Imperial Fund in the News

Imperial Fund Asset Management and AD Mortgage announced the closing of a $602.7 million non-QM securitization, in a deal designated ADMT 2026-NQM2.

For Dmitri Batsev, managing director of Florida-based Imperial Fund Asset Manager, the current signs do not bode well for the private credit asset class. “Skeptics have argued for some time that the rapid growth of private credit activities would lead to eventual hiccups,” he told Markets Group. He believes recent developments are raising concerns about both credit quality and the liquidity profile of the vehicles holding these assets. “Above all, we believe that not all private credit is created equal and that recent headlines relating to private credit issues will make asset owners more selective in their allocations to private funds.

As the largest deal in our long history of RMBS issuance, this transaction represents a defining milestone for our firm,” said Victor Kutnetsov, Asset Manager of Imperial Fund Asset Management. “It reflects not only the continued strength of the non-QM RMBS market, but also the confidence investors place in our platform and in AD non-QM mortgages as a premier asset class. Achieving our biggest execution to date underscores the scale we’ve built and the growing demand for high-quality non-QM product in the secondary market.

Victor Kuznetsov, Managing Director and co-founder of Imperial Fund Asset Management, noted that the “spread” between mortgage bonds and comparable Treasury securities tightened about 1 percentage point right after the announcement, but that about two-thirds of that gain quickly disappeared.

In the short term, expect mortgage rates to level tighter than 2025 averages, but investment bank researchers tend to agree that most of these [mortgage-backed security] purchases have already been priced into rates, so the timing of the [government-sponsored enterprises’] MBS purchases will be important,” Kuznetsov said.

Determine whether you can cover retirement expenses with other guaranteed income, like Social Security or a workplace pension. “Annuities can be helpful when there is a gap between expected spending and predictable income,” said Yuri Nosenko, wealth advisor at Imperial Fund Asset Management.

As a financial advisor who also belongs to the millennial generation, I see a clear behavioral gap. Many millennials are tech-savvy, curious and ambitious — but their approach to money often swings between extremes: speculative crypto bets or complete inaction,” said Yuri Nosenko, wealth advisor at Imperial Fund Asset Management.

I see so many peers who can explain blockchain protocols but have never opened a retirement account,” Nosenko said. “The future of financial freedom isn’t in chasing the next coin — it’s in disciplined, compounding growth built on planning and consistency.

Dmitri Batsev, managing director at Imperial Fund Asset Management, added, “The AI trade feels overextended. Buy value, stick to quality.” Zachary Levenick, partner at The Holdsworth Group, is equally cautious: “We’re bullish on high-quality, undervalued assets where good management teams are executing well.”

"Whole loans are a very good product for life insurance companies to have on their balance sheet, and DSCR loans because of the prepayment speeds and good capital treatment" Kuznetsov says.

Aspirational purchases like spending too much on a brand new car, when used cars represent better values but carry less of a 'wow' factor, should definitely be avoided," says Yuri Nosenko, wealth advisor at Imperial Fund Asset Management.

Canyon Partners has announced a strategic partnership with A&D Mortgage, a U.S. wholesale non-agency lender, and Imperial Fund Asset Management, an asset manager specializing in residential mortgage credit. As part of the collaboration, Canyon will invest $250 million, enabling A&D and Imperial to execute approximately $5 billion in non-agency mortgage-backed securitizations over the coming quarters.