AltCredit Subscription required London-based direct lender SCIO Capital has announced that industry veteran Oliver Wriedt has joined the company as a Strategic Advisor and his wholly-owned company has acquired a minority stake in the firm. © Alt Credit Fund Intelligence. All Rights Reserved
Creditflux Subscription required Wriedt buys minority stake in direct lender Scio and joins as strategic advisor. © Creditflux
institutionalassetmanager.co.uk SCIO Capital (SCIO), a London-based direct lender providing secured loans to European borrowers in the underserved sub EUR25 million market segment, has appointed industry veteran Oliver E Wriedt as a Strategic Advisor with his wholly-owned company acquiring a minority stake. © 2020 Institutional Asset Manager All rights reserved
ft.com Subscription required ‘… Watch now for the well-established boutiques, management-owned and operated, managing a fraction of the trillions of the behemoths. They are big enough to clear all regulatory and technology hurdles, immersed in their field of choice, differentiated by their willingness to constrain their capacity, focused on asset management and not asset gathering, and comfortable with aligned fee structures. The scales are tipping — some colossi will survive but the smarter money will flow elsewhere.’
SCI.com Subscription required Ever loosening loan documentation and manager drift are giving CLO investors pause for thought, particularly those higher in the structure. While certain managers may be benefiting now, there are worries that those pursuing a less conservative strategy may fall short when the credit cycle turns.