BNY Mellon IM adds US direct lending strategy to platform amid private market demand

Partnership with CIFC

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BNY Mellon Investment Management has partnered with alternative credit specialist CIFC to provide its clients access to US direct lending on its global distribution platform.

The move expands the long-standing relationship between the two firms, and the strategy will be available for clients across EMEA and APAC. Spring Budget 24: UK Treasury to establish venue for private companies to trade shares BNY Mellon noted the collaboration comes at a time when the private credit market is benefitting from "cyclical and secular" growth trends, adding that "European institutions are under-allocated and demand from investors is increasing globally". Matt Oomen, global head of distribution at BNY Mellon IM, said: "Our clients continue to look for innovative invest...

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