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 work in virtually every transaction, aligning interests with [its] partners and investors, and bringing the strengths of [its] operational expertise, global reach and large-scale capital to bear in everything [it does]’.
Airline Economics reached out to both parties, with Brookfield declining to comment on the story.
Brookfield Asset Management seeks to acquire Castlelake
