Appleby's CLO team in the Cayman Islands is proud to announce its partnership with CIFC Asset Management's new philanthropic program, together with industry experts involved in its latest CLO issuance – RBC Capital Markets, Allen & Overy LLP, Milbank LLP, BNY Mellon, and Locke Lord LLP.
This 'CLO Initiative for Change' is committed to making a coordinated donation on an annual basis to different organisations dedicated to driving social, economic and environmental change. The inaugural contribution of USD$ 145,000 was made to Black Girls CODE ("BGC"), selected in support of racial equity and economic progress in the Black community.
Founded by Kimberly Bryant in 2011, BGC is a non-profit organization focused on empowering girls of colour ages 7 to 17 to become innovators in the science, technology, engineering, and math (STEM) fields, leaders in their communities, and builders of their own futures through exposure to computer science and technology. Recognized as a transformative global movement, BGC aspires to educate 1 million girls of colour by 2040 through after-school programs, workshops, virtual events, mentorships, summer programs and access to a growing alumni network.
Benjamin Woolf, partner at Appleby and head of the Structured Finance team said, "We are delighted that our working relationship with CIFC has evolved to include this philanthropic partnership. Corporate responsibility is at the core of Appleby's business and we are grateful for this opportunity to support the Black Girls CODE initiative and further our commitment to social and economic equity."
For more information about this initiative, please visit Black Girls Code.