Pagaya
October 24, 2019
Next Generation Asset Management investing in alternative credit.

A Mulligan for Investing in Credit

If you fell asleep in June of 2007 and awoke today you would see a credit investing landscape that looks remarkably similar, with spreads, debt to GDP and unemployment not remarkably different. Corporate debt to GDP is just slightly higher than 2007, the only times in the last 30 years that we reach similar corporate levels was around the time of the dot com era and before that in the late 80’s early ‘90s.

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Nothing contained in this communication constitutes tax, legal, or investment advice.  Investors must consult their tax advisor or legal counsel for advice and information   concerning their particular situation. This article contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical fact, included herein are “forward-looking statements.” Although Pagaya believes that the expectations reflected in these forward- looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual events could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. You should not place undue reliance on these forward-looking statements. This article reflects our views and opinions as of the date herein, which are subject to change at any time based on market and other conditions. We disclaim any responsibility to update these views. These views should not be relied on as investment advice or an indication of investment intention. Discussion or analysis of any specific company-related news or investment sectors are meant primarily as a result of recent newsworthy events surrounding those companies or by way of providing updates on certain sectors of the market. Pagaya does provide investment advice to Pagaya related funds and others that are invested in consumer credit. As a result, Pagaya does stand to beneficially profit from the performance of consumer loans it owns or acquires.



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