Pagaya launches inaugural auto resecuritization program

Pagaya (PGY) Technologies announced the closing of its first-ever auto resecuritization transaction, RPM-2026-R1 closing at ~$450M. Following the success of Pagaya’s personal loan resecuritization program, this transaction launches the RPM-R shelf, designed for investors seeking seasoned auto collateral with an established performance history. By providing access to a pool of diversified auto assets with 24 months of seasoning, this format provides investors with a “de-risked” entry point into the company’s auto loan ecosystem and diversifies its investor base. The transaction saw participation from 17 unique investors.