*
|
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
|
CUSIP No. 14052H100
|
1.
|
Name of Reporting Persons:
W. R. Berkley Corporation
|
|||||
2.
|
Check the Appropriate box if a Member of a Group (See Instructions)
(a) ¨ (b) ¨
|
|||||
3.
|
SEC Use Only
|
|||||
4.
|
Source of Funds (See Instructions):
WC
|
|||||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
|
|||||
6.
|
Citizenship or Place of Organization:
Delaware
|
|||||
Number of
Shares
Beneficially by
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power:
3,843,413
|
||
|
8.
|
|
Shared Voting Power:
0
|
|||
|
9.
|
|
Sole Dispositive Power:
3,843,413
|
|||
|
10.
|
|
Shared Dispositive Power:
0
|
|||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
3,843,413
|
|||||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
|
|||||
13.
|
Percent of Class Represented by Amount in Row (11):
17.1%
|
|||||
14.
|
Type of Reporting Person (See Instructions):
CO
|
CUSIP No. 14052H100
|
1.
|
Name of Reporting Persons:
Admiral Insurance Company
|
|||||
2.
|
Check the Appropriate box if a Member of a Group (See Instructions)
(a) ¨ (b) ¨
|
|||||
3.
|
SEC Use Only
|
|||||
4.
|
Source of Funds (See Instructions):
WC
|
|||||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
|
|||||
6.
|
Citizenship or Place of Organization:
Delaware
|
|||||
Number of
Shares
Beneficially by
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power:
520,000
|
||
|
8.
|
|
Shared Voting Power:
0
|
|||
|
9.
|
|
Sole Dispositive Power:
520,000
|
|||
|
10.
|
|
Shared Dispositive Power:
0
|
|||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
520,000
|
|||||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
|
|||||
13.
|
Percent of Class Represented by Amount in Row (11):
2.3%
|
|||||
14.
|
Type of Reporting Person (See Instructions):
IC, CO
|
CUSIP No. 14052H100
|
1.
|
Name of Reporting Persons:
Berkley Insurance Company
|
|||||
2.
|
Check the Appropriate box if a Member of a Group (See Instructions)
(a) ¨ (b) ¨
|
|||||
3.
|
SEC Use Only
|
|||||
4.
|
Source of Funds (See Instructions):
WC
|
|||||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
|
|||||
6.
|
Citizenship or Place of Organization:
Delaware
|
|||||
Number of
Shares
Beneficially by
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power:
1,463,900
|
||
|
8.
|
|
Shared Voting Power:
0
|
|||
|
9.
|
|
Sole Dispositive Power:
1,463,900
|
|||
|
10.
|
|
Shared Dispositive Power:
0
|
|||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
1,463,900
|
|||||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
|
|||||
13.
|
Percent of Class Represented by Amount in Row (11):
6.5%
|
|||||
14.
|
Type of Reporting Person (See Instructions):
IC, CO
|
CUSIP No. 14052H100
|
1.
|
Name of Reporting Persons:
Berkley Regional Insurance Company
|
|||||
2.
|
Check the Appropriate box if a Member of a Group (See Instructions)
(a) ¨ (b) ¨
|
|||||
3.
|
SEC Use Only
|
|||||
4.
|
Source of Funds (See Instructions):
WC
|
|||||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
|
|||||
6.
|
Citizenship or Place of Organization:
Delaware
|
|||||
Number of
Shares
Beneficially by
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power:
1,039,700
|
||
|
8.
|
|
Shared Voting Power:
0
|
|||
|
9.
|
|
Sole Dispositive Power:
1,039,700
|
|||
|
10.
|
|
Shared Dispositive Power:
0
|
|||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
1,039,700
|
|||||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
|
|||||
13.
|
Percent of Class Represented by Amount in Row (11):
4.6%
|
|||||
14.
|
Type of Reporting Person (See Instructions):
IC, CO
|
CUSIP No. 14052H100
|
1.
|
Name of Reporting Persons:
Nautilus Insurance Company
|
|||||
2.
|
Check the Appropriate box if a Member of a Group (See Instructions)
(a) ¨ (b) ¨
|
|||||
3.
|
SEC Use Only
|
|||||
4.
|
Source of Funds (See Instructions):
WC
|
|||||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ¨
|
|||||
6.
|
Citizenship or Place of Organization:
Arizona
|
|||||
Number of
Shares
Beneficially by
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power:
819,813
|
||
|
8.
|
|
Shared Voting Power:
0
|
|||
|
9.
|
|
Sole Dispositive Power:
819,813
|
|||
|
10.
|
|
Shared Dispositive Power:
0
|
|||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
819,813
|
|||||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): ¨
|
|||||
13.
|
Percent of Class Represented by Amount in Row (11):
3.6%
|
|||||
14.
