Lloyds trades €380m Project Pittsburgh to CarVal Investors

Lloyds Banking Group is to sell the circa €380m Project Pittsburgh non-performing loan (NPL) portfolio to CarVal Investors, with the larger €1.8bn Project Lane expected to trade with Apollo Global Management, CoStar News understands. The two Irish sub-portfolios together comprise … Continue reading →

Lloyds lines up four-strong €2.2bn Project Pittlane NPL shortlist

This gallery contains 1 photo.

Lloyds Banking Group has selected two consortia and two standalone individual private equity bids to contest the giant €2.2bn two-part Irish Project Pittlane commercial loan portfolio. Kennedy Wilson, Deutsche Bank, Och-Ziff and Varde Partners comprise the first of the two … Continue reading →