PMI Group

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Blackstone acquires ‘significant equity stake’ in mortgage insurer PMI Group HW+

Sep 03, 2015By

Blackstone is increasing its already substantial position in housing again, as funds affiliated with Blackstone Tactical Opportunities are set to acquire a “significant equity stake” in The PMI Group, a provider of mortgage insurance. PMI said that in connection with the purchase of a significant equity stake in PMI, Blackstone will provide PMI with a loan to be used for working capital.

3d rendering of a row of luxury townhouses along a street

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