Steadfast Capital Enters the Market to Help Nonbank Residential Lenders Raise Capital
May 9, 2013
Raising capital for privately held nonbank lenders that want to grow their holdings of residential mortgage servicing rights – or get into the market – has been mostly a dormant business since the housing bust of 2008, but Steadfast Capital hopes to change all that. And the newly launched company isn’t just raising capital through equity and structured debt offerings – it plans to invest alongside the lenders it’s working for. “We have a willingness to invest in every deal,” said Steadfast president, CEO and founder David Fleig. “It’s important to us.” Presently, Steadfast is talking...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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