Pamplona Capital Management has selected Quintillion to provide administration services to its unsecured credit fund which launched in Q2, 2011.
The fund, which has a seven-year timeframe, will purchase discounted packages of unsecured debt from UK high street banks and other domestic lenders.
Alan Doyle, Senior Manager, Fund Accounting at Quintillion, says; ”We are delighted that Pamplona selected Quintillion for their unsecured credit fund as they expand their range of investment strategies and fund structures. We look forward to working with Pamplona in the years ahead as they continue their expansion.”
Caroline Ong, Chief Operating Officer, Credit Funds at Pamplona Capital Management LLP, says: “Quintillion were 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”
