In one of the bigger recent deals involving a distressed fund, Starwood Capital Group, on behalf of Starwood
Distressed Opportunity Fund IX, has entered into a definitive agreement to acquire LNR Property LLC for a total purchase price of $ 1.05 billion in cash.
«This is a forever trend,» Mudrick, whose Mudrick
Distressed Opportunity Fund gained 38.7 percent last year, said in an interview on Bloomberg Television Monday.
Starwood Property Trust and Starwood Capital Group, on behalf of Starwood
Distressed Opportunity Fund IX, co-originated a $ 475 million first mortgage and mezzanine loan for the acquisition and redevelopment of 701 Seventh Avenue, a 10 - story retail building in New York's Times Square.
Not exact matches
Conlon & Co founded and managed two successful investments
funds: a $ 100 million mezzanine lending
fund which provided financing on over $ 1 billion of development projects as well as a $ 50 million real estate
opportunity which acquired
distressed property in Chicago and the Southeast during the 2008 — 2011 economic crisis.
Our Global Market Strategies segment, established in 1999 with our first high yield
fund, advises a group of 46 active
funds that pursue investment
opportunities across various types of credit, equities and alternative instruments, including bank loans, high yield debt, structured credit products,
distressed debt, corporate mezzanine, energy mezzanine
opportunities and long / short high - grade and high - yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.
PIMCO's alternatives offerings span a global range of hedge
fund and opportunistic /
distressed strategies, including global macro, credit relative value, multi-asset volatility, and
distressed mortgage, real estate and corporate credit
opportunities.
Baupost has analysts focused around the type of
opportunity; Baupost has a spinoff analyst, index
fund deletion analyst, post bankruptcy analyst,
distressed debt analyst and an analyst looking at companies that are depressed because of a bad earnings announcement).
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funds have been buying [Hedge
Fund Wisdom] Free e-book on Texas HoldEm Investing [Texas Hold Em Investing] Latest letter from Greenstone Value
Opportunity Fund [
Distressed Debt Investing] Citigroup (C) offers attractive risk - reward [Greg Speicher] Video: How Berkowitz got comfortable with Citi [Morningstar] Summary of a recent talk with SAC Capital's Steven Cohen [Dealbook] How Stevie Cohen changed my life [James Altucher] Hedge
funds buying more municipal bonds [CNBC] Sum of the parts valuation of Yahoo (YHOO)[Minyanville] Buffett says pricing power more important than good management [Bloomberg] Passport Capital sees oil prices holding up [WSJ] Bank loan
funds drawing interest [InvestmentNews] For more great links, scroll through this linkfest [AbnormalReturns]
To encourage development in these
distressed communities, investors in
Opportunity Funds are given significant tax benefits for holding their investments for five, seven, and ten years.
Distressed Debt Investing has a first - class interview with the Greenstone Value
Opportunity Fund.
We're investing, and with the exception of the
distressed debt
fund specifically raised to await an upsurge in
opportunities, we aren't intentionally uninvested.
This used to be my
Distressed (& Hedge
Fund) allocations... but those
opportunities obviously aren't so compelling any more.
For example, in the fourth quarter, our
distressed debt and value
opportunities funds invested about $ 400 million in energy related securities.
The Maryland Clean Energy Jobs Campaign will establish a working group among government agencies and clean energy stakeholders to examine the best
funding opportunities to invest in job training in the clean energy industry in economically
distressed regions of the state and to remove barriers for entry in the clean energy economy.
This includes litigation arising from opt - out
opportunities in class actions; financial manipulation cases;
distressed investment scenarios, including insolvency and restructuring; allegations of improper
fund management or inadequate disclosures; alleged securities laws violations; and other complex financial disputes.
The latter
fund specifically targets
distress,
opportunity investments and debt.
In the note financing space, we continue to work in tandem with experienced
distressed debt investors to acquire well secured first mortgage loans that present
opportunities for significant upside through proper
funding for renovations, aggressive leasing efforts, and a hands - on management style.»
Increasingly, those
funds are earmarked for
distressed opportunities.
Clients poured into various strategies including tactical
opportunities, Asian real estate, hedge
funds and
distressed credit.
Although the market had been tumultuous for quite some time, Robert saw an
opportunity to raise capital for the New Jersey and New York Real Estate Markets and founded a
Distressed Real Estate Investor
Fund.
Mr. Dalfen heads the firm's investment strategies which have included: Property investment
funds in multiple asset classes, convertible debentures, preferred equity placements,
distressed debt
opportunity funds, and strategic land assemblies.
In June, private equity
fund manager North River Investment Management announced the formation of a $ 100 million real estate
opportunity fund to buy
distressed commercial real estate debt as well as originate loans.
The anticipated
distress in the commercial real estate market combined with executive departures from financial houses, home builders and mortgage lenders has spawned several first - time
opportunity funds.
Opportunity funds concentrating on
distress intend to take advantage of the seized - up debt markets in a few different ways.
• Continue to sell expanded pools of defaulted mortgages headed for foreclosure through the
Distressed Asset Stabilization Program (DASP), offering investors and borrowers the
opportunity to avoid costly foreclosures — and even giving homeowners an additional chance at staying in their homes — while reducing costs to the
Fund.
The budget also eliminates
funding for the Choice Neighborhoods program, which replaces
distressed public housing with mixed - income housing, among other initiatives; the HOME Investment Partnerships Program, which assists communities with affordable housing development; and the Self - Help Homeownership
Opportunity Program (SHOP), which awards grants to nonprofits for low - income housing development.
Conlon & Co founded and managed two successful investments
funds: a $ 100 million mezzanine lending
fund which provided financing on over $ 1 billion of development projects as well as a $ 50 million real estate
opportunity which acquired
distressed property in Chicago and the Southeast during the 2008 — 2011 economic crisis.