As interest rates remain at historic lows, Family Office Managers need to discover new ways to produce consistent returns that are uncorrelated to the broader equity market. Managers are finding new ways to grow capital with investments in alternative investments in general and alternative credit in particular. This often ignored, but valuable, asset class represents … Read more
NEW YORK & TEL AVIV, Israel–(BUSINESS WIRE)–Pagaya, a leading artificial intelligence (AI) investment manager, today announced the closing of its fifth capital markets transaction this year. This latest transaction closed at $200 million and brings Pagaya’s total assets under management (AUM) to over $1.2 billion. It has been a banner year for Pagaya: The firm … Read more
Consumer credit does not go out of style. In August, the consumer credit market increased at a seasonally adjusted annual rate of 5-1/4 percent.[1] Consumer credit has expanded from $7.1 trillion 15 years ago to $13.1 trillion today. Within the consumer credit market, marketplace lending platforms (MLP) have had particularly much momentum lately as consumers appreciate … Read more