Richard Drury Thesis Carlyle Credit Income Fund (CCIF) is a fixed-income closed-end fund with a very interesting story. The fund was originally called Vertical Capital Income Fund and used to invest in residential mortgage whole loans. The CEF was purchased by Carlyle in 2023, and its mandate was changed so that the name is now focused on investing in primarily equity and junior debt tranches of collateralized loan obligations. The fund is on the small side, with only $95 million in AUM, but does have lever ...