Clearlake Capital-backed WhiteStar Asset Management completed the acquisition of five collateralized loan obligations business of Carlson Capital.

Clearlake Capital-backed WhiteStar Asset Management, a credit-focused investment management firm, completed the acquisition of five collateralized loan obligations business of Carlson Capital, an alternative investment manager. Financial terms were not disclosed. “This acquisition continues the growth of WhiteStar, and it’s been a pleasure collaborating with the Carlson Capital team during this transition. With this acquisition on the heels of our acquisitions completed in 2021, we continue to deliver on our strategic plan to grow the credit business and enter new markets. We are honored to take the reins from Carlson Capital, steward the existing investors’ capital and are thankful to Carlson for their work to date,” Gibran Mahmud, WhiteStar CEO.