Castlelake has entered into an agreement with Invictus Capital Partners, an alternative asset manager that specializes in residential credit, to invest in up to $2 billion in newly-originated residential mortgages.
The agreement will enable Castlelake to provide its investors with exposure to what it believes to be high quality mortgage whole loans. The capital commitment will contribute to the further growth of Invictus’ existing scaled loan investment platform.
Isaiah Toback, Partner and Deputy Co-CIO at Castlelake, said, “We look forward to working with the Invictus team as they continue the scaling of their loan investment capabilities and provide our investors with exposure to what we view as attractive pricing in the private residential loan market at a time when we see the sector experiencing increased growth.”
