Vertical Capital Income Fund Announces Executive Changes
January 08, 2021 at 09:31 pm
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Vertical Capital Income Fund and Oakline Advisors, LLC announced that the Fund's Chairman of the Board of Tr ustees, Treasurer, and Portfolio Manager, Robert J. Chapman has announced his retirement effective January 8, 2021. In an effort to reduce expenses that would likely be associated with the appointment of a new Trustee, the Fund's Trustees voted to eliminate Mr. Chapman's to-be-vacant board position and elevate existing Independent Trustee Robert J. Boulware to serve as Chairman effective January 8, 2021. While Mr. Chapman will consult with Oakline until March 31, 2021 for a smooth transition, Oakline's Senior Vice President Katherine Hawkins will assume the role of Portfolio Manager and Oakline's Vice President/Senior Controller Destiny Poninski will become Treasurer immediately. Officers of the Fund serve subject to annual reappointment. Ms. Hawkins will guide the Fund's portfolio as aided by the leadership of Michael D. Cohen, President of the Fund and Oakline.
Carlyle Credit Income Fund is an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations (CLOs). The CLOs are collateralized by a portfolio consisting primarily of the United States senior secured loans with a large number of distinct underlying borrowers across various industry sectors. The Fundâs primary investment objective is to generate current income, with a secondary objective to generate capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of CLOs. The Fund may also invest in other related securities and instruments or other securities and instruments, including senior debt tranches of CLOs, loan accumulation facilities (LAFs) and securities issued by other securitization vehicles, such as collateralized bond obligations (CBOs). The Fund is externally managed by Carlyle Global Credit Investment Management L.L.C.
CARLYLE CREDIT INCOME FUND 
