TA Associates, the Boston-based private equity firm, has invested $41.7 million (€33 million) in Murrayhill, a third-party credit risk management firm.
Murrayhill provides services to investors and underwriters with regard to fixed-income securities. The firm specialises in mortgage- and asset-backed securities. Sue Ellis will continue to serve as chief executive officer of Murrayhill, which she founded in 1997.
TA Associates managing director Jeffrey Chambers led the deal and will join the company’s board of directors. “The company is profitable and growing rapidly with a very compelling value proposition,” Chambers said in a statement.
TA Associates, founded in 1968, also maintains offices in Menlo Park, California; Pittsburgh; and London.