Pretium attracts $1.7bn for residential credit fund

Pretium Partners has closed its latest fund at $1.7 billion, or nearly twice the size of its previous residential credit fund, receiving capital from insurance companies, pension plans and wealth managers.

Pretium Residential Credit Fund II invests in U.S. residential mortgage loans that fall outside the traditional mortgage system and are less able to be serviced by traditional banks. Pretium relies on its integrated residential ecosystem that is comprised of specialized mortgage servicing and loan origination platforms and loan-level analytics.

"Our investment strategy reflects the decades of experience our team has across . . .

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