About this Strategy
The private mortgage opportunities strategy targets an emerging segment of U.S. residential credit: second lien mortgages. Backed by prime borrowers with significant equity cushions, the strategy leverages strategic originator partnerships and securitization to source and invest in second liens, aiming to provide diversification relative to traditional corporate private credit.
Why invest in this Strategy
Emerging residential credit opportunity
Second lien mortgage origination has expanded rapidly as higher mortgage rates have trapped significant equity in residential real estate
Differentiated within private debt
The strategy offers diversification from traditional, corporate-focused private credit by investing in prime borrowers collateralized by tangible assets - single family homes in the U.S.
Unique sourcing channel
A strategic partnership with a large originator supports access to a differentiated pipeline of assets for the strategy
