Cortview Capital Securities, a middle-market broker dealer, has sealed an undisclosed amount of growth capital from Warburg Pincus. The money will be used to support the sales and trading needs of Corview’s clients, the company said. Cortview was launched in September 2010, and is based in Richmond, Virginia.
Cortview Capital Securities LLC (Cortview), a middle-market focused broker-dealer offering fixed income sales, trading and origination, investment banking and corporate finance services, today announced that its capital partner, leading global private equity firm Warburg Pincus, has made a further substantial capital contribution to support Cortview’s growth.
The capital will be used principally to support the sales and trading needs of Cortview’s clients and will be deployed in Cortview’s three strategic business lines – its credit sales and trading operation, its rates and mortgage sales and trading operation, and its investment banking and corporate finance business. A portion will also be used to support the continued expansion of Cortview’s business and infrastructure.
T. Kelley Millet, Cortview’s Chief Executive Officer said, “Since my arrival this summer, we have sharpened our business focus, identified our core drivers of growth and profitability, and are now deepening our investment in those areas we feel most valuable to our regional, middle market client base. We are appreciative of Warburg Pincus’ continued commitment to our clients and our vision to build the leading broker dealer focused on middle market.”
Michael Martin, Head of Financial Institutions investing at Warburg Pincus, said, “We believe that Cortview is on the path to becoming a leading regional dealer. Our additional commitment of capital is further support of that goal and of the Cortview team.”
About Cortview Capital Securities
Cortview Capital Securities LLC (Cortview), a wholly owned subsidiary of Cortview Capital Holdings Inc., was launched in September 2010 and is backed by global private equity firm Warburg Pincus. Cortview offers a diverse range of fixed income sales, trading and origination services, as well as investment banking, advisory and corporate finance (debt, equity and hybrids) services to its middle-markets client base. The firm is headquartered in Richmond, VA and has offices in Atlanta, GA, Birmingham, AL, Boca Raton, FL, Charlotte, NC, Chicago, IL, Houston, TX, Memphis, TN, and New York.