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Brookfield Asset Management and Castlelake announced that they have entered into an agreement whereby Brookfield will acquire a 51% stake in Castlelake’s fee-related earnings.
BROOKFIELD NEWS, May 06, 2024 -- Brookfield Asset Management and Castlelake L.P. , an alternatives asset manager specializing in asset-based private credit including aviation and specialty...
Brookfield Asset Management Inc. is said to be in advanced talks to buy a majority stake in private-credit manager Castlelake LP. Read more.
The potential deal would see Brookfield invest more than $1.5 billion in the Minneapolis-based firm.
Minneapolis-based Castlelake, LP is exploring a sale. The private credit manager was formed in 2005 by its co-Chief Executive Officers Rory O’Neill and Evan Carruthers. As of June 30, 2023, Castlelake claims to manage assets on behalf of approximately 200 institutions and partners globally, including endowments, foundations, public and private pension plans, private funds, family…