(Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investing firms, Bloomberg News reported on Friday.
The portfolio comprises 201 performing capital-call loans tied to Starwood Capital Group, Carlyle Group, Blackstone, Thoma Bravo and Brookfield Asset Management, the report said, citing a person familiar with the matter.
The FDIC hired Newmark Group in March to sell about $60 billion of Signature Bank’s loans, after state regulators decided to close down the failed lender amid a turmoil in regional banks earlier this year.
The FDIC did not immediately respond to a Reuters request for comment.
The sale was launched on July 25 and is limited to FDIC-insured depository institutions, the report said, citing a notice by the regulator.
The notice reads that the loans for sale “consist of subscription credit facilities to private equity funds.”
(Reporting by Pritam Biswas in Bengaluru; Editing by Arun Koyyur)
