Virtus Partners Authorized by the Irish Central Bank as a Fund Administrator
Virtus Partners launched its Dublin Office in July 2016 and has quickly expanded servicing of European and global asset managers. Ireland is one of two key fund structuring destinations for both EU and non-EU managers; thus, it was a strategic imperative for the firm to acquire a regulatory license there. Virtus expects to continue to build out its operation in Ireland, capitalizing on secular shifts in capital markets as well as asset management operating models.
Pradeep Rao, Managing Director (Europe) commented that: “Virtus’ traditional middle office business has grown significantly in recent years as substantial capital has been raised in the European credit space. In keeping with that theme, we see opportunities to grow our fund administration business by offering a broader solution set to Virtus clients and market- both in Europe and North America”.
About Virtus Partners Holdings, LLC
With over than $350 Billion of Assets under Administration (AUA), Virtus is a technology and services company specializing in providing tailored solutions to credit and fixed income managers. Virtus clients are served by more than 300 employees globally located in Houston, Austin, New York, Nanjing, London and Dublin. For more information please visit: www.virtusllc.com.