Pagaya completes 100th ABS transaction, pushing lifetime issuance above $44 billion
Pagaya Technologies closed its 100th asset‑backed securities deal on 12 Oct 2026, a $650 million auto‑loan ABS. The transaction involved 35 investors, five of which are new to Pagaya’s RPM shelf. The company said the deal lifts its cumulative issuance to more than $44 billion since 2018. CEO Gal Krubiner highlighted the expanded capital engine as a way to scale with lending partners and give investors access to AI‑underwritten consumer assets.
Why it matters
Pagaya says the expanded capital engine will allow it to scale its lending partnerships and provide investors with high‑performing, AI‑underwritten assets, potentially supporting future growth and funding capacity.
Key facts
- 1Pagaya closed its 100th ABS transaction on 12 Oct 2026. stocktitan.net
- 2The transaction was a $650 million auto loan ABS. tradingview.com
- 3Lifetime issuance now exceeds $44 billion. stocktitan.net
- 4Thirty‑five unique investors participated, including five new investors. stocktitan.net
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.