T. Michael Johnson, former managing director and head of investor relations at Carlyle Global Credit has joined CIFC as a managing director and global co-head of business development.
He works alongside James Boothby and Joshua Hughes, who serve as global co-heads of business development. In the new role, he is focused on firm’s relationships with current and prospect clients as well as leading capital formation efforts across the $40 billion firm’s multi-strategy credit platform.
“T. Michael has an extensive network of institutional relationships amassed over his nearly two-decade career in investment management. Moreover, he is a catalytic manager and strategic thinker with a proven ability to get the most out of sales teams and investment organizations,” said Steve Vaccaro, chief executive officer and chief investment officer of CIFC, in a statement. “His contributions will undoubtedly be additive to our talented Investor Solutions team as CIFC continues to thoughtfully grow our business and best serve the needs of our global clientele.”
Johnson commented that with the bifurcation in the alternative investment space between niche, single strategy managers and large-scale, diverse platforms, there is more value in being one of the latter. CIFC has built such a platform, he said.
CIFC specializes in alternative credit, but allocates a wide range of strategies including CLOs, corporate, structured, opportunistic credit and direct lending.
“I look forward to building upon the firm’s relationships as well as leveraging its well-informed research to solidify CIFC’s position as a value-add partner that delivers alpha in the form of risk-adjusted returns, differentiated insights and thought leadership,” Johnson said in a statement.
A Carlyle spokeswoman confirmed that the firm intends to fill the role with a new hire. Prior to Carlyle, Johnson was a senior managing director and head of business development at Pretium and prior to that a partner, managing director and head of U.S. institutional sales at Paulson & Co.