Seller Details:
Based in London and founded in 2012, Spire Partners manages approximately £5.7 billion ($7.5 billion) in assets across 16 CLOs*, financing lines, SMAs and a multi-asset credit strategies fund focused on non-investment grade corporate credit. Spire is the one of the largest Euro-only CLO managers globally. Their team has extensive experience across market cycles and a proven track record.
*Including CLOs that have priced but not yet closed
Buyer Details:
Macquarie Asset Management (“MAM”) is a leading global asset manager, trusted by institutions, individuals and communities to responsibly manage $498 billion in assets. MAM provides clients with a diverse range of investment solutions that seek to deliver superior risk-adjusted returns.
MAM’s Credit & Insurance division is an integrated global credit platform, delivering a comprehensive range of solutions across private credit, liquid credit and insurance. With approximately 150 investment professionals, the division manages $162 billion in assets.
Transaction Summary:
Spire will become MAM’s European CLO platform within the Credit & Insurance division. The acquisition aligns with MAM’s strategic priority to scale its key capabilities across the Credit & Insurance division, with CLOs being a core pillar of that strategy. The acquisition complements MAM’s existing US CLO platform, which recently announced the pricing of its third US CLO. As a scaled, global CLO manager, MAM aims to offer clients deeper market access, geographic diversification, and consistent execution across cycles.
The transaction comes at a time of strong growth for the sector, with 2024 and 2025 delivering record years for CLO issuance in Europe, and forecasts for 2026 suggest another strong year for issuances. The Spire team will retain responsibility for managing the European CLO business and operations, whilst benefiting from MAM’s global distribution network, balance sheet and institutional infrastructure.