NEW YORK - July 17, 2015 - CIFC Corp. (NASDAQ: CIFC) and its subsidiaries (collectively "CIFC" or the "Company") announced the closing of a new CIFC-managed CLO, CIFC Funding 2015-III, Ltd., representing $515.7 million of par value of notes and approximately $500.0 million of new assets under management. The transaction was led by BNP Paribas, supported by 16 institutional investors and closed on July 16, 2015.

Since 2012, CIFC has been a regular issuer of CLOs and has raised nearly $9 billion of assets under management across 16 transactions. Matt Andrews, Co-Head of Structured Products at CIFC said "we are pleased to have successfully closed our third CLO of the year."

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CIFC Completes $515.7 Million Collateralized Loan Obligation ("CLO")

About CIFC

CIFC is a fundamentals-based, relative-value credit manager investing across CLOs, structured credit and total return portfolios. Headquartered in New York, CIFC is an SEC registered investment adviser and is listed on NASDAQ. The firm currently serves more than 250 institutional investors globally, and manages approximately $14.0 billion in assets. For more information, please visit CIFC's website at www.cifc.com.

Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements regarding future results or expectations. Forward-looking statements can be identified by forward-looking language, including words such as "believes," "anticipates," "expects," "estimates," "intends," "may," "plans," "projects," "will" and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made, various operating assumptions and predictions as to future facts and conditions, which may be difficult to accurately make and involve the assessment of events beyond CIFC's control. Caution must be exercised in relying on forward-looking statements. The forward-looking statements in this release are subject to risks and uncertainties, and the other risks related to CIFC's business that are described in its annual report on Form 10-K. The forward-looking statements contained in this press release are made as of the date hereof, and CIFC undertakes no obligation to update any forward-looking statement to reflect subsequent events, new information or circumstances arising after the date hereof.

CONTACT:

Investor Relations at InvestorRelations@cifc.com

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