EJF Capital Closes Capital Relief Transaction with U.S. Bank
17 Julio 2024 - 1:51PM
Business Wire
EJF Capital LLC (“EJF”), a global alternative asset management
firm, today announced the successful closing of a capital relief
transaction with a U.S. bank counterparty.
The transaction provides the bank with capital relief on a $1.73
billion reference pool of jumbo residential mortgages and marks
EJF’s second credit risk transfer transaction with a bank with less
than $100 billion in assets.
Neal J. Wilson, Co-Founder and Co-Chief Executive Officer of
EJF, said, “We are pleased to serve as a flexible capital solution
provider to U.S. banks. The closing of this credit default swap
arrangement reflects our commitment to working with borrowers and
finding creative, non-dilutive ways to transfer risk.”
About EJF Capital
EJF Capital LLC is a global alternative asset management firm
focused primarily on regulatory event-driven investing within the
financial sector. EJF was founded by Manny Friedman and Neal Wilson
in 2005 and is headquartered just outside of Washington, D.C., with
additional offices in London and Shanghai. As of March 31, 2024,
EJF manages approximately $5.9 billion, including $3.0 billion in
CDO assets through affiliates, across a diverse group of
alternative asset strategies. EJF’s approach combines investment
expertise across the capital structure with a corporate finance
focus to unearth creative solutions for investing in complex,
mispriced securities and other assets. To learn more, please visit
http://ejfcap.com and please read additional Risks and Limitations
located here.
This information shall not constitute a solicitation or an offer
to buy or sell any security or service, or an endorsement of any
particular investment strategy. Nothing in this material
constitutes investment, legal, or other advice nor is it to be
relied upon in making investment decisions. Offering of EJF funds
is made by private placement memorandum only. The specific
strategies identified and described in this communication do not
represent all strategies offered by EJF and the reader should not
assume that investments or strategies were or will be profitable.
This document shall not in any event be deemed to be complete and
exhaustive information on the subjects covered. In connection with
this communication, you are encouraged to review EJF’s Risk and
Limitations Associated with EJF Strategies.
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version on businesswire.com: https://www.businesswire.com/news/home/20240717101567/en/
Media Contacts: Nathaniel Garnick/Iain Hughes Gasthalter
& Co. (212) 257-4170
EJF Investor Relations: investorrelations@ejfcap.com
http://ejfcap.com (571) 982-7281