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Chicago & Midwest  + Downtown  + Finance  | 

Mesirow Sells Hedge Fund Platform

Mesirow Financial is selling its $8-billion hedge fund platform, Mesirow Advanced Strategies, in order to focus more tightly on its investment management, capital markets and investment banking businesses. The buyer is Lighthouse Investment Partners, based in Palm Beach Gardens, FL. Deal terms were not disclosed.

Most of the 70-member MAS team will join Lighthouse, the two companies said. “The combination of Lighthouse’s industry-leading managed account platform and strong track record, coupled with MAS’s strengths in less liquid strategies, such as credit and other lending strategies, creates what we believe is a truly unique offering of which our clients will benefit,” said Richard Price, Mesirow’s chairman and CEO.

Founded in 1937 and headquartered in Chicago’s River North neighborhood, Mesirow is active in a number of CRE finance realms, including direct investment opportunities for institutions and sale-leaseback financing.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition
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