The credit platform of Clearlake Capital Group, a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies, today announced that its credit platform, will assume management of CLOs managed by LCM Asset Management. The transaction adds 31 CLOs representing more than $5 billion of assets under management and increases assets managed by Clearlake Credit to approximately $39 billion across liquid credit, private credit, and other customized credit solutions. The acquisition further broadens the firm’s capabilities and deepens its relationships with institutional investors. Milbank and Dechert represented Clearlake Credit in the transaction. GreensLedge Capital Markets advised the seller.