|
Type of Reporting Person (See Instructions):
IC, CO
|
Item 4.
|
Purpose of Transaction.
|
·
|
all of the issued and outstanding limited liability company interests in CTIMCO, through which the Issuer operates its investment management and special servicing business;
|
·
|
all of the issued and outstanding limited liability company interests in CT OPI Investor, LLC, a limited partner in CT Opportunity Partners I, L.P., an investment fund managed by CTIMCO; and
|
·
|
all of the issued and outstanding limited liability company interests in CT High Grade Partners II Co-Invest, LLC, a non-managing member of CT High Grade Partners II, LLC, an investment fund managed by CTIMCO.
|
Item 5.
|
Interest in Securities of the Issuer.
|
Item 7.
|
Material to be Filed as Exhibits.
|
Exhibit 7
|
|
Voting Agreement, dated as of September 27, 2012 by and among Huskies Acquisition LLC, W. R. Berkley Corporation, Admiral Insurance Company, Berkley Insurance Company, Berkley Regional Insurance Company and Nautilus Insurance Company.
|
Exhibit 8
|
|
Letter Agreement, dated as of September 27, 2012 by and between Capital Trust, Inc. and W.R. Berkley Corporation.
|
Dated: September 28, 2012
|
W.R. BERKLEY CORPORATION
|
|
|
By:
|
/s/ William R. Berkley
|
|
-----------------------------------------
|
|
|
Name:
|
William R. Berkley
|
|
Title:
|
Chairman of the Board and Chief Executive Officer
|
Dated: September 28, 2012
|
|
ADMIRAL INSURANCE COMPANY
|
|
By:
|
/s/ Thomas G. Grilli, Jr.
|
|
-----------------------------------------
|
|
|
Name:
|
Thomas G. Grilli, Jr.
|
|
Title:
|
Chief Financial Officer and Treasurer
|
Dated: September 28, 2012
|
BERKLEY INSURANCE COMPANY
|
|
|
By:
|
/s/ Eugene G. Ballard
|
|
-----------------------------------------
|
|
|
Name:
|
Eugene G. Ballard
|
|
Title:
|
Senior Vice President
|
Dated: September 28, 2012
|
BERKLEY REGIONAL INSURANCE COMPANY
|
|
|
By:
|
/s/ Eugene G. Ballard
|
|
-----------------------------------------
|
|
|
Name:
|
Eugene G. Ballard
|
|
Title:
|
Senior Vice President
|
Dated: September 28, 2012
|
NAUTILUS INSURANCE COMPANY
|
|
|
By:
|
/s/ Miklos F. Kallo
|
|
-----------------------------------------
|
|
|
Name:
|
Miklos F. Kallo
|
|
Title:
|
Senior Vice President and Chief Financial Officer
|
If to Purchaser, to:
|
||
c/o The Blackstone Group L.P.
|
||
345 Park Avenue
|
||
New York, NY 10154
|
||
Attention:
|
Chief Legal Officer and
|
|
Randall Rothschild
|
||
Facsimile:
|
646-253-8983
|
|
646-253-8405
|
||
with a copy to:
|
||
Simpson Thacher & Bartlett LLP
|
||
425 Lexington Avenue
|
||
New York, NY 10017-3954
|
||
Attention:
|
Brian Stadler
|
|
Patrick Naughton
|
||
Facsimile:
|
212-455-2502
|
|
if to a Stockholder:
|
||
c/o W. R. Berkley Corporation
|
||
475 Steamboat Road
|
||
Greenwich, CT 06830
|
||
Attention:
|
Ira S. Lederman
|
|
Facsimile:
|
203-629-3000
|
|
with copies to:
|
||
Willkie Farr & Gallagher LLP
|
||
787 Seventh Avenue
|
||
New York, New York 10019-6099
|
||
Attention:
|
Jeffrey S. Hochman
|
|
Mark A. Cognetti
|
||
Facsimile:
|
212-728-9968
|
HUSKIES ACQUISITION LLC
|
||
By:
|
/s/ Laurence Tosi | |
Name:
|
Laurence Tosi | |
Title:
|
Chief Financial Officer | |
STOCKHOLDERS
|
||
W. R. BERKLEY CORPORATION
|
||
By:
|
/s/ William R. Berkley
|
|
Name:
|
William R. Berkley
|
|
Title:
|
Chairman of the Board and Chief Executive Officer
|
|
ADMIRAL INSURANCE COMPANY
|
||
By:
|
/s/ Thomas G. Grilli, Jr.
|
|
Name:
|
Thomas G. Grilli, Jr.
