LOS ANGELES, Jan. 9, 2018 /PRNewswire/ -- Genesis Capital, LLC ("Genesis" or "the Company"), a specialty commercial lending platform providing financing solutions to professional residential real estate developers, today announced the completion of its definitive agreement with an affiliate of Goldman Sachs ("Goldman Sachs") to support the Company in its next phase of growth. Genesis was acquired from funds managed by Oaktree Capital Management L.P. ("Oaktree") and management. Terms of the transaction were not disclosed.
The completion of this transaction will enable Genesis to continue to grow its platform, with a focus on achieving additional scale in its current market segments and introducing new products and financing solutions to a broader and national customer base.
About Genesis Capital
Genesis Capital is a high growth specialty commercial lending platform providing financing for qualified and experienced real estate developers focused on the residential real estate market. Genesis Capital is headquartered in Los Angeles, CA. Visit Genesis Capital at www.genesiscapital.com.
About The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Oaktree is a leader among global investment managers specializing in alternative investments, with $99 billion in assets under management as of June 30, 2017. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree's website at www.oaktreecapital.com
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