CIFC expanded its distressed debt capabilities with the addition of a seasoned team of four senior executives from Logen Asset Management, a New York-based asset management firm specializing in event-driven, leveraged credit and equity oriented opportunities across stressed and distressed issuers.
The Logen executives joining CIFC include:
- Steven Gendal, who will serve as head of Distressed Credit Funds. Gendal has over 20 years of experience investing in distressed debt and special situations. Prior to founding Logen in 2015, he was a principal at Whippoorwill Associates where he directed the firm’s research efforts.
- Ian Greenhaus, who will serve as vice president. Previously, he served as a vice president at Logen and as a senior research analyst at Whippoorwill Associates.
- Abhishek Patwardhan, who will serve as vice president. Previously, he was a senior analyst at Logen and an associate at Alix Partners.
- Nick Verma, who will serve as managing director, Business Development. Previously, he was a managing director and head of Business Development at Logen and a partner and head of Business Development at Reef Road Capital.
“We are pleased to welcome Steven, Ian, Abhishek and Nick to CIFC as we continue to expand and diversify our investment platform,” said Steve Vaccaro, CEO of CIFC. “As the credit cycle matures, we are excited to tap into the Logen team’s significant distressed credit expertise, disciplined investment process, and proven track record to identify and execute on attractive opportunities for our investors.”
Founded in 2005 and headquartered in New York, CIFC is a credit manager with over $20 billion in assets under management specializing in U.S. corporate and structured credit strategies.