Castlelake Partners with Invictus to Invest $2 Billion in Residential Loans
Deal News | Apr 17, 2025 | Castlelake LP
Castlelake L.P., a global alternative investment manager with extensive experience in asset-based private markets, has announced a partnership with Invictus Capital Partners to invest in $2 billion worth of residential loans. This collaboration aims to leverage Invictus's expertise in residential credit, enhancing its scaled loan investment platform. Castlelake, which has facilitated approximately $7 billion in real estate loans acquisition and financing since 2024, sees this partnership as aligned with their data-driven investment strategy. Invictus, with its significant footprint in residential loan investing, views Castlelake's participation as an acknowledgment of the promise within the residential credit market. Both firms emphasize their strategic alignment in providing exposure to high-quality mortgage whole loans.
Sectors
- Alternative Investment
- Residential Mortgage
Geography
- United States – Invictus Capital Partners is headquartered in Washington, D.C., and the investment target is residential loans, primarily a U.S. market focus in the context of this partnership.
Industry
- Alternative Investment – The formation of a partnership between Castlelake and Invictus to invest in residential loans highlights the private equity and investment industry's focus on alternative asset management.
- Residential Mortgage – The article is centered around a large-scale investment in residential mortgages, which is a key component of the real estate finance industry.
Financials
- $2 Billion – The total investment amount agreed upon for residential mortgage investments.
- $7 Billion – The amount Castlelake has been involved with in acquiring or financing real estate loans since 2024.
- $35 Billion – The balance of loans acquired by Invictus Capital Partners since 2015.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Castlelake L.P. | Investor | Company | A global alternative investment manager focused on asset-based investments, managing approximately $25 billion of assets. |
| Invictus Capital Partners | Investment Partner | Company | An alternative credit asset manager specializing in residential credit, managing over $20 billion in gross assets. |
| Isaiah Toback | Partner and Deputy Co-CIO at Castlelake | Person | Provides insights into Castlelake’s strategic alignment and investment philosophies. |
| Michael Warden | Senior Managing Director and Chief Executive Officer at Invictus | Person | Comments on the strategic importance of the partnership with Castlelake. |