Dechert Assists Pagaya In Largest-Ever Marketplace Consumer Loan ABS
March 17, 2021
Dechert is advising Pagaya, a global financial technology company, in the expansion of the Pagaya AI Debt Selection Trust (PAID) platform with its latest $900 million securitization.
PAID 2021-1 — fully pre-funded — is the largest-ever consumer loan ABS marketplace transaction. Pagaya is a financial technology company reshaping the world’s lending marketplaces using machine learning, big data analytics and sophisticated AI-driven risk analysis.
The Dechert team includes global finance partner Andrew Pontano, associates Anna Kieburtz, Georgina McLeod, Sarah Sidwell, Aris Suarez and John Ludwig; and tax partner William Cejudo.
About Dechert
Dechert is a leading global law firm with 25 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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