CIFC Asset Mgmt Returns with 4th U.S. CLO of 2014

CIFC Asset Management is back on the scene with a $600 million collateralized loan obligation, the fourth of the year to be rated by Moody's Investors Service.

The deal, CIFC Funding 2014-IV, will be backed by a portfolio consisting primarily of senior secured loans—97.6% first lien senior secured loans.  The pool consists only of corporate debt.  The manager expects the portfolio to be approximately 70% ramped at closing.