, which effectively aligns the term length of the HEI with the homeowner's existing primary mortgage timeline. This unique approach is particularly appealing as it simplifies the equity release process for homeowners, who often face challenges with traditional products like Home Equity Lines of Credit (HELOCs).

The team at Blue Owl also reiterated their commitment to support Splitero in this venture. Ivan Zinn, Head of Alternative Credit at Blue Owl, remarked, “This significant success is a testament to Splitero's platform and HEI's value as an investment.” The collaboration represents a pivotal step towards fostering solutions that align the interests of homeowners while simultaneously appealing to institutional investors.

The current state of the U.S. housing market shows that homeowners collectively possess trillions of dollars in untapped home equity. For many, traditional financing methods have become difficult to navigate, especially given the complexities and restrictions often associated with these loans. Unlike typical financing avenues, Splitero’s HEIs do not require income verification and are structured without monthly payments, presenting a flexible alternative.

Chandra Patel, Managing Partner at Antarctica Capital, acknowledged their partnership with Splitero through the HEDI™ investment program. “We have proudly partnered with Splitero to help Americans unlock substantial trapped equity in their homes. This inaugural securitization is an important milestone in Splitero's journey and validates the value of their platform,” Patel noted, indicating enthusiasm for continuing their collaboration.

Barclays Capital Inc. played a crucial role as the structuring agent for this issuance, with Barclays and Nomura Securities International acting as joint bookrunners. Additional co-managers for the transaction included StoneX Financial Inc. and Cantor Fitzgerald Co., showcasing a collaborative effort in a successful securitization.

As the landscape of home equity financing continues to evolve, Splitero's approach is set to reshape how homeowners and investors interact with home equity resources. Homeowners in multiple states including California, New York, and Texas can now leverage this innovative financing model, aiming to release the equity locked within their homes for various financial endeavors without the burden of conventional loan structures.

For further insights into Splitero and their innovative offerings, visit www.splitero.com. This recent securitization not only highlights the potential of home equity investments but also sets a precedent for future transactions in the financial sector.