We are thrilled to announce that Anchor has been acquired by Pretium, a specialized alternative investment management firm focused on US residential real estate, residential credit and corporate credit with more than $30 billion in assets.
As part of Pretium, Anchor will continue to be led by our current management team and retain our headquarters here in Thousand Oaks. We are extremely excited about this transaction and the opportunity it provides us to better serve our clients.
This transaction gives Anchor even more tools to help our customers grow their businesses. It will give us more capital to lend, enable us to be more innovative and aggressive with our programs and provide increased investment for technology, talent and infrastructure to provide an even higher level of customer service.
What won’t change is our commitment to unparalleled service and to providing innovative programs and pricing that reward repeat clients. Our customers will continue to work with their current Account Executive and processing team and other dedicated team members will remain the same.
For more details about the acquisition of Anchor Loans by Pretium, see our November 2 press release, and read this article about the transaction in the Wall Street Journal.