Pagaya Technologies LTD. announced the closing of RPM 2025-1, a $300 million AA-rated auto loan asset-backed securitization (ABS) transaction. This deal saw participation from 14 unique investors, with the majority being repeat investors, and was substantially oversubscribed. This reflects continued strong capital markets demand for Pagaya’s assets.
The execution of RPM 2025-1 supports Pagaya's financial strategy to reduce its net use of capital and balance sheet for the funding activity of its Auto loan program. This move enhances capital efficiency and aligns with the company's focus on profitable verticals.
Since 2018, Pagaya has raised nearly $27 billion across 66 ABS transactions to fund loan originations across multiple products, including personal loans and auto. Sahil Chandiramani, Pagaya’s Head of Capital Markets, emphasized the demand for their AI-driven assets and the focus on cost-efficient investment opportunities through diversification and scale.
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