Blackstone Adds Capital Trust Asset Manager

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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...