Brookfield and Castlelake Complete Strategic Partnership Transaction
Brookfield Asset Management (NYSE: BAM, TSX: BAM) has completed a $1.5 billion strategic partnership with Castlelake L.P., a global alternative investment manager. The deal includes Brookfield acquiring a 51% stake in Castlelake's fee-related earnings and Brookfield Wealth Solutions committing to invest in Castlelake's strategies and funds. Castlelake, founded in 2005, specializes in asset-based private credit, including aviation and specialty finance. The firm manages approximately $24 billion in assets for over 200 institutional investors and has deployed $39 billion of capital across more than 1,300 transactions globally. Castlelake will maintain its independence, current governance, and leadership structure, with Rory O'Neill as Executive Chair and Evan Carruthers as CEO and CIO.
Brookfield Asset Management (NYSE: BAM, TSX: BAM) ha completato una partnership strategica da 1,5 miliardi di dollari con Castlelake L.P., un gestore di investimenti alternativi globale. L'accordo prevede che Brookfield acquisisca una partecipazione del 51% sugli utili correlati alle commissioni di Castlelake e Brookfield Wealth Solutions si impegni a investire nelle strategie e nei fondi di Castlelake. Castlelake, fondata nel 2005, è specializzata in credito privato basato su asset, inclusi aviazione e finanza specializzata. La società gestisce circa 24 miliardi di dollari in asset per oltre 200 investitori istituzionali e ha impiegato 39 miliardi di dollari di capitale in più di 1.300 transazioni a livello globale. Castlelake manterrà la sua indipendenza, l'attuale governance e la struttura di leadership, con Rory O'Neill nel ruolo di Presidente Esecutivo e Evan Carruthers come CEO e CIO.
Brookfield Asset Management (NYSE: BAM, TSX: BAM) ha completado una asociación estratégica de 1.5 mil millones de dólares con Castlelake L.P., un gestor de inversiones alternativas global. El acuerdo incluye que Brookfield adquiera una participación del 51% en las ganancias relacionadas con tarifas de Castlelake y que Brookfield Wealth Solutions se comprometa a invertir en las estrategias y fondos de Castlelake. Castlelake, fundada en 2005, se especializa en crédito privado basado en activos, incluyendo aviación y finanzas especializadas. La firma gestiona aproximadamente 24 mil millones de dólares en activos para más de 200 inversores institucionales y ha desplegado 39 mil millones de dólares de capital en más de 1,300 transacciones a nivel global. Castlelake mantendrá su independencia, gobernanza actual y estructura de liderazgo, con Rory O'Neill como Presidente Ejecutivo y Evan Carruthers como CEO y CIO.
브룩필드 자산관리(Brookfield Asset Management, NYSE: BAM, TSX: BAM)는 글로벌 대체 투자 관리자인 캐슬레이크 L.P.(Castlelake L.P.)와 15억 달러 규모의 전략적 파트너십을 완료했습니다. 이번 거래에는 브룩필드가 캐슬레이크의 수수료 관련 수익의 51% 지분을 인수하는 내용이 포함되어 있으며, 브룩필드 웰스 솔루션(Brookfield Wealth Solutions)은 캐슬레이크의 전략 및 펀드에 투자하기로 약속했습니다. 2005년에 설립된 캐슬레이크는 항공 및 전문 재무를 포함한 자산 기반의 사모 신용을 전문으로 합니다. 이 회사는 약 240억 달러의 자산을 관리하며 200명 이상의 기관 투자자를 위해 1,300건 이상의 거래에서 390억 달러의 자본을 배치했습니다. 캐슬레이크는 현재의 독립성, 거버넌스 및 리더십 구조를 유지하며, 로리 오닐(Rory O'Neill)이 이사회 의장, 에반 캐러더스(Evan Carruthers)가 CEO 및 CIO로 활동합니다.
Brookfield Asset Management (NYSE: BAM, TSX: BAM) a conclu un partenariat stratégique de 1,5 milliard de dollars avec Castlelake L.P., un gestionnaire d'investissements alternatifs mondial. L'accord prévoit que Brookfield acquière une participation de 51 % dans les revenus liés aux frais de Castlelake et que Brookfield Wealth Solutions s'engage à investir dans les stratégies et fonds de Castlelake. Fondée en 2005, Castlelake est spécialisée dans le crédit privé basé sur des actifs, y compris l'aviation et la finance spécialisée. La société gère environ 24 milliards de dollars d'actifs pour plus de 200 investisseurs institutionnels et a déployé 39 milliards de dollars de capital dans plus de 1 300 transactions à l'échelle mondiale. Castlelake conservera son indépendance, sa gouvernance actuelle et sa structure de leadership, avec Rory O'Neill en tant que président exécutif et Evan Carruthers en tant que PDG et CIO.
