Atlas Merchant Capital Announces Strategic Partnership With A&D Mortgage
2024年9月17日 - 9:30PM
ビジネスワイヤ(英語)
- JV will support the expansion of A&D’s $7 billion
mortgage securitization platform
- Fund will purchase and securitize mortgage loans originated
and serviced by A&D and invest in the securities of the
sponsored transactions
Atlas Merchant Capital LLC (“Atlas”), a global alternative
investment firm based in New York and London, A&D Mortgage, LLC
("A&D"), a leading nationwide wholesale lender, and Imperial
Fund Asset Management (“Imperial”), a residential mortgage
investment manager and a capital markets advisor, today announced a
joint venture partnership (“JV”) between A&D Mortgage and Atlas
Merchant Capital that will support the expansion of A&D’s $7
billion mortgage securitization platform.
The JV, which will draw from a combination of internal and
third-party capital, will purchase mortgage loans originated and
serviced by A&D and other lenders with the goal of securitizing
them, while investing across a range of securities in the sponsored
transactions.
“Atlas Merchant Capital has sought ways to capitalize on the
dislocation in the mortgage market caused by the rapid rise of
interest rates throughout the last few years and we are thrilled to
be partnering with A&D, a best-in-class lender, to execute on
this opportunity,” said Bob Diamond, co-founder and chief executive
officer at Atlas Merchant Capital. “The timing of this partnership
could not be better as the tone in the mortgage market has been
improving, which would provide a large tailwind for this asset
class.”
A&D is a vertically integrated, national lender-servicer
focused on the prime, non-Agency mortgage segment, with over $10
billion in originations since 2020 and a servicing portfolio
exceeding $8 billion. A&D sources its production primarily
through a nationwide wholesale network.
“Atlas Merchant Capital is an ideal partner to help us take our
business to the next level,” said Max Slyusarchuk, founder and
chief executive officer at A&D Mortgage. “Over the past two
decades, we’ve expanded our operation to become the top non-agency
mortgage lender nationwide. Our JV partnership with Atlas will
accelerate A&D’s growth and our mission of helping more
Americans achieve their dream of homeownership.”
On August 26, 2024, the JV launched a new securitized products
investment fund and closed its first sponsored residential
mortgage-backed securities (“RMBS”) deal with $370 million of
mortgage collateral sourced from A&D. The deal was rated by
S&P Global and Kroll Bond Rating Agency.
“This marks our 21st transaction, but the most recent deal is
especially significant for our team because it is the first one
completed with our partners at Atlas Merchant Capital. Now, more
investors will gain access to top-tier fixed income products backed
by the strongest foundation—U.S. residential mortgages,” said
Victor Kuznetsov, co-founder and managing director of Imperial.
Atlas Merchant Capital, with its deep expertise in the financial
services investment sector, will play an active role in the
management of the mortgage investment strategy.
“Opportunities for private credit in the residential mortgage
sector have continued to grow as commercial banks have increasingly
divested these loans from their balance sheets. A&D is the
ideal partner for us to align with to take advantage of the
tremendous growth and opportunities that lie ahead,” said David
Schamis, co-founder and chief investment officer at Atlas Merchant
Capital.
About Atlas Merchant Capital
Atlas Merchant Capital LLC, founded in 2013 by Bob Diamond and
David Schamis, is an alternative asset management company with
offices in New York and London. Atlas invests globally in
compelling opportunities, particularly within the financial
services sector, through a diverse range of funds, including
private equity, credit opportunities, and SPAC-focused public
equity funds. The firm's investment strategy is rooted in a
long-term, partnership-based approach, leveraging its deep
operating and technical expertise. Atlas's executive team brings
decades of experience from top-tier global financial institutions,
including Barclays Capital, Cerberus Capital Management, Citigroup,
J.C. Flowers & Co, and Fortress Investment Group.
For additional information, please visit
https://www.atlasmerchantcapital.com.
About A&D Mortgage
A&D Mortgage is a leading nationwide wholesale lender and a
top lender in the non-agency segment. A&D is also responsible
for servicing an $8 billion+ portfolio of mortgages. The firm has
received several prestigious industry awards recognizing the
company's role as an innovative leader in the mortgage market. As a
nationwide direct lender, A&D Mortgage offers a full spectrum
of conventional, government, and non-QM loan products.
About Imperial Fund Asset Management
Established in 2014, Imperial Fund Asset Management is an
investment manager and a capital markets advisor focused on the
residential mortgage market. Since 2020, Imperial has overseen $7
billion in platform securitizations over 21 transactions. Imperial
acquires and manages investment portfolios primarily comprised of
mortgage loans, real estate debt securities, whole loans, and
related instruments.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240917783032/en/
Atlas Merchant Capital Media
Inquiries: Catherine Polisi Jones Polisi Jones
Communications cjones@polisijones.com
A&D Mortgage / Imperial Fund Media
Inquiries: Anya Gezunterman Imperial Fund Asset
Management anya.gezunterman@imperialfund.com