Arrowpoint opts for Cortland Capital 11 April 2013Chicago and Denver Reporter: Jenna Jones
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Arrowpoint Asset Management (Arrowpoint) has mandated Cortland Capital Market Services to provide middle office services to its collateralised loan obligation 2013-1 (Arrowpoint CLO).
Cortland will provide CLO waterfall modeling, collateral substitution compliance, trustee reconciliation, loan administration and trade settlement services to Arrowpoint.
Denver-based Arrowpoint is an investment advisor with approximately $1.9 billion under management as of the end of 2012.
CLO middle office service provider, Cortland, offers syndicate bank loan services to clients including investment managers, CLO collateral managers and custodians.
Cortland’s bank loan services include agency services, loan administration, trade settlement, CLO infrastructure and bank debt fund administration.
Rick Grove, COO of Arrowpoint, said: “Having the depth and breadth of Cortland’s experienced professionals at our side allowed us to efficiently manage our CLO launch.”
“The timeliness and quality of information Cortland’s CLO infrastructure provides extremely valuable to out team.”
“We are excited to be working with the team at Arrowpoint as they launch their new CLO,” said Lora Peloquin, managing director of Cortland.
“Cortland’s CLO infrastructure platform is second to none. We believe it is very difficult to replicate the scale of expertise and functions our solution provides a collateral manager.”
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