At the end of December, the majority shareholders of FYT agreed to sell their interests to D.B. Zwirn.  The shareholders/board had given careful consideration to additive investors/owners and felt that D.B. Zwirn’s strategy and reputation was a logical fit.  FYT will take on investment consulting services/servicing of non-performing loans in various capacities for D.B. Zwirn’s mainland China business as well as provide back office/reporting assistance for other Asian investments.  FYT had recently received an affirmation for the 3rd year in a row of an Above Average rating as a Special Servicer from Standard and Poors, emphasizing the strength of the systems in place at FYT.  The systems, reputation, experience and market recognition were a few of the reasons that D.B. Zwirn felt that an investment in FYT would enhance their mainland China platform.  We look forward to this exciting new chapter for FYT and the opportunity to assist D.B. Zwirn-managed funds in their investment goals in mainland China, while continuing to provide services and expand our 3rd party consulting services in China.

Founded in 2001, D.B. Zwirn & Co. is a global alternative investment firm and merchant capital provider with approximately $5 billion of equity capital and nearly $8 billion of invested assets. The firm’s more than 250 employees operate from three principal “hub” offices in New York, London and Hong Kong, supported by a network of sourcing and servicing offices across North America, Latin America, Europe and Asia. D.B. Zwirn’s investment activities and scope of resources are further supplemented by its international network of over 80 joint ventures around the world. Leveraging its comprehensive global infrastructure of people, platforms and partnerships, we believe D.B. Zwirn has the mandate and capacity to source, analyze and service investments across a virtually unabridged cross-section of financial products, industry sectors and geographies.