diff --git a/BitFaster.Caching.UnitTests/Lfu/ConcurrentLfuTests.cs b/BitFaster.Caching.UnitTests/Lfu/ConcurrentLfuTests.cs
index e74b26d4..73e9c762 100644
--- a/BitFaster.Caching.UnitTests/Lfu/ConcurrentLfuTests.cs
+++ b/BitFaster.Caching.UnitTests/Lfu/ConcurrentLfuTests.cs
@@ -43,6 +43,16 @@ public void WhenKeyIsRequestedItIsCreatedAndCached()
             result1.Should().Be(result2);
         }
 
+        [Fact]
+        public void WhenKeyIsRequestedWithArgItIsCreatedAndCached()
+        {
+            var result1 = cache.GetOrAdd(1, valueFactory.Create, 9);
+            var result2 = cache.GetOrAdd(1, valueFactory.Create, 17);
+
+            valueFactory.timesCalled.Should().Be(1);
+            result1.Should().Be(result2);
+        }
+
         [Fact]
         public async Task WhenKeyIsRequesteItIsCreatedAndCachedAsync()
         {
@@ -53,6 +63,16 @@ public async Task WhenKeyIsRequesteItIsCreatedAndCachedAsync()
             result1.Should().Be(result2);
         }
 
+        [Fact]
+        public async Task WhenKeyIsRequestedWithArgItIsCreatedAndCachedAsync()
+        {
+            var result1 = await cache.GetOrAddAsync(1, valueFactory.CreateAsync, 9).ConfigureAwait(false);
+            var result2 = await cache.GetOrAddAsync(1, valueFactory.CreateAsync, 17).ConfigureAwait(false);
+
+            valueFactory.timesCalled.Should().Be(1);
+            result1.Should().Be(result2);
+        }
+
         [Fact]
         public void WhenItemsAddedExceedsCapacityItemsAreDiscarded()
         {
@@ -852,11 +872,23 @@ public int Create(int key)
                 return key;
             }
 
+            public int Create(int key, int arg)
+            {
+                timesCalled++;
+                return key + arg;
+            }
+
             public Task<int> CreateAsync(int key)
             {
                 timesCalled++;
                 return Task.FromResult(key);
             }
+
+            public Task<int> CreateAsync(int key, int arg)
+            {
+                timesCalled++;
+                return Task.FromResult(key + arg);
+            }
         }
     }
 }
diff --git a/BitFaster.Caching.UnitTests/Lru/ConcurrentLruTests.cs b/BitFaster.Caching.UnitTests/Lru/ConcurrentLruTests.cs
index 9158d9a1..dc592913 100644
--- a/BitFaster.Caching.UnitTests/Lru/ConcurrentLruTests.cs
+++ b/BitFaster.Caching.UnitTests/Lru/ConcurrentLruTests.cs
@@ -246,7 +246,17 @@ public void WhenKeyIsRequestedItIsCreatedAndCached()
         }
 
         [Fact]
-        public async Task WhenKeyIsRequesteItIsCreatedAndCachedAsync()
+        public void WhenKeyIsRequestedWithArgItIsCreatedAndCached()
+        {
+            var result1 = lru.GetOrAdd(1, valueFactory.Create, "x");
+            var result2 = lru.GetOrAdd(1, valueFactory.Create, "y");
+
+            valueFactory.timesCalled.Should().Be(1);
+            result1.Should().Be(result2);
+        }
+
+        [Fact]
+        public async Task WhenKeyIsRequestedItIsCreatedAndCachedAsync()
         {
             var result1 = await lru.GetOrAddAsync(1, valueFactory.CreateAsync).ConfigureAwait(false);
             var result2 = await lru.GetOrAddAsync(1, valueFactory.CreateAsync).ConfigureAwait(false);
@@ -255,6 +265,16 @@ public async Task WhenKeyIsRequesteItIsCreatedAndCachedAsync()
             result1.Should().Be(result2);
         }
 
+        [Fact]
+        public async Task WhenKeyIsRequestedWithArgItIsCreatedAndCachedAsync()
+        {
+            var result1 = await lru.GetOrAddAsync(1, valueFactory.CreateAsync, "x").ConfigureAwait(false);
+            var result2 = await lru.GetOrAddAsync(1, valueFactory.CreateAsync, "y").ConfigureAwait(false);
+
+            valueFactory.timesCalled.Should().Be(1);
+            result1.Should().Be(result2);
+        }
+
         [Fact]
         public void WhenDifferentKeysAreRequestedValueIsCreatedForEach()
         {
diff --git a/BitFaster.Caching.UnitTests/Lru/ValueFactory.cs b/BitFaster.Caching.UnitTests/Lru/ValueFactory.cs
index 1aa61229..18156cfd 100644
--- a/BitFaster.Caching.UnitTests/Lru/ValueFactory.cs
+++ b/BitFaster.Caching.UnitTests/Lru/ValueFactory.cs
@@ -15,10 +15,22 @@ public string Create(int key)
             return key.ToString();
         }
 
