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 on its mission to deliver next generation asset management. The new offices will accommodate steady growth across all internal operations including R&D, fund operations, sales, and marketing.
On the same day, Pagaya US moved only a few floors to a new expanded location in midtown Manhattan location at 57th and Lexington Ave. Pagaya’s New York City offices will continue to lead the firm’s global asset management offering, including Pagaya’s Opportunity Fund, Separately Managed Accounts (SMAs), and Asset-Backed Securities (ABS).
According to Yahav Yulzari, Co-founder and VP Sales, “Expanding offices on two continents in one day is a major milestone for us in terms of our growth over the last three years. We have a responsibility to deliver on the high expectations we set for ourselves, for our investor clients and shareholders. Our new spaces give us inspiration and plenty of room to dream about how we want to shape the future of finance.”
Pagaya Investments (Pagaya) is a financial technology company reshaping the asset management space using machine learning and big data analytics to manage institutional money. With a focus on fixed income and alternative credit, Pagaya offers a variety of discretionary funds to institutional and high net worth investors including pension funds, insurance companies, family offices and banks.
Backed by leading fintech investors including Oak HC/FT, Viola Ventures and former AmEx Chairman Harvey Golub, Pagaya has built the first comprehensive loan level database utilizing a hybrid of machine learning and financial technologies to source alpha to its short duration, high yield portfolio strategies. The company recently completed its Series C corporate funding round with participation by all original VC investors.