Pagaya’s Junior Talent Program

Two years ago, Pagaya launched the Junior Talent Program, a post-high school internship program intended for excellent students with interest and experience in computer science. These highly-skilled students work at Pagaya prior to their IDF recruitment. A successful pilot program with our first cohort had an extremely positive impact on both the participants and the

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Pagaya Makes History with $200 Million Consumer Credit ABS

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

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Consumer Credit Resists Volatility: Key is Positioning

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

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2020: Preparing for a Year of Uncertainty

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

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Risk Review: Equities

Introduction The Noah Rule: Predicting rain doesn’t count; building arks do Warren Buffet coined this phrase in his 2001 shareholder letter following one of Berkshire Hathaway’s worst-performing years (mainly due to insurance payouts as a result of the attacks of 9/11). The Oracle of Omaha’s metaphor strikes a chord for many asset managers who bearthe

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Beyond the Obvious: USD 13.1 Trillion Consumer Credit Market

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

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An alternative to alternatives for Family Offices

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

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Pagaya achieved $1.2B Assets Under Management , Announces $200MM ABS

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

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Pagaya strategy – a smart way for institutional investors to invest in consumer credit.

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

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Cutting the Ribbon at Pagaya’s New Offices in New York and Tel Aviv

It’s been a busy week. Pagaya Israel moved into its new digs at Azrieli Sarona, Israel’s tallest office tower located in the central Tel Aviv district of Sarona. With a view from the 54th floor, the offices offer captivating views of the Mediterranean coastline. More importantly, the expanded office space enables the firm to execute

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