Formation of CAVU Investment Partners


Shearman & Sterling advised TowerBrook Capital Partners in its investment in CAVU Investment Partners, a new entity formed in partnership with asset management firm LibreMax Capital, LLC. CAVU will invest in the equity tranches of new issue collateralized loan obligations (CLOs) managed by Trimaran Advisors, LLC, the CLO management platform of LibreMax. CAVU will be making investments for a period of five to seven years.

TowerBrook Capital Partners L.P. is an investment management firm with more than $12.4 billion of assets under management. The firm is co-headquartered in New York and London and focuses on making investments in companies headquartered in North America and Europe. The investment was made through the TowerBrook Structured Opportunities Fund (TSO), which was established in 2015 to back great management teams and businesses at the inflection point of growth and change where traditional control-oriented attributes may not apply.

Shearman & Sterling advised TowerBrook Capital Partners in its investment in CAVU Investment Partners with a team including Brien Wassner (Picture) and Dillon Smith.

Involved fees earner: Dillon Smith – Shearman & Sterling; Brien Wassner – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: TowerBrook Capital Partners L.P.;