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-Canada's Brookfield Asset Management will invest about $1.5 billion in U.S.-based private credit manager Castlelake, the companies said on Monday.
Private credit firms have become an increasingly popular source of capital for they do not face the tighter regulatory scrutiny as traditional lenders.This multi-trillion market has significant tailwinds that will help drive the growth of our $300 billion credit business over the next decade, Brookfield Credit CEO Craig Noble said in a statement.
Brookfield will acquire a 51% stake in Castlelake's fee-related earnings as part of the deal. FRE is used to assess an asset manager's ability to generate profits from revenues that are measured and received on a recurring basis. Minneapolis-based Castlelake, which specializes in asset-based private credit, will continue to operate its business independently and retain its current leadership structure.
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Canada's Brookfield to invest $1.5 billion in private credit manager CastlelakeAs part of the deal, Brookfield will also acquire a 51% stake in Castlelake's fee-related earnings (FRE). The private credit manager will continue to...
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Canada's Brookfield to invest $1.5 billion in private credit manager CastlelakeExplore stories from Atlantic Canada.
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Canada’s Brookfield to invest about $1.5-billion in private credit manager CastlelakeAs part of the deal, Brookfield will also acquire a 51% stake in Castlelake’s fee-related earnings
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Brookfield Asset Management in talks to acquire majority stake in CastlelakeBrookfield Asset Management is in advanced talks to acquire a majority stake in private credit manager Castlelake with an investment of more than $1.5 billion, according to the Financial Times. The deal would also involve a large investment in Castlelake's funds. Talks are in the late stage and could still fall apart.
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Brookfield Said in Talks to Acquire Majority Stake in CastlelakeBrookfield Asset Management is in advanced talks to buy a majority stake in private-credit manager Castlelake, according to people with knowledge of the matter.
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Brookfield Said in Talks to Acquire Majority Stake in Castlelake(Bloomberg) -- Brookfield Asset Management is in advanced talks to buy a majority stake in private-credit manager Castlelake, according to people with...
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