HOUSTON--(BUSINESS WIRE)--Virtus Partners LLC (“Virtus”) a premier global provider of alternative investment operations outsourcing and administration services, announced that Pacific Global Asset Management LLC has selected them to provide full middle office and fund administration services to their newly launched CLO investment fund, managed by Pacific Asset Management.
Virtus Fund Services offers a custom suite of middle office and fund administration services exclusively for credit managers and has offices in New York, London, Houston, Austin, Dublin and Luxembourg with over $140 billion in assets under administration.
“Pacific Global Asset Management is committed to leveraging state of the art technology to enhance our controls and efficiencies,” said Josh Schwab, Assistant Vice President - Operations. “We selected Virtus Fund Services because of their unsurpassed technology and focus on customized solutions for credit managers.”
“We are delighted to expand our exclusive middle office mandate with Pacific Global Asset Management to provide fund administration,” said Jeffrey Law, Head of Virtus Fund Services. “This selection further validates our industry leading front to back office platform for credit managers.”
About Pacific Global Asset Management
Pacific Global Asset Management has over $14 billion in assets under management, as of December 31, 2017, across investment strategies that include corporate credit, equity and alternatives solutions. Pacific Global’s investment teams include Pacific Asset Management, Cadence Capital Management and Pacific Private Fund Advisors, with core investment strengths in bank loans, core income, high yield, equity solutions and private equity.
Pacific Global Asset Management, a wholly owned subsidiary of Pacific Life Insurance Company, is located in Newport Beach, California.
About Virtus Partners LLC
Virtus Partners LLC is a premier global financial services and technology provider for front, middle and back-office support for credit managers. For more information, please visit www.virtusllc.com.