Castlelake Closes Dedicated Aviation Fund

Castlelake has completed the final closing of Castlelake Aviation III Stable Yield, L.P., reaching its hard cap with $1 billion in capital commitments. The fund received commitments from a diverse base of endowments, foundations, family offices, sovereign wealth, insurance companies, financial institutions and pension funds based in the U.S., Europe and Asia. “In closing Castlelake Aviation III Stable Yield, the fund is capitalized to opportunistically invest in its differentiated younger mid-life aviation investment strategy,” said Rory O’Neill, managing partner and CEO of Castlelake. “We are grateful for the support of our investors.” The fund was established to achieve risk-adjusted rates