DFG Investment Advisers has hired Oliver E Wriedt as its new chief executive officer.
The New York-based credit asset manager announced last week that Wriedt joined DFG as CEO, replacing firm founder Volkan Kurtas, who remains chief investment officer and a managing partner. In this role, Wriedt will be in charge of overseeing business strategies and daily activities at the firm, driving product development and leading fundraising efforts.
“Oliver will play an instrumental role in growing and further institutionalising our business, helping to diversify our product offerings and elevate our Vibrant brand among the investment community,” Kurtas told Private Debt Investor.
Wriedt was previously the co-CEO at CIFC Asset Management from March 2012 to May 2018, where he helped grow the firm’s assets under management to more than $18 billion and helped diversify its credit product offerings. Prior to that, he was a managing director at Providence Equity Capital Partners, according to his LinkedIn profile.
DFG, which is a wholly-owned subsidiary of Vibrant Capital Partners, also announced on 4 April that it will unify its name and list all of its products under the Vibrant name, many of which already bear it.
“In the near term, we are laser-focused on continuing to grow our business lines of CLO management and structured product investments,” Wriedt said. “Our core competencies of total return management and rigorous risk analysis will serve as the foundation of any effort to enhance our current product suite and introduce new strategies.”
DFG Investment Advisers was founded in 2006 and focuses on structured and leveraged credit facilities. Since inception, the firm has priced 10 CLOs and has been to market with 14 in total including refinancings and a reset. It has more than $5.7 billion in assets under management.