Structured Credit

Our structured credit strategy seeks to maximize long-term total return by dynamically capturing market inefficiencies across the primary and secondary CLO markets.

Opportunistic Credit Bank Loans

A rigorous process executed with a holistic perspective.

Our structured products and credit research teams, combined with our loan portfolio managers, data scientists and technology leaders, monitor and dissect the market around the clock from a 360-degree perspective.

Fundamental Credit
We leverage our in-depth knowledge of the underlying collateral within the portfolios and CLO structures to select CLO investments with robust credit attributes.
Relative Value
Our focus on relative value monitoring and portfolio rebalancing helps achieve maximum risk-adjusted returns on both new and existing CLO investments.
Complexity
Value is driven by the team’s ability to quickly analyze complex structures and situations and take active roles when necessary.
Technology
We run more than one million simulations every night across all CLOs using an internal system.

A seasoned team leveraging research and technology.

CIFC invests and actively trades in CLO debt, CLO equity and CLO warehouse as part of its structured credit strategy.

Manager Evaluation

CIFC performs an exhaustive evaluation of all CLO managers prior to consideration of their investment in debt or equity tranches.

We examine a long list of factors including patterns of trading activity, response to periods of stress, their investment strategy and process, the team’s expertise, stability and their historical performance.

Portfolio Evaluation

After evaluating the manager, CIFC re-underwrites the portfolio, stress-testing each portfolio at a granular level across a broad variety of key metrics. An overlap analysis ensures we maximize efficiencies between any new portfolio and our existing portfolios.

Structure Evaluation

Our final step is to evaluate the structure of a potential investment. Modeling scenarios and simulations, as well as documentation review, identify strengths and weaknesses and enable us to weigh the costs and benefits and make a final decision.