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
Location
Texas, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.