The FT this morning reported that Brookfield Asset Management is in advanced talks to buy a majority stake in Castlelake with an investment of over $1.5 billion, including a large investment in Castlelake‘s private credit funds.

Castlelake manages $22 billion in niche credit areas including speciality finance and aviation.

Rory O‘Neill and Evan Carruthers founded Castlelake in 2005, and have deployed $39 billion in over 70 countries together since then.

Strategies include:

– real assets (transitional real estate, infrastructure, renewables and power stability, and sub- and non-performing loans)

– specialty finance (consumer finance receivables, commercial and industrial loans)

– aviation (managing all aspects of the investing lifecycle)

Another day, another acquisition, stake or liftout in private credit.
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