Peter Gleysteen and CIFC Announce Establishing CIFC International

London and New York (ots/PRNewswire) -

Commercial Industrial Finance Corporation, ("CIFC") announced
today the launch of its international investing operations, CIFC
International ("CIFC Intl."). CIFC Intl. will be based in London and
will be led by Cheryl Boucher, Senior Partner, and Ruth Traugott,
Senior Partner. Ms. Boucher and Ms. Traugott are seasoned bankers who
together bring over forty years of experience and each have over ten
years of experience in the European leveraged finance market. Both
Ms. Boucher and Ms. Traugott have previously worked with Peter
Gleysteen, the founder and Chief Executive Officer of CIFC, and
formerly the head of JPMorganChase's syndicated loan business.

Speaking about the opportunity in Europe, Peter Gleysteen states,
"We believe there is significant demand among European Lead Arrangers
and Agent Banks for a non-competitive co-lender for smaller leveraged
loans and project finance loans, as well as for a prompt, predictable
partner for broadly syndicated credits. With their depth of knowledge
of the market and the key players, Cheryl and Ruth are terrific
colleagues to lead CIFC's growth into Europe".

CIFC currently has over US$ 2.5 Billion in assets under management
in five closed US CLOs plus US$ 2.0 Billion in financing capacity. In
addition, CIFC Intl. has euro 1.0 Billion of initial financing
capacity and will begin with commitments up to euro 50 Million (plus
pounds Sterling and AUS $ equivalents) to 1st lien and 2nd lien
loans.

CIFC is a specialized co-lender and asset manager. The firm
exclusively sources assets from banks as a non-competitive, wholesale
partner. CIFC invests in US$, Euro and pounds Sterling commercial and
industrial (C&I) loans and credit exposures while specializing in
senior secured leveraged loans to middle market and private equity
portfolio companies. "We view arrangers, as well as our investors, as
our customers and partners. We align our interest with both as a
principal by co-investing at least 10% or more of the equity in each
loan portfolio" said Peter Gleysteen. CIFC is capitalized with US$ 57
Million of equity (US$ 50 Million provided by Charlesbank Capital
Partners, LLC, CIFC's strategic partner, and the balance by CIFC
professionals).

ots Originaltext: Commercial Industrial Finance Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
United Kingdom, Rick Lam, +44 (0) 20-7016-9015, rlam@cifc.com, United
States, Kevin Walz, +1-212-624-1206, kwalz@cifc.com


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