# Angel Oak Capital Advisors

Angel Oak Capital Advisors is an Asset Manager based in Atlanta, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Atlanta, United States
- **Region:** North America
- **Address:** Atlanta, GA, United States
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** angeloakfinancial.com

## Regulatory record

- **CRD number:** 151090
- **SEC file number:** 801-70670
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/151090

## About

Angel Oak Capital Advisors is an SEC-registered investment adviser in Atlanta, GA, registered since 2009. The firm manages $11.5 billion in assets, with $11.3 billion on a discretionary basis. It has 78 employees and 24 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Structured Credit

## People

- Sreeni Prabhala — CEO
- Mark R. Zdyrko — President
- David J. Breazzano — Managing Director, Head of Portfolio Management

## Questions

### How does Angel Oak's vertical integration affect its investment process?

The firm originates mortgages through its subsidiary Angel Oak Home Loans, structures them into securities, and then takes the senior and mezzanine tranches into its own funds. This gives the firm direct line of sight into loan-level underwriting — a data advantage not available to secondary-market buyers (per firm communications).

### What investment stages and credit qualities does Angel Oak target?

Angel Oak focuses on structured credit — specifically non-agency residential mortgage-backed securities and commercial mortgage-backed securities, often in the mezzanine or subordinate tranches. It targets investment-grade and below-investment-grade ratings, with a yield-oriented, carry-focused mandate (per firm disclosures).

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Last updated: 2026-06-03T20:00:00.000Z

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