Clearlake Agrees to Buy Private Credit Manager MV from Natixis

  • Tie-up would increase Clearlake’s assets to $90 billion
  • US-based Clearlake will expand MV’s European activity
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Private markets investor Clearlake Capital Group LP has agreed to buy European-focused investment shop MV Credit Partners LLP from Natixis Investment Managers LP, according to a statement.

MV Credit’s $5.1 billion of assets under management will increase Clearlake’s assets to more than $90 billion, the companies said in a statementBloomberg Terminal Tuesday. Terms weren’t disclosed.