Anna Kunz has joined CIFC Asset Management, an alternative credit specialist serving institutional investors globally with more than $40 billion in assets under management, as a managing director in its investor solutions group.
CIFC Asset Management promoted Asha Richards, who previously served as CIFC’s deputy general counsel, to general counsel and hired Lily Wicker, who previously worked for Sound Point Capital Management, as managing director, chief compliance officer and associate general counsel.
Conor Daly, former managing director and head of European credit at Onex Credit, joined CIFC Asset Management as head of European credit. Daly will serve as a managing director and senior portfolio manager overseeing CIFC’s European investment business.
IBI Investment House launched IBI CLO Strategies Fund, a fund investing in collateralized loan obligation debt, equity and warehouses. The fund signed a cooperation agreement with CIFC Asset Management.
CIFC Asset Management, an alternative credit specialist with more than $35 billion in assets under management, entered into an agreement to acquire LBC Credit Partners, a middle-market direct lending platform. CIFC expects the transaction to close before the end of the year.
Teacher Retirement System of Texas (TRS) and CIFC Asset Management created a new leveraged loan investment fund platform known as Texas Debt Capital, which will invest in senior secured loans, including loans issued by TRS’ private equity investment partners.
Alternative credit group CIFC Asset Management added Rebecca Levy as a managing director in its investor solutions group. Levy most recently served as a senior portfolio advisor at Aksia.
Alternative credit specialist CIFC launched a long/short high yield UCITS fund managed by industry veteran Jason Horowitz, who has been running similar strategies for more than 10 years.
CIFC expanded its distressed debt capabilities with the addition of a seasoned team of four senior executives from Logen Asset Management.