{"id":31653,"date":"2012-10-01T05:32:17","date_gmt":"2012-10-01T09:32:17","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=31653"},"modified":"2012-10-01T05:37:32","modified_gmt":"2012-10-01T09:37:32","slug":"hedge-fund-acquisitions-capital-trust-to-sell-investment-management-platform-to-blackstone","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2012\/hedge-fund-acquisitions-capital-trust-to-sell-investment-management-platform-to-blackstone.html","title":{"rendered":"Hedge Fund Acquisitions: Capital Trust To Sell Investment Management Platform To Blackstone"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/fish_eat_fish_bag-p1490766558113912462w92h_400.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-22167\" title=\"HEDGE FUND MERGERS ANd ACQUISITINONS\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/fish_eat_fish_bag-p1490766558113912462w92h_400.jpg\" alt=\"\" width=\"184\" height=\"135\" \/><\/a>New York (HedgeCo.Net) . An\u00a0affiliate\u00a0of hedge fund investor giant\u00a0Blackstone has acquired NY Capital Trust, Inc&#8217;s\u00a0investment management business, operated through its subsidiary, CT Investment Management Co., LLC.\u00a0<strong><em>\u00a0<\/em><\/strong><\/p>\n<p><strong><\/strong>Under the terms of the agreement, Blackstone will acquire CTIMCO and its fund co-investments for\u00a0$20 million.\u00a0 Blackstone will also manage Capital Trust and purchase an 18.2% equity stake in the company.\u00a0 Following the closing, CTIMCO will be integrated into Blackstone&#8217;s Real Estate Debt Strategies\u00a0business.<\/p>\n<p>Simultaneously with its acquisition of CTIMCO, Blackstone will purchase five million shares of newly issued Capital Trust common stock at a price of\u00a0$2.00\u00a0per share.<\/p>\n<p>Stephen Plavin, CEO of Capital Trust, commented: &#8220;We believe that Blackstone \u2014 with its unparalleled presence in the commercial real estate marketplace \u2014 is the ideal management platform for CTIMCO&#8217;s commercial real estate debt businesses and that the combination of two market leaders will create a platform extremely well positioned for growth.\u00a0 This is an excellent result for Capital Trust&#8217;s shareholders, CTIMCO and its limited partner investors.&#8221;<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) . An\u00a0affiliate\u00a0of hedge fund investor giant\u00a0Blackstone has acquired NY Capital Trust, Inc&#8217;s\u00a0investment management business, operated through its subsidiary, CT Investment Management Co., LLC.\u00a0\u00a0 Under the terms of the agreement, Blackstone will acquire CTIMCO and its fund co-investments [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,3],"tags":[],"class_list":["post-31653","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=31653"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31653\/revisions"}],"predecessor-version":[{"id":31655,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/31653\/revisions\/31655"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=31653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=31653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=31653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}