Investment management firm Invictus Capital Partners and investment firm Moore Capital Management (MSC) are partnering to invest up to $500 million in newly-originated residential mortgage loans.
Under the terms of the agreement, MSC will acquire mortgage loans sourced by Invictus, a private fund sponsor and securitization issuer.
The collaboration will allow the MSC Team to leverage the Invictus platform’s loan sourcing, credit underwriting, and securitization capabilities, while also diversifying its investment platform to meet growing demand for residential mortgage assets.
“We are thrilled to partner with Invictus in this exciting venture,” says Erik Siegel, chief investment officer of Moore Specialty Credit, in a release. “The experience and capabilities of Invictus in the residential whole loan and securitization markets align well with MSC’s strategy of partnering with the best-in-class asset partners in the market. This partnership will allow us to continue investing in assets that we believe offer attractive risk-adjusted returns by acquiring high-quality assets in a sector that remains a focus for us.”
“Recognition from a partner of Moore Specialty Credit’s caliber affirms the depth and relevance of the opportunity Invictus sees in residential private credit,” adds Michael Warden, CEO, Invictus. “This sector is increasingly viewed as essential for investors seeking diversification and durable yield within alternative credit, and we are pleased to partner with MSC on this opportunity.”