Track record
Completed capital formation transactions
Term financing, strategic investment commitments and platform capital raises with leading private equity and public REIT counterparties.
TOP PRIVATE EQUITY PARTNER
$400MM
Term financing
Private term financing for US residential mortgage assets
D CAPITAL ROLE
Invested in, advised on and structured the transaction
TOP PRIVATE EQUITY PARTNER
$250MM
Term financing
Follow-on facility with the same partner
D CAPITAL ROLE
Invested in, advised on and structured the transaction
TOP PRIVATE EQUITY PARTNER
$200MM
Strategic investment commitment
Commitment to invest in strategic US residential mortgage opportunities
To be deployed through a D Capital-owned RIA affiliate
SENECA MSR INVESTMENT PLATFORM
$200MM
Equity and debt raise
$50MM equity / $50MM debt
Investor: a publicly traded REIT
Use of proceeds: acquisition of mortgage servicing rights
D CAPITAL ROLE
Advisor to Seneca. The raise was executed through a FINRA member broker-dealer, with which Patrick Downes, D Capital's principal, is a registered representative.
Current active engagements
Current advisory and capital raising work across origination, property operations and insurance-backed mortgage credit.
CAPITAL ADVISORY
Middle-Market Mortgage Originator
Capital advisory and equity and debt raising for a growing middle market mortgage originator.
EQUITY RAISE
Established Property Management Business
Growth equity raise to fund the expansion of an established property management platform.
STRATEGIC PARTNERSHIP
Residential Mortgage Credit MGA*
Strategic investment partnership with a specialist mortgage (re)insurance underwriter whose principals have provided $80B+ of risk capacity, to invest jointly in US residential mortgage credit.
* A managing general agency (MGA) is a specialist underwriting firm authorized to underwrite and bind risk on behalf of the insurers and reinsurers that provide its capacity. This MGA underwrites and manages credit risk on residential mortgage portfolios on behalf of insurers and reinsurers. Its principals have completed 200+ mortgage (re)insurance transactions since 1998, providing over $80B of capacity on more than $2.5T of mortgages. Its clients are banks, government agencies, investors, mortgage insurers and servicers.
