Pagaya Technologies LTD. (NASDAQ: PGY) announced the completion of a $400 million AAA-rated auto loan asset-backed securities (ABS) transaction, RPM 2025-4, bringing its total auto ABS capital raised year-to-date to $1.3 billion. This transaction marks Pagaya’s largest auto loan ABS in 2025, with RPM 2025-4 attracting a broader investor base. The deal was oversubscribed, with 15 investors participating. Among these, six were new to Pagaya’s auto program, and four were new to the company’s overall capital markets initiatives. The investor pool included a diverse range of entities such as insurance companies, foreign and domestic pension funds, large investment managers, and hedge funds.Sahil Chandiramani, Pagaya’s Head of Capital Markets, stated, “Our capital markets engine continues to deliver at scale, across all asset classes, with demand for our funding products at peak levels. With each transaction, we’re adding new strategic relationships and deepening existing ones, as we continue to deliver high-performing programs for both partners and investors.” He added that the consistent execution and growing demand in the auto sector reflect the strength of Pagaya’s data, the resilience of the underlying assets, and the capability of its AI-driven platform to scale quality credit.Since 2018, Pagaya, a global technology company utilizing AI for financial product solutions, has raised over $30.2 billion across 74 ABS transactions. These transactions have funded loan originations across multiple products, including personal loans, auto loans, and point-of-sale financing. Pagaya provides comprehensive consumer credit and residential real estate products for its partners, their customers, and investors through its proprietary API and capital solutions. The company maintains offices in New York and Tel Aviv.