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.