Having closed its second collateralized debt obligation last week, Centre Pacific, staffed by the former CDO team of TransAmerica Investment Services, has firmly set itself among the ranks of other Los Angeles-based asset management shops with a flare for high-yield investment.

However, unlike some of its west-coast brethren, Centre Pacific is one of the only shops around that is exclusively devoted to cash-flow collateralized debt products - those backed by cash flow derived from an underlying portfolio of securities - which Centre calls a natural progression from its roots as an insurance company-style investment strategist.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.