The Receivables Exchange Grants Tier One Seat to SSR Capital Partners, LP

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Tue Jan 22, 2008 7:00am EST

Leading Hedge Fund Manager Joins Asset-Based Lenders to
   Revolutionize the Industry and Enable Millions of US Companies to
                        Access Working Capital
NEW ORLEANS--(Business Wire)--The Receivables Exchange (www.receivablesxchange.com), America's
first online marketplace for real-time trading of accounts
receivables, announced today that SSR Capital Partners, LP has secured
a Tier One Seat on the Exchange. The Receivables Exchange is a smart,
easy and efficient way for companies to gain quick access to capital.
The Exchange is currently offering a limited number of Tier One
memberships, including ownership of a Seat on the Exchange.

   "The Receivables Exchange will transform what has traditionally
been a slow, laborious and expensive way for small-to-mid-sized
businesses to gain quick access to working capital," said Nicolas
Perkin, president of The Receivables Exchange. "Having hedge funds
such as SSR Capital Partners, LP join the Exchange further supports
the broad appeal of receivables financing for capital partners and
reinforces the benefits of having access to large and diverse pools of
commercial receivables in a centralized marketplace."

   With The Receivables Exchange, issuers will no longer have to wait
weeks or months to gain access to capital from only a small pool of
lenders. The Receivables Exchange will provide millions of
small-to-mid-sized businesses quick access to working capital at a
lower cost than other financing options by quickly and efficiently
bringing together a broad class of pre-screened lenders to compete in
real-time for accounts receivables at competitive rates.

   "The Receivables Exchange is centralizing a highly fragmented and
inefficient marketplace by creating an online exchange for trading
receivables," said Steve Helland, managing partner at SSR Capital
Partners, LP. "With The Receivables Exchange's success at increasing
liquidity and lowering the bar of inefficiency in the marketplace, the
hedge fund community will be greatly enhanced by this exciting new
model."

   SSR Capital Partners, LP is a Dallas-based registered investment
adviser that manages several funds of hedge funds focused on the
asset-based lending sector, including various forms of receivables
finance. SSR's flagship fund, Strategic Stable Return Fund (ID), LP,
an insurance-dedicated fund of funds, was named 2006 Fund of the Year
in Asset-Based Lending category by InvestHedge Magazine.

   About The Receivables Exchange

   The Receivables Exchange (www.receivablesxchange.com), a wholly
owned subsidiary of The New Orleans Exchange, is America's first
online marketplace for trading accounts receivable. The Receivables
Exchange (TRE) provides a new dimension in working capital management
by connecting companies to a nationwide network of lenders who compete
in real time to buy and trade receivables. Exchange participants
benefit from immediate and flexible access to working capital finance
at the nation's most competitive rates. The Receivables Exchange is a
fast and efficient way to manage working capital at a fraction of
traditional financing costs. TRE has secured financing from Prism
VentureWorks and Fidelity Ventures, the venture capital arm of
Fidelity Investments. For more information, visit
www.receivablesxchange.com.

   About SSR Capital Partners

   SSR Capital Partners, LP is an SEC-registered investment adviser
based in Dallas, Texas. The firm, founded in 2003, presently manages
three funds of hedge funds and has approximately $200 million in
assets under management. Its flagship fund, Strategic Stable Return
Fund (ID), LP, is constructed as an ultra-low volatility fund of hedge
funds designed to preserve investors' capital and deliver consistent
positive monthly returns. The fund achieves its performance objectives
through a core allocation to asset-based lending/structured finance
strategies and allocations to other complementary strategies with
compelling risk/return characteristics. The two other funds of hedge
funds managed by the firm follow similar investment strategies.

Cosmo PR
Laurie Azzano, 415-786-3317
laurie@cosmo-pr.com

Copyright Business Wire 2008
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