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Murrayhill Deal Raises $41.7 Million of Capital

The Murrayhill Co., a credit risk management firm that seeks to improve the performance of fixed-income securities, and Boston-based TA Associates, a private equity and buyout firm, said that TA has completed a $41.7 million recapitalization of Murrayhill.

Murrayhill created an independent, third-party credit risk management firm to monitor the fiduciaries of structured finance bonds on behalf of investors and underwriters. Since 1997, the company has managed more than $700 billion in mortgage-backed and asset-backed securities.

"A strategic partnership with TA Associates gives Murrayhill access to capital and the highest level of industry expertise, while at the same time preserving our independence," said Sue Ellis, CEO and founder of Murrayhill. The company said she maintains her significant ownership interest in the firm. "We chose TA for this recapitalization because they share our vision for growing this company, and they have an impressive track record of fostering sizable, scalable and autonomous financial services companies."

Jeffrey T. Chambers, a managing director at TA Associates, will be joining the board of directors of Murrayhill. He said in the company announcement that Murrayhill "is profitable and growing rapidly with a very compelling value proposition."

Goodwin Procter served as legal counsel for TA Associates in the transaction. Hogan & Hartson provided legal counsel to Murrayhill.

TA Associates, founded in 1968, manages over $5 billion in capital and has invested in 340 companies.

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