Angel Oak Capital Advisors passes USD10bn in AUM
Angel Oak Capital Advisors, an investment management firm specialising in value-driven alternative credit, has surpassed USD10 billion in assets under management across its platform of public funds, private funds and separately managed accounts.
In addition, the firm also holds one of the largest books (approximately USD3 billion) of servicing assets in the non-qualified mortgage market. Crossing USD10 billion in AUM coincides with other important milestones and growth accomplishments for the firm, including adding talent and continuing to establish itself as a clear leader in the structured credit space.
“Since we founded Angel Oak Capital Advisors in 2008, the key to our success has been a robust, team-based investment process designed to deliver strong, risk-adjusted returns over a full credit cycle,” says Sreeni Prabhu (picrured), Angel Oak’s co-CEO and Chief Investment Officer. “We are always working to enhance our strategies and deliver new and unique products to meet our growing investor demand.”
Additionally, Angel Oak has announced a number executive promotions.
Clayton Triick, CFA and Colin McBurnette have been promoted to Senior Portfolio Managers, and Cheryl Pate, CFA has been promoted to a Portfolio Manager. All three demonstrate the strong investment and analytical skills Angel Oak requires, and have been important contributors to the success of the firm’s strategies.
David Silvera has been named Angel Oak’s Chief Operating Officer. He will coordinate the firm’s non-investment functions in order to support its investment performance, asset growth and organisational excellence.
Randy Chrisman becomes the firm’s Chief Marketing Officer. He will continue to lead the firm’s marketing and public relations efforts, while increasing his collaboration with the Angel Oak sales team.
Lu Chang, CFA, FRM, CAIA assumes the role of Chief Risk and Operations Officer. She has overseen risk management efforts at Angel Oak for four and a half years. Chang’s new duties will include oversight of operations.
Along with executive promotions, Angel Oak Capital Advisors has been steadily adding new employees across all departments. Over the past five years, the firm has more than doubled the number of its associates from 36 to 73.
“We are fortunate to have skilled professionals from top to bottom,” says Prabhu. “Our success is the result of their hard work, and we could not be more proud of their efforts. As we look forward to the growth opportunities ahead, Angel Oak Capital Advisors will continue to hire and develop exceptional talent. We have clear goals for the future of Angel Oak Capital, and I am confident in our team’s ability to accomplish them.”