Columbia Threadneedle Investments and Long Run Partners Launch $1.5 Billion Mortgage Investment Partnership
Introduction
In a significant move to enhance their investment portfolios, Columbia Threadneedle Investments has teamed up with Long Run Partners to securitize and invest in up to $1.5 billion of high-quality non-agency mortgage loans. This collaboration merges Long Run Partners’ expertise with Columbia Threadneedle’s extensive credit research capabilities, aimed at generating stronger returns for their clients.
Partnership Details
Combined Expertise
This new partnership sees Columbia Threadneedle managing 90% of the capital, while Long Run contributes 10% along with essential administrative services. Ryan Osborn, Co-Head of Structured Assets at Columbia Threadneedle, expressed optimism about the venture, stating, “By aggregating and securitizing residential mortgages, our team expects to unlock attractive investment profiles that will generate higher yields than comparable, publicly available securities.”
Sourcing High-Quality Mortgages
Long Run Partners, founded in 2021, specializes in non-agency mortgage loans, having acquired approximately $4.5 billion in high-quality mortgages from a network of approved originator partners over the past year. The firm aims to further enhance its sourcing capabilities through this partnership, positively impacting its job with client originators.
Strategic Benefits
Enhanced Risk-Adjusted Returns
Columbia Threadneedle’s $68.8 billion in structured assets positions it as a leading player in the investment space, boasting a team of seasoned professionals dedicated to risk-adjusted returns. The firm’s in-depth research will work in tandem with Long Run’s mortgage expertise, creating a robust strategy for capitalizing on investment opportunities.
Strengthening Client Relationships
John Fleisher, Co-Founder and CEO of Long Run Partners, highlighted the advantages of this collaboration, stating, “This initiative not only enables us to source high-quality loans for the partnership with Columbia Threadneedle but also strengthens our value proposition to originator clients.”
Columbia Threadneedle Investments: An Overview
Columbia Threadneedle is recognized as a premier global asset manager, providing a diverse array of investment strategies and solutions for individual and institutional clients across the globe. With over 2,300 professionals, including 550 investment experts, Columbia Threadneedle manages close to $690 billion in assets across multiple categories, including equities, fixed income, and alternatives.
Commitment to Clients
As part of Ameriprise Financial, Inc. (NYSE: AMP), Columbia Threadneedle is dedicated to delivering high-quality investment solutions tailored to meet the varied needs of their clients.
About Long Run Partners
A Technology-Enabled Approach
Long Run Partners operates a technology-driven non-agency platform based in New York City. It focuses on sourcing non-agency whole loans and offering associated services to a select group of institutional partners. The firm has established a solid reputation for acquiring high-quality, creditworthy loans through a specialized network of originator clients—backed by top-tier capital partners, including premier asset managers and a global investment bank.
Conclusion
This strategic partnership between Columbia Threadneedle Investments and Long Run Partners marks a new era of opportunities in the investment landscape, particularly within the non-agency mortgage sector. By merging their strengths, both firms are well-positioned to unlock new investment potentials, ultimately delivering enhanced value to their clients.
Get in Touch
For more information about this partnership or to explore investment opportunities, please contact Meghan Shields at Meghan.Shields@columbiathreadneedle.com or call 617.451.0739.
Disclaimer: Past performance is no guarantee of future results. Investing involves risks, including the risk of loss of principal.
Source
For further details, view the original press release on Business Wire.
