Angel Oak Capital Raises Nearly $300 Million in Private Credit Fund – NMP Skip to main content

Angel Oak Capital Raises Nearly $300 Million in Private Credit Fund

Jan 04, 2018
Angel Oak Capital Advisors LLC has raised $291 million in capital commitments for its first private credit fund

Angel Oak Capital Advisors LLC has raised $291 million in capital commitments for its first private credit fund. Having exceeded the initial fundraising goal of $250 million, the Angel Oak Real Estate Investment Fund I LP is now closed to new investors. The Fund, which invests primarily in non-qualified mortgages (Non-QM), provides investors access to the growing opportunity in non-bank lending to creditworthy borrowers who have been unable to obtain residential mortgages since the credit crisis.
 
Angel Oak Capital Advisors LLCAngel Oak is well-positioned in the private residential mortgage market given the firm’s expertise in non-agency mortgage credit and its vertical integration with its affiliated mortgage companies. The firm manages more than $3.5 billion in residential mortgage credit (loans and securities), and has securitized $850 million in Non-QM loans since 2015. Additionally, its affiliated mortgage companies originated $1 billion-plus in Non-QM loans in 2017.
 
“More and more, we’ve seen institutional investors recognize the growth potential for non-bank lending,” said Sreeni Prabhu, Co-CEO and Chief Investment Officer of Angel Oak. “Our success in raising capital for Angel Oak Real Estate Investment Fund I demonstrates strong investor interest in the Fund’s differentiated strategy to provide attractive, risk-adjusted returns backed by residential real estate. We believe this opportunity, when paired with our expertise in non-agency mortgage credit, makes this an attractive investment.”

 
About the author
Published
Jan 04, 2018
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026