US investment firms Davidson Kempner, Bain Capital and Fortress are seen as the strongest contenders in the race to acquire the mezzanine notes of a massive non-performing loan (NPL) portfolio of mainly residential mortgages being offloaded by the National Bank of Greece.
Big pension funds, insurers and major asset managers intensified their investment activity in the week before Expo, with well over €2 bn of real estate changing hands.
