REG - Oakley Capital Inv. - Oakley Capital invests in GLAS

Oakley Capital InvestmentsAnnouncement

05/01/2026 07:00

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RNS Number : 6234N  Oakley Capital Investments Limited  05 January 2026

5 January 2026

 

Oakley Capital Investments Limited

 

Oakley Capital Investments Limited(1) ("OCI") is pleased to announce that
Oakley Capital Fund VI(2) is acquiring a majority stake in GLAS ("Global Loan
Agency Services"), a leading, global provider of loan administration and bond
trustee services.

OCI's indirect contribution via Fund VI is anticipated to be up to c.£55
million, which relates to OCI's share of Oakley's investment in GLAS.

Further details on the transaction can be found in the below announcement from
Oakley Capital(3).

Oakley Capital invests in institutional debt administration provider GLAS

 

Oakley Capital, a leading mid-market private equity investor, is pleased to
announce it is acquiring a majority stake in GLAS, a leading, global provider
of loan administration and bond trustee services. Oakley is investing
alongside La Caisse (formerly CDPQ) who has acquired a minority position, as
well as Levine Leichtman Capital Partners, who will retain a small stake in
the business.

 

Founded by Mia Drennan and Brian Carne in 2011, London-headquartered GLAS
offers a wide range of administration and trustee services for the credit
markets, including private credit and leveraged finance. The company oversees
the lifecycle administration of debt instruments, including transaction
execution, interest determination, cash flow coordination and stakeholder
communications, underpinned by regulatory and structural requirements for
independent agency providers. Operating with over 450 employees across 16
offices in Europe, America, APAC and Middle East, GLAS services a portfolio of
over $750 billion across its global platform.

 

The global private credit market which GLAS serves today exceeds $2.4 trillion
in AUM and is expected to surpass $4.5 trillion by 2030, supported by healthy
fundraising momentum into the asset class from a wide array of institutional
and retail investors, as well as continued diversification into broader credit
segments, including infrastructure, asset-backed and specialty finance.
Against this backdrop, GLAS benefits from high barriers to entry and strong
recurring revenues, driven by regulatory licensing requirements and the rising
need for sustained investment in technology.

 

In recent years, GLAS has enjoyed 40% organic revenue growth thanks to its
premier service, its global tech-enabled platform, and strong relationships
with leading lenders and law firms. The company has also benefitted from its
ability to support complex transactions, including restructurings and
multi-jurisdictional mega loans.

 

GLAS will continue to be led by CEO and Founder Mia Drennan, alongside her
existing executive management team, Ethan Levner, CFO and Joanne Brooks,
CCO. Oakley will support GLAS to accelerate growth through international
expansion, M&A and the continued development of the company's technology
and AI offering.

 

Peter Dubens, Oakley Capital co-Founder and Managing Partner, said: "Mia has
successfully built a global leader in the market for debt administration, a
market with strong and attractive growth characteristics. We are pleased to be
partnering with such an accomplished entrepreneur and look forward to
supporting the next phase of GLAS' growth."

 

GLAS Founder and CEO Mia Drennan, said: "We wanted to work with a like-minded
partner with an entrepreneurial approach and a reputation for working
successfully with founders. 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."

 

- ends -

 

For further information please contact:

 

Oakley Capital Limited

+44 20 7766 6900

Steven Tredget

 

Greenbrook

+44 20 7952 2000

Rob White / Michael Russell / Theo Bryan

 

Deutsche Numis (Financial Adviser & Broker)

+44 20 7260 1000

Nathan Brown / Matt Goss

 

Notes:

LEI Number: 213800KW6MZUK12CQ815

(1) About Oakley Capital Investments Limited ("OCI")

OCI is a closed-ended investment fund trading on the main market of the London
Stock Exchange as an Official List Company. OCI aims to provide shareholders
with consistent long-term capital growth in excess of the FTSE All-Share Index
by providing liquid access to private equity returns through investment in the
Oakley Funds.

A video introduction to OCI is available
at https://oakleycapitalinvestments.com/videos/
(https://oakleycapitalinvestments.com/videos/)

The contents of the OCI website are not incorporated into, and do not form
part of, this announcement.

(2) The Oakley Funds

Oakley Capital Private Equity II, Oakley Capital Private Equity III, Oakley
Capital IV, Oakley Capital V, Oakley Capital VI, Oakley Capital Origin and
Oakley Capital Origin II are unlisted lower-mid to mid-market private equity
funds that aim to provide investors with significant long-term capital
appreciation. The investment strategy of the Funds is to focus on buy-out
opportunities in industries with the potential for growth, consolidation and
performance improvement. The Oakley family of funds also includes Oakley
PROfounders Fund III and Oakley Touring Venture Fund, which are venture
capital funds focused on investments in entrepreneur-led, disruptive,
technology led companies.

(3) Oakley Capital, the Investment Adviser

Founded in 2002, Oakley Capital Limited has demonstrated the repeated ability
to source attractive growth assets at attractive prices. To do this it relies
on its sector and regional expertise, its ability to tackle transaction
complexity and its deal generating entrepreneur network.

Important information

Oakley Capital Investments has now been admitted to the Official List of the
Financial Conduct Authority. Therefore, the Company is now required to satisfy
the eligibility criteria for admission to listing on the Official List is
required to comply with the Financial Conduct Authority's Listing Rules,
including in relation to transactions with related parties, financial
reporting, contents of shareholder circulars and other continuing obligations.

This announcement may include "forward-looking statements". These
forward-looking statements are statements regarding the Company's objectives,
intentions, beliefs or current expectations with respect to, amongst other
things, the Company's financial position, business strategy, results of
operations, liquidity, prospects and growth. Forward-looking statements are
subject to risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. Accordingly, the
Company's actual future financial results, operational performance and
achievements may differ materially from those expressed in, or implied by, the
statements. Given these uncertainties, prospective investors are cautioned not
to place any undue reliance on such forward-looking statements, which speak
only as at the date of this announcement. The Company expressly disclaims any
obligation or undertaking to update or revise any forward-looking statements
contained herein to reflect actual results or any change in the Company's
expectations with regard to them or any change in events, conditions or
circumstances on which any such statements are based unless required to do so
by the Financial Services and Markets Act 2000, the Listing Rules or
Prospectus Regulation Rules of the Financial Conduct Authority or other
applicable laws, regulations or rules.

 

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