A Goldman Sachs Group Inc. affiliate is buying Genesis Capital LLC, a specialty lender to professional residential real estate developers.
Genesis is being acquired from Oaktree Capital Management LP-managed funds. Deal terms were not disclosed.
Wells Fargo Securities served as Genesis' financial adviser. Munger Tolles & Olson acted as legal counsel to both Genesis and Oaktree. Goldman was advised by Goldman Sachs & Co. LLC, Davis Polk & Wardwell and Mayer Brown LLP.