CrossHarbor Capital Partners, a Boston based private equity firm, is the proud new poppa of Montana’s private ski area, Yellowstone Club.
On Monday a U.S. Bankruptcy Court downgraded Credit Suisse’s claim to an unsecured creditor, calling a previous loan from Credit Suisse as “predatory.” The move by Judge Ralph B. Kirscher was supported by the Ad Hoc Yellowstone Club Members Committee, a group that represents a majority of the Yellowstone Club members and homeowners.
CrossHarbor has fronted both the purchase bucks and operating expenses. Yellowstone Club member contracts will remain intact. Warren Miller is super stoked!
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