Pagaya agrees to buy Theorem Technology, adds $3B in fund capital, expected close Q4 2024

Pagaya Technologies Ltd.

Pagaya to acquire 100% of Theorem Technology, a consumer credit funds manager, for undisclosed terms.
Combined fund management business expected to exceed $3 billion in capital; acquisition to close Q4 2024.
Acquisition expected to be accretive in 2025; provides Pagaya with funding diversification and capital efficiency.
Theorem's investors gain access to credit assets from Pagaya's network of 30 lenders with $180B quarterly application volume.

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