Our Company History
South Street Capital Management (“SSCM”) is a capital manager specializing in residential Mortgage Backed Securities (“MBS”). SSCM was formed in 2018 as a partnership between Atlantic Capital Advisors (“AC Advisors”) and South Street Holdings Inc. who had been strategic partners for 10+ years.
AC Advisors had a long history of mortgage investing and mortgage banking. The management team at AC Advisors founded a privately held REIT in 1998 that remained its sole management duty until 2007 when they formed Hatteras Financial, which they took public in 2008. Original investment focus was in adjustable-rate and hybrid adjustable rate residential Mortgage Backed Securities (MBS). The strategy expanded from strictly ARMs to include agency fixed rate MBS, the creation of a whole loan conduit in 2013 and the purchase of an Mortgage Servicing Rrights (MSR) manager in 2015. Hatteras Financial was acquired in 2016 but the management team continued to manage the original privately held REIT.
South Street Securities Holdings Inc., through its wholly owned subsidiaries, is a leading provider of U.S. Treasury and Agency repo financing to Agency Mortgage REITs, asset managers, banks, broker-dealers and other capital market participants. South Street is a leading provider of MBS repo financing to the Agency REIT sector by acting as a credit intermediary between the Agency REITS and high-quality liquidity providers in the repo space. South Street’s mortgage business provides access to the capital markets for mortgage originators that hedge their forward pipeline exposure. South Street also provides other servicing, collateral management, technology, and administrative services for banks, broker-dealers and other capital market participants.
Our long history has allowed us to build strong relationships with non-bank mortgage originators, major commercial banks, leading investment banks, law firms and other asset managers. We believe the model we execute appeals to the investor in search of investment stability and income. Our goal is to provide a diversification tool for asset allocation strategies to generate a higher risk-adjusted rate of return than traditional fixed-income alternatives.
Commitment to Clients
Commitment to clients is THE focus. Manage risk for others as you manage for yourself
Integrity and honesty are the foundation of our business. We expect the highest ethical standards in our work and personal lives.
Strong partnerships are the driving force behind success – We seek out and emphasize long-term relationships with solid and dedicated partners and counter parties
Feel tremendous responsibility to the communities in which we live and work. Click here to see the charities and foundations that Management and employees are active with.
Private Mortgage Investment Vehicle created
REIT Surpasses $75mm Equity and >$800mm AUM
$27bb in Assets
Hatteras IPO on
$10.8bb in Assets
Follow-on raises of
Onslow Bay locks
HTS acquires MSR
Manager (Denver, CO)
Onslow Bay closes
HTS acquired by
Annaly for $1.5bb
SSCM acquires management contracts from AC Advisors
SSCM values our role in the community and these are some of the local organizations we currently support.
Irvington – My Brother’s Keeper
A grass roots ministry dedicated to meeting the needs of the Irvington community, a neighborhood in the Southwest District of Baltimore. My Brother’s Keeper (MBK) has been empowering residents since the early 1980s. While we serve a variety of guests, our responsibility is to serve the most marginalized members of society. Our mission is to provide social services and tools to inspire hope and transform the Irvington community.
Boy Scouts of America
Since 1910, Scouting has helped mold the future leaders of this country by combining educational activities and lifelong values with fun. The Boy Scouts of America believes and, through nearly a century of experience, understands that helping youth puts us on a path toward a more conscientious, responsible, and productive society. Scouting, with programs for young men and women, helps meet these six essential needs of the young people growing up in our society: Mentoring, Lifelong Learning, Faith Traditions, Serving Others, Healthy Living, Building Character.
H.O.P.E of Winston Salem “Help Our People Eat”
Winston-Salem is one of the top cities in the entire United States for hunger in families with children. North Carolina and Louisiana are now the top states for hunger in children ages 0-4. One of every four children in North Carolina has insufficient food to meet nutritional needs! Our mission is to use community-wide volunteer support to prepare and bring nutritious weekend meals to Forsyth County’s 40,000 children who are at risk for hunger. You can help!
Big Brothers Big Sisters
For more than 100 years, Big Brothers Big Sisters has operated under the belief that inherent in every child is the ability to succeed and thrive in life. As the nation’s largest donor- and volunteer-supported mentoring network, Big Brothers Big Sisters makes meaningful, monitored matches between adult volunteers (“Bigs”) and children (“Littles”), ages 6 through 18, in communities across the country. We develop positive relationships that have a direct and lasting effect on the lives of young people.
The Crosby Scholars Program is a unique college access program for students in grades 6-12 enrolled in the Winston-Salem/Forsyth County School system. The Program prepares students academically, financially, and personally for successful college enrollment. Students participate in Crosby Scholars Academy – a series of academic and personal enrichment workshops that may include test taking and study skills, time management, conflict resolution and a host of courses to help students prepare for college admission. Students perform community service, agree to remain drug free and to obey all school rules and regulations. Crosby Scholars receive advisory services, take part in career and college exploration activities, and participate in college admission and financial aid workshops. Students completing the program in grades 10, 11, and 12 are eligible to apply for “Last Dollar Grants” for college.
Our mission is to help older adults remain at home for as long as possible and to help them live with dignity. With concern for those who care for senior adults, we also help caregivers through services and education that will benefit them. Individuals who cannot afford to pay for services are of special concern to Senior Services and receive assistance to every extent possible through philanthropic contributions and available public funds.
JDRF is the leading global organization funding type 1 diabetes (T1D) research. Our strength lies in our exclusive focus and singular influence on the worldwide effort to end T1D. Improving lives today and tomorrow by accelerating life-changing breakthroughs to cure, prevent and treat T1D and its complications is our mission.
The First Tee
This initiative began as a way to bring golf to kids and teens that otherwise would not be exposed to the game and its positive values. What started as a concept to make golf more accessible to young people, turned into an opportunity to help ALL young people develop core values and learn life skills that are inherent to the game of golf. The First Tee Life Skills Experience was formulated with the help of academic, sport psychology, youth development and golf experts to proactively teach core values and life skills as part of basic golf instruction at chapters.
YMCA of Northwest North Carolina
It is our mission to foster the spiritual, mental and physical development of our members and this community. The goal of the Alexander Family YMCA is to provide programs and facilities that help to build strong kids, strong families and strong communities. The YMCA provides all children, adults and families, regardless of income, with opportunities to develop a healthy spirit, mind and body.
Habitat for Humanity of Forsyth
Building Hope by Building Homes– Steadfastly adhering to a philosophy of a “hand-up, not a hand-out,” Habitat is a powerful engine of collaboration and reciprocity whereby those who qualify-by having a history of steady income, verifiable need and a willingness to work hard-soon become involved in giving help to others. Interest-free mortgage payments go back to Habitat to help future homeowners. Through this proven and integrity-based strategy of making home ownership a reality, Habitat Forsyth has fundamentally changed lives for more than 350 Partner Families right here in our community.
The Salvation Army, an international movement, is an evangelical part of the universal Christian church. Its message is based on the Bible. Its ministry is motivated by the love of God. Its mission is to preach the gospel of Jesus Christ and to meet human needs in His name without discrimination
The Salvation Army in Winston-Salem has been in operation since 1907. The first services of The Salvation Army focused on the poor and indigent of our city. Early intervention services included shelter, food, and clothing for Winston-Salem’s poor and homeless.