WhiteStar (Clearlake) Acquires Carlson Capital's Cathedral Lake CLOs
April 1, 2022
WhiteStar Asset Management, the CLO and structured products arm of Clearlake Capital, has acquired the management rights to five reinvesting Cathedral Lake CLOs from Carlson CLO Advisers, a subsidiary of Carlson Capital. The acquisition—effective March 31, 2022—adds more than $2.0 billion of CLO assets and brings WhiteStar's CLO AUM to roughly $12 billion, strengthening its credit and CLO platform.
- Buyers
- WhiteStar Asset Management, L.P. (Clearlake Capital Group)
- Targets
- Carlson CLO Advisers, LLC (Cathedral Lake CLOs - five reinvesting CLOs)
- Sellers
- Carlson Capital, L.P., Carlson CLO Advisers, LLC
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Divestiture
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