Invictus Capital Partners, a prominent alternative credit asset manager, has announced the launch of its Insurance Solutions Business, marking a significant expansion for the firm. This new division will be led by Senior Managing Director Carl D. Bell, a long-term member of Invictus since 2015, who also contributes to the firm’s Management and Investment Committees. This strategic move underscores Invictus Capital Partners’ commitment to diversifying its services and leveraging its expertise in the residential loan sector to cater to the specific needs of insurance clients.
Michael W. Warden, CEO of Invictus Capital Partners, stated, “Invictus is thrilled to introduce this Insurance Solutions Business, designed to offer insurance clients access to premium residential loans, supported by the necessary expertise and infrastructure to effectively manage this intricate asset class.” He further emphasized the strategic importance of Verus Mortgage Capital, Invictus’s affiliated operating platform, in providing clients with a competitive edge in sourcing and managing residential loans at an institutional scale. This integrated approach ensures that insurance partners of Invictus Capital Partners benefit from streamlined access and efficient management of their investments.
Invictus Capital Partners brings a robust history in residential loan investments to this new venture, having acquired over 60,000 loans, totaling more than $30 billion in balance since 2015. The firm anticipates making over $8 billion in new investments in 2024, highlighting its ongoing expansion and financial strength. This extensive experience positions Invictus Capital Partners as a reliable partner for insurance companies looking to capitalize on the residential loan market. The Insurance Solutions Business is a direct response to the growing interest and activity from Invictus’s insurance company partners and potential clients, demonstrating the firm’s proactive approach to meeting evolving market demands.
Carl D. Bell commented on the market trends, “We observe a growing trend within the insurance industry towards diversification and the exploration of novel investment opportunities.” He pointed out that “residential loans have emerged as the fastest-growing investment category for insurers since 2020.” Bell elaborated on the attractiveness of residential loans, citing “attractive yields, favorable risk-based capital treatment, and the potential for Federal Home Loan Bank (FHLB) financing” as key drivers for their increasing popularity among insurance investors.
Strategic Market Positioning
The residential private credit sector is increasingly recognized as a vital asset class within the broader private credit landscape. Changes in regulations following the Global Financial Crisis, coupled with the forthcoming Basel III implementation, have prompted traditional banks to reduce their involvement in mortgage lending. This shift has created a substantial opportunity for private capital to fill the gap. Invictus Capital Partners’ Insurance Solutions Business is strategically positioned to take advantage of this market evolution, offering insurance companies a dependable avenue to access and benefit from this appealing market segment.
About Invictus Capital Partners
Invictus Capital Partners stands as a leading alternative credit asset manager with a specialization in residential credit investing. The firm manages over $18 billion in gross assets, reflecting its significant market presence and investor confidence. Established in 2008 and based in Washington, D.C., Invictus Capital Partners is primarily owned by its employees, fostering a culture of commitment and alignment of interests. Invictus, along with its affiliates, employs over 200 professionals, bringing extensive expertise across the full spectrum of residential debt investments, including high-yield and distressed loans and bonds. Notably, from 2008 to 2014, Invictus served as a joint venture partner and sub-advisor to The Carlyle Group for real estate debt strategies, further solidifying its industry credibility and experience.
For additional details, please visit https://www.invictuscp.com/.
SOURCE Invictus Capital Partners
