Brookfield Asset Management seeks to acquire Castlelake

Brookfield Asset Management is currently negotiating to acquire a majority stake in global private investment firm Castlelake with an investment of more than $1.5bn, reports the Financial Times, according to people briefed on the matter. Castlelake has previously provided financing for a number of airlines including Scoot, Condor, IndiGo and United Airlines; the latter provided through Castlelake’s Aviation Lending Program and secured by four Boeing 787-9 aircraft with an appraised value of more than $540 million. Canadian multinational alternative investment management company Brookfield Assert Management has over $850bn in assets under management, noting that it puts its ‘own capital to