Upstart Announces Multi-Year $4 Billion Forward Flow Agreement with CastlelakeUpstart Holdings, Inc., the leading artificial intelligence (AI) lending marketplace, today announced a new multi-year forward-flow agreement with Castlelake, L.P. (“Castlelake”), a global alternative investment firm specializing in asset-based private credit. Under the agreement, Castlelake-managed funds have agreed to purchase up to $4 billion of consumer loans originated on the Upstart platform over up to 24 months through a new forward-flow arrangement. “This new commitment reflects our continued belief in the durability of Upstart consumer installment loans as attractive risk-adjusted exposure for our investors,” said John Lundquist, Partner, Specialty Finance at Castlelake. "In our view, this new agreement also recognizes what we view as consistency in Upstart’s originations across prior transactions and market environments." Since 2015, Castlelake has both acquired assets and provided asset-based private credit to consumer and small and medium-sized business loan originators.