Pagaya Technologies Ltd. has announced the closing of a new $600 million AAA-rated asset-backed securitization (PAID 2025-4), which funds personal loans originated through its proprietary network. This deal was oversubscribed and upsized, with participation from 23 investors, including several repeat investors. This issuance follows Pagaya's recent $300 million AAA-rated RPM deal and its inaugural AAA-rated POSH securitization, which collectively created over $1 billion in funding capacity for new point-of-sale loan originations. The recent transaction highlights Pagaya's consistent funding execution across various asset classes and reflects the strength of its capital markets engine. Further details such as price, maturity date, and interest rate for these issuances were not provided in the announcement.