New 'vulture-esque' fund for investment grade bonds
CT High Grade Partners II, LLC with $667 million of commitments from two institutional investors.
This fund will be managed by CT Investment Management Co., LLC, Capital Trust's wholly-owned investment management subsidiary.
This is actually a limited time vehicle as well. CT High Grade Partners II has a one year investment period subject to extension by mutual agreement. Investments will be funded 100% with the investors' capital utilizing no leverage and CTIMCO will earn a management fee equal to 0.40% per annum on invested assets.
Jon C. Ogg
Recent Posts
- Investors pressure private equity funds to cut fees (7/03/2009)
- Will an IPO bring more transparency to KKR? (7/02/2009)
- Will FDIC's new rules for buying failed banks deter private-equity investors (7/01/2009)
- Blackstone anticipates recovery in Europe (6/30/2009)
- Carlyle, KKR, JC Flowers and others eye Nan Shan Life (6/29/2009)
BloggingBuyouts is provided for informational purposes only. Nothing on the service is intended to provide personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. You are solely responsible for any investment decisions that you make. The contributors who provide the content of BloggingBuyouts may, from time to time, hold positions in the securities discussed at the time of writing and they may trade for their own accounts. Such holdings will be disclosed at the time of writing. By using the site, you agree to abide to BloggingBuyouts' Terms of Use.







