Lakemore Partners’ $400 Million Closing of Aquatine IV Fund

Maples Group supported Lakemore Partners on the Cayman Islands legal and fund administration aspects of its fund.

Lakemore Partners Ltd. and its group entities, a leading private credit investment firm primarily investing in control CLO equity, has successfully closed Aquatine IV at US$400 million as a result of strong investor demand.

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.

The fund is one of the largest dedicated CLO control equity funds to close this year. 

Lakemore is a leading private credit investment firm primarily investing in control CLO equity on behalf of global investors. 

The Maples Group team based in the Group’s Dubai law firm advised Lakemore on this transaction and was led by Philip Ireland (Picture), 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. 

Involved fees earner: David Garvin – Maples and Calder; Philip Ireland – Maples and Calder; Fred Tabbal – Maples and Calder;

Law Firms: Maples and Calder;

Clients: Lakemore Partners;

Sonia Carcano

Author: Sonia Carcano