Michael Kurlander has joined Adams Street Partners as partner and chief financial officer, after leaving his CFO post at Pagaya Technologies, which he held for two years.
Pagaya is a global company, with offices in New York and Tel Aviv that uses machine learning, a vast data network and artificial intelligence to provide a range of consumer credit products. Its products are essentially unsecured consumer loans, with specialty lines for residential real estate and auto loans.
It is also prolific at securitizing its loan revenue streams, having raised about $18 billion in ABS since 2018. On Monday it closed its fourth auto ABS deal, which also represented its 46th ABS overall and its 14th in 2023, according to a company statement.
Kurlander's next move is a CFO position at Adams Street Partners, a global private markets investment manager with $58 billion in assets under management. Kurlander is slated to start at Adams Street on Jan. 3, 2024, and through the end of the year, Kurlander work with the company in an advisory capacity, the company said.
At Adams Street Partners Kurlander will also have a seat on the firm's executive committee, according to a statement from Adams Street.
Jeff Diehl, Adams Street's managing partner and head of investments touted Kurlander's private and public company experience as assets in the company's drive to ramp up its scale of operations.
"He is also a great fit for Adams Street's culture, which fosters an environment of intellectual rigor, integrity, and professional commitment," Diehl said.
While Pagaya searches for a permanent successor, the company said it has named deputy CFO Evangelos Perros as interim CFO.
Kurlander and Perros' moves are more recent shuffles at the company. Perros himself was named as deputy CFO in September 2023, and earlier in November the company hired Abhijit Chaudhary as its new chief product officer.
Previously, Kurlander had spent 17 years at Goldman Sachs. He had been chief financial officer and chief operating officer of global operations, and eventually chief operating officer for its U.S. bank.
