CIFC hired its first investment market practitioner for its Europe expansion.
Dan Robinson joined CIFC as its chief investment officer for the region on 1 October. He was most recently a portfolio manager and the European head of liquid credit for Apollo Global Management. At CIFC, Robinson will work on building the firm’s credit investment business with a focus on corporate credit investments.
“I think it’s very important to have a strong local presence with experienced credit specialists on the ground,” Steve Vaccaro, firm chief executive and CIO, said. “We’ve begun building that out with Dan’s joining, and look forward to continuing to grow our UK team with additional hires and infrastructure to support our European operation.”
Vaccaro added that the company’s goal is to have a team of researchers and analysts in London that mirrors their presence in New York. CIFC’s U.S. credit market team is an active investor in senior secured loans and second lien loans.
Vaccaro said that the hope to hire an initial team by the end of the year.
A source familiar with the situation said that Robinson would be helping with CIFC’s first European CLO, on which the firm declined to comment.
CIFC opened its London office in May and named Joshua Hughes to head its European fundraising. The firm also hired a four-person distressed debt team from Logen Asset Management, including Logen founder Steve Gendal. At CIFC, Gendal is the head of distressed credit funds.
CIFC is a New York-based credit management firm that specializes in U.S. corporate and structured credit strategies that oversees over $20 billion in assets.