News Briefs

Slate collects nearly $600m for inaugural credit fund: WSJ

Real-estate focused Slate Asset Management, which is backed by Goldman Sachs' Petershill unit, has raised nearly $600 million for its first private credit fund, the Wall Street Journal reported.

-

Real-estate focused Slate Asset Management, which is backed by Goldman Sachs’ Petershill unit, has raised nearly $600 million for its first private credit fund, the Wall Street Journal reported. Toronto-based Slate will use the capital to invest in debt, including bridge and transitional loans. Slate Real Estate Capital I will also back the firm’s previously announced $2.33 billion acquisition of Annaly Capital Management ’s commercial property business.

Source: WSJ