Pagaya Technologies LTD. announced the closing of PAID 2025-4, a new $600 million AAA-rated asset-backed securitization (ABS) for personal loans. This deal was oversubscribed and upsized, with 23 investors participating, including several repeat investors. This transaction contributes to Pagaya's record-breaking Q2 2025, where it raised over $2.3 billion in ABS transactions, the largest quarterly total in the company's history.
This achievement follows other significant deals in Q2, including a $300 million AAA-rated RPM auto deal and its inaugural AAA-rated POSH securitization, which created over $1 billion in funding capacity for point-of-sale loan originations. This reinforces Pagaya's consistent funding execution across diverse asset classes.
Sahil Chandiramani, Pagaya’s Head of Capital Markets, highlighted the reliability of their ABS engine and the quality of their personal loan assets. CFO Evangelos Perros emphasized the strength and precision of their capital markets engine, executing at scale and with consistency that is rare in the current environment.
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