Pagaya completes $650 million auto ABS, its 100th deal
Pagaya closed a $650 million auto-loan securitization, marking its 100th ABS deal since 2018 with participation from 35 investors.
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what happened
BusinessWire reports that Pagaya Technologies has completed RPM 2026-5, a $650 million asset-backed securitization backed by auto loans. The transaction is the company’s 100th ABS deal since its first securitization in 2018.
Pagaya has raised more than $44 billion since 2018 to finance loan originations across personal loans, auto loans and point-of-sale loans. Thirty-five investors took part in the transaction, including five new participants in Pagaya’s RPM shelf.
The deal takes Pagaya’s issuance this year above $10 billion and brings its cumulative ABS issuance to more than $44 billion. Gal Krubiner, the company’s co-founder and chief executive officer, said the milestone demonstrated institutional partners’ trust in Pagaya’s platform.
why it matters
The transaction expands Pagaya’s funding activity and underscores investor participation in securitized consumer assets. A broader investor base may support the company’s continued ABS issuance across multiple loan categories.
instruments
sources
- Pagaya Closes 100th Asset-Backed Securitization with New $650 Million Auto ABS Deal — BusinessWire, 12 October 2026 at 12:30 UTC
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