Platform: Lohnbach

Sector: Special Situations

Region: Germany

Date of Initial Investment: 2004

Business Description: Formed in 2004 to invest in non-performing loans collateralized by real estate and related assets in Germany. Lohnbach focuses on loans secured by mid- to large-size real estate assets requiring intensive and complex asset management. Since inception, the platform has acquired approximately $3.5+ billion of unpaid principal balance collateralized by more than 900 properties. Lohnbach serviced, restructured, and sold these loans or assets upon stabilization.