Angel Oak
Angel Oak Capital Advisors is a leading alternative credit manager founded in 2009, with primary expertise in mortgage credit, structured credit, and financials credit. The firm is headquartered in Atlanta, Georgia, and has established itself as one of the largest securitizers of non-qualified mortgage (non-QM) loans in the United States, benefiting from a vertically integrated business model that includes both an asset management platform and an affiliated wholesale mortgage origination operation. Angel Oak's distinctive integration of lending and investing capabilities gives its investment team access to proprietary deal flow and deep market intelligence across the residential mortgage credit space.
The firm's investment strategies span private credit, structured products, multi-strategy income funds, separately managed accounts, and mutual funds, with a strong emphasis on residential mortgage-backed securities, commercial mortgage-backed securities, and other structured credit instruments. Angel Oak's investment process leverages its expertise in non-QM origination to construct portfolios of newly originated and secondary market mortgage credit, targeting attractive risk-adjusted returns for institutional and individual investors. The firm's vertically integrated platform enables it to maintain tight control over credit quality and to exploit informational advantages in pricing and structuring mortgage-related investments across the full credit spectrum.
Angel Oak has grown significantly since its founding, managing assets across a comprehensive structured credit platform and serving a diverse client base that includes institutional investors, pension funds, insurance companies, and registered investment advisers. In a major strategic development, Brookfield Asset Management announced a partnership with Angel Oak in 2025 to expand Brookfield's credit platform and provide global investors with differentiated access to Angel Oak's residential mortgage credit strategies. Angel Oak continues to operate independently within the Brookfield partnership, retaining its leadership team and its commitment to the research-intensive, vertically integrated approach to mortgage credit investing that has defined the firm's identity.