Jefferies Joins Singapore Sovereign Fund to Finance Real Estate
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Jefferies Group Inc., the New York-based investment bank, the Government of Singapore Investment Corp. and LoanCore LLC, formed a joint venture to originate commercial real-estate debt in the U.S.
The company, to be known as Jefferies LoanCore LLC, can draw on $600 million in capital, the firm said today in a statement. Mark Finerman, the founder of LoanCore LLC, will lead the venture, according to the statement.