The firm’s decision to enter the Canadian residential mortgage space through CMI is, by its own account, a deliberate expression of long-term conviction.
“The business has built a strong and scalable platform, and we believe it is well-positioned to benefit from continued growth in demand for specialist mortgages,” said Alok Bedekar, Head of Asset-Based Finance at Royal London Asset Management.
“Within RLAM Asset-Based Finance, our approach is fundamentally relationship-led, with a focus on attractive risk-adjusted income generation and prudent capital preservation on behalf of our clients. We have meaningful ambitions to be a relevant and long-term participant in asset-based finance globally, and this investment underscores our ability to deliver on that strategy.”
Private credit has emerged as a substantial alternative to traditional bank lending across multiple asset classes, and residential mortgages in stable markets like Canada represent an attractive target for yield-hungry institutional allocators.
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