Lakemore Partners Ltd. and Aegon Asset Management have expanded their strategic partnership, aiming to grow their collateralized loan obligation (CLO) investing and management businesses.
The companies reported that they have worked together on CLO issuance since 2023, and the new agreement is intended to help both firms scale assets and broaden distribution to institutional clients. As part of the plan, Lakemore is set to take meaningful equity stakes in Aegon Asset Management’s new U.S. CLO deals over the next several years.
Ahmed Farid, Chairman and CEO of Lakemore, said, “This partnership represents a new investment initiative for Lakemore. By partnering with Aegon AM and its world-class credit platform, we are building the foundation to scale our investment platform to $12 billion in assets under management and $30 billion in senior loan exposure over the coming years. We see this as a long-term strategic relationship that will expand what we can offer our investors and create value for both firms.”
Read Next
Private Equity's Exit Window May Finally Be Reopening And Spacex Could Be The Catalyst
