BNY Mellon Expands Partnership with CIFC 

BNY Mellon (NYSE:BK), a leading global financial services company, today announced an expanded partnership between alternative credit specialist CIFC and BNY Mellon Investment Management (BNY Mellon IM).

Building on a long-standing relationship between BNY Mellon and CIFC, this expanded partnership will see BNY Mellon IM having access to CIFC's U.S. direct lending strategy on its global distribution platform for clients across EMEA and APAC where the product is available for sale.

"CIFC has been a valued client of BNY Mellon's for over 10 years," said Cathinka Wahlstrom, Chief Commercial Officer at BNY Mellon. "Starting with asset servicing, our ongoing partnership is expanding to include our investment management distribution platform and exemplifies how BNY Mellon's market-leading suite of solutions can support our clients at every stage of their lifecycle. In our 240^th year of business, we are proud to leverage centuries of expertise as we partner with clients to understand their unique objectives and innovate to expand their capabilities."

"We're excited to evolve our relationship with BNY Mellon and see a huge opportunity to partner with the firm's Investment Management business," commented John DiRocco, Chief Operating Officer at CIFC. "With its global distribution footprint, local knowledge and experience working with firms like ours, BNY Mellon is an ideal partner as we look to the next stage of our international growth."

The partnership comes to fruition at a time when the private credit market is benefiting from cyclical and secular growth trends; European institutions are under-allocated, and demand from investors is increasing globally.

"Our clients continue to look for innovative investment solutions across both public and private markets, specifically US private credit." added Matt Oomen, Global Head of Distribution at BNY Mellon Investment Management. "This partnership gives our clients exposure to the benefits US private credit has to offer, whilst enabling CIFC to access our extensive, deep investor relationships across the regions, as well as some of the largest pools of capital available."