Clearlake Credit expanded its loan‑origination platform by acquiring a portfolio of 31 CLOs from LCM Asset Management. The transaction adds roughly $5 billion in assets under management, pushing Clearlake Credit’s total to about $39 billion across liquid, private and bespoke credit strategies. The move deepens the firm’s product breadth and its relationship with institutional investors seeking single‑manager scale for diversified portfolio construction.

Clearlake, founded in 2006, now oversees more than $185 billion across private equity, credit, infrastructure, secondaries and co‑investments. Adding an established CLO book offers a faster path to scale than winning contracts piecemeal, reinforcing its credit ambition alongside a buyout franchise. Milbank and Dechert advised Clearlake Credit, while GreensLedge Capital Markets represented the seller; financial terms remain undisclosed at this stage.

The acquisition positions Clearlake Credit as a more formidable single‑manager in the crowded CLO market, where investors prize depth and consistency. By bundling liquid and private credit under one roof, the firm can offer broader funding solutions and potentially capture higher fee income. The deal underscores a broader trend of private‑equity groups bolstering credit capabilities to meet growing demand today.