Chimera Investment Corporation Acquires Palisades Group
December 2, 2024
Chimera Investment Corporation completed the acquisition of Palisades Group, a U.S.-based alternative asset manager specializing in residential real estate credit, on December 2, 2024. Chimera paid $30 million in cash at closing with an additional earnout of up to $20 million contingent on performance; Palisades' co-founder Jack Macdowell Jr. joined Chimera as Chief Investment Officer.
- Buyers
- Chimera Investment Corporation
- Targets
- Palisades Group
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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