CIFC, which launched a European office in London last year, has completed the first phase of its UK research team recruitment with the appointment of four new hires.
American credit specialist CIFC launched a UCITS fund with commitments of over £50 million ($65.8 million) as it builds its presence in Europe.
CIFC expanded its distressed debt capabilities with the addition of a seasoned team of four senior executives from Logen Asset Management.
CIFC, a U.S. private debt investment manager, and F.A.B. Partners, an alternative investment platform, have entered into a definitive merger agreement. F.A.B. will acquire CIFC for approximately $333 million in cash.
CIFC announced that Matt Andrews and Mark Sanofsky have joined the firm as managing director and executive director, respectively in its Capital Markets and Distribution Group.