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Goldman Sachs affiliate to acquire Genesis Capital

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.