CIFC Asset Management’s seasoned investment professionals have been active in the credit markets for many decades. The company was founded nine years ago by a core group of JPMorgan alumni to capitalise on time-tested credit and risk management skills and the secular changes occurring in the financial markets. Stan Sokolowski, Head of Portfolio Management and Trading at CIFC, discusses the merits of investing for total return in the private debt markets.
Pemberton Asset Management become the latest manager to partner with a large institutional investor last month. While the deal is certainly a statement of ambition, it’s also a defensive move for the firm as banks return to the market.
The UK government’s initiative to compel banks which decline loan applications to introduce those would-be borrowers to alternative lenders is a welcome boost for the private debt industry, argues Oliver Smiddy.
The senior executives at Golub Capital are a tightly knit crew who are united in their penchant for caution and a conservative approach to lending. Being careful and side-stepping the riskier deals has gotten them to $10bn in capital this year. Some of the team leaders recently sat down with PDI in New York to go over their process and growth.
KKR Asset Management’s provision of junior debt to coffee vending machine firm Selecta was the latest in a string of deals the firm has struck in Europe using capital from its special situations platform, and shows the alternative lender’s voracious appetite for large-scale financings targeting high returns. KKR’s Mark Brown and ACP’s Jörg Spanier speak PDI about the deal.