Lakemore Partners Raises $560M for CLO Equity Fund
Lakemore Partners raised a record $560 million for Aquatine V, a supermajority control collateralized loan obligation (CLO) equity fund, outperforming the $400 million Aquatine IV by 40%.
The $1.7 billion private credit fund invests both its own capital and investor allocations. The fund drew institutional investor interest from both new and repeat investors in the MENA region and throughout the U.S.
Aquatine V followed a Sharia-compliant framework, which is common in the MENA region. The structure also contained a U.S. feeder fund primarily intended for U.S. investors. Lakemore now has seven strategic partners, having expanded its network with U.S. CLO managers this year. At full deployment, Aquatine V is expected to have approximately 15 supermajority CLO equity positions.
“Our Aquatine V fundraising success reaffirms the trust investors place in our strategy and team and solidifies our status as a leader in supermajority CLO equity investments,” said Ahmed Faird, Lakemore chairman and CEO.
Founded in 2016, Lakemore has offices in Phoenix, London, Dubai and Zurich.
Pictured: Ahmed Faird, Lakemore chairman and CEO