Invictus Capital Partners, Washington, DC, said it raised $833 million for a private-equity fund aimed at acquiring non-agency mortgages – more than double the amount taken in for a similar fund back in 2017.
“This fund provides us with the capital to continue our strategy of addressing the substantial inefficiency and significant void within the residential lending market,” said Michael Warden, CEO of Invictus, regarding the Invictus Opportunity Fund II, LP.
Investors in the new fund include financial institutions, endowments, foundations, family offices and pension funds. Invictus said participants include a mix of new investors and firms that ponied up for Invictus’ inaugural Verus-related fund.
From the start of 2018 through the end of the second quarter of 2019, Invictus issued $3.34 billion of non-agency MBS, according to Inside Nonconforming Markets. The issuance included a mix of non-qualified mortgages and loans for investment-properties.
© Copyright 2019 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing