Upstart, an artificial intelligence lending marketplace whose platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar “relief” loans, announced a forward-flow commitment from funds managed by affiliates of Fortress Investment Group.

According to a news release, Fortress has agreed to purchase up to $1.2 billion of consumer loans originated on the Upstart platform through March 2026.

“This forward-flow agreement with Upstart reflects our continued pursuit of high-quality, risk-adjusted consumer credit assets,” said Matt Biczak, managing director at Fortress Investment Group. “Upstart’s platform provides access to a scaled, data-driven origination channel with a strong track record of credit outcomes, and we believe this agreement represents a compelling opportunity for our investors.”

Upstart highlighted the agreement with Fortress continues the large-scale partnerships that Upstart has formed to secure diversified and resilient sources of capital for use across economic cycles.

“At Upstart, we aspire to deliver the best rates and the best process for all borrowers, and market leaders like Fortress will help make that possible,” Upstart chief financial officer Sanjay Datta said. “We’re excited about the momentum we’re seeing in private credit and the confidence it shows in AI-powered lending.”

Citi will provide the debt financing to Fortress for the loan purchases, according to the news release.