CIFC turns to European credit, CLOs yet to come

CLOs
By Owen Sanderson
19 Jul 2018

CIFC Asset Management, one of the largest CLO managers in the world, has recently turned its attention to Europe, with the hire of Joshua Hughes to start marketing and fundraising for European loan investments. It is planning to build out the business in the coming months with more London-based hires, including a senior investment professional to lead that side of the business — but it’s not diving headfirst into the increasingly crowded European CLO market.

Hughes joined in May as the first member of CIFC’s London office, and has been working on building out the business.

The move comes amid a host of other changes at the firm. CIFC hired John DiRocco from Reef Road Capital last year as chief operating officer, with ...

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