Deal Snapshot
Global Atlantic Acquires Majority Stake in eRESI Mortgage
Wednesday 13 October 2021

Subsidiaries of life and annuity insurance company The Global Atlantic Financial Group LLC have closed the majority acquisition of US-based mortgage funding platform eRESI Mortgage, LLC, the company said.

eRESI Mortgage will continue to operate under a newly formed entity, eRESI Capital LLC, being led by Gregory Tsang and Tim Wang (president). Founded in 2019, eRESI is a capital provider in the Non-Agency residential whole loan market. The company provides a range of customized products and liquidity solutions to its national network of mortgage banking partners.

Date Published: 13/10/2021