LibreMax and TowerBrook Establish CAVU Investment Partners

April 17, 2019

On April 8, 2019, LibreMax Capital announced the establishment of CAVU Investment Partners, in partnership with TowerBrook Capital Partners.Under the terms of the partnership, CAVU Investment Partners, LLC (“CAVU”) will invest in collateralized loan obligations (“CLOs”) managed by Trimaran Advisors, LLC (“Trimaran”), the CLO management platform of LibreMax Capital, LLC (“LibreMax”). TowerBrook Capital Partners L.P. (“TowerBrook”) has committed to CAVU Investment Partners, LLC (“CAVU”) that it will support multiple CLOs managed by Trimaran. CAVU is expected to start investing during the second quarter of 2019 and will be able to make investments for five to seven years. David Moffitt, LibreMax’s Head of Tactical Opportunity Investing and CLO Management and Trimaran’s President will serve as CAVU’s President. Further terms of the deal were not disclosed.

LibreMax, based in New York, is an asset management firm that specializes in structured credit. Trimaran, acquired by LibreMax on December 31, 2018, currently manages six CLOs and has approximately $3 billion in assets under management.

TowerBrook, based in New York and London, is an investment firm that specializes in in direct and funds of funds investments, investing through their Private Equity Funds and Structured Opportunity Funds.

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Investment Manager Strategic Investments, Transactions