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RPM 2026-3 is the largest Auto ABS deal in Pagaya’s history
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Ramp-up of funding capacity reflects accelerating growth of Pagaya’s auto platform across lending partners
Pagaya Technologies LTD. (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced the closing of RPM 2026-3, a $600 million upsized auto asset-backed securitization (ABS). This marks Pagaya’s third fully pre-funded auto ABS transaction of 2026 and its largest to date, bringing the total amount of pre-funded auto ABS raised this year to $1.5 billion.
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“We are encouraged by market demand and the enduring confidence in Pagaya’s RPM shelf,” said Sahil Chandiramani, Head of Capital Markets at Pagaya. “Upsizing a deal in the current climate is a testament to our track record and the consistent execution of Pagaya’s platform. We remain focused on delivering fit-to-market structures for our investors while maintaining a disciplined approach to risk management.”
Twenty-eight unique investors participated in this transaction, including four new investors to Pagaya’s broader ABS platform and five new investors to Pagaya’s auto ABS shelf. Since this time last year, the number of unique investors participating in the RPM shelf has more than doubled. Since 2018, Pagaya has raised more than $38 billion across 90 ABS transactions to fund loan originations across multiple products, including personal loan and auto.
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