content

Moelis & Co plans CLO platform in 2014 via Steele Creek subsidiary

Moelis-and-companyMoelis & Co. plans to launch a CLO business in the U.S. during the first quarter of next year, according to market sources. The new platform will be run by subsidiary Steele Creek Investment Management, an institutional-fixed-income manager specializing in leveraged corporate debt and structured-product investments.

Glenn Duffy is co-founder and CIO of Steele Creek. He is joined by managing director Matt Stouffer.

Duffy was previously a founding partner at Columbus Nova Credit Investments Management, where he headed up research and trading efforts from 2006-2012. The firm was acquired by Deerfield Capital Management in June 2010 and merged with CIFC Corp. in April 2011. Prior to that Duffy was an MD at Babson Capital Management.

Stouffer previously served as a relationship manager in Credit Suisse’s private-banking division. Prior to that he was an MD and loan portfolio manager at Deerfield Capital Management.

Moelis & Company is a global investment bank that provides financial-advisory, capital-raising, and asset-management services to a broad client base, including corporations, institutions, and governments. – Sarah Husband

Leave a Reply

Comments are moderated and will not appear until the admin has approved them.