Canada's Brookfield to invest $1.5 billion in private credit manager Castlelake

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Brookfield Asset Management News

Asset Manager,Castlelake,Private Equity Funds

As part of the deal, Brookfield will also acquire a 51% stake in Castlelake's fee-related earnings (FRE). The private credit manager will continue to...

- Canada's Brookfield Asset Management will invest about $1.5 billion in private credit manager Castlelake , the companies said in a joint statement on Monday.

The deal comes as private capital groups have been struggling to raise funds, and investors in private equity funds are choosing to concentrate their investments with fewer, larger managers. I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

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Asset Manager Castlelake Private Equity Funds Private Credit Credit Manager

 

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