+        public string Create<TArg>(int key, TArg arg)
+        {
+            timesCalled++;
+            return $"{key}{arg}";
+        }
+
         public Task<string> CreateAsync(int key)
         {
             timesCalled++;
             return Task.FromResult(key.ToString());
         }
+
+        public Task<string> CreateAsync<TArg>(int key, TArg arg)
+        {
+            timesCalled++;
+            return Task.FromResult($"{key}{arg}");
+        }
     }
 }
diff --git a/BitFaster.Caching/Lfu/ConcurrentLfu.cs b/BitFaster.Caching/Lfu/ConcurrentLfu.cs
index b102bcee..1ca2bce5 100644
--- a/BitFaster.Caching/Lfu/ConcurrentLfu.cs
+++ b/BitFaster.Caching/Lfu/ConcurrentLfu.cs
@@ -194,6 +194,20 @@ public void Trim(int itemCount)
             }
         }
 
+        private bool TryAdd(K key, V value)
+        {
+            var node = new LfuNode<K, V>(key, value);
+
+            if (this.dictionary.TryAdd(key, node))
+            {
+                AfterWrite(node);
+                return true;
+            }
+
+            Disposer<V>.Dispose(node.Value);
+            return false;
+        }
+
         ///<inheritdoc/>
         public V GetOrAdd(K key, Func<K, V> valueFactory)
         {
@@ -204,14 +218,38 @@ public V GetOrAdd(K key, Func<K, V> valueFactory)
                     return value;
                 }
 
-                var node = new LfuNode<K, V>(key, valueFactory(key));
-                if (this.dictionary.TryAdd(key, node))
+                value = valueFactory(key);
+                if (this.TryAdd(key, value))
                 {
-                    AfterWrite(node);
-                    return node.Value;
+                    return value;
+                }
+            }
+        }
+
+        /// <summary>
+        /// Adds a key/value pair to the cache if the key does not already exist. Returns the new value, or the 
+        /// existing value if the key already exists.
+        /// </summary>
+        /// <typeparam name="TArg">The type of an argument to pass into valueFactory.</typeparam>
+        /// <param name="key">The key of the element to add.</param>
+        /// <param name="valueFactory">The factory function used to generate a value for the key.</param>
+        /// <param name="factoryArgument">An argument value to pass into valueFactory.</param>
+        /// <returns>The value for the key. This will be either the existing value for the key if the key is already 
+        /// in the cache, or the new value if the key was not in the cache.</returns>
+        public V GetOrAdd<TArg>(K key, Func<K, TArg, V> valueFactory, TArg factoryArgument)
+        {
+            while (true)
+            {
+                if (this.TryGet(key, out V value))
+                {
+                    return value;
                 }
 
-                Disposer<V>.Dispose(node.Value);
+                value = valueFactory(key, factoryArgument);
+                if (this.TryAdd(key, value))
+                {
+                    return value;
+                }
             }
         }
 
@@ -225,14 +263,37 @@ public async ValueTask<V> GetOrAddAsync(K key, Func<K, Task<V>> valueFactory)
                     return value;
                 }
 
-                var node = new LfuNode<K, V>(key, await valueFactory(key).ConfigureAwait(false));
-                if (this.dictionary.TryAdd(key, node))
+                value = await valueFactory(key).ConfigureAwait(false);
+                if (this.TryAdd(key, value))
                 {
-                    AfterWrite(node);
-                    return node.Value;
+                    return value;
                 }
+            }
+        }
 
-                Disposer<V>.Dispose(node.Value);
+        /// <summary>
+        /// Adds a key/value pair to the cache if the key does not already exist. Returns the new value, or the 
+        /// existing value if the key already exists.
+        /// </summary>
+        /// <typeparam name="TArg">The type of an argument to pass into valueFactory.</typeparam>
+        /// <param name="key">The key of the element to add.</param>
+        /// <param name="valueFactory">The factory function used to asynchronously generate a value for the key.</param>
+        /// <param name="factoryArgument">An argument value to pass into valueFactory.</param>
+        /// <returns>A task that represents the asynchronous GetOrAdd operation.</returns>
+        public async ValueTask<V> GetOrAddAsync<TArg>(K key, Func<K, TArg, Task<V>> valueFactory, TArg factoryArgument)
+        {
+            while (true)
+            {
+                if (this.TryGet(key, out V value))
+                {
+                    return value;
+                }
+
+                value = await valueFactory(key, factoryArgument).ConfigureAwait(false);
+                if (this.TryAdd(key, value))
+                {
+                    return value;
+                }
             }
         }
 
diff --git a/BitFaster.Caching/Lru/ConcurrentLruCore.cs b/BitFaster.Caching/Lru/ConcurrentLruCore.cs
index 493ad2c1..5c6fc95d 100644
--- a/BitFaster.Caching/Lru/ConcurrentLruCore.cs
+++ b/BitFaster.Caching/Lru/ConcurrentLruCore.cs
@@ -184,6 +184,21 @@ private bool GetOrDiscard(I item, out V value)
             return true;
         }
 