|
|
Title:
|
Chief Financial Officer and Treasurer
|
|
BERKLEY INSURANCE COMPANY
|
||
By:
|
/s/ Eugene G. Ballard
|
|
Name:
|
Eugene G. Ballard
|
|
Title:
|
Senior Vice President
|
|
BERKLEY REGIONAL INSURANCE COMPANY
|
||
By:
|
/s/ Eugene G. Ballard
|
|
Name:
|
Eugene G. Ballard
|
|
Title:
|
Senior Vice President
|
|
NAUTILUS INSURANCE COMPANY
|
||
By:
|
/s/ Miklos F. Kallo
|
|
Name:
|
Miklos F. Kallo
|
|
Title:
|
Senior Vice President and Chief Financial Officer
|
Stockholder
|
Owned Shares
|
W. R. Berkley Corporation
|
3,843,413*
|
Admiral Insurance Company
|
520,000
|
Berkley Insurance Company
|
1,463,900
|
Berkley Regional Insurance Company
|
1,039,700
|
Nautilus Insurance Company
|
819,813
|
A.
|
Omnibus Purchase Agreement” means that that certain Purchase and Sale Agreement by and between the Company and Huskies Acquisition LLC (“Purchaser”), to be entered into as of the date hereof, pursuant to which the Company will, among other things sell to Purchaser (i) certain limited liability company interests and limited partnership interests relating to the investment management business of the Company for an aggregate purchase price of $20,629,004, subject to adjustment and (ii) 5,000,000 shares of the Company’s class A common stock, par value $0.01 per share, for an aggregate purchase price of $10,000,000, or $2.00 per share.
|
B.
|
“Management Agreement” means that certain Management Agreement, by and between the Company and an affiliate of Purchaser to be determined prior to the Closing (as defined in the Omnibus Purchase Agreement), to be entered into on the Closing Date (as defined in the Omnibus Purchase Agreement).
|
C.
|
“Voting Agreement” means that that certain Voting Agreement, by and among Purchaser, W. R. Berkley Corporation, (“W. R. Berkley”), Admiral Insurance Company (“Admiral”), Berkley Insurance Company (“Berkley Insurance”), Berkley Regional Insurance Company (“Berkley Regional”), and Nautilus Insurance Company (“Nautilus,” and together with Berkley, Admiral, Berkley Insurance and Berkley Regional, the “Berkley Stockholders”).
|
D.
|
“Qualified Offering” means any equity financing, including without limitation any registered public offering, pursuant to which the Company or any direct or indirect subsidiary of the Company issues equity securities (including any securities, indebtedness or other instruments convertible into common stock or other equity
|
|
securities of the Company or any direct or indirect subsidiary and excluding securities issued pursuant to any outstanding warrants, any outstanding or future employee or director equity awards or any securities issued to the Company or any direct or indirect subsidiary of the Company), and (i) that is commenced after the Closing (as defined in the Omnibus Purchase Agreement) and (ii) the expected gross proceeds of which, when taken together with the gross proceeds of all the other such offerings commenced after the Closing, exceeds $30 million.
