Following in the steps of its parent company, Capmark Financial Group, Capmark Investments LP announced last Friday that it will file Chapter 11. Capmark Financial announced its bankruptcy filing in October 2009. That announcement included several Capmark Financial subisidiaries, but not Capmark Investments.
As of Dec. 31, 2009, Capmark Investments, which manages equity real estate and mortgage-related investments in the public and private markets, had more than $1.7 billion in investments under management.
The partnership filed its Chapter 11 petition with the U.S. bankruptcy court in Wilmington, Del. According to the petition, it has more than $1 billion of assets and liabilities, Reuters reports.