WhiteStar Asset Management Launches its European CLO Business

WhiteStar Asset Management (“WhiteStar”), the CLO, structured products, and broadly syndicated credit arm of Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), announced today that Brian McNamara and Conor Power will join WhiteStar from MacKay Shields Europe Investment Management Limited (“MacKay Shields Europe“) to launch its European CLO business, WhiteStar Asset Management Europe (“WhiteStar Europe”).

WhiteStar Europe and MacKay Shields Europe will work together to ensure a smooth transition for the assignment of the collateral management agreements for MacKay Shields Europe CLO 1 and 2, representing a total AUM of €560 million, to WhiteStar Europe. The MacKay Shields European Loan investment and operations team are expected to join WhiteStar Europe to strengthen the team and create a projected eight-person team based in Dublin and London.