Pretium Partners acquires Selene Holdings

New York–based alternative investment manager Pretium Partners has entered into a definitive agreement to acquire Selene Holdings from funds managed by Oaktree Capital Management and Ranieri Partners.

Founded in 2007, Selene is the parent company of Selene Finance, a Houston-based residential mortgage servicing company. With more than 500 full-time employees, Selene Finance is a special servicer of nonperforming, re-performing, REO and performing loans and is able to service in all 50 states. Selene Holdings also includes SelecTitle, a title services company, and New Diligence Advisors, a national third-party diligence and advisory services firm.

Terms of the transaction were not disclosed.

The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close midyear 2019.