Muzinich & Co has launched a Collateralised Loan Obligation (CLO) platform and hired Brian Yorke to lead the initiative.

Yorke has over 20 years’ experience in CLOs. Previously he was at Ostrum Asset Management (an affiliate of Natixis Investment Management) where he assisted in the building of the US loan and European CLO businesses. Prior to that, Yorke was Head of Global Performing Credit at Bardin Hill Investment Partners, where, in his 13-year tenure, he introduced and implemented a rigorous risk management process for loan and CLO accounts. Brian began his career at PGIM, Inc where he was one of the original members of their CLO team. Brian has managed over 45 CLOs in his career.

Yorke says: “I’m pleased to join Muzinich at such an exciting juncture of its business development. Alongside a considerable tenure in corporate credit investing, the firm has an established reputation and experience in broadly syndicated loans, which makes it well suited to expand into the CLO issuer market.”

Yorke will work closely with Torben Ronberg, Head of Syndicated Loans, to seek consistency in risk management and capital preservation, in-line with the Firm’s broader investment process.

Ronberg says: “As a corporate credit manager with over three decades of experience, we believe entering the CLO market is a natural extension of our business.” He added “Brian’s reputation, connections and longevity in the CLO market provides us deep expertise and enables us to offer clients an expanded range of credit strategies with a focus on downside protection and risk management.”   

Founder and Chairman George Muzinich adds: “The launch of a CLO platform, which is backed by a substantial capital commitment, allows us to extend our floating rate product suite at a time of inflationary uncertainty and rates pressure.”