Vertical Capital Markets Group, Irvine, Calif., this week launched a new fund that invests primarily in assets of residential performing loans secured by first mortgages or deeds of trust.

Gus Altuzarra, CEO of the Vertical Capital, said the fund is distinct from others in that it targets performing rather than nonperforming assets. The fund does not seek to own real estate but rather wants assets that produce an income stream, he said.

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