Minneapolis' Castlelake investment firm getting $1.5B infusion from Canadian global asset manager [Yahoo! Finance]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Yahoo! Finance
The deal with Brookfield Asset Management, a global investment firm with over $900 billion in assets under management, is expected to close by the end of the third quarter. Chief Executive Evan Carruthers and Managing Director Rory O'Neill, both former Cargill investment professionals, founded Castlelake as an alternative investment firm in 2005. Since then, Castlelake has grown to 220 employees and has $22 billion in assets that it invests on behalf of 200 institutional investors. Brookfield is set to acquire 51% interest in Castlelake's fee-related earnings and invest in the firm's funds and strategies. Castlelake specializes in the private credit sector, most notably in aviation, specialty finance and real assets. The deal is expected to close in the third quarter. "In Brookfield, we believe we have found a like-minded partner that values experience and specialized expertise, and takes a disciplined, yet creative approach to delivering value for investors," Carruthers and O'
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BN
Earnings
- 5/9/24 - Miss
BN
Sec Filings
- 5/22/24 - Form F-10
- 5/22/24 - Form F-X
- 5/22/24 - Form F-10
- BN's page on the SEC website