+        private bool TryAdd(K key, V value)
+        {
+            var newItem = this.itemPolicy.CreateItem(key, value);
+
+            if (this.dictionary.TryAdd(key, newItem))
+            {
+                this.hotQueue.Enqueue(newItem);
+                Cycle(Interlocked.Increment(ref counter.hot));
+                return true;
+            }
+
+            Disposer<V>.Dispose(newItem.Value);
+            return false;
+        }
+
         ///<inheritdoc/>
         public V GetOrAdd(K key, Func<K, V> valueFactory)
         {
@@ -195,17 +210,41 @@ public V GetOrAdd(K key, Func<K, V> valueFactory)
                 }
 
                 // The value factory may be called concurrently for the same key, but the first write to the dictionary wins.
-                // This is identical logic in ConcurrentDictionary.GetOrAdd method.
-                var newItem = this.itemPolicy.CreateItem(key, valueFactory(key));
+                value = valueFactory(key);
 
-                if (this.dictionary.TryAdd(key, newItem))
+                if (TryAdd(key, value))
                 {
-                    this.hotQueue.Enqueue(newItem);
-                    Cycle(Interlocked.Increment(ref counter.hot));
-                    return newItem.Value;
+                    return value;
                 }
+            }
+        }
 
-                Disposer<V>.Dispose(newItem.Value);
+        /// <summary>
+        /// Adds a key/value pair to the cache if the key does not already exist. Returns the new value, or the 
+        /// existing value if the key already exists.
+        /// </summary>
+        /// <typeparam name="TArg">The type of an argument to pass into valueFactory.</typeparam>
+        /// <param name="key">The key of the element to add.</param>
+        /// <param name="valueFactory">The factory function used to generate a value for the key.</param>
+        /// <param name="factoryArgument">An argument value to pass into valueFactory.</param>
+        /// <returns>The value for the key. This will be either the existing value for the key if the key is already 
+        /// in the cache, or the new value if the key was not in the cache.</returns>
+        public V GetOrAdd<TArg>(K key, Func<K, TArg, V> valueFactory, TArg factoryArgument)
+        {
+            while (true)
+            {
+                if (this.TryGet(key, out var value))
+                {
+                    return value;
+                }
+
+                // The value factory may be called concurrently for the same key, but the first write to the dictionary wins.
+                value = valueFactory(key, factoryArgument);
+
+                if (TryAdd(key, value))
+                {
+                    return value;
+                }
             }
         }
 
@@ -221,16 +260,40 @@ public async ValueTask<V> GetOrAddAsync(K key, Func<K, Task<V>> valueFactory)
 
                 // The value factory may be called concurrently for the same key, but the first write to the dictionary wins.
                 // This is identical logic in ConcurrentDictionary.GetOrAdd method.
-                var newItem = this.itemPolicy.CreateItem(key, await valueFactory(key).ConfigureAwait(false));
+                value = await valueFactory(key).ConfigureAwait(false);
 
-                if (this.dictionary.TryAdd(key, newItem))
+                if (TryAdd(key, value))
                 {
-                    this.hotQueue.Enqueue(newItem);
-                    Cycle(Interlocked.Increment(ref counter.hot));
-                    return newItem.Value;
+                    return value;
                 }
+            }
+        }
 
-                Disposer<V>.Dispose(newItem.Value);
+        /// <summary>
+        /// Adds a key/value pair to the cache if the key does not already exist. Returns the new value, or the 
+        /// existing value if the key already exists.
+        /// </summary>
+        /// <typeparam name="TArg">The type of an argument to pass into valueFactory.</typeparam>
+        /// <param name="key">The key of the element to add.</param>
+        /// <param name="valueFactory">The factory function used to asynchronously generate a value for the key.</param>
+        /// <param name="factoryArgument">An argument value to pass into valueFactory.</param>
+        /// <returns>A task that represents the asynchronous GetOrAdd operation.</returns>
+        public async ValueTask<V> GetOrAddAsync<TArg>(K key, Func<K, TArg, Task<V>> valueFactory, TArg factoryArgument)
+        {
+            while (true)
+            {
+                if (this.TryGet(key, out var value))
+                {
+                    return value;
+                }
+
+                // The value factory may be called concurrently for the same key, but the first write to the dictionary wins.
+                value = await valueFactory(key, factoryArgument).ConfigureAwait(false);
+
+                if (TryAdd(key, value))
+                {
+                    return value;
+                }
             }
         }