Privacy Policy

Please contact Angel Oak’s compliance department for information regarding the fund’s privacy policy.

Adam Langley
Chief Compliance Officer

One Buckhead Plaza
Suite 500
3060 Peachtree Road, NW
Atlanta, GA 30305

I. Introduction

Pursuant to Securities and Exchange Commission (“SEC”) Regulation S-P, investment advisers must adopt and implement policies and procedures designed to: 1) ensure the security and confidentiality of Client records and information; 2) protect against any anticipated threats or hazards to the security or integrity of Client records and information; and, 3) protect against unauthorized access to or use of Client records or information that could result in substantial harm or inconvenience to any Client.  Furthermore, investment advisers must provide their Clients with an initial privacy notice at the time a Client relationship is established and an annual privacy notice thereafter.  As private fund(s) or other pooled investment vehicle(s) are not natural persons, investment advisers are not required to provide privacy notices to each private fund or other pooled investment vehicle Client; however, Federal Trade Commission (“FTC”) rules require that the private fund(s) or other pooled investment vehicle(s) provide their investors, who are natural persons, with initial and annual privacy notices. 

II. Policy

Angel Oak Capital Advisors, LLC (“Angel Oak”) does not disclose any nonpublic personal information about its Clients to nonaffiliated third parties except to service or manage the Client’s account or as permitted by law.  Furthermore, Angel Oak restricts access to the personal information of its Clients to those employees who need that information to provide products or services to the Client.  If a Client closes their account, Angel Oak will continue to adhere to its privacy policy with respect to the nonpublic personal information of that Client.  The disposal of nonpublic personal information shall be done in a secure manner as described in Section XIX of Angel Oak’s Compliance Manual.  Angel Oak must also comply with the California Financial Information Privacy Act (SB1) if business is conducted with California Clients.  For Clients who are Massachusetts residents, Angel Oak will follow the Massachusetts Standards for Protection of Personal Information (210 CMR).

III. Collection

Angel Oak collects nonpublic personal information about our clients to serve your investment needs, provide customer service, offer new products and services and comply with legal and regulatory requirements.  In particular, Angel Oak collects information to help determine which products and services Clients are eligible for and which products and services are suited to its Clients.  The type of nonpublic personal information Angel Oak collects from clients may include the following:

Angel Oak collects this information about you from the following sources:

IV. Opt Out Right

Every Client has the right to direct Angel Oak to not disclose the nonpublic personal information about that Client to a nonaffiliated third party.  If a Client would like to exercise its right to opt out of Angel Oak’s privacy policy, each Client must provide a written statement exercising that right.  This right to opt out may be exercised at any time and will remain in effect until written notice revoking said right is received by Angel Oak from the Client.  However, in the event Angel Oak encounters circumstances where it is compelled by law to disclose the Client’s nonpublic personal information, Angel Oak must provide the Client’s information even if the Client has exercised its right to opt out.

V. Confidentiality and Security

Except as described below, access to nonpublic information about clients, former clients and prospective clients is restricted to Angel Oak employees who need to know that information in order to provide products or services to Clients.  Those employees with access to nonpublic personal information are required to protect the confidentiality of that information.   Angel Oak maintains physical and procedural safeguards to protect your nonpublic personal information.

VI. Physical Safeguard Procedures

  1. When in use, Client information should not be left unattended under any circumstances.
  2. Angel Oak’s offices are located in secured buildings and are locked at all times to prevent unauthorized entry onto the premises.
  3. Physical access to Angel Oak’s offices is limited to authorized personnel only and any visitors should remain escorted at all times.
  4. Any hard copy documents containing Client information that are not to be retained are to be shredded promptly.

VII. Electronic Safeguard Procedures

  1. All PCs with access to Client information should be password protected and have active and current anti-virus, anti-spyware, and firewall protection.
  2. When not in use, all PCs should be locked in screen saver mode.

VIII. Uses of Information

For Clients that are investors in Angel Oak’s privately offered pooled investment vehicles, Angel Oak Debt Recovery Fund I, LP, Angel Oak Partners Fund I, LLC, Angel Oak Strategic Mortgage Income Fund, LP, , Angel Oak Structured Credit Opportunity Fund- Series B, Angel Oak Structured Income Fund I, LP, Mortgage Opportunities Fund I, and Angel Oak Multi-Strategy Income Fund, Client information may be used internally to process subscriptions and provide Client service.  For managed account clients, if any, Client information may be used internally to provide advisory services to Clients, to open an advisory account and one or more securities brokerage accounts, to process transactions for Client accounts, for account maintenance and otherwise to provide investment advisory services.

Angel Oak may also provide nonpublic personal information (including each type of nonpublic information that we collect listed above) about its Clients and former Clients to:

Many jurisdictions are in the process of changing or creating anti-money laundering, embargo and trade sanction, or similar laws, regulations, requirements or regulatory policies (whether or not with force of law) and many financial intermediaries are in the process of changing or creating responsive disclosure and compliance policies. Angel Oak may provide nonpublic personal information that we collect from Clients, former Clients and prospective Clients in respect of AML Policies or information requests related thereto to relevant third parties.

Angel Oak does not otherwise provide nonpublic personal information about Clients, former Clients or prospective Clients to anyone without the consent of the Client.

This policy applies to Angel Oak, its owners, and to each private investment vehicle and managed account, if any, sponsored by Angel Oak or for which Angel Oak, its owners, or any of their affiliates serves as general partner or in a similar capacity.