Alumia, a Luxembourg-based investment advisory firm, announced a strategic partnership with CIFC Asset Management, a Miami-headquartered alternative credit specialist, on Thursday 9 January 2025. The collaboration aims to enhance the provision of credit strategies to European investors, leveraging CIFC’s expertise in a variety of credit sectors, including collateralised loan obligations (CLOs), structured credit, corporate credit, private credit and opportunistic credit. CIFC, which manages $43bn in assets, has nearly two decades of market experience. Its track record positions the firm to meet the evolving investment needs of European clients, it said. With this partnership, CIFC is set to expand its reach across Europe, facilitated by Alumia’s presence in Luxembourg, Belgium, France, Switzerland and the Netherlands.

The partnership is designed to deliver four distinct investment strategies to European investors: Global Floating Rate Credit, Senior Secured Corporate Loan, Multi-Strategy Credit, and Long/Short Credit. These strategies are expected to provide European investors with diverse opportunities to enhance portfolio resilience through risk-adjusted credit solutions, the announcement said.

David Saab, CEO of Alumia, stated, “Our collaboration with CIFC comes at a pivotal time as we navigate a new interest rate cycle. CIFC’s expertise in structured credit and alternative investments allows us to offer solutions tailored to the challenges and opportunities of today’s markets.”

Steve Vaccaro, CEO of CIFC, said, “We see this partnership as an opportunity to enhance our reach in Europe, where CIFC has established a presence since opening our office in London six years ago. Our strategies now cover a broad sector of the alternative credit market and are designed to meet the needs of a wide range of clients. We look forward to being able to bring them to Alumia’s clients.”