Interviews

DailyAlts conducts exclusive interviews with investment managers, influencers, and other key members of the alternative investment industry.

Top Story

A Conversation with Cheryl Pate, Angel Oak Capital Advisors

A Conversation with Cheryl Pate, Angel Oak Capital Advisors Angel Oak Capital Advisors is a financial services firm with income funds that primarily deal in bank debt. Today’s DailyAlts interview is with Portfolio Manager Cheryl Pate. One of them is an open-ended mutual fund. The Angel Oak Financials Income Fund. Ticker, A-N-F-L-X. The company also launched a closed-end fund focused largely on the same opportunity in May 2019. The ticker for this fund is F-I-N-S. The closed-end fund capitalizes on some of the less-liquid opportunities in community bank debt. The open-end fund has been around almost five years now. It is five-star rated, and roughly 70% of the assets center on community bank debt. The firm currently foresees more opportunistic investments in non-bank financials. It also has a small sleeve of community bank equities too. Tim Melvin: Can you tell me about the opportunities you see in banking debt?  Cheryl Pate: Predominantly, we invest in “subordinated debt.” It’s a capital tool that banks have used for a number of years. However, it really only made its way down to the community bank space – which we define as banks with $30 billion in assets or below – in the post-crisis period. In 2014, we…

Read more

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

A Conversation with Cheryl Pate, Angel Oak Capital Advisors
September 25, 2019

A Conversation with Cheryl Pate, Angel Oak Capital Advisors Angel Oak Capital Advisors is a financial services firm with income funds that primarily deal in bank debt. Today’s DailyAlts interview…