Paramax Capital Partners (Paramax) and Maria Fiorini Ramirez (MFR) have forned a new partnership to target investment opportunities arising from the U.S. Treasurys Public-Private Investment Programs (PPIP).
The partnership combines Paramaxs knowledge in the ABS, commercial and residential markets, as well as banking sectors with MFRs global market analysis and the capital markets capabilities of its wholly owned subsidiary, MFR Securities. Through their joint efforts, the firms aim to contribute to structured-asset pricing and management experience to the governments efforts to re-open the financial markets.
They also intend to work with one of the countrys foremost minority-owned law firms with a capital markets legal practice on the effort.
Successful execution of PPIP could help to unfreeze the credit markets and jumpstart the recovery of the housing finance sector, said Paramax Chief Executive Officer Gordon Baird. Our successful track record and experience with mortgage and securitized assets and long term private capital will help contribute to the success of the PPIP, while creating attractive investment opportunities for investors.
This is a unique opportunity for our group to play a significant role in the PPIP, said MFRs President & CEO Maria Fiorini Ramirez. Our independent, timely, and accurate forecasts of economic conditions combined with our fixed income expertise will provide value-added insights to the investment team and the PPIP program.
Paramax, which is one of the first participants in the Treasurys Term ABS Loan Facility (TALF) program, has invested in or financed over $17 billion in mortgage- and credit-related assets. The firms management team has underwritten and managed over $70 billion in PPIP-eligible assets, and has helped manage more than $250 billion of debt issuance for financial companies.MFR, a leading minority and woman-owned financial services firm established in 1992, offers independent global economic forecasting, strategy and commentary to institutional clients worldwide.