Lakemore Partners Raise US$560 Million for Aquatine V, its Supermajority Control CLO Equity Fund

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DUBAI, UAE and PHOENIX, Feb. 8, 2024 ~ Lakemore Partners Ltd., a global investment firm, has recently announced the final close of its Aquatine V Fund at an impressive US$560 million. This marks a 40% increase from its previous fund, the Aquatine IV Fund, which raised US$400 million.

The Aquatine V Fund primarily focuses on investing in supermajority control collateralized loan obligation (CLO) equity. It has attracted strong interest from global institutional investors, including those in the MENA region and across the US. These investors come from a diverse range of backgrounds such as private banks, fund of funds, insurance companies, family offices, and high net worth individuals.

Ahmed Farid, Chairman & CEO of Lakemore, expressed his satisfaction with the successful fundraising for Aquatine V. He stated that this achievement reaffirms the trust investors have in Lakemore's strategy and team. It also solidifies their position as a leader in supermajority CLO equity investments. Farid also highlighted the appeal of their investment approach and the strong track records of their previous Aquatine funds.

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Aquatine V is Lakemore's fifth platform fund that focuses on investing in supermajority control equity positions of US CLOs. The fund expects to have approximately 15 supermajority CLO equity positions once it is fully deployed.

The Fund has taken advantage of market volatility to deploy a significant portion of its capital and has delivered strong performance thus far. As markets continue to evolve, Lakemore plans to continue deploying capital. In 2024, they expanded their network by forming strategic partnerships with seven top-tier US CLO collateral managers.

With the successful final close of Aquatine V Fund and its strong performance to date, Lakemore continues to solidify its position as a leading private credit investment firm. Investors can trust in their commitment to delivering high risk-adjusted returns across various market cycles.
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