OneMain Financial and TPG Extend and Expand Forward Flow Agreement to Invest in Consumer and Auto Loans
OneMain Holdings and TPG have extended and expanded their long-standing capital partnership, with TPG committing through its Asset Based Finance platform to purchase approximately $2.4 billion of OneMain-originated loans through June 30, 2028.
New York, January 14, 2026 – OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers responsible access to credit, and TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, today announced the extension and expansion of their current capital partnership. Under the agreement, TPG, through its Asset Based Finance platform, will extend its commitment to purchase OneMain originated loans through June 30, 2028, and expand its commitment to approximately $2.4 billion over such term. This new commitment follows on previous TPG forward flow commitments of $1.3 billion, the latest of which expired on December 31, 2025. The extended and expanded commitment supports OneMain’s growth and funding diversification.
This partnership builds on TPG’s more than decade-long relationship with OneMain, reflecting continued confidence in OneMain’s origination platform and the quality of its assets. The increased commitment will further support OneMain’s origination growth while deepening TPG’s exposure to high-quality, asset-backed consumer and auto credit assets.
This partnership builds on TPG’s more than decade-long relationship with OneMain, reflecting continued confidence in OneMain’s origination platform and the quality of its assets. The increased commitment will further support OneMain’s origination growth while deepening TPG’s exposure to high-quality, asset-backed consumer and auto credit assets.
“Our long-term strategic partnership with TPG has been very beneficial in diversifying our funding options. We appreciate TPG’s through-the-cycle approach and agility as a true partner and look forward to finding ways to further develop our relationship,” said Jenny Osterhout, OneMain’s Chief Financial Officer.
“Our partnership with OneMain spans more than a decade and highlights the vital role private credit can play in supporting the U.S. Main Street economy,” said TJ Durkin, Managing Partner and Head of Asset Based Finance at TPG. “We are proud to be a partner to an industry leader like OneMain, whose business model is uniquely differentiated from that of typical consumer finance company.”
“Our platform has been a significant liquidity provider and partner to financial lenders since its inception in 2008. Our deep expertise in asset-backed credit positions us to execute transactions of this scale and strategic value. We look forward to working closely with OneMain in the years ahead,” said Aaron Ong, Partner, Asset-Based Finance at TPG.
About TPG
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $286 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.
About OneMain Holdings, Inc.
About OneMain Holdings, Inc.
OneMain Financial (NYSE: OMF) is the leader in offering nonprime consumers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today’s problems and reach a better financial future through personalized solutions across 47 states, available online and in 1,300 locations. OneMain is committed to making a positive impact on the people and the communities we serve. For additional information, please visit www.OneMainFinancial.com.
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TPG
San Francisco, California, United StatesTPG (Nasdaq: TPG) is a leading global alternative asset management firm, founded in San Francisco in 1992, with $229 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.
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