Pretium Sells Stake to Hunter Point Capital to Fund Growth Push

Pretium, the US housing giant led by former Goldman Sachs Group Inc. partner Don Mullen, is selling a minority stake in the firm to Hunter Point Capital as it seeks financial muscle for new initiatives.

The investment is part of a strategic partnership between Mullen’s firm and Hunter Point, founded by Avi Kalichstein and Bennett Goodman, according to a statement Tuesday. The new capital will also help Pretium expand existing businesses. Terms weren’t disclosed.

The transaction is a testament to “the many opportunities that lie ahead for our firm,” Mullen said in the statement. “We look forward ...