WL Ross and Co. LLC is a financial restructuring group operating in the investment industry. The Company manages assets for institutional investors in the United States, Europe and Asia. It is dedicated to private investments and fund management for institutional investors and family offices across the globe. It has sponsored alternative investments, including private equity funds, co-investment vehicles and hedge funds in the steel, textile, coal, automotive and financial services industries in the United States, United Kingdom, France, Germany, China, Japan, Korea, Vietnam, India, Brazil and Bermuda. In May 2009, the United States bank regulators closed BankUnited Financial Corporation and sold its banking operations to WL Ross & Co.