General Atlantic, Execs Buy REIT's Stake In Oak Hill

Law360, New York (October 25, 2011, 8:12 PM EDT) -- Global growth firm General Atlantic LLC, investment mogul Robert Bass and senior management of Oak Hill Advisors LP have split the minority stake in Oak Hill previously held by real estate investment trust iStar Financial Inc., the parties announced Tuesday.

The transaction consolidates majority ownership of the $12.8 billion hedge fund among its upper brass and brings General Atlantic in as a first-time investor with an undisclosed minority stake.

The terms of the all-cash deal were not disclosed, but iStar noted a $30 million pretax gain...
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