Brookfield Asset Management in advanced talks to acquire a majority stake in Castlelake for over $1.5B.

Brookfield Asset Management is reportedly in advanced talks to acquire a majority stake in private credit manager Castlelake for over $1.5 billion. Castlelake, based in Minneapolis, manages approximately $22 billion and focuses on real assets, specialty finance, and aircraft investing. The deal, which could still fall through, would involve Brookfield investing over $1.5 billion in the firm.