NEW YORK, June 20, 2016 – DFG Investment Advisers, Inc. (“DFG”), an alternative credit asset management firm based in New York, announced the successful closing of its fourth CLO transaction, Vibrant CLO IV, Ltd. The $406 million CLO, arranged by Goldman Sachs, was closed on June 10, 2016. Concurrently, DFG completed a $100 million first closing for a fund that will enable the firm to pursue strategic initiatives.
Managing Director Roberta Goss said: “We greatly appreciate the participation of both existing and new investors in Vibrant IV. DFG has a strong platform that is well positioned to pursue opportunities and deliver attractive returns to our investors.”
Volkan Kurtas, DFG’s Founder, added: “The CLO management landscape is undergoing a sea change. Risk retention rules taking effect at the end of 2016 will accelerate this process. We believe the launch of our strategic fund is an important milestone that will allow us to thrive and grow in such a rapidly changing environment.”
As of June 2016, DFG’s assets under management exceed $2.5 billion. In January, Alberta Investment Management Corporation (“AIMCo”), one of Canada’s largest and most diversified institutional investment managers, announced it had acquired a minority stake in the firm, on behalf of certain of its clients.
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About DFG Investment Advisers, Inc.
DFG is a New York-based asset management firm focused on alternative credit strategies. As of May 31, 2016, the firm managed approximately $2.5 billion in corporate and structured credit assets via commingled funds, separate accounts and collateralized loan obligations (CLO) vehicles.