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Racebrook Stage: Venture Date of Investment: 2004 Web Site : http://www.racebrook.com
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Racebrook is an acquisition vehicle targeting high risk and high return nonperforming commercial mortgage loans ("NPLs") and distressed real estate assets in the United States. The company was formed by Warburg Pincus and management in 2004. Racebrook was formed with the belief that the existing supply of NPLs provides adequate and attractive investment opportunities and that, within the next few years, debt maturities on over-leveraged assets will create compelling investment opportunities. Led by C.E.O. John Cuticelli, the company is based in New York, New York.
