#USA #Minneapolis #Investment #Castlelake #Aviation Fund

Castlelake Raises Over $2 Billion for Aviation Strategies

Castlelake L.P., a distinguished global alternative investment manager with two decades of asset-based investment expertise, has announced a significant milestone: they have successfully closed their fifth aviation fund, known as Castlelake Aviation V Stable Yield L.P., garnering over $2 billion in capital commitments. This achievement includes contributions from both new and existing investors, comprising a diverse array of global institutions such as pension funds, sovereign wealth funds, and endowments.

Evan Carruthers, the Chief Executive Officer and Chief Investment Officer of Castlelake, expressed gratitude for the commitment from investors towards Castlelake Aviation V. He emphasized that the firm's extensive experience and innovation in the aviation sector have positioned them uniquely to address the ongoing shortage of flexible alternative capital, particularly in aviation - a sector simultaneously facing a chronic undersupply of aircraft.

The newly raised funds will be utilized strategically to provide access to high-quality, cash-flowing aviation assets alongside secured aviation debt. With this latest fund, Castlelake aims to create attractive risk-adjusted returns for its investors, in line with its established approach to aviation investments.

Since its inception in 2005, Castlelake has invested over $21 billion in aviation opportunities. Castlelake Aviation V stands out as the largest dedicated aviation fund to date for the company, showcasing its commitment to the aviation market by leveraging a full spectrum of capabilities. From in-house capital markets expertise to technical asset management, Castlelake strives to be a holistic partner for aviation industry participants, all while providing investors with appealing risk-adjusted exposure.

In its recent aviation operations, Castlelake has made notable strides, including the issuance of its ninth aircraft asset-backed securitization and various high-profile loan agreements. This includes a $740 million term loan for Abra, $400 million in financing for Virgin Atlantic Airways, and a massive $1 billion term loan facility aimed at further expanding Castlelake’s investment in much-demanded aviation assets.

About Castlelake

Founded in 2005, Castlelake L.P. specializes in asset-based investments across private specialty finance, real assets, and aviation markets. Managing approximately $25 billion in assets, Castlelake caters to a varied global investor base while employing a team of over 220 professionals, including 80 investment experts across multiple locations in North America, Europe, and Asia. For further information, visit their website at www.castlelake.com.

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