Trepp, LLC, a leading provider of information, analytics and technology to the structured finance, commercial real estate and banking markets, today announced its acquisition of New York-based Cerulean Analytics, a firm delivering advanced performance and attribution analytics and data for collateralized loan obligations (CLOs).
The acquisition will fortify Trepp’s CLO capabilities by offering clients enhancements in three key areas: performance benchmarking, manager performance, and predictive analytics. The Cerulean platform delivers CLO deal analytics around returns attribution, risk assessment, and transactional optimization. Cerulean also provides CLO manager-level analytics around judgement, execution, and trading abilities.
“Cerulean’s advanced analytics capabilities essentially turbo-charge Trepp’s CLO capabilities for our clients,” said Steven Baumgartner, Chief Product Officer for Trepp. “The rich analysis coupled with the data visualization and reporting technology will benefit our clients with better and faster insights,” Baumgartner said.
The move to acquire Cerulean follows the May 2016 acquisition of U.K.-based firm, Codean, which added a US and European CLO deal library to Trepp’s database assets.
“We are pleased to be part of Trepp’s strategy to build end-to-end data, analytics, and research capabilities in the CLO space,” said Cerulean Principal Alice Wang. “Trepp’s know-how in building industry-leading analytics made the decision to join forces a no-brainer,” Wang said.
Trepp, LLC, founded in 1979, is a leading provider of data, analytics, and technology solutions to the global securities and investment management industries. Trepp specifically serves three key sectors: structured finance, commercial real estate, and banking to help market participants meet their objectives for surveillance, credit risk management, and investment performance. Trusted by the industry for the accuracy of its proprietary data, Trepp provides clients sophisticated, comprehensive models and analytics. Trepp is wholly owned by Daily Mail and General Trust (DMGT).