New York-based investment bank, Jefferies Group, has set up a joint venture with the Government of Singapore Investment Corporation (GIC) and LoanCore, Bloomberg reports. The new venture, to be known as Jefferies LoanCore, will originate commercial real-estate debt in the U.S. The new company will be able to draw on $600 million in capital. The new venture will be headed by LoanCore’s founder, Mark Finerman, who was previously working with RBS Greenwich Capital, as head of commercial real-estate lending.
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