Parquet Capital, a leading alternative asset manager, alongside two multibillion asset managers, has completed a $140 million investment in a portfolio of over 100 real estate loans made to homebuilders and developers in the Northeast. The loans are secured by a first lien and a personal guarantee by the builders and developers. As part of the investment, Parquet Capital partnered with a family-owned business that has operated in the region for roughly 50 years and has experience building, developing, and managing real estate assets.

About Parquet Capital

Parquet Capital is a leading alternative investment manager. Based in Boston, the company invests in a wide variety of securities and situations, including leveraged loans, high-yield bonds, distressed and stressed debt, mezzanine debt, and equities. Parquet Capital seeks to achieve superior, risk-adjusted returns significantly in excess of indices with substantially lower risk. Additional information can be found at www.parquetcapital.com or contact mediarelations@parquetcapital.com.