Aquiline Capital Partners invests in Tourmalet Advisors
Aquiline Capital Partners has made an investment, through affiliates, in Tourmalet Advisors, an alternative investment manager based in Fairfield, Connecticut.
Tourmalet, led by chief executive officer Michael Corasaniti, was founded in October 2009 and has a track record of managing, investing, structuring and trading distressed residential mortgage assets. The firm’s objective is to generate superior risk adjusted returns through the purchase, servicing and liquidation of distressed whole loans.
“We have known Mike Corasaniti and his team at Tourmalet for a number of years and have been impressed with their expertise and approach to investing in the residential mortgage market,” says Jeff Greenberg (pictured), chief executive of Aquiline. “Given Tourmalet’s track record, capabilities, and the opportunities we see in the market, we believe that this is the right time to make this investment. We look forward to working with Mike and his team.”
“Aquiline Capital Partners’ significant experience across a range of financial services as well as in-depth knowledge of our operations will help to inform and support our efforts,” says Corasaniti. “We are enthusiastic about this partnership as it will enable us to expand our platform and accelerate our ability to capture opportunities created by the large and changing market in US residential mortgages.”
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