New York Life Investment Management (NYLIM), a global asset management firm with approximately $838 billion in assets under management, and Invictus Capital Partners, a U.S. single-family residential credit investment manager with more than $20 billion in gross assets under management, have jointly announced that they have entered into a definitive agreement for NYLIM to acquire a majority ownership stake in Invictus.
The transaction will expand NYLIM’s approximately $304 billion global private markets platform by adding Invictus’s differentiated U.S. single-family residential credit investment capabilities and proprietary loan sourcing and operations platform, Verus Mortgage Capital. Together, they provide an integrated capability across residential mortgage sourcing, underwriting, financing, securitization and asset management. During the past decade, Invictus has acquired more than $48 billion of residential loans and built a leading securitization franchise in the U.S
