Deutsche Bank arranged the transaction, which attracted orders from around 20 investors. Legato III brings the total AuM managed through the platform to EUR 1.4 billion.

Thomas Kyriakoudis, Partner and Co-Head of Private Credit Solutions at LGT Capital Partners, said: “The market has been very volatile over the past month, so the trust that investors have placed in us is a testament to the strength of our CLO platform.”

Ilina Chen, Portfolio Manager, commented: “Guided by our long-term strategy, we aim to be active in the CLO market across all market cycles, from bull markets to periods of volatility. We remain laser-focused on maintaining the quality of our portfolios.”

The Legato platform continues to build on LGT Capital Partners’ longstanding experience in the CLO market. Having invested in CLOs for more than a decade as both a limited partner and direct investor, the firm now manages its own European CLO portfolios, drawing on this expertise to navigate a range of market environments. Launched in May 2025, the Legato platform utilizes existing internal capital allocations as well as institutional third-party investments.