# Virtus

> Virtus Partners is a Houston-founded financial technology and managed services business, now wholly owned by FIS and marketed as Virtus from FIS. It provides credit and alternative asset managers with middle-office operations, fund administration, loan agency, settlement and reporting services.

- **Founded:** 2005
- **Headquarters:** Houston, United States
- **Founders:** Kelly Faykus (Co-founder; former CEO and managing partner), Joe Elston (Co-founder and partner), Mirna Herr (Co-founder and partner), Robert Tomicic (Co-founder and partner)
- **Products:** Virtus from FIS Middle Office Services, Virtus from FIS Fund Services, Virtus from FIS Settlements, Loan agency and administration, Direct lending solutions / Glide
- **Notable:** Reported over USD 180 billion in fixed-income assets administered in January 2015., Adopted FIGI for syndicated loans in October 2015., Loan IQ implementation completed in about three months and under anticipated budget, according to the March 2016 vendor announcement.

## Products & services

- **Virtus from FIS Middle Office Services** — Managed credit and CLO operations with a client portal, reporting, alerts and data feeds.
- **Virtus from FIS Fund Services** — Portfolio and fund accounting, administration and investor servicing for credit and alternative asset managers.
- **Virtus from FIS Settlements** — Loan and trade settlement support from trade entry through cash delivery.
- **Loan agency and administration** — Lender and collateral administration, compliance monitoring, accounting and reporting; offered on named or white-label terms.
- **Direct lending solutions / Glide** — Research and portfolio data organization connected with loan administration, settlement and fund services.
- **Credit hedge fund administration** — Service launched using SunGard VPM portfolio accounting and reporting technology.

## Achievements

- Reported over USD 180 billion in fixed-income assets administered in January 2015.
- Adopted FIGI for syndicated loans in October 2015.
- Loan IQ implementation completed in about three months and under anticipated budget, according to the March 2016 vendor announcement.
- FIS acquired a controlling stake in January 2020 and full ownership in January 2023.

## Latest updates

- **2026-02** — FIS’s 2025 Form 10-K, filed February 24, 2026, reconfirms 100% ownership following the January 2023 redemption.
- **2024-08** — Jon Hodges discussed Virtus from FIS and private credit operations in a Tenor interview.
- **2023-01** — Founders exercised the retained-interest put option; FIS paid USD 173 million and reached full ownership.

## Links

- Website: https://www.fisglobal.com/products/middle-office-services
- LinkedIn: https://www.linkedin.com/company/virtus-partners-llc

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Profile page: https://yespress.io/virtus
Published by YesPress — https://yespress.io
Last updated: 2026-10-25