Pagaya Technologies LTD. announced the closing of RPM 2025-4, a new $400 million AAA-rated auto loan asset-backed securitization (ABS) transaction. This marks the company's fourth Auto ABS deal of the year, bringing the total raised in this vertical to $1.3 billion year-to-date. The deal was oversubscribed, with 15 investors participating, including 6 new investors.
This transaction, the largest auto ABS for Pagaya in 2025, highlights continued institutional demand for the company's quality credit assets in its Auto program. The expanded investor base included a diverse mix of insurance companies, foreign and domestic pension funds, large investment managers, and hedge funds.
Sahil Chandiramani, Pagaya’s Head of Capital Markets, emphasized the capital markets engine's ability to deliver at scale across all asset classes, with demand for funding products at peak levels. He noted that consistent execution and growing demand in Auto are testaments to the strength of Pagaya's data, asset resilience, and AI-driven platform.
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