Overview
A. Description of FOACM and Principal Owners
FOACM, a Delaware limited liability company and a privately held investment adviser was founded
in 2016. FOACM is majority owned, through one or more intermediate entities, by FOAEC, and
minority owned, through one or more intermediate entities, by Finance of America Companies Inc.
(“FOA”), BTO Urban Holdings LLC (“BTO Urban Holdings”) and the Libman Family Holdings,
LLC (“Libman Family Holdings”). FOA maintains its interests in FOACM through Replay
Acquisition LLC, Blackstone Tactical Opportunities Funds (Urban Feeder)-NQ L.L.C., and
FOAEC. BTO Urban Holdings and Libman Family Holdings maintain their interests in FOACM
primarily through FOAEC and FOAF. FOACM remains directly, wholly owned by Incenter LLC.
Libman Family Holdings is held equally by Libman-Alpha Holdings, LLC, Libman–Eta Holdings
LLC and Libman-Kappa Holdings LLC. Interests in BTO Urban Holdings are held by a series of
limited partnership funds for which Blackstone Tactical Opportunities Associates – NQ L.L.C.
serves as General Partner and Blackstone Tactical Opportunities Advisors L.L.C. serves as
investment advisor. Information regarding Blackstone Tactical Opportunities Advisors L.L.C. is
available in its Form ADV filed with the Commission.
B. Description of Advisory
Services
FOACM provides investment advisory and asset management services to mortgage securitizations
trusts and private funds that invest in mortgage related assets and hedging instruments (“Clients”).
The services are provided in accordance with applicable investment guidelines and restrictions,
including applicable restrictions on investing in certain assets or other financial instruments that are
developed in consultation with the Clients, or in accordance with the mandate selected by the
Clients.
C. Tailoring Advisory Services to Individual Needs
Each investment vehicle or asset managed or otherwise advised by FOACM is managed in
accordance with its investment guidelines and restrictions and is tailored to the specifics of each
Client (i.e., the securitization trust and private fund) as further described in each Client’s offering
memorandum (if applicable), limited partnership agreement and related addenda (if applicable) and
subscription documents.
D. Wrap Fee Programs
FOACM does not participate in wrap fee programs.
E. Assets Under Management
FOACM manages the assets of the Clients and has the following assets under management:
Discretionary Amounts Non-Discretionary Amounts Date Calculated
292,494.75 268,511,000 December 31, 2022