Brookfield Asset Management (Brookfield) has acquired a 51% stake in Castlelake’s fee-related earnings. Castlelake is an asset manager specialising in asset-based private credit including aviation and specialty finance. The amount of capital to be invested will be approximately $1.5bn, including capital to be invested in Castlelake’s investment strategies by Brookfield Reinsurance. The paid state that the partnership will allow Castlelake and Brookfield to collaborate and expand Castlelake’s differentiated asset-based investment business. “There is strong demand for Castlelake’s leading private credit strategies, and tremendous growth potential in the asset class,” said Craig Noble, CEO of Brookfield Credit. “We look forward to

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