# Pagaya Investments US LLC

> Pagaya Investments US LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated October 1, 2026.

- CRD: 299672
- Filed as: PAGAYA INVESTMENTS US LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/299672
- AdvisorCensus page: https://advisorcensus.com/firm/pagaya-investments-us-llc-new-york-ny-299672

## Quick answers

**How is Pagaya Investments US LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Pagaya Investments US LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Pagaya Investments US LLC located?**
Pagaya Investments US LLC's principal office is in New York, NY, according to its Form ADV.

**Is Pagaya Investments US LLC registered with the SEC or a state?**
Pagaya Investments US LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 299672.

**How much does Pagaya Investments US LLC manage?**
Pagaya Investments US LLC reports $985,384,731 in regulatory assets under management in its Form ADV filing dated October 1, 2026 (100% discretionary).

**How have Pagaya Investments US LLC's assets and staff changed since 2021?**
In the Form ADV data for Pagaya Investments US LLC: Regulatory assets under management: $1,000,519,868 in the October 2021 data and $985,384,731 in the October 2026 data, down 2%. Total employees: 112 in October 2021 and 121 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pagaya Investments US LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11).

**Does Pagaya Investments US LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/299672

**What changed in Pagaya Investments US LLC's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $985,384,731
- Discretionary: $985,384,731
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $985,384,731 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 121 total, 4 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- pagaya.com
- Facebook @pagayaltd
- LinkedIn @pagaya
- X @Pagayaltd

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,000,519,868 | 112 | September 24, 2021 |
| October 2022 | $1,624,014,000 | 176 | July 5, 2022 |
| October 2023 | $2,469,718,000 | 166 | June 6, 2023 |
| October 2024 | $2,132,493,346 | 117 | August 15, 2024 |
| October 2025 | $1,712,442,000 | 133 | May 22, 2025 |
| October 2026 | $985,384,731 | 121 | October 1, 2026 |

Regulatory assets under management: $1,000,519,868 in the October 2021 data and $985,384,731 in the October 2026 data, down 2%.
Total employees: 112 in October 2021 and 121 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $1,712,442,000 to $985,384,731 (-42%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pagaya Investments US LLC (CRD 299672): Form ADV filing data as of October 2026.