“We are pleased with the strong demand for our first CLO as a debut manager,” said Thomas Kyriakoudis, Partner and Co-Head of Private Credit Solutions at LGT Capital Partners, who will co-manage Legato with Portfolio Manager Ilina Chen. “This outcome underscores the trust investors place in our team and strategy, and it provides a strong foundation for the growth of the Legato platform.”

The Legato platform marks a significant step forward in expanding LGT Capital Partners’ credit solutions offering. The firm has been investing in CLOs for more than a decade, as a limited partner and as a direct investor in the asset class. It now builds on this expertise by managing its own European CLO portfolios to benefit from the proven resilience and performance of the asset class across various economic cycles. The Legato platform was launched in May 2025 and utilizes existing internal capital allocations as well as institutional third-party investments.