The Maples Group was pleased to support Lakemore Partners
("Lakemore"), a leading private credit investment firm
primarily investing in control CLO equity on behalf of global
investors, on the Cayman Islands legal and fund administration
aspects of its $400 million Aquatine IV fund. The fund, which
successfully closed following strong investor demand, is one of the
largest dedicated CLO control equity funds to close this
year.
Aquatine IV is the fourth CLO fund within the Aquatine platform,
investing in control equity positions in U.S. CLOs. Institutional
investors representing private banks, fund of funds, insurance
companies, family offices and high net worth individuals all
provided investment into the fund. Lakemore currently manages
US$1.1 billion in credit assets under management, the majority of
which is from institutional clients.
A team based in the Group's Dubai law firm advised Lakemore on
this transaction and was led by Philip Ireland, Dubai office Joint
Managing Partner, with assistance from David Garvin, a Funds &
Investment Management Associate. In addition, the Group's
fund services team led by Fred Tabbal acted as administrators to
the fund.
Commenting on the closing, Philip Ireland said, "We are
delighted to have had the opportunity to advise our longstanding
client Lakemore Partners on this US$400 million CLO Fund. As
one of the largest CLO closes in the region this year, we are
pleased to have played a part in such a significant
deal."
Mohamed Seif, the Co-Founder and Managing Director of Lakemore,
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".
PRESS RELEASE
7 December 2021
Maples Advises Lakemore Partners On Us$400m CLO Fund
The Maples Group was pleased to support Lakemore Partners ("Lakemore"), a leading private credit investment firm primarily investing in control CLO...