Insights

Castlelake announced thatit reached an agreement to provide financing, through its funds and entities, to Cherry Technologies Inc., a payment solutions company that enables medical practices to offer treatment financing plans to their patients.

Castlelake and Oportun announced the entry into a new $400 million whole loan flow sale agreement between the companies. Under the terms of the deal, Oportun is expected to sell Castlelake $400 million of personal loan production originated by Oportun over the next 12 months.

Castlelake Co-CEO Evan Carruthers recently joined Noel Hebert and Sam Geier on the Bloomberg Intelligence FICC Focus podcast to discuss the current landscape for asset-based private credit. In the episode, Evan covers the trends that are defining the aviation finance environment, how Castlelake approaches consumer financing and how to make strategies adaptable across market cycles.

The private credit market has seen significant growth over the last few years and has the potential to nearly double in size again by 2027. At Castlelake, we believe that this proliferation has led to overcrowding in corporate direct lending – but that asset-based private credit has only just begun its period of expansion. Our newest whitepaper dives into these market dynamics to discuss why asset-based private credit is poised for growth, how it differs from corporate direct lending, and what benefits it may offer to those looking to diversify their private credit allocations.

Castlelake announced it reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart (NASDAQ: UPST (https://www.prnewswire.com/news-releases/castlelake-reaches-purchase-agreement-for-up-to-4-billion-of-consumer-installment-loans-originated-on-upstarts-platform-301824322.html?tc=eml_cleartime#financial-modal) ), an artificial intelligence (AI) lending marketplace.

Castlelake announced  that Evan Carruthers, Chief Investment Officer, has been appointed the additional role of Co-Chief Executive Officer alongside Rory O’Neill, who has assumed the title of Executive Chair and Co-Chief Executive Officer. Additionally, Yen-Wah Lam has been promoted to Chief People Officer and President.  

Castlelake announced the full repayment of Castlelake Aircraft Securitization Trust 2016-1 (“CLAS 2016-1”), an aircraft-backed securitization (“ABS”) originally issued by Castlelake in 2016.

Castlelake has agreed to provide a facility of up to £100m to TradeBridge.

Castlelake announced the full repayment of Castlelake Aircraft Securitization Trust 2015-1R (“CLAS 2015-1R”), an aircraft-backed securitization (“ABS”) originally issued by Castlelake in 2015 and refinanced in 2019.

Castlelake announced that  it reached an agreement to provide financing, through its funds and entities, to Marco, a tech-enabled trade financing platform built for small and medium-sized businesses.