Clearlake Capital Group’s credit platform has acquired LCM Asset Management’s collateralised loan obligation (CLO) contracts, strengthening its position in the liquid credit market.
The deal adds 31 CLOs to Clearlake Credit, representing $5bn (£3.7bn) in assets under management (AUM), and taking the platform’s AUM to approximately $39bn across liquid credit, private credit, and other customised credit solutions.
Read more: Clearlake Credit eyes wealth market and more acquisitions for growth
According to Clearlake Capital Group, the transaction broadens its capabilities, “deepens its relationships with institutional investors, and reinforces its client-centric approach and commitment to seeking attractive risk-adjusted returns across market cycles”.
The firm launched its dedicated credit platform, Clearlake Credit, in May 2025, incorporating MV Credit, a pan-European private credit manager that it acquired from Natixis Investment Managers, and WhiteStar Asset Management, a credit-focused investment manager it bought in 2020, as well as Clearlake’s existing credit business.
Milbank LLP and Dechert LLP represented Clearlake Credit in the transaction, while GreensLedge Capital Markets advised the seller.
Founded in 2006, Clearlake Capital manages $105bn of assets across private equity, credit, infrastructure, secondaries, co-investments, and other related private market strategies.
The firm recently acquired Pathway Capital Management, a global provider of private market solutions for institutional and wealth clients, to expand its private markets platform.