Brookfield Asset Management (NYSE: BAM, TSX: BAM) hat eine strategische Partnerschaft im Wert von 1,5 Milliarden Dollar mit Castlelake L.P. abgeschlossen, einem globalen alternativen Anlageverwalter. Das Geschäft umfasst die Übernahme eines 51% Anteils an den gebührenbezogenen Einnahmen von Castlelake durch Brookfield, sowie das Engagement von Brookfield Wealth Solutions, in die Strategien und Fonds von Castlelake zu investieren. Castlelake, gegründet im Jahr 2005, spezialisiert sich auf kreditbasierte private Vermögenswerte, einschließlich Luftfahrt und Spezialfinanzierung. Das Unternehmen verwaltet ungefähr 24 Milliarden Dollar an Vermögenswerten für über 200 institutionelle Investoren und hat weltweit 39 Milliarden Dollar an Kapital in mehr als 1.300 Transaktionen eingesetzt. Castlelake wird seine Unabhängigkeit, die aktuelle Governance und die Führungsstruktur beibehalten, wobei Rory O'Neill als Executive Chair und Evan Carruthers als CEO und CIO fungiert.
- Brookfield acquires 51% stake in Castlelake's fee-related earnings
- $1.5 billion strategic partnership with Brookfield Asset Management
- Brookfield Wealth Solutions commits to invest in Castlelake's funds and strategies
- Castlelake manages approximately $24 billion in assets
- Castlelake retains majority ownership of its performance-related earnings
- None.
Insights
This strategic partnership marks a significant shift in Brookfield's asset management landscape. The $1.5 billion deal, including a
Castlelake's $24 billion in assets under management and track record of $39 billion capital deployment across 1,300+ transactions provide Brookfield with immediate scale in specialized asset-based investments. This could lead to improved financial performance and increased shareholder value for Brookfield in the medium to long term.
The partnership between Brookfield and Castlelake is a strategic move that could reshape the alternative investment landscape. By combining Brookfield's global reach with Castlelake's expertise in asset-based investments, particularly in aviation and specialty finance, the deal creates a formidable player in these niche markets.
Investors should note the potential for synergies and cross-selling opportunities between the two firms' client bases. With over 200 diverse institutional investors already in Castlelake's portfolio, this partnership could lead to increased market share and enhanced product offerings, potentially driving growth for both entities in the competitive asset management sector.
The structure of this deal is noteworthy from a legal perspective. Brookfield's
This arrangement could provide Brookfield with steady income streams while incentivizing Castlelake's management to continue driving performance. Investors should be aware that such structures can sometimes lead to conflicts of interest or governance challenges, though the retention of Castlelake's current leadership and governance structure mitigates some of these risks.
Brookfield Asset Management acquires
In a joint statement, co-founders of Castlelake, Rory O'Neill and Evan Carruthers said, "We're thrilled to begin realizing our partnership with Brookfield and the incremental value that it will bring to our firm, clients and employees. Castlelake and Brookfield are aligned in approach and values and complement each other in expertise and experience. We believe that being a part of Brookfield will help accelerate Castlelake's innovation and scale our platform while preserving the expertise and focused approach that has made our firm unique for so many years."
Craig Noble, CEO of Brookfield Credit said, "We're pleased to formally begin our strategic partnership with Castlelake and bring its asset-based investment capabilities into the Brookfield ecosystem. We look forward to working with Castlelake to meet the growing demand for compelling, asset-based opportunities and to supporting the firm's continued growth."
Castlelake was founded in 2005 by O'Neill and Carruthers and is one of the longest-tenured investment firms in the market that specializes in asset-based investments. Its experience entails 19 years of execution and
Castlelake will continue to operate its business independently, retaining its current governance and leadership structure, including O'Neill as Executive Chair and Carruthers as Chief Executive Officer and Chief Investment Officer. It will retain majority ownership of its performance-related earnings.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with approximately
For more information, please visit our website at https://bam.brookfield.com.
About Brookfield Credit
Brookfield Credit manages approximately
About Castlelake
Castlelake, L.P. is a global alternative investment manager focused on asset-based investments in the private specialty finance, real assets and aviation markets. Founded in 2005, Castlelake manages approximately
Brookfield Contact Information: | |
Communications & Media: | Investor Relations: |
Rachel Wood | Jason Fooks |
Tel: (212) 618-3490 | Tel: (212) 417-2442 |
Email: rachel.wood@brookfield.com | Email: jason.fooks@brookfield.com |
Castlelake Media Relations: | |
Molly Blemker | |
Tel: (612) 851-3083 | |
Email: molly.blemker@castlelake.com | |
Josh | |
Tel: (212) 279-3115 | |
Email: jclarkson@prosek.com / rmarin@prosek.com / media.relations@castlelake.com | |
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SOURCE Castlelake
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