Bain Capital Credit and SKW Funding, a private lending and distressed debt platform, announced today the formation of their second joint venture, which will target an additional $1.3 billion of acquisitions and loan originations.
The partnership will eye special situation loans as well as sub- and non-performing note acquisitions over the next several years.
The JV has had its first acquisition, a $42 million note secured by an Austin office building portfolio. This purchase was followed shortly thereafter by a $410 million loan origination secured by the office building located at 111 Wall . . .
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