Products
Data Sets
Integrations
Services
FUNDRAISING NEWS | December 03, 2024
Chimera Investment has completed its previously announced acquisition of Austin, TX-based Palisades Group, an alternative asset manager specializing in residential real estate credit.
Chimera, a publicly traded real estate investment trust, paid cash consideration of $30M at closing and is committed to a further earn-out consideration of up to $20M in cash and stock over five years, subject to the satisfaction of certain financial targets. Following the transaction, which closed December 2, Palisades co-founder and CIO Jack Macdowell, Jr., became the CIO at Chimera.
Chimera hired Houlihan Lokey as its exclusive financial advisor and Hunton Andrews Kurth as its legal counsel for the transaction. Mayer Brown provided Palisades legal advice on the sale.
Written By: Dakota
MetLife IM to Acquire PineBridge from Pacific Century for $1.2B
January 02, 2025
Report: Real Estate Investor Proprium Capital Exploring Sale
December 05, 2024
Partners Group to Acquire €14B Real Estate Investment Manager Empira
December 03, 2024
Chimera Investment Snaps Up Alts Asset Mgr Palisades Group
December 03, 2024
Dutch Pension ABP Buys €2.7B Mortgage Portfolio from NIBC
December 02, 2024
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2025 | Terms of Use | Privacy Policy
