Castlelake Enters $2 Billion Residential Loan Investment with Invictus
Deal News | Apr 17, 2025 | Castlelake LP
Castlelake L.P., a global alternative investment manager, has formed a partnership with Invictus Capital Partners to invest up to $2 billion in newly-originated residential mortgages. This collaboration aims to provide Castlelake's investors with access to high-quality mortgage whole loans and to enhance Invictus's existing loan investment platform. Castlelake boasts a strong track record in asset-based investments, having engaged in financing over $7 billion of real estate loans since 2024. Invictus, a specialist in residential credit, has managed more than $35 billion in loans since 2015. Both entities are keen on leveraging this agreement to capitalize on attractive pricing conditions within the private residential loan market. Castlelake and Invictus underscore the significance of residential private credit as a vital component of alternative credit portfolios. Together, they aim to tap into growth opportunities in the expansive residential credit market, globally regarded as the largest asset-based finance sector.
Sectors
- Alternative Investments
- Residential Real Estate
- Credit and Loans
Geography
- United States – Both Castlelake and Invictus Capital Partners are based in the United States, which is relevant given the focus on the U.S. residential loan market.
- Global – Castlelake operates globally with offices in North America, Europe, and Asia, reflecting the international scope of its investment activities.
Industry
- Alternative Investments – The article discusses Castlelake and Invictus, both of which are involved in providing alternative investment options focusing on asset-based investments such as real estate loans.
- Residential Real Estate – The partnership revolves around investing in residential mortgages, highlighting the relevance of the residential real estate sector.
- Credit and Loans – Invictus Capital Partners specializes in residential credit, making the credit and loans sector a significant aspect of the article.
Financials
- $2 billion – The amount committed to investing in newly-originated residential mortgages as part of the partnership.
- $7 billion – The approximate value of residential and commercial real estate loans that Castlelake has financed since 2024.
- $35 billion – The total balance of loans acquired by Invictus since 2015.
Participants
Name | Role | Type | Description |
---|---|---|---|
Castlelake L.P. | Investment Manager | Company | A global alternative investment manager with expertise in asset-based private markets. |
Invictus Capital Partners | Investment Partner | Company | An alternative asset manager specializing in residential credit investing. |
Isaiah Toback | Partner and Deputy Co-CIO | Person | Represents Castlelake's viewpoint and strategy in the partnership. |
Michael Warden | Senior Managing Director and CEO | Person | Represents Invictus Capital Partners' perspectives and goals in the collaboration. |