Stone Point Capital closes $340 mln buy of Rialto Investment

Lennar Corp said Dec. 3 that it closed the sale of Rialto Investment and Asset Management to Stone Point Capital for $340 million. Lennar said it is retaining its Rialto Mortgage Finance business along with its fund investments, as well as carried interests in various Rialto funds and investments in other Rialto balance sheet assets.

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