A Publicly Traded Mutual Fund is Buying Whole Loans, But Will it Securitize Them?
April 26, 2013
The Vertical Capital Income Fund is a publicly traded mutual fund whose stated goal is to buy whole loans from banks and nonbanks, providing an attractive yield to its investors. But will it ever get around to securitizing its holdings? For now, the answer to that question appears to be no, but its something the fund is looking into. Lets put it this way; weve discussed the possibility, said Richard Mason, vice president of secondary marketing for the company. Part of Verticals problem is...