Private equity firm Clearlake Capital Group has bought a majority stake in WhiteStar Asset Management from Pine Brook Capital Partners, growing assets under management to approximately $24 billion.
WhiteStar’s business is in the syndicated bank loan space with a focus on CLOs. The firm has completed seven CLOs under the Trinitas name recently and has had 12 CLO offerings since the inception of its platform. Founded in 2013, WhiteStar grew its AUM from $1.5 billion to approximately $6 billion over the last three years.
The Clearlake team has a long history in credit . . .
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