Pretium Partners LLC is buying Selene Finance LP, a residential mortgage servicer, from funds managed by Oaktree Capital Management LP and Ranieri Partners LLC.
The deal for Selene also includes a title-services company and a third-party diligence and advisory-service firm. Pretium was founded in 2012 by former Goldman Sachs Group Inc. partner Donald Mullen, who oversaw Goldman’s bet against the U.S. subprime market.
Since then, Pretium has raised more than $2 billion to buy single-family rental homes, building a portfolio that currently contains more than 26,000 rental houses. The company’s investments are spread across real estate, mortgage finance and corporate ...
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