Greenwich Loan Income Fund (GLIF), a specialist lender to small and medium sized enterprises, has appointed GMB Partners as an adviser to the company.
GMB will advise on the investments GLIF makes into the CLO market, on the structuring of new CLO investments, and on a number of its existing CLO investments. GLIF has agreed to remunerate GMB via a fee arrangement that is aligned with the interests of GLIF shareholders.
GMB was set up in 2012 by Miguel Ramos Fuentenebro, who has over 20 years of experience in corporate and structured credit markets. Most recently he was managing director responsible for the structured credit group globally for GSO Capital Partners International, part of The Blackstone Group.
Geoff Miller, chief executive of GLIF, says: “GMB brings a wealth of experience in both the US and European CLO markets and is working with us on how best to drive GLIF’s CLO exposure going forward. I have known the principals for a number of years and we anticipate a very rewarding relationship for both companies.”
Fuentenebro says: “We are delighted to work with GLIF on the Company’s investments in the CLO market. There are increasing signs of resurgence in the issuance of CLOs both in Europe and the US and we see a clear opportunity for the partnership between GLIF and GMB to succeed in this market, given our strategy, independence and our approach based on deep fundamentals analysis."