Pretium announced it has successfully completed a transaction for its 2013 single-family rental (“SFR”) fund.
Joe Davila named Chief Executive Officer and President
Pretium and Värde Partners today confirmed the completion of their previously announced agreement for Pretium to acquire Deephaven Mortgage LLC (“Deephaven”) from Värde Partners.
Pretium and Värde Partners announced that they have entered into a definitive agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners.
Pretium Partners, LLC (“Pretium”), an investment management firm focused on real estate, mortgage finance and corporate credit with over $10 billion in assets under management, today announced that it has entered into a definitive agreement to acquire Selene Holdings LLC (“Selene”) from funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and Ranieri Partners LLC (“Ranieri”).
Total equity capital committed during the fundraising period exceeded $1 billion, including SFR Fund II and targeted commitments from separately managed accounts pursuing SFR strategies.
Progress Residential, a leading owner and operator of high-quality single-family homes for rent, formed by alternative investment manager Pretium Partners, LLC, today announced that Chaz Mueller has joined Progress Residential as Chief Executive Officer.
Last week, Pretium reached an agreement to assume management of two CLOs that are currently managed by NewMark Capital LLC. NewMark Capital Funding 2013-1 CLO Ltd and NewMark Capital Funding 2014-2 CLO Ltd currently hold approximately US$750 million in assets.