Roc360 Launches $150 Million Insurance Dedicated Fund
Roc360, a prominent player in real estate financing solutions, has made headlines by closing its inaugural Insurance Dedicated Fund. With a robust investment capital of $150 million from an esteemed annuity and retirement services provider, this initiative marks a significant milestone in real estate investment.
Focus of the New Fund
The newly established fund, often referred to as the IDF, is designed to allocate its proceeds towards a variety of residential mortgage assets and related securities. This approach sets Roc360 apart, as this fund is one of the first strategies in this space dedicated solely to residential credit assets.
A Unique Opportunity for Insurance Companies
Michael Bennett, the Managing Director and Head of Corporate Development at Roc360, expressed pride in launching this groundbreaking Insurance Dedicated Fund. He highlighted its potential to unlock relative value for insurance companies traditionally limited to whole loan purchases or specific portions of capital in residential mortgage-backed securities. Roc360 aims to enhance services for real estate investors and capital partners vital for restoring and renovating aged housing stock.
Complementing Broader Insurance Solutions
Bennett further emphasized that the IDF program complements Roc360's broader insurance solutions. By simplifying the investment process for insurance companies in residential mortgage assets—spanning sourcing, servicing, and reporting—the fund stands to significantly streamline operations.
Partnerships Behind the IDF
The IDF is managed by SALI Fund Services, serving as the general partner, while Roc360 Advisors operates as the investment sub-advisor for this innovative fund. This strategic collaboration ensures that the fund will benefit from comprehensive expertise in managing residential mortgage investments.
About Roc360
Founded in 2014, Roc360 is a vertically integrated financial services platform specializing in residential real estate investment loans targeted at professional investors. Headquartered in a major urban center, Roc360 has organized and acquired multiple brands that collectively funded over $30 billion in loans, supported by a comprehensive suite of services, including underwriting, servicing, and risk management.
Company Mission and Vision
Roc360 is committed to empowering real estate investors with scalable, data-driven capital solutions. The company's innovative approaches to funding bolster the market, providing essential resources for improving the quality of housing available to communities.
About Roc360 Advisors LLC
Roc360 Advisors LLC is an SEC-registered investment adviser, fulfilling pivotal roles in guiding clients focused on investments within the residential mortgage markets. Its role in the expanding fund landscape is crucial as it ensures that clients receive expert guidance tailored to their needs.
About SALI Fund Services
Founded in 2002 and part of the JTC Group, SALI Fund Services is renowned for creating and structuring dedicated insurance funds. Offering a wide array of insurance dedicated funds, SALI serves investment managers from boutique firms to large asset management institutions, facilitating tax-compliant funds for onshore and offshore investors.
Contact for Media Relations
For media inquiries, Roc360 can be reached at pr@roc360.com. To learn more about Roc360's offerings, visit their official website at www.roc360.com.
Frequently Asked Questions
What is the purpose of Roc360's new fund?
The fund is focused on investing in residential mortgage assets and related securities.
Who manages the Insurance Dedicated Fund?
SALI Fund Services serves as the general partner and investment manager, while Roc360 Advisors acts as the investment sub-advisor.
Why is this fund significant for insurance companies?
This fund allows insurance companies to diversify their investments in residential credit, going beyond whole loan purchases.
How much capital has Roc360 raised with the fund?
The fund has successfully raised $150 million in invested capital.
When was Roc360 founded?
Roc360 was established in 2014 and has since been a leader in real estate financing solutions.
