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Laxman Pai, Opalesque Asia: Lakemore Partners and its group entities, a private credit investment firm primarily investing in control CLO equity, announced it has successfully closed Aquatine IV at $400m as a result of strong investor demand.
Aquatine IV is Lakemore's fourth CLO fund within the Aquatine platform, which invests in control equity positions in U.S. CLOs, and is currently one of the market's largest dedicated CLO control equity funds, claimed a press release from the private credit investment firm.
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, it said.
"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," said 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 CLO managers, and we continue to experience strong demand from a range of global clients looking to access reliable and defensively managed credit portfolios."
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