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Brookfield to invest in private credit manager Castlelake

The amount of capital to be invested will be about $1.5 billion, including capital to be invested in Castlelake’s investment strategies by Brookfield Reinsurance.

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  • The deal is expected to close in the third quarter of 2024
  • Castlelake was founded in 2005 by Rory O’Neill and Evan Carruthers
  • Based in Toronto, Brookfield Asset is a global alternative asset manager with more than $900 billion of assets under management

Brookfield Asset Management has agreed to acquire a 51 percent stake in the fee-related earnings of Castlelake, a Minneapolis-based alternatives asset manager specializing in asset-based private credit including aviation and specialty finance.

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