Edge Focus made its way into auto finance this week.

The technology-enabled private credit firm focused on consumer assets announced a loan partnership with what it called “a large private credit manager” to expand its auto program through the purchase of consumer auto receivables.

Management said the partnership marks a major milestone for Edge Focus, building on nearly 10 years of history in consumer lending assets and accelerating the firm’s expansion in the auto lending space.

According to a news release, the private credit fund partner as part of the partnership is committing up to $500 million in funding to purchase consumer auto receivables procured through the joint venture with Edge Focus.

The company said the receivables will be underwritten with Edge Focus’s proprietary Origin platform.

Following each purchase, loan performance will be regularly evaluated using Edge Focus’s proprietary Lens portfolio analytics and performance monitoring platform, according to the company.

“Our auto program has been an increasingly important part of the Edge Focus platform as we have continued to refine our underwriting and portfolio monitoring technology,” Edge Focus chief technology officer Sean Mills said. “This partnership is an important step to solidifying our role in the auto landscape and setting us up for sustainable growth.”

Over the past year, Edge Focus highlighted that it has expanded its team and capabilities to support the growth of its consumer auto business, including the addition of an auto-focused team led by Mills and senior researcher Michael Andrews.

To support this program, Edge Focus is actively increasing its access to auto originators and anticipates evaluating over $10 billion of auto loan opportunities in the next year.

As part of the joint venture, Edge Focus said it will also commit capital toward the purchase of consumer auto receivables.

To date, Edge Focus has supported the origination of over $3 billion in consumer loans.