LL Funds
Philadelphia-based investment manager founded in 2009, making private credit and equity investments in asset originators alongside opportunistic ABS and RMBS investing.
LL Funds is an investment manager founded in 2009 and based in Philadelphia, operating across the asset-backed finance market. Its activities span public-market investing in asset-backed securities and residential mortgage-backed securities on an opportunistic basis, alongside private credit extended to asset originators and owners. The firm also makes selective equity investments in specialty-finance and real-asset originators.
The private-credit business provides tailored, unlevered warehouse and credit facilities. Pricing and structure are set through loan-level analysis of collateral performance, underwriting standards and unit economics, which together inform advance rates, covenants and other structural protections. The stated objective across strategies is to generate income while managing downside through disciplined underwriting - a defensive posture rooted in collateral analysis rather than market timing.
Sector coverage concentrates on asset-backed finance, specialty finance, residential mortgage finance and real assets. Within the venture and growth-capital landscape, the relevant exposure is the firm's selective equity investing in fintech and property-technology companies alongside its asset-backed credit strategies, giving investment professionals a vantage point spanning both origination businesses and the structured credit that funds them.
LL Funds welcomes inquiries from prospective investors, partners and job candidates. The firm describes an analytical culture centred on loan-level and collateral analysis, underwriting discipline and unit-economics assessment.