Castlelake Provides Financing Facility to 118 118 Money

Castlelake, L.P. ("Castlelake"), a global alternative investment manager focused on asset-rich opportunities in private markets, today announced that it reached an agreement to provide financing, through its funds and entities, to 118 118 Money for the origination of a portfolio of approximately £200 million in new consumer credit accounts.  

Founded in 2013 to address the need for credit solutions among near prime consumers, 118 118 Money is a UK-based financial services company focused on providing high-integrity products that help consumers embrace and strengthen good financial habits. Since 2015, Castlelake has invested approximately $3 billion in specialty finance opportunities, including financing or acquiring more than 5 million consumer receivable accounts.

This Website Uses Cookies

We use cookies and similar web technologies to recognize your repeat website visits and preferences and to analