Pagaya Announces Forward Flow Agreement with Blue Owl Managed Funds to Purchase up to $2.4 Billion of Consumer Loans Originated on the Pagaya Network
Agreement brings a new, highly strategic asset investor to Pagaya, as the Company continues to diversify its funding program to drive capital efficiency
Pagaya’s forward flow program, which allows the Company to fund loan originations in a capital efficient manner, continues to be a growing source of funding alongside Pagaya’s market-leading ABS program, which has raised more than
“Blue Owl’s investment underscores the quality and growing demand for assets generated on our network,” said Gal Krubiner, Co-founder and CEO of Pagaya. “We have built a resilient, diversified funding program that continues to support our growing footprint in the
“This transaction demonstrates the role private credit can play to support the
About Pagaya Technologies
Pagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial ecosystem. By using machine learning, a vast data network and an AI-driven approach, Pagaya provides consumer credit and other products for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. For more information, visit pagaya.com.
About Blue Owl Capital
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.
With over
Together with over 1,100 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.
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Pagaya Contacts
Investors & Analysts
Joshua Fagen
ir@pagaya.com
Media & Press
Emily Passer
press@pagaya.com
Blue Owl Contacts
Nick Theccanat
Principal, Corporate Communications & Government Affairs
+1 212-970-6868
nick.theccanat@blueowl.com
Source: Pagaya Technologies LTD.