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Deer Park Road launches Deer Park Mortgage Opportunity Fund I

Thursday, November 02, 2023
Opalesque Industry Update - Deer Park Road Management Company, a portfolio management company with dedicated expertise in structured credit markets, today announced the launch of a closed-end fund focused on legacy, non-agency residential mortgage-backed securities (RMBS), Deer Park Mortgage Opportunity Fund I.

The Fund will invest in RMBS with the principal objective of realizing long-term capital appreciation and cash flow from its investments, while also seeking to provide access to the current trade opportunities in the structured credit market.

Deer Park has been active in the legacy, non-agency RMBS markets since the early 2000s and is committed to providing fundamental credit analysis, an adaptive approach to sourcing investment opportunities, and a deep focus on risk management. As Fund Manager, Deer Park will seek to leverage its decades of credit investment experience across cycles to identify and invest in bonds trading at less than their intrinsic value with the intention of holding them to term. As a result, the Fund's objective is to build a portfolio of RMBS that will position investors to earn attractive risk-adjusted returns, relative to other segments of the credit market.

"We're excited to launch the Deer Park Mortgage Opportunity Fund I in what we view as the most compelling risk-adjusted investment opportunity in RMBS since the Global Financial Crisis," said Scott Burg, Chief Investment Officer and Managing Partner of Deer Park. "We believe that liquidity-driven technical factors have driven spreads and relative returns to historically wide levels, resulting in the RMBS sector now trading at levels that offer compelling performance with diminished credit risk."

The Fund will be available to qualified and accredited individual and institutional investors and requires a $250,000 investment minimum and a three-year term. Investors who are interested in learning more about the new Fund and the opportunity it presents are encouraged to contact Deer Park's investor relations department or its representatives listed below.

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