Castlelake, L.P., a global private investment firm, has completed the final closing of Castlelake Aviation III Stable Yield, L.P., reaching its hard cap with USD 1 billion in capital commitments, the company said.
The fund received commitments from a diverse base of endowments, foundations, family offices, sovereign wealth, insurance companies, financial institutions and pension funds based in the U.S., Europe and Asia.
The fund was established to achieve risk-adjusted rates of return while generating cash flow from a diversified pool of younger mid-life aircraft on contractual operating leases. Castlelake will leverage its fully-integrated aviation platform comprised of aviation investment professionals, technical experts and asset management specialists.
Castlelake, L.P. is a global private investment firm focused on investments in alternative assets, sub-performing loans, dislocated industries and corporate special situations, and is an experienced leader in aircraft ownership and servicing. Castlelake´s team comprises more than 100 professionals with deep expertise, located in Minneapolis and London.
Castlelake manages private funds with approximately USD 10 billion in assets, on behalf of endowments, foundations, public and private pension plans, private funds, family offices, insurance companies and sovereign wealth funds.