La Caisse announced Monday that it will take a minority stake in loan administration and bond trustee service provider Global Loan Agency Services Ltd., with European middle-market private equity investor Oakley Capital Investments Ltd. taking a majority stake in the firm.
London-based GLAS services $750 billion in assets across its platform, including private credit and leveraged-finance instruments. The firm has more than 450 employees across offices in Europe, America, Asia-Pacific and the Middle East.
In a statement, GLAS noted that the private credit market it services exceeds $2.4 trillion in outstanding debt and is expected to surpass $4.5 trillion by 2030. GLAS has experienced 40% organic revenue growth in recent years, according to the firm. Financial details of the deal were not disclosed.
The investments from Oakley and La Caisse are intended to support the firm’s growth through international expansion, M&A and the continued development of the company’s technology.
The company will continue to be led by its existing management team: CEO Mia Drennan, Chief Financial Officer Ethan Levner and Chief Commercial Officer Joanne Brooks.
“We wanted to work with a like-minded partner with an entrepreneurial approach and a reputation for working successfully with founders,” said Drennan, the founder of GLAS, in a statement. “Oakley has a strong track record supporting global market leaders, and we are excited about the opportunities this partnership, alongside La Caisse, will unlock for GLAS.”
La Caisse managed a total of $360.54 billion in assets as of June 30, 2025. Oakley Capital invests across four core sectors—technology, business services, digital consumer and education.
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Tags: Caisse de dépôt et placement du Québec (CDPQ), Private Credit