Castlelake

250 Nicollet Mall
Minneapolis, MN 55401-7546

Website: castlelake.com

Firm Size

• Assets Under Management (AUM):$26.3 Billion
• Number of Funds:37
• Employees:224
• Firm Type:Private Equity
• Focus Areas:

Description

Castlelake, L.P. is a prominent, global investment firm headquartered in Minneapolis, Minnesota. Established in 2005, the company specializes in alternative investments and is focused on various asset classes such as real estate, private equity, and fixed income. With a strong emphasis on strategic investments and active asset management, Castlelake aims to generate attractive risk-adjusted returns for its investors. The firm maintains a global presence, with offices in North America, Europe, and Asia, allowing them to capitalize on investment opportunities across different regions. Castlelake's extensive experience and expertise in distressed, opportunistic, and value-driven investments have positioned them as a respected player in the global financial market.

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May 28, 2024: Castlelake Enters New Joint Venture Agreement with SBB and Provides Whole Loan
Castlelake, L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit investments, today announced it entered into a new joint venture agreement with Samhällsbyggnadsbolaget i Norden AB ("SBB"), a significant social infrastructure property company in the Nordic region, and will provide approximately EUR €489 million/ SEK 5.7 billion of financing. 

Mar 05, 2024: Aequum Capital Upsizes Warehouse Line with Texas Capital Bank and Wells Fargo
Aequum Capital recently expanded its revolving line of credit with Texas Capital Bank and Wells Fargo & Company to $80 million . This upsize in financing will further augment Aequum's significant equity base led by Castlelake, LP. Aequum continues to be well-positioned to execute on portfolio acquisition opportunities, as well as organic growth of its core portfolio.

Feb 27, 2024: Castlelake Enters Joint Venture Agreement with SBB and Provides Whole Loan
Castlelake, L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit investments, today announced it entered into a joint venture agreement with Samhällsbyggnadsbolaget i Norden AB ("SBB"), a significant social infrastructure property company in the Nordic region, and will provide approximately EUR €464 million/ SEK 5.2 billion of financing to SBB Infrastructure AB ("SBB Infrastructure"). 

Jan 29, 2024: YouLend secures deal with J.P. Morgan to extend £4 billion in additional financing to SMEs
YouLend , the leading global embedded finance platform, announces the completion of a private securitisation transaction with global financial services firm J.P. Morgan as a senior lender and Castlelake, L.P. providing subordinate debt. The deal will enable YouLend to extend £4 billion in additional revenue-based financing to small and medium-sized enterprises ( SMEs ). This will be accessible via partnered global e-commerce sites, tech companies, and payment service providers, such as Amazon, Dojo, eBay, and Just Eat Takeaway.com.

Jan 11, 2024: Castlelake and Vervent Reach Agreement for up to $180 Million of Financing for Consumer Credit Card Programs
Castlelake, L.P., a global alternative investment firm specializing in asset-based opportunities and Vervent, a leading fintech servicing company, today announced the entry into a new forward flow agreement whereby certain Castlelake funds and affiliates will provide up to $180 million to Vervent and its affiliates. Under the terms of the agreement, affiliates of Vervent will use the funds to finance origination for its Revvi, Total Card and First Access unsecured credit card programs.

Oct 03, 2023: Fora Financial Closes New Debt Financings, Further Diversifying Capital Structure


Jul 26, 2023: Castlelake Reinsurance Company Itasca Re Provides Reinsurance Policy to Turkish Airlines for Three A321neo Aircraft
Itasca Re Limited (" Itasca Re "), a Bermuda -licensed reinsurance company created by Castlelake that specializes in insurance-backed financing solutions for buyers and owners of commercial aircraft assets, and Turkish Airlines, the flagship airline of Türkiye, today announced Itasca Re provided reinsurance for aircraft non-payment insurance ("ANPI") in respect of financial leasing of three A321neo aircraft to Turkish Airlines. The reinsurance policy is secured by three 2023 vintage A321neo aircraft, each powered by two PW1133GA-JM engines.

Jun 27, 2023: Aequum Capital Expands Existing Warehouse Line with the Addition of Wells Fargo & Company
Aequum Capital recently expanded its revolving line of credit led by Texas Capital Bank to $60 million by adding Wells Fargo & Company to the bank lending group.  This new financing will further augment Aequum's significant equity base led by Castlelake, LP.  With the addition of Wells Fargo, Aequum is well-positioned to execute on portfolio acquisition opportunities, as well as the continued organic growth of its portfolio.

May 15, 2023: Castlelake Reaches Purchase Agreement for up to $4 Billion of Consumer Installment Loans Originated on Upstart's Platform
Castlelake, L.P.  ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities today announced that Castlelake, together with a co-investor and minority partner Eltura Capital Management, has reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace. The purchase agreement consists of the acquisition of a back book of loans and a forward flow arrangement.

Apr 26, 2023: Castlelake Appoints Rory O'Neill and Evan Carruthers Co-CEOs, Yen-Wah Lam Chief People Officer and President
 Castlelake, L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit, today announced that Evan Carruthers , Chief Investment Officer, has been appointed the additional role of Co-Chief Executive Officer alongside Rory O'Neill , who has assumed the title of Executive Chair and Co-Chief Executive Officer. Additionally, Yen-Wah Lam has been promoted to Chief People Officer and President.