Who We Are

Castlelake specializes in discovering and pursuing complex, asset-based opportunities in industries impacted by changing fundamentals and that have a lack of competing capital. We apply a differentiated investment approach to capital deployment across four distinct investment strategies: Aviation, Diversified Assets, Specialty Finance and Special Situations.

Castlelake, L.P. was founded in 2005 by Rory O’Neill and Evan Carruthers, innovators in alternative investing with nearly five decades of combined experience. In the 16 years since inception, we have invested $32 billion across 68 countries on behalf of our global investor base. Castlelake strives to unlock value and generate strong risk-adjusted returns by pairing discipline and consistency with a pioneering philosophy and willingness to underwrite complexity. We are motivated by the missions of our limited partners and guided by our core values of high integrity, investor focus, innovation and thoughtfulness.

Niche investments spanning the risk-return spectrum

Castlelake is focused on investments in niche and esoteric alternative assets, sub-performing loans, specialty finance and special situations, and is an experienced leader in aircraft ownership and servicing. Castlelake’s team is comprised of nearly 250 professionals across three continents who work to generate attractive, non-correlated returns by acting as a preferred liquidity provider in dislocated and complex opportunities.

Castlelake has created structural flexibility across its platform, allowing the firm to target assets across the risk spectrum. Our complementary product mix is designed to attempt to provide multiple levels of risk and offer granular portfolio diversification.

Preferred liquidity provider in complex opportunities

The Castlelake team prides itself on developing long-term relationships with sellers, buyers and other counterparties that are built on trust, fairness and transparency. We seek out opportunities to act as a preferred liquidity partner in dislocated assets and to unlock value from complicated situations. This focus on relationships provides us with a strong origination and investment management network that helps facilitate our niche yet global approach.

Our investment team spans six core offices and three continents and is fluent in more than 25 languages. In addition to strong origination and investment management partnerships, this global reach provides us with deep local market knowledge that informs granular underwriting and fundamental value analyses.

Our Values

We believe people are our most valuable asset and that investing in employees is integral to our firm’s success. We are dedicated to building a close-knit team of individuals who demonstrate our core values through the work they do every day.

  • High Integrity
  • Investor Focus
  • Innovation
  • Thoughtfulness

Disciplined capital deployment through market cycles

Castlelake manages assets on behalf of more than 180 endowments, foundations, public and private pension plans, private funds, family offices, insurance companies and sovereign wealth funds.

Our limited partners trust us to deliver strong fund performance through economic cycles. In addition to our comprehensive capital strategy, Castlelake has a deep bench of experienced investment professionals, with an average of 19 years of investing experience among senior professionals. Our team leverages the experience gained by investing through various economic cycles and dislocation to harness market disruption and capital competition. 

Castlelake will make Form 20 available to investors at their request.

Interested in joining the Castlelake Team?

We are always on the lookout for motivated and inquisitive individuals who share our core values.