Brookfield, Castlelake enter $1.5bn tie-up

Brookfield Asset Management is acquiring a 51% stake in Castlelake’s fee-related earnings for about $1.5 billion, including funds to be invested in Castlelake’s investment strategies by Brookfield Reinsurance.    Founded in 2005 by Rory O’Neill and Evan Carruthers, Minneapolis-based Castlelake ...

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