Capital & Funding
Some investors sanguine on tight auto ABS spreads
Some investors have raised red flags on auto finance structured products, painting their returns as too low for the risks. ...
Inside Pagaya’s 2025 growth plan
Pagaya Technologies in 2025 is focused on growing its base of lenders, scaling with existing institutions within its network and...
Octane reaches $150M whole loan deal with Nuveen
Powersports lender Octane Lending has broadened its pool of capital providers through a whole loan sale with Nuveen, the investment...
Stellantis applies to form industrial bank
Stellantis on Feb. 11 applied to form an industrial bank through the Utah Department of Financial Institutions. The application for...
Captive ABS issuance surpasses $10B in February
Several captive finance companies issued auto asset-backed securitization transactions in February as prime and nonprime issuance increased year over year. ...
Ares looking to buy auto finance paper
LAS VEGAS — Ares Capital Corp., one of the largest investor groups in the world, is looking to buy auto...
Insurance companies shine as sources of private credit
LAS VEGAS — Insurance companies are providing the most attractive private credit for auto finance funding today. At the Structured...
BNPL picks up at dealerships as repair costs rise 6%
Consumers are increasingly leaning on buy now, pay later services for maintenance and parts at auto dealerships as repair costs...
