Castlelake

The past few months at Castlelake have involved a lot of teamwork and connection with causes outside our four walls. From building generators with Footprint Project in Minneapolis to racing the grueling Hell & Back in Dublin to benefit Orbis International, and even tackling a challenging 30km trek in support of Great Ormond Street Hospital Charity in London, the Castlelake values of Winning Together and Honoring Stakeholders have been on display. We’re proud of our global team’s engagement!

“The investment management sector is one that has historically had a narrow demographic. We hope to play a part in expanding the talent pool and we believe that partnering with the Foundation helps us to work towards this goal.” - Castlelake We’re excited to spotlight Castlelake who joined The 10,000 Interns Foundation as a Premier Member this year. Castlelake’s DEI Committee was established in 2018 with the purpose of identifying and  pursuing opportunities that enhance diversity of thought and promote an inclusive work environment.  As a Premier Member, Castlelake not only strives to meet its own DEI objectives but also supports our mission beyond internships, allowing us to build our ever growing capabilities and capacity. Find out more about out Corporate Membership Scheme here: https://lnkd.in/eZB46Ur2

Castlelake was pleased to share its perspective as a capital solutions provider to the UK lending market in a new survey published by Interpath Advisory and The Bridging & Development Lenders Associations. 

Isaiah Toback, Deputy Co-Chief Investment Officer, sat down with Private Debt Investor for their Specialty Finance Report to discuss the opportunity for lenders such as Castlelake to support small businesses by providing asset-based loans, as well as his views on how the macroeconomic environment and tighter credit underwriting are leading to interesting consumer lending opportunities. Read the full report here: https://lnkd.in/e5ryNCha

We're thrilled to continue our partnership with Castlelake to ensure a resilient supply of capital to expand access to affordable credit. https://prn.to/4ctzyYh

Castlelake is delighted to have our talented 2024 intern class officially on board for the summer. This year, Castlelake’s Minneapolis office is hosting its second cohort of interns from the Dougherty Family College, alongside interns from the broader University of St. Thomas community. Additionally, Castlelake’s London office welcomed its fourth cohort of interns from 10,000 Black Interns. By forging even stronger relationships with these programs, we aim to foster greater access to opportunity within the investment management industry and contribute to the development of the future’s leading talent!  

The asset-based private credit market is gaining a lot of attention, but in our view there’s still limited consensus around what assets and opportunities it comprises. To help shed some light on this hot topic, we hosted an intimate group of investors in Saint Louis, Missouri, for a discussion about the core characteristics that make up the asset-based market, investment approaches, as well as differences between asset-based private credit in the U.S. and Europe. We look forward to hosting more small group discussions later this summer and fall. Thank you to those who participated.

“We think asset-based credit is probably one of the most ripe and persistent opportunities in the market today.”   Castlelake Deputy Co-Chief Investment Officer Isaiah Toback recently spoke with Private Debt Investor for their Mid-Market Lending Report to dive into what we believe to be a growing asset-based lending market and the factors we think are driving interest in the asset class. Isaiah discussed how this market compares to that of corporate direct lending, which segments Castlelake believes may present interesting opportunities and how investors seem to be approaching it. Read the full article here: https://lnkd.in/ehZyxWsw   #privatecredit #privatedebt #assetbased #lending #middlemarket

Building upon our existing relationship, Castlelake is pleased to announce a new joint venture with Samhällsbyggnadsbolaget i Norden AB (SBB), wherein Castlelake will provide approximately EUR €489 million in financing to facilitate the recapitalization of a portfolio of social infrastructure assets in Sweden. Read the press release here: https://lnkd.in/eMetvbTg #infrastructure #assetbased #lending #privatecredit

MY LATEST: A Q&A with the CEO of Castlelake. Asset-based lender Castlelake is selling a majority stake in itself to publicly traded Brookfield Asset Management, making it the latest private credit specialist to align itself with a larger global asset manager. The Minneapolis-based firm has agreed to sell a majority stake in itself to Brookfield, which is investing around $1.5 billion, both to acquire the management company stake and in commitments to Castlelake funds, according to Castlelake Chief Executive and Managing Partner Evan Carruthers. Established in 2005, Castlelake has invested or committed more than $39 billion since its founding, according to the firm. The firm’s aviation strategy, including aircraft leasing and aviation infrastructure, accounts for the largest percentage of those assets with a total of $20 billion invested in such deals since the firm’s inception. However, the firm also manages investments in real assets, including real estate and infrastructure debt, as well as special finance, including consumer credit and other forms of asset-backed lending. https://lnkd.in/gsAdpbVF