Minneapolis-based investment firm Rice Park Capital Management announced on Friday that it acquired Rosegate Mortgage LLC, a retail and consumer-direct mortgage lender based in Charlotte, N.C.

Rice Park said the deal expands its capabilities across the mortgage value chain by supporting servicing-retention and recapture strategies while maintaining its work with originator partners.

The acquisition allows Rice Park to “selectively perform” recapture on its MSR holdings, which the firm said could strengthen returns and reduce prepayment risk. The company outlined a dual-channel approach: It will honor existing recapture partnerships embedded in MSR purchases, and it will use Rosegate to conduct recapture when no details ⇒

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