Angel Oak Capital has a second fund in the market, according to an SEC filing.
Angel Oak Real Estate Investment Fund II has raised $96 million.
Angel Oak Real Estate Investment Fund I closed earlier this year with $291 million in equity commitments, exceeding its $250 million target. The fund, which invests primarily in nonqualified mortgages, provides investors access to the growing opportunity in nonbank lending to creditworthy borrowers who have been unable to obtain residential mortgages since the credit crisis.
Angel Oak Capital Advisors is an investment management firm focused on providing fixed income investment solutions for its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deli