Castlelake closes fund at $1 billion

Castlelake closes fund at $1 billion

Castlelake, the Minneapolis investment firm, has closed its dedicated Aviation fund at a hard cap of £1 billion.

This is the third dedicated aviation fund the firm has closed. The funding will help Castlelake’s rates of return and generate cash from its leasing portfolio of young mid-life aircraft.

Rory O’Neill, managing partner and CEO of Castlelake said: “In closing Castlelake Aviation III Stable Yield, the fund is capitalised to opportunistically invest in its differentiated younger mid-life aviation investment strategy. We are grateful for the support of our investors.”

In total, Castlelake has invested $4.7 billion in current assets and obligations, including 440 aircraft and 950 engines.

Alex Baldwin
By Alex Baldwin June 6, 2017 11:49