|
M=F=*TPG)T^U)_ZX MK_A3?['TG`']FVF!T'DKQ^E<^*PKQ-/DE8WPV(5"ISQN>8:3O:>']X\@\P8W M8YYZUW6MZ!+J7BJVO9"GV2&(!QU+D,3C'IS6S'IU@CATLK=6'0B(`BK(KGPN M5QI1E&H^9-I_<;XG,)59J4%:R:^\!THHR/6DR/45ZIYHM%%%`!1110`4444` M%%%%`!1110`53\1:G:Z)X?OM9OGV6NG6TES.W]U$4LQ_(&KE><_M<7C:=?K':V=G- M(T0==KF)$61``J,FZ0Y+%O8@?9->&_\`!.VV2']F#3)U`#7=_>R/@=UG>/\` MD@KW(G`S39,=CQV/XX[OVLF^#G]DV_E!"HOQ<'>9?LHN=NS;C&WCK7L5?`^D M:K+/^V;9?$)')MKSXBW.C)-V*YBAC_.*6OO<]*&-.Y\S?"']K&X\07^E2>+/ M!']D:'K%]_9UOK5O>&6&*ZVHWER!D&!B123NX&3@@,1]!?$#6G\.>`M;\0Q0 M+;:0J1NB MC^Q10B0_W1OF7DX&%<_PG'WQ\=5_XL5XR4X_Y%R_'_DM)0Q)Z%3]G/QY$S MX1:;XRNM.AT^6^EN4:WAE,BIY4\D60Q`)SY>>G>O+_C!\>OB9X'^(D'AR3X7 M6[PZQJ3V6@7$NI`'4B)$12`/NDF2/[VW[WL:Z#_@GU_R:CX=_P"OG4/_`$NG MKEOVW?\`DN?P,_[&I?\`TKL*%N">ESW3X:ZEXAU?P38ZCXJT)=#U>=6-UIZS M"40$.P`W`D'*A3U[UYUX?^-DNH_M7ZG\(VTRU%G9PMY%^DK>9),L$4K(5Z8& MZ4?\`KV(G`S7P3\,=0E_X:\T3XC%V$'B#Q]K-C"<\&+;%''^E[C_`(![4)#; M/N7Q=J+Z1X5U+5HHUD>QLY;A4;HQ1"P!_*N-_9C^(UW\4OA>GBJ]TZWL)7O) M;?R8)"ZX0@9R>>]=-\3L?\*V\09_Z!5S_P"BFKR+_@G"<_LUP'.?^)K=?^A" MCH'4ZW]HWX7:Q\2(-+.D^.]1\+_V6)S)]B1S]IWA,;MLJ?=V'&<_>/2OF/\` M8P\(>*OBS- M? +?3SK+'_`'Q+33T$]T?5VKW#6FE75VJAF@@>0*>A*J3C]*^; M_A%^U5>ZWJ.BGQEX+&DZ-X@NC966LVMR9(5N`5!1U(R!EU!;/& )Q MGPUJ(];27_T`U^>_A^[@U[]GGX=?#O29%G\07_C.6Y2",YDBCV^4&?'W5)DW M9/:-C_":$@;/N/\`:"\;7/P[^$6K>,;2QBO9M.\C;;RN55_,GCC.2.1@.3^% M<%XB^.^HZ==?"*--!M&'Q+@MY9RT[?Z$93:\)@?-C[0>N/NCUK2_;MX_93\4 M9_Z<_P#TL@KQ#QP/]/\`V41@\V%A^ATVDD#=CZU^('B73O!_@C5/%&K%_L>E M6KW,HC&7<*,A5'=B<`>Y%>??LY?$/XC_`!#E.M:_X%L]"\+WEG]HTR\6^$LL M[%P%7;G)7;N.XJG\.`0 9;8.,@>NQGP"CQD9Y-`^IWG M[2?CGQ]X"T.'6_"'@RWU[3;6UNKO6KB:[6(6$42HP;!<,^5\TX4,?DZ \5_M$R3>48]A >-#(H_$J!7=4DB+)&R.H96&&4C((]*`>J/`?^"; MFJP7O[._]G1R*9-)U:XAD0-DKO(F!^A\T_D:]T\07T>EZ#>ZG-_J[*VDG?Z( MI8_RKYNLOV">)NDB,I5E/U!(H$E96/S?BM/B#9?LTZ;X MH.AV1\/V_BLZS'JRR@73WH7[.5*[O]7OB'.W.Y1SBOTATN[@O]-M[ZV# 'K4^'%;>-..?*!\WSL]<_ZSYNO6N@TFQM M-,TNVTVPA6"ULX4A@B7I&B@*JCV``%-NXHJQ\L?\$PO!?AF?X>7GCFXTN&?7 M8-3DLK>\ERS6\0MX6QPI)D?+`9(.,XXKZ#^//_`"0[QG_V+M__`.D\E:'P M_P#!OACP1HTFD^%-'M]+LI9S.\$`(4R%54MSWPJC\!6GK%A9ZKI-UIFH6Z7% MI>P/!<0O]V2-U*LI]B"12&E96/(/^"?61^REX>!_Y^M0_P#2Z>N8_;:`/QQ^ M!V2V1XH4K@=3]LL.OX9KWKP7X;T/PEX=AT'PYIL.G:;;L[16T((1"[EVQGU9 MB?QJOXL\&^&/$VKZ1JFO:-;7UYH-Q]ITR:4$M:R[D;
.GIXZ\-_`WP)XPO-%M$\-:1XG-_8ZD MC_Z5+.'^82+OX4FT.#M'0<\U^B^MZ=9:QHMWI.I6Z7-E?V[V]S"_W98W4JRG MV()%8%_\./`][X#M_!=UX;LI=`M7#PZ>RGRXV#%@1SG.6)_$T(&KEOXDLK_# M/7G4AE;2;D@CG(\IJ\-_X)W>*_#%K\%+/PU=>)-(BUJXU2Y,6FO?1K +_L:?!?6_@YH^MVFM:MI^H-JCV[1FR5P$\M7!SN`Z M[A1T![H]=\2\>'-0/_3I+_Z`:_/S]FA[GX;:I\/_`(GQ;+BQUS5+C0]2BFC! M^SJ3&/,1L9!VONXY_=,,X &?">F:9>W(*O/! M``RJ3DJG]Q2<95<#@<<4)@U ```237S!K.JZ#XH_P""A_A#5?`-_:ZJD6E.VM7>G3"6#`AN4R[IE6(#PKG) MY,8ZCCZ<\0:3IFNZ-<:1K-A;W]A=IY<]M<1AXY5]"IX-9'P_\`^#?`\=PGA3 MP[8Z6;L@W#P1_/+CH& TVWT[3K8N8;6W3;'&7