NEW YORK--(BUSINESS WIRE)--CIFC LLC (“CIFC”), a private debt manager specializing in U.S. corporate and structured credit strategies, today announced that John DiRocco has joined the firm as Chief Operating Officer. Mr. DiRocco will oversee non-investment functions as well as the expansion of the firm’s investment product offerings in the United States and internationally. Previously, Mr. DiRocco served as Chief Operating Officer and a founding member of credit investment firm Reef Road Capital LLC. Mr. DiRocco will be based in New York and report to CIFC’s Co-CEOs Oliver Wriedt and Steve Vaccaro.
“John is a highly-regarded industry executive with deep operating experience and a long history of helping build successful organizations,” said Steve Vaccaro, Co-CEO and Chief Investment Officer of CIFC. “We are thrilled to have him join our management team as we further enhance the firm’s existing capabilities and expand our global product offerings.”
“CIFC’s long-term track record, coupled with its commitment to growth and excellence creates the ideal environment for continued success,” added Mr. DiRocco. “I am excited to join CIFC’s management team, which is well-recognized for its credit markets expertise and unique investment products.”
Throughout his career, Mr. DiRocco has served as Chief Financial Officer at Citadel Investment Group and held the role of Chief Operating Officer at Paloma Partners LP. He also oversaw several of Shearson Lehman’s businesses and founded international financing and securities lending intermediary, London Global Securities. Mr. DiRocco has been internationally recognized for his contributions to the securities industry, having established broker dealers in five different countries and two technology firms.
Founded in 2005, CIFC is a private debt manager specializing in U.S. corporate and structured credit strategies. Headquartered in New York, CIFC is a SEC registered investment adviser. Serving institutional investors globally, CIFC is one of the largest managers of senior secured corporate credit. For more information, please visit CIFC’s website at www.cifc.com.