The credit cycle is getting pretty long in the tooth, but CVC Credit Partners, a private equity firm based in Chicago, is hoping that there’s still plenty of appetite for subprime auto loans.  

Honor Finance, an auto finance company backed by CVC, is making its debut in the securitization market this week. The company was formed in 2001 by chief executive Jim Collins and chief operating officer Rob DiMeo. It and focuses lower quality subprime obligors with an average FICO score typically ranging between 475 and 650, according to Kroll Bond Rating Agency.

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