BNY Mellon and CIFC have been working together for a decade, but a month ago expanded the partnership into private credit, to provide access to CIFC’s US direct lending strategy and to enhance product offerings specifically for US private markets.
In return, CIFC gets access to BNY’s investor relationship and capital pools, especially for “the next stage of international growth.”
CIFC, an alternative credit specialist, was founded in 2005 and has some $41 billion in assets across CLOs, corporate, structured, opportunistic credit and direct lending strategies.
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