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The financing round was led by Egan-Managed Capital, and also included Kodiak Venture Partners, Charles River Ventures and Star Ventures Management.
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Silver Bay will be externally managed by PRCM Real Estate Advisers, which is a joint venture between an affiliate of Pine River Capital Management and Provident Real Estate Advisors LLC, a private capital management firm.
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Real estate brokerage Realogy sought to skirt defaults on some of its bonds by launching a debt exchange but CarlIcahn'Carl Icahn's venture-capital firm, High River , threw a wrench in its plans by slapping Realogy with a lawsuit and accusing it of delaying the inevitable.
FORBES: Magazine Article