Debt buyer Portfolio Recovery Associates Inc., based in Norfolk, Va. and operating in the U.S. and U.K.,  announced Tuesday the acquisition of certain operating assets from Pamplona Capital Management LLP (PCM).

Pamplona Capital Management, LLP (PCM) is an investment manager that provides alternative investment platforms across private equity, fund of funds and single manager hedge fund investments. PCM currently manages over $6 billion in assets for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices and funds of hedge funds. For more information, please visit www.PamplonaFunds.com. 

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