Aquiline Capital Partners has acquired a minority stake in Virtus Partners. No financial terms were disclosed. In addition to the investment, Vincenzo La Ruffa and Geoff Kalish of Aquiline and former Instinet CEO Anthony Abenante, who also serves as executive advisor to Aquiline, have been added to the Virtus board of managers. Virtus provides fixed-income asset administrative and middle office services and data to funds and various investment vehicles.
HOUSTON & NEW YORK–(BUSINESS WIRE)–Virtus Partners, LLC (“Virtus”), a market leader in technology-enabled, fixed-income collateral administrative services, announced today that Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in financial services, has made a significant minority investment in Virtus.
Virtus provides a comprehensive, integrated suite of front, middle, and back office fixed-income administrative and analytical services. Its global offering extends across collateral administration services for structured transactions, middle office outsourcing, global loan data, loan agency, accounting and analytics. Today, the company administers over $180 billion in fixed-income assets across its platform.
“Partnering with Aquiline will help us execute on our long-term initiatives, including growth of our client base, new product development, and expansion of our platform through strategic acquisitions,” said Kelly Faykus, Co-Founder and Managing Partner of Virtus. “We chose Aquiline because their team provides unique industry insight, experience, and relationships we can leverage.”
“We are excited to partner with Kelly and the Virtus leadership team,” said Jeff Greenberg, Chief Executive of Aquiline. “The company serves a growing asset class in collateralized loan obligations and has a reputation for cutting-edge technology and superior customer service. We also see opportunities to leverage Virtus’ expertise for expansion within the fixed income market.”
Joining the Virtus Board of Managers are Vincenzo La Ruffa and Geoff Kalish, investment professionals at Aquiline, and Anthony Abenante, Executive Advisor to Aquiline and former Chief Executive Officer of Instinet Incorporated.
Virtus was advised by Sandler O’Neill + Partners, L.P. in this transaction.
About Virtus Partners, LLC
Virtus provides fixed-income asset administrative and middle office services and data to funds and various investment vehicles, including hedge and private equity funds, separate accounts, total return swaps and collateralized loan obligations (CLOs). With offices in Houston, Austin, New York, Shanghai and London, Virtus specializes in tailored middle office solutions for managers looking to outsource their fixed-income requirements. For more information please visit: www.virtusllc.com.
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in middle-market businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology. Aquiline targets specialized businesses that have potential for improved performance and growth in conjunction with Aquiline’s equity ownership and active involvement. The Firm consists of industry experts who use their operating experience and a hands-on approach to build value in portfolio companies. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit: www.aquiline-llc.com.