DFG Investment Advisers Inc, an alternative credit asset manager, has named Oliver E. Wriedt as CEO. His appointment becomes effective immediately. Previously, he was co-CEO of CIFC Asset Management.
NEW YORK, April 4, 2019 – DFG Investment Advisers, Inc. (“DFG” or the “firm”), a leading alternative credit asset manager with approximately $5.7 billion in assets under management, today announced that Oliver E. Wriedt has joined the firm as Chief Executive Officer, effective immediately. In this role, Mr. Wriedt is responsible for overseeing business strategy and day-to-day management of the firm, driving product development, and leading fundraising efforts. Mr. Wriedt most recently served as Co-CEO of CIFC Asset Management.
“I have closely followed Oliver’s career over the last fifteen years, and have witnessed his proven track record of building strong institutional businesses and fostering longstanding partnerships,” said Volkan Kurtas, DFG’s Founder and Chief Investment Officer. “Oliver is an excellent fit with our culture of client commitment and teamwork, and we believe his management experience, significant credit industry expertise and deep network of global relationships will be instrumental as we strive to develop the firm into a next generation asset manager.”
Mr. Wriedt added, “I have a well-established business relationship with DFG’s founders, Volkan, Moritz, and Kimito, that spans many years, and have always respected the core principles upon which they built their firm: team integrity, client-first culture, and a constant focus on risk management. I look forward to building upon the firm’s strong performance over the last twelve years, working closely with the entire team to serve and expand the firm’s client base, diversify its product offerings and elevate the Vibrant brand.”
As DFG embarks on its next phase of growth and development, it will unify the firm and its products under one brand, Vibrant. The firm has been a wholly-owned subsidiary of Vibrant Capital Partners, LLC since 2008, and manages 8 CLOs and several warehouse vehicles with combined assets of $4.0 billion under the Vibrant brand.
Philip Darivoff, DFG’s Chairman, concluded, “We are thrilled to welcome Oliver to the firm. He is a highly accomplished asset management executive who will help us grow and institutionalize our platform as well as create value for our clients.”
Mr. Wriedt has twenty-five years of experience in lending, structuring, portfolio management and business development. During his tenure at CIFC from March 2012 to May 2018, he helped grow assets to $18 billion and diversify product offerings to include a range of alternative credit strategies. Prior to joining CIFC, Mr. Wriedt served as a Managing Director in Providence Equity Partners’ Capital Markets Group, where he focused on the build out of the firm’s direct lending, long/short credit and CLO issuance efforts. He previously held roles at Sciens Capital Management, GoldenTree Asset Management, Deutsche Bank and NORD/LB. Mr. Wriedt received a B.A. in History and Economics from Duke University.
About DFG Investment Advisers, Inc.
Founded in 2006, DFG is a leading New York-based alternative credit asset management firm. The firm is majority employee-owned and manages approximately $5.7 billion in corporate and structured credit assets via commingled funds, separate accounts and collateralized loan obligations as of April 2019. For more information, please visit www.dfgia.com.