More Banks Marketing Loan Portfolios to Private Equity Buyers

Investment management firms and private equity are picking up the assets, but no word of what will happen in the future.

By Erik Sherman | June 29, 2023 at 08:23 AM

Early this week, alternative investment manager Ares Management announced that it had acquired a $3.5 billion specialty finance loan portfolio from PacWest Bancorp that included residential and commercial real estate loans.

Last month, PacWest sold its real estate lending arm to Roc360 for an undisclosed amount and its CRE loan portfolio to Kennedy Wilson for $2.4 billion.

PacWest's stock is up about 12% since the close of last week.

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