New York-based CIFC and its subsidiaries have closed a new collateralised loan obligation (CLO), the CIFC Funding 2015-I, representing $614.1 million of par value of notes. The transaction was led by BNP Paribas and supported by twenty-three institutional investors, including some first time investors with CIFC, said a statement from the firm on 19 March.
CIFC completes $614m CLO
The manager’s first CLO this year represents about $600 million in new assets under management.
