Quintillion has been selected by Pamplona Capital Management to provide administration services to its unsecured credit fund which launched in the second quarter of this year.
The fund, which has a seven-year time frame, will purchase discounted packages of unsecured debt from UK high street banks and other domestic lenders.
We are delighted that Pamplona selected Quintillion for their unsecured credit fund as they expand their range of investment strategies and fund structures, Alan Doyle, senior manager of fund accounting at Quintillion, says. We look forward to working with Pamplona in the years ahead as they continue their expansion.
Caroline Ong, COO of credit funds at Pamplona Capital Management LLP, adds: Quintillion [was] our natural choice given the excellent service they have provided for our main credit fund since its launch in September 2008. We have been working with Quintillion for three years now and look forward to continuing our relationship with them
(CM)