Commercial Industrial Finance Corp.
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Commercial Industrial Finance Corp. - overview
Established
1982
Location
New York, NY, US
Primary Industry
Financial Services
About
Commercial Industrial Finance Corp. focuses on providing innovative credit strategies tailored for institutional investors, including secured loans and structured credit solutions aimed at optimizing returns in the financial market. Commercial Industrial Finance Corp. is headquartered in New York, US, and was founded in 1982.
The firm specializes in credit strategies and has undergone significant changes, including a merger with Deerfield Capital in April 2011. The founder, Jeeson Kanjirathingal, has a background in finance, although details on previous ventures are not available. The company has raised a total of USD 81. 82 mn through its latest funding round, a Private Placement/Follow on completed in December 2013, with the most recent deal date recorded as December 18, 2013.
CIFC has been involved in 2 significant deals throughout its history. CIFC Asset Management offers a diverse range of credit strategies designed for institutional investors, including Senior Secured Loans, Collateralized Loan Obligations (CLOs), Direct Lending, High-Yield instruments, Opportunistic Credit, and Structured Credit solutions. With a focus on current market conditions, these offerings are aimed at delivering risk-adjusted returns for over 500 institutional investors globally. CIFC’s products are marketed across major financial hubs in North America, Europe, and select regions in Asia, supported by a knowledgeable research team with extensive credit market experience.
In the most recent financial year of 2015, CIFC Asset Management reported revenues of USD 122. 52 mn and an EBITDA of USD 34. 11 mn. The firm's revenue is primarily generated through management fees and performance-based incentives linked to its credit strategies, which are tailored to meet the needs of institutional investors.
CIFC aims to expand its market presence by introducing new credit products in the near future, targeting the evolving needs of institutional investors. Specific geographic regions for expansion include emerging markets in Asia and Europe, with plans to enter these markets by 2024. The funding raised in the recent Private Placement/Follow on round will be utilized to support these initiatives, enhancing the firm's ability to innovate and grow its client base.
Primary Industry
Financial Services
Sub Industries
Consumer Finance, Investment Banking
Website
www.cifc.com
Verticals
FinTech
Company Stage
Growth Capital
Total Amount Raised
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Commercial Industrial Finance Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Commercial Industrial Finance Corp. | - | ||||||||
| Secondary Buyout | Completed | CIFC LLC | - | ||||||||
| Add-on | Completed | CypressTree Investment Management | - | ||||||||
| Growth | Completed | Commercial Industrial Finance Corp. | - |
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