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 increased its origination 300% in the past 12 months, and its investment opportunity pipeline is projected to hit $500 million per month at the end of 2020.
  • Pagaya has issued five securitizations, solidifying its position as a top ten issuer in 2019 (according to data from Finsight).
  • The firm nearly doubled its team to 84 employees and relocated its Tel Aviv office to Azrieli Sarona (Israel’s tallest office tower located in central Tel Aviv, which houses some of the world’s most successful technology companies).
  • Pagaya’s CEO and co-founder, Gal Krubiner, was named a 2019 Rising Star of Wall Street.
 Read the full announcement at businesswire.com