Announced
Completed
Financials
Tags
Minority
Single Bidder
Private Equity
private equity
United States
Private Equity
Domestic
Friendly
Acquisition
Private
Completed
Synopsis
American Equity Investment Life Insurance, a private equity firm, completed a $100m investment in Pretium, a private equity firm. Pretium intends to use the proceeds to expand its growing franchise and further elevate its leadership in real estate, residential credit and corporate & structured credit. "We are pleased to build on our relationship with AEL and bring differentiated and return-enhancing strategies for the benefit of AEL's investment portfolio. There is a compelling combination of strong housing fundamentals amidst broader economic uncertainty at a time when few capital providers possess the requisite infrastructure and experience to capitalize on these opportunities. Thanks to our integrated platform, we are well positioned to deliver industry-leading returns for our investors while effectively serving the needs of borrowers," Don Mullen, Pretium Chairman and CEO.
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