FDIC Seeks Buyers for $18.5 Billion of Signature Bank Loans Tied to Private Equity
- Regulator is working on sales of Signature Bank’s loans
- Sale includes debt tied to Starwood, Carlyle, Blackstone
The Signature Bank headquarters at 565 Fifth Avenue in New York.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
The Federal Deposit Insurance Corp. launched the sale of an $18.5 billion loan portfolio from Signature Bank this week, a pool of debt tied to major private equity and investing firms.
The portfolio comprises 201 performing capital-call loans tied to firms including Starwood Capital Group, Carlyle Group Inc., Blackstone Inc., Thoma Bravo and Brookfield Asset Management Ltd., according to a person familiar with the matter who asked not to be identified citing private information.