Oakwood / Mortgage SPV

• Acquisition of two portfolios of > 2,000 UK residential mortgages and simultaneous investment in independent mortgage servicer
• Represents a portion of the unsecuritised inventory of performing loans purchased by major financial institutions up to 2007
• Buy to let and owner-occupied properties
• Simultaneous investment in Oakwood Global Finance, an independent mortgage servicer founded in 2002 with predecessor companies dating back to the mid 1990s

Investment Thesis

• Financial institutions continue to rationalise their balance sheets at attractive valuations
• Unique competitive advantage provided by investment in independent mortgage servicer
• Significant opportunities to grow the Oakwood servicing and fund management business in conjunction with further investments in mortgage portfolios

Website

Company: http://www.oakwoodglobal.com/