TowerBrook and Lippmann’s LibreMax open new CLO equity shop

US asset manager LibreMax is teaming up with investment management firm TowerBrook to form a fund that will invest in equity tranches of deals issued by LibreMax’s CLO platform Trimaran, a firm it acquired in December 2018.

  • By Alexander Saeedy
  • 08 Apr 2019

LibreMax was founded in 2010 by Greg Lippmann, the Deutsche Bank trader who helped design the trade against mortgage-backed securities that became known as the Big Short. The company invests across structured products and acquired Trimaran at the end of last year.

“We are pleased to partner with TowerBrook ...

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2 Citi 4,347 16 13.20
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4 Morgan Stanley 3,066 8 9.31
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