- Acquisition: Clearlake Capital Group, a US-based private equity firm, has agreed to acquire MV Credit, a pan-European private credit business with $5.1 billion in assets under management (AUM), from Natixis Investment Managers.
- MV Credit: MV Credit specializes in senior direct lending, subordinated direct lending, hybrid, and collateralised loan obligation (CLO) strategies. It has deployed over $11 billion since its inception, leading more than 500 bespoke transactions with sponsors like EQT, Nordic Capital, Cinven, and Bain Capital.
- Clearlake Growth: The acquisition will boost Clearlake’s total AUM to over $90 billion, with its credit business reaching $28 billion in AUM.
- Strategic Importance: Co-founders José Feliciano and Behdad Eghbali highlighted the acquisition as part of Clearlake’s strategy to expand its global direct lending capabilities and broaden product offerings for investors.
- Closing: The deal is expected to close in Q4 2024.
Natixis sells private credit business MV Credit to Clearlake Capital
