CIFC Asset Management looks to have made a major breakthrough in its bid to establish a European credit business with the $17 billion asset manager rumoured to be hiring Dan Robinson from Apollo Global Management. London-based Robinson has been at Apollo for the last three years, heading the firm’s European performing credit business. In this role he was managing European CLOs, among other leveraged loan and high yield bond strategies. Spokespeople for both Apollo and CIFC decline to comment on the matter.
The precise nature of Robinson’s role at CIFC is not yet known, but given his experience in European credit management he is likely to have a central role in CIFC’s London office. Prior to joining Apollo, Robinson had been at Oaktree Capital Management for 12 years. He covered bonds, loans and distressed assets during his time there and in his last few years he developed Oaktree’s European CLO platform.
CIFC opened its London office in May bringing in Muzinich’s Joshua Hughes as its head of European marketing (see: CIFC lands in Europe with new office and top marketing hire). The launch of a debut 2.0 European CLO is set to be the first product launched by CIFC on the continent with Deutsche Bank responsible for putting this transaction together (see: CIFC selects Deutsche Bank to arrange first European CLO).
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