24 Feb '11, 3pm

GIC in S$765m US commercial real estate venture

NEW YORK - Jefferies Group, the New York- based investment bank, the Government of Singapore Investment Corp (GIC) and LoanCore have formed a joint venture to originate commercial real-estate debt in the United States The company, to be known as Jefferies LoanCore LLC, can draw on US$600 million (S$765 million) in capital, the firm said on Thursday. Mr Mark Finerman, the founder of LoanCore LLC, will lead the venture, according to the statement. "As our industry recovers from the disruption of the recent financial crisis, we expect Jefferies LoanCore to be a leader in providing creative capital solutions," Mr Finerman said in the statement. - BLOOMBERG

Full article: http://www.todayonline.com/Business/EDC110224-0000661/GIC...

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