Vertical Capital Income Fund
VCIF
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Christopher Richard Chase
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 20 Pacifica Irvine CA United States of America 92618
- IPO Date
- Dec 30, 2011
- CIK
- 0001517767
- Similar Companies
- Business
- Vertical Capital Income Fund (NYSE: VCIF), now operating as Carlyle Credit Income Fund (NYSE: CCIF), is an externally managed, non-diversified closed-end management investment company that generates current income and capital appreciation primarily through investments in equity and junior debt tranches of collateralized loan obligations (CLOs) collateralized by diversified portfolios of below-investment-grade U.S. senior secured loans across various industry sectors; the Fund may also hold convertible securities, cash equivalents, and limited legacy residential mortgage assets. Originally founded on December 30, 2011, and headquartered at One Vanderbilt Avenue, Suite 3400, New York, NY, the Fund previously focused on performing non-agency residential whole mortgage loans secured by real estate before shifting its investment mandate under new management. It benchmarks performance against indices such as the Bloomberg U.S. MBS Index and operates as a regulated investment company (RIC) under the Investment Company Act of 1940, offering monthly distributions to common shareholders, including a recent $0.1050 per share dividend maintained through November 2025, with quarterly financial reports highlighting portfolio yields exceeding 14% GAAP averages. In a major strategic transformation completed in July 2023, the Fund sold a significant majority of its legacy residential mortgage portfolio via competitive bidding to facilitate the appointment of Carlyle Global Credit Investment Management L.L.C. (an affiliate of The Carlyle Group) as its investment adviser, replacing prior manager Oakline Advisors, LLC; Carlyle committed approximately $40 million in equity investments through tender offers and new share issuances, acquiring around 35-40% ownership. The transaction included a ticker and name change to CCIF effective July 27, 2023, alongside a revised net asset value adjustment reflecting portfolio sales below book value. More recently, in August 2024, the Fund entered a purchase agreement for approximately 11,517 shares of 7.125% Series B Convertible Preferred Shares due 2029 with institutional investors, raising net proceeds of about $10.6 million to bolster its CLO-focused portfolio; it also secured a $30 million credit facility (upsizable to $50 million) at SOFR + 3.25% and funded over $34.9 million in new CLO investments during Q4 2025 at weighted average yields of 13.65%. The Fund targets institutional and retail investors seeking high-yield exposure to structured credit markets, with total investments valued at around $200 million as of mid-2025 and net asset values near $6.51 per common share; its CLO holdings provide diversification across 1,400+ underlying borrowers while leveraging Carlyle's extensive credit research and position as one of the world's largest CLO managers with over $150 billion in credit assets under management. Geographic operations center on U.S. senior secured loans, with no significant international subsidiaries or parent entities beyond Carlyle's advisory role.