Lakemore closes $400m CLO fund amid strong investor demand
DUBAI, September 2, 2021
Lakemore Partners and its group entities, a leading private credit investment firm primarily investing in control CLO (collateralized loan obligation) equity, has announced that it has successfully closed Aquatine IV at $400 million as a result of strong investor demand.
Founded in 2016, Lakemore has offices in London (UK), Scottsdale (Arizona, US) and Dubai. Its mission focuses on providing sustainable and reliable income, with the firm currently managing $1.1 billion in credit assets under management, the majority of which is from institutional clients.
Aquatine IV is Lakemore's fourth CLO fund within the Aquatine platform, which invests in control equity positions in US CLOs, and is currently one of the market's largest dedicated CLO control equity funds.
The fund's investors are a diverse group of institutional investors representing private banks, fund of funds, insurance companies, family offices and high net worth individuals, many of whom have invested in previous Lakemore Aquatine Funds, said the statement.
"The successful close of our Aquatine IV fund is an important milestone for Lakemore as we further strengthen our position as a global leader in CLO investments focused on delivering high risk-adjusted returns across market cycles," remarked Mohamed Seif, Co-Founder & Managing Director of Lakemore.
"The significant interest and commitment to Aquatine IV highlights the trust and support our clients place in us," said Hisham Ghouth, Partner and Head of Business Development.
"Our investors recognize our long-standing partnerships with top-tier CLO managers, and we continue to experience strong demand from a range of global clients looking to access reliable and defensively managed credit portfolios," he added.
Somnath Mukherjee, Partner and Head of Investments, said: "Our team continues to deliver outstanding deal execution in 2021 through our involvement in more than 10 control equity transactions representing over US$6 billion in CLO size."
"We would like to thank our collateral managers and arranging banks for their partnership in helping us to secure a robust pipeline during an incredibly active year, and for contributing to long-term, sustainable value for investors in our Aquatine Funds," he added.-TradeArabia News Service
