The American manager Muzinich & Co. has announced the launch of a new platform for collateralized loan obligations (guaranteed loan obligations, CLO for its acronym in English). To carry out the development of this new business, the firm has hired brian yorke as manager and global head of the CLO area.
Yorke has over 20 years of industry experience and has managed over 45 CLOs in his career. Previously, he was with Ostrum Asset Management (a subsidiary of Natixis IM), where he helped build the US lending and European CLO businesses. His first positions were at Bardin Hill Investment Partners and Prudential (PGIM, Inc.).
The manager 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 overall investment process.
In the words of George Muzinich, founder and president of Muzinich & Co, “launching a CLO platform, backed by a significant capital commitment, allows us to expand our set of floating rate products at a time of inflationary uncertainty and pressure on rates”.