Pagaya (PGY) Technologies announced the closing of a $600M AAA rated, personal loan ABS transaction. A total of 27 unique investors participated in the personal loan securitization, with the majority returning from prior transactions, and despite recent market volatility 4 new investors who have not previously participated in Pagaya’s PAID platform. Since 2018, Pagaya has issued more than $36B cross 86 ABS transactions with over 165 institutional investors, supporting originations across personal loan, auto, and POS programs.
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