Clearlake Capital Group acquires LCM Asset Management’s CLO contracts
The addition of 31 CLOs and more than $5 billion in AUM lifts assets managed by Clearlake Credit to approximately $39 billion.
Takeaways
- Clearlake Credit acquires LCM Asset Management's CLO contracts, gaining 31 CLOs
- Transaction brings Clearlake Credit's total assets under management to approxima
Clearlake Credit, the credit platform of Clearlake Capital Group, will assume management of 31 collateralized loan obligation contracts with more than $5 billion in assets under management from LCM Asset Management.
The transaction brings assets managed by Clearlake Credit to approximately $39 billion across liquid credit, private credit, and customized credit solutions.
The CLOs serve institutional investors.
Clearlake Capital Group manages over $185 billion in assets across private equity, credit, infrastructure, secondaries, and other strategies.
Milbank LLP and Dechert LLP represented Clearlake Credit; GreensLedge Capital Markets advised the seller.
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