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The Murrayhill Co., a credit risk management firm that seeks to improve the performance of fixed-income securities, and Boston-based TA Associates, a private equity and buyout firm, said that TA has completed a $41.7 million recapitalization of Murrayhill.
Murrayhill created an independent, third-party credit risk management firm to monitor the fiduciaries of structured finance bonds on behalf of investors and underwriters. Since 1997, the company has managed more than $700 billion in mortgage-backed and asset-backed securities.
"A strategic partnership with TA Associates gives Murrayhill access to capital and the highest level of industry expertise, while at the same time preserving our independence," said Sue Ellis, CEO and founder of Murrayhill. The company said she maintains her significant ownership interest in the firm. "We chose TA for this recapitalization because they share our vision for growing this ...
Source: HighBeam Research, Murrayhill Deal Raises $41.7 Million of Capital.(Brief Article)