October 6, 2025 — Leads & Copy — Pagaya Technologies LTD. (NASDAQ: PGY) has announced the closing of RPM 2025-5, a $400 million ABS transaction backed by auto loans originated through Pagaya’s network of top-tier national auto lenders, including partners such as Ally, Westlake, and a top-five auto captive.
One William Street Capital Management, L.P. (“OWS”), a New York-based alternative investment manager, has purchased the residual certificates from RPM 2025-5 as a strategic funding partner to Pagaya. This deal highlights the attractiveness of Pagaya’s auto assets and supports the Company’s strategic effort to grow its auto product offering.
Sahil Chandiramani, Pagaya’s Head of Capital Markets, stated that the partnership with OWS, alongside strong execution, serves as strong indicators of the durability and quality of the capital markets program. Evangelos Perros, CFO of Pagaya, noted that this agreement underscores the diversification of the company’s funding infrastructure and bolsters growth and capital efficiency. Frank Prezioso, Deputy CIO at OWS, expressed pleasure in partnering with Pagaya’s innovative platform.
Since 2018, Pagaya has raised over $32 billion across 78 ABS transactions to fund loan originations across multiple products. Pagaya’s cumulative auto ABS issuance for 2025 has reached a record ~$1.7 billion.
Pagaya (NASDAQ: PGY) is a global technology company making financial products and services available to more people nationwide. One William Street Capital Management (“OWS”) is an alternative investment manager managing approximately $8.0 billion in assets under management.
Contact: For more information, please visit https://onewilliamstreet.com/.
Source: Pagaya Technologies LTD.
