Pagaya Technologies, a global technology company delivering AI-driven product solutions for the financial ecosystem, closed PAID 2024-9.
A total of 21 unique investors participated in this latest transaction, the majority of which were repeat investors. The deal was oversubscribed.
“As a leader in the ABS market, we continue to see increased support and investment in our securitization platforms,” Ralph L. Leung, chief operating officer and chief commercial officer for Pagaya, said. “Reflecting our increasing scale and efficiency as an issuer, as well as improvement in broader funding markets, this deal was executed at the lowest cost of capital since 2022, also resulting in one of Pagaya’s lowest risk retention levels in the past 18 months.”
