The Federal Deposit Insurance Corp. launched the sale of an $18.5 billion loan portfolio from Signature Bank this week, a pool of debt tied to major private equity and investing firms, Bloomberg News reported. The portfolio comprises 201 performing capital-call loans tied to firms including Starwood Capital Group, Carlyle Group Inc., Blackstone Inc., Thoma Bravo and Brookfield Asset Management Ltd., according to a person familiar with the matter who asked not to be identified citing private information. The loans for sale “consist of subscription credit facilities to private equity funds,” according to a notice from the FDIC. The FDIC declined to comment. A representative for Newmark didn’t immediately return a message seeking comment. The sale, which launched July 25, is limited to FDIC-insured depository institutions, according to the FDIC’s notice. The deadline for a bid is in September, with closing set for early October. Newmark Group Inc. is handling the sale.
