Wednesday, 23 July 2014
Last updated 39 min ago
Oct 2 2012 | 1:45pm ET
Alternative investments giant Blackstone Group has struck a deal for real-estate finance company Capital Trust's investment-management unit.
Under the deal, Blackstone Real Estate Debt Strategies acquires CT Investment Management for $20 million, taking over the management of its funds. Blackstone will also pay $10 million to buy an 18.2% stake in CTIM's soon-to-be-former parent company, Capital Trust.
As part of the CTIM purchase, Blackrock will also buy out Capital Trust's co-investment with CTIM.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…