NEW YORK--(BUSINESS WIRE)--CIFC LLC (“CIFC” or the “firm”), a leading credit manager specializing in U.S. corporate and structured credit strategies, today announced that Co-CEO Oliver Wriedt has decided to leave the firm to pursue other opportunities. Effective immediately, Steve Vaccaro, a founding member of the firm who has served as CIFC’s Co-CEO since the beginning of 2014 and Chief Investment Officer since 2011, will become sole CEO.
Mr. Vaccaro said: “CIFC is continuing to evolve to best meet our clients’ needs through expanded product offerings and I am pleased to continue to lead the team through our next phase of growth and development. I look forward to continuing to execute on our well-established investment process and philosophy, supported by the same talented and experienced team of investment professionals and other business executives.
“We appreciate the hard work, contribution and vision that Oliver brought to CIFC over the past six years and wish him well in his future endeavors.”
Founded in 2005, CIFC is a credit manager with over $18 billion of assets under management 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.