We are an alternative asset manager focused on structured credit investment strategies.


Led by seasoned professionals, Hyrex Capital helps investors navigate the complex licensing and operational hurdles often associated with owning mortgage-related assets. We efficiently source, acquire, and manage esoteric real estate assets typically inaccessible to investors, while collaborating to create tailored credit investments that enhance returns through securitization, leverage, and bespoke financing.

Our
Approach

We offer customized portfolio solutions tailored to meet the specific goals of institutional investors, ensuring alignment with their liquidity, risk, and return profiles.

Targeted Investment

We move strategically within the structured finance ecosystem, focusing on undervalued sectors identified through comprehensive research.

Experienced Team

Our management team brings decades of industry expertise in executing complex structural and financing transactions, guiding each investment with precision, insight and stringent credit underwriting.

Risk Management

We implement robust strategies to ensure capital preservation and enhance performance, utilizing hedging techniques and active portfolio allocation adjustments.

Investment
Thesis & Process

At Hyrex Capital, our investment strategy centers on exploring opportunities within the structured finance ecosystem.

We shift our focus from overvalued sectors to those that are undervalued, guided by thorough fundamental, quantitative and economic research.

Hyrex Capital invests across residential and commercial mortgage loans, servicing and securities (RMBS and CMBS), asset based finance (ABF), consumer and asset-backed loans (ABS) as well as corporate loans (CLOs). Our portfolios may use interest rate swaps, credit default swaps, futures  and options to hedge interest rate, credit and volatility risk to protect performance and preserve capital.

  • We begin with a detailed analysis of macro-economic trends, with a specific focus on housing market fundamentals. This helps us identify emerging opportunities and potential risks in the market.

  • In an oversaturated market, we eliminate confusion by concentrating on a core set of mortgage-related assets. This targeted approach allows us to maintain clarity and precision in our investments.

  • Our investment process includes robust risk management practices. We focus on downside protection with low correlation to equity markets, ensuring that our portfolios are resilient in the face of market volatility.

  • We continuously monitor and adjust our portfolio construction to optimize performance in varying interest rate and market cycles. Through active management, we ensure that our strategies remain aligned with market conditions and client objectives.

Customized
Solutions

Our investment strategy is built on precision and market understanding, targeting high-value opportunities and employing structural leverage across key asset classes. Each is aligned with risk management and capital preservation, ensuring resilient, sustainable portfolio growth.

  • Residential and Commercial Mortgage Whole Loans and Securities (RMBS & CMBS)
  • Mortgage Servicing Rights (MSR)
  • Mortgage Derivatives
  • Asset Based Finance (ABF)
  • Consumer and Asset-Backed Loans (ABS)
  • Corporate Loans (CLOs)

Core
Assets

We provide tailored portfolio solutions with hands-on guidance, aligning with clients’ liquidity needs, risk tolerance, and return expectations. Our expertise in structured finance ensures innovative, practical solutions for each client’s unique needs.

Experienced
Team

Decades of Expertise in Structured Finance

Our leadership team brings over 60 years of expertise and market insight, with a focus on agency and credit-levered strategies, including structuring and securitizations. Having raised more than $5 billion in equity and managed over $30 billion in gross AUM, we leverage a broad network across public and private markets.

Travis Mayes ​
Chief Executive Officer and Managing Partner
•
Travis Mayes leads strategic growth and oversees all aspects of the firm. Mr. Mayes has over 20 years of experience in real estate finance and structured credit, with expertise in structuring, trading and portfolio management. He previously served as Managing Director at Finance of America Capital Management (NYSE: FOA) and held key roles at Chimera Investment Corporation (NYSE: CIM), Daiwa Capital Markets, Bloomberg, LP, J.P. Morgan (NYSE: JPM) and Ameriquest Mortgage Company.

Cameron Seymore
Chief Operating Officer, General Counsel and Managing Partner
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Cameron Seymore manages Hyrex’s operational and legal affairs, drawing from his leadership in structured finance. Before joining Hyrex, he served in senior positions within the structured finance and legal departments at Finance of America Companies (NYSE: FOA), as Senior Managing Director at Blackstone Residential Trust/BXRT and integral roles at Incenter LLC and Two Harbors Investment Corp. (NYSE: TWO).

Mohit Marria
Chief Investment Officer and Managing Partner
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Mohit Marria oversees all investments at Hyrex, bringing extensive expertise in trading and portfolio management. Before joining Hyrex, he was a founding member and CEO/CIO of Chimera Investment Corporation (NYSE: CIM). He has also held key roles at Annaly Capital Management (NYSE: NLY), AIG (NYSE: AIG) and MetLife (NYSE: MET).