The world’s largest and most sophisticated asset management firms regularly turn to Paul, Weiss’s Asset Management M&A Group for their most complex and pivotal transactions. Drawing on our premier M&A and investment funds teams, we seamlessly execute transformational mergers, acquisitions, GP stakes transactions, minority investments and strategic partnerships.
Brookfield Asset Management Completes $1.5 Billion Strategic Partnership With Castlelake
- Client News
- September 17, 2024
Paul, Weiss advised Brookfield Asset Management in its $1.5 billion strategic partnership with Castlelake L.P., an alternative asset manager specializing in asset-based investments in the private specialty finance, real assets and aviation markets. Under the terms of the deal, Brookfield acquired a 51% stake in Castlelake’s fee-related earnings and Brookfield Wealth Solutions committed to invest in Castlelake’s investment strategies and private funds.
Castlelake will continue to operate its business independently, retaining current governance and leadership structure.
The Paul, Weiss team was led by M&A partners Ted Ackerman, Cullen Sinclair and Erika Detjen, and investment funds partners Marco Masotti and Bradley Brown, and included investment funds partners Lindsey Wiersma, Aaron Schlaphoff and Andrew Day and counsel Arik Hirschfeld and Marc Palumbo; tax partners Reuven Garrett and Scott Sontag; intellectual property partner Chuck Googe; finance partner Suhan Shim; executive compensation partner Lawrence Witdorchic and counsel Jake Glazeski; litigation partner Mark Mendelsohn and counsel Pietro Signoracci; corporate counsel Nathan Mitchell; and environmental counsel William O’Brien.