We are thrilled to share we closed a historic $200 million consumer credit ABS last month, bringing our total issuance to over $1 billion in a year and a half. Our unique use of machine learning paired with financial expertise makes it possible to consistently deliver low-risk, high-yield investment opportunities for institutional investors even during extreme … Read more
Highlights: Three key indicators that determine an individual’s sensitivity to job loss due to the outbreak of Covid-19 are geography, industry and income US government actions demonstrate that there is a coordinated effort to shield the US consumer Pagaya working closely with lenders to make sure that any borrowers faced by hardship can receive relief … Read more
After a turbulent year dominated by the U.S.-China trade conflict, a global economic slowdown, U.S. recession fears, and Brexit uncertainty, 2019 finished with a bang, with nearly every type of investor seeing great returns. Looking ahead to 2020, continued growth should keep the risk of recession low, but political risks still remain, in particular from … Read more
Conventional wisdom blends commonplace ideas and expert opinions and turns them into accepted truth. But conventional wisdom is not always right. Remember these so-called bits of wisdom—Stocks are risky. Work hard and beat the market. And you can never go wrong with real estate. In the digital era, we coexist in the throes of disruption, which … Read more
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