Brookfield Asset Management and Castlelake to Enter into Strategic Partnership
BAMBrookfield Asset Management .(BAM) Newsfilter·2024-05-06 19:00

BROOKFIELD NEWS, May 06, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield") and Castlelake L.P. ("Castlelake"), an alternatives asset manager specializing in asset-based private credit including aviation and specialty finance, today announced that they have entered into an agreement whereby Brookfield will acquire a 51% stake in Castlelake's fee-related earnings. The amount of capital to be invested will be approximately $1.5 billion, including capital to be invested in ...