Brookfield Asset Management acquires 51% interest in Castlelake in a strategic partnership transaction
Acquiring Company
Brookfield Asset Management
Acquired Company
Castlelake
New YorkMinneapolisEnergyFinancial ServicesReal EstateFinanceFintechFinancial ServicesFinanceAngel InvestmentDescription
Brookfield Asset Management has acquired a 51% stake in Castlelake L.P.'s fee-related earnings in a strategic partnership transaction amounting to $1.5 billion. Additionally, Brookfield Wealth Solutions has committed to invest in Castlelake's investment strategies and private funds.
Quick answer
Brookfield Asset Management is acquiring Castlelake, announced September 17, 2024. Brookfield Asset Management is based in New York, New York, United States.
- How much did Brookfield Asset Management pay for Castlelake?
- The deal value was not disclosed.
- What does Brookfield Asset Management do?
- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with $850 billion of assets under management across renewable power and transition, infrastructure, private equity,..
- Where are Brookfield Asset Management and Castlelake based?
- Brookfield Asset Management is based in New York, New York, United States. Castlelake is based in Minneapolis, Minnesota, United States.
- Who are the decision-makers at Brookfield Asset Management?
- Fundz holds 1 contact at Brookfield Asset Management. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Castlelake?
Castlelake was acquired by Brookfield Asset Management, based in New York. The deal was reported on September 17, 2024. Brookfield Asset Management Ltd. Brookfield Asset Management is publicly traded (BAM) and operates in Energy.
When did Brookfield Asset Management acquire Castlelake?
Brookfield Asset Management's acquisition of Castlelake was reported on September 17, 2024. Brookfield Asset Management has acquired a 51% stake in Castlelake L.P.'s fee-related earnings in a strategic partnership transaction amounting to $1.5 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Castlelake do?
Castlelake, L.P. is a global alternative investment manager focused on opportunistic investments in real assets, specialty finance and aviation. Founded in 2005, Castlelake manages approximately $20 billion of assets on behalf of its investors. It is privately held, operating in Financial Services, and is based in Minneapolis.
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