Invictus Capital Partners LP, a Washington, D.C.-based alternative investment management firm, solidified its position as a private credit investor in residential loans by completing its 50th securitization, VERUS 2023-INV2. This is Invictus’ seventh transaction in 2023, with a cumulative loan balance of $3.5 billion.
Through its affiliate Verus Mortgage Capital, Invictus has been the largest private credit investor in recently originated residential loans through securitization since the beginning of 2015 – with a total aggregate loan balance of nearly $23 billion across the 50 transactions. The Invictus investment platform was the first in the industry to have transactions which achieved a AAA rating from each of the three major rating agencies — S&P, Fitch and Moody’s.
“From inception we have been focused on creating an investment platform of institutional quality and scale to provide our investors with access to the strong investment profile of residential loans,” says Michael Warden, CEO of Invictus. “We see a multi-year opportunity for private credit in this $14 trillion sector given a current market share of under 6% combined with the recent stress in the banking system. We, and the market, are just getting started.”