Conor Daly, former managing director and head of European credit at Onex Credit, joined CIFC Asset Management, an alternative credit specialist serving institutional investors globally with approximately $40 billion in assets under management, as head of European credit. Daly will serve as a managing director and senior portfolio manager overseeing CIFC’s European investment business with a focus on continuing to grow the firm’s European corporate credit investment platform. He is based in London and reports to CIFC’s CEO and chief investment officer, Steve Vaccaro. Josh Hughes, global co-head of investor solutions in London, will also continue to report directly to Vaccaro.
“We took a thoughtful approach to identifying a head of European credit who shares CIFC’s disciplined approach to investing and risk management and is a strong cultural fit with our global team. We are pleased to have found just that in Conor,” Vaccaro said. “Conor is a seasoned credit investor with proven portfolio management and capital markets expertise. We are confident that his deep relationships and significant experience building and scaling CLO platforms in the European market will be invaluable to our business and investors.”
“CIFC has established itself as a true top-tier alternative credit manager across geographies, known for its diligent fundamental research, active portfolio management, and strong investment results,” Daly said. “I look forward to working closely with Steve and the firm’s deep bench of talent – both in London and the U.S. – to execute on the ongoing growth and diversification of CIFC’s European credit platform.”
Daly brings significant portfolio management, capital markets and leadership experience to CIFC. Daly joined Onex Credit in 2021, where he served as the lead portfolio manager of the firm’s European CLO business and was responsible for the platform’s overall buildout. Previously, he spent eight years at BlackRock Investment Management, where he played an integral role in establishing the firm’s European CLO and leveraged loan business and served as a portfolio manager. He previously managed BlackRock’s EMEA high yield capital markets function. Earlier in his career, he worked at Morgan Stanley on the leveraged finance syndicate and structuring teams and in investment banking M&A.
