#London #United Kingdom #Brookfield #Credit Opportunities #LCM Partners

LCM Partners Achieves €3.8 Billion First Close for Credit Opportunities 5 Strategy

In a major development in the realm of private credit, LCM Partners has announced the successful first closing of its flagship Credit Opportunities 5 (COPS 5) fund, accumulating an impressive €3.8 billion across both the commingled fund and dedicated investor-managed accounts. This initiative is part of LCM's strategy to eventually raise €6 billion, showcasing strong investor confidence and demand in a challenging market environment.

Launched as one of Europe’s prominent private credit management firms, LCM Partners operates under the Brookfield umbrella as a strategic partner. The firm’s proactive approach has attracted significant support from a diverse range of institutional investors, including public and private pension funds, sovereign wealth funds, and insurance companies located in regions across Europe, North America, and Asia.

Paul Burdell, CEO of LCM Partners, expressed his confidence in the achievement of this crucial funding milestone. He emphasized that the backing from both existing and new investors underscores the strength of the investor base LCM has cultivated over time. Burdell noted the increasing commitment from Brookfield, contributing an additional €600 million to the COPS strategy, bringing their total commitment to €1.2 billion. He remarked, “The trust and loyalty of our clients, together with an increased commitment from Brookfield, is a testament to the resilience and success of our strategy.”

The Credit Opportunities Strategy has proven to be resilient across various market cycles, maintaining consistent backing from investors throughout its various vintages. As banks tighten their lending standards and regulatory changes further influence loan sales, LCM anticipates robust opportunities in the consumer and SME credit sectors across Europe.

Craig Noble, CEO of Brookfield Credit, noted the vital role LCM plays within the global investment landscape. He highlighted, “LCM's successful first close for COPS 5 underscores the strength of their private credit origination platform and deep relationships with global investors.” Noble expressed confidence in LCM’s management and their focus on asset-backed investment strategies.

Founded in London, LCM Partners stands out with nearly 2,000 professionals across 25 offices in 11 countries. Their unique approach is centered on acquiring diverse portfolios of consumer and SME loans throughout Europe. As part of the LC Financial Holdings Group, they currently manage a staggering €120 billion in loan value. Their history of operational success with Brookfield since 2018 has further enhanced their market position.

Established in 1999, LCM Partners has a wealth of experience in credit investment. The senior management team, renowned for its pioneering work in European consumer and SME lending, has operated for over two decades, illustrating stability and expertise.

About Brookfield
Brookfield Asset Management Ltd. operates as a global alternative asset manager based in New York, managing over $1 trillion in assets across sectors including renewable energy, infrastructure, real estate, and private equity. The firm is dedicated to investing client capital for the long term, ensuring solid returns while focusing on real assets and essential service businesses that bolster the global economy. Brookfield Credit boasts around $332 billion in assets globally, emphasizing a wide spectrum of private credit investment strategies suited to varying market dynamics.

As LCM Partners progresses toward its ambitious financial goals, continued investor interest and adaptive strategies will remain crucial to navigating and capitalizing on the future of private credit in Europe and beyond.