Angel Oak wants to accelerate growth in global markets
Angel Oak Capital Advisors, an investment management firm, announced a partnership with London-based placement agency Bury Street Capital to tap into new opportunities in the global market.
Bury Street previously led distribution and sales initiatives in Europe for Angel Oak's MontLake multi-strategy income UCITS fund. The agency also provides its services for other Angel Oak separately managed accounts and private strategies, surpassing $1 billion in investments under management.
“International distribution and capital-raising efforts are highly important to Angel Oak, and we’ve seen the success that can be achieved when working with a sophisticated distribution partner such as Bury Street,” said David Silvera, head of corporate development at Angel Oak. “This partnership provides both firms with the ability to accelerate growth in global markets and tap into new opportunities.”
Through the partnership, Bury Street plans to grow its distribution efforts and employee headcount in Latin America and Asia. Angel Oak will work closely with Bury Street to reinforce the marketing of its investments in these regions.
“Coronavirus notwithstanding, investors around the globe will remain hungry for yield given the current macroeconomic backdrop,” said Robert Drake, managing director of Bury Street. “We are seeing a broad, fundamental shift toward mortgage and structured credit investments that generate alpha and meet qualifications for income and liquidity. Through this partnership, we will now broaden our efforts into new territories and deliver attractive solutions to these investors.”
