Murrayhill receives PE investment

Published 1 Min Read

Credit risk manager The Murrayhill Company received a $41.7 million cash infusion from private equity firm TA Associates.

Murrayhill oversees the parties to structured finance transactions as an independent risk manager. The company has been manager on more than $700 billion in mortgage-backed and asset-backed securities since 1997, Murrayhill said in a release today.

In June, Murrayhill introduced a new enhanced cashflow oversight service through a partnership with EmphaSys Technologies Inc. The new product provides oversight from pre-closing to last payout, and clients can reconcile the cashflow waterfall for each security monthly, among other services.

The investment from TA was part of a recapitalization.


For reprint and licensing requests for this article, click here.


More From Asset Securitization Report

Credit risk manager put on the block

Asset management firm Cremac is seeking so-called strategic alternatives to sole ownership for its third-party credit risk management subsidiary Risk Management Group, according to Cremac President Joe Cafiero. Cypress Advisors is in the process of conducting a bidding process for the company, the second-largest credit risk manager, behind Clayton Holdings Inc. Cremac is looking to […]

Whispers

MBS analyst Michael Youngblood has jumped to Friedman Billings Ramsey from GMAC-RFC, where he had worked since January 2003. In his new position, Youngblood will work out of the Arlington, Va., FBR office. Prior to GMAC-RFC, Youngblood had worked at Banc of America Securities. Gulden Kazandag has left her position as director of global credit […]

Whispers

After 12 years of service, Ed Bankole has left his position as a team managing director at Moody’s Investors Service to pursue other interests, the company announced internally last week. While there is no official word concerning where Bankole is headed, he is expected to resurface at the end of the summer with a Moody’s […]