Hancock completed the acquisition of a minority stake in SIG CRE 2023 for $1.2bn.

Hancock, a joint venture made up of Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, CPP Investments, Rialto Capital and Federal Deposit Insurance, completed the acquisition of a minority stake in SIG CRE 2023, a mortgage loan portfolio retained in receivership following the failure of Signature Bank, from Federal Deposit Insurance Corporation, a United States government corporation supplying deposit insurance, for $1.2bn.