New York-based GTIS Partners LP has rebranded as Brightshore Capital LP after becoming fully partner-owned. Managing $5.6 billion in gross assets, the real estate firm simultaneously launched Brightshore Credit, a $250 million debt platform. The vehicle will target high-yield credit, stretch senior and mezzanine financing to assist developers facing high interest rates and building costs across the US and Brazil.
Figure Technology Solutions has secured a definitive $717 million deal to acquire AI lending platform Kiavi. The transaction, backed by a joint venture with Sixth Street, aims to transition billions in residential investment loans onto blockchain rails. This integration will leverage Figure's new AI tool, Adaptor, to automate data onboarding, targeting a 60 per cent medium-term EBITDA margin.
