Pagaya Investments

Gal Krubiner serves as CEO and is responsible for the firm's strategy. The investment team is led by data scientists and portfolio managers who oversee the AI platform. Public filings indicate that key executives include CFO Yoram Tietz.

Pagaya structures investments primarily through asset-backed securities (ABS) and private credit vehicles. It partners with institutional investors who commit capital to forward-flow agreements or purchase tranches of securitized loan pools. The firm does not typically raise traditional commingled funds.

Pagaya focuses exclusively on consumer credit — personal loans, auto loans, and point-of-sale financing. It explicitly avoids commercial, mortgage, or SME lending. Its AI platform is built for high-volume, standardized consumer credit products.

Pagaya originates loans through partnerships with fintech platforms such as SoFi and LendingClub, as well as direct integrations with point-of-sale lenders. The firm provides them with a committed capital facility in exchange for exclusive access to loan flow, which it then underwrites via its AI engine.

Yes, Pagaya went public via a SPAC merger with EJF Acquisition Corp in 2022. It trades on the Nasdaq under the ticker PGY. This gives it a higher degree of financial transparency than most private asset managers.

Pagaya is headquartered in New York City with additional offices in Tel Aviv, Israel, and London, UK. Its loan origination network is primarily U.S.-based, focused on consumer credit markets.

Pagaya typically operates as a direct originator and asset manager rather than a co-investor alongside other GPs. However, its forward-flow agreements and ABS structures often involve institutional co-investors that participate in specific tranches or facilities.