NIBC Leveraged Finance Markets (LFM) manages external investors' funds invested in sub-investment grade secured and unsecured debt. With assets under management of around EUR 1 billion, LFM focuses predominantly on European leveraged loans, as well as infrastructure debt and high yield bonds. With the first vehicle closed in 2003, LFM is one of the first Leveraged Loan CLO managers in Europe and has issued three CLOs under the 'North Westerly' programme. Other formats offered to investors are managed accounts, unleveraged and leveraged funds, and hybrid structures.