Signature Group Investments acquires NY bank loan portfolio.
BANKING AND CREDIT NEWS-January 15, 2014--Signature Group Investments acquires NY bank loan portfolio
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15 January 2014 -- New York-based investment firm Signature Group Investments said it purchased a pool of non-performing and performing loans from a New York City based community bank at the end of December 2013 in partnership with a national private equity group.
This transaction is the first portfolio loan sale that this bank has conducted, the firm said.
SGI is a privately held investment organization that specializes in the acquisition and management of real estate and related equity, debt, and hybrid investments on behalf of private and institutional investors.
The firm has a core focus in US real estate with a portfolio of apartment, retail, office, and industrial projects across the country and in the Caribbean. SGI also has a focus on the acquisition and repositioning of distressed debt and corporate assets internationally.
SGI and its affiliates have made more than 1,000 separate equity, debt, or corporate acquisitions with a deal value in excess of USD 1bn over the past 20 years.
Find out more at www.signaturegrp.com.
1 USD = 0.6067 GBP
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Jan 15, 2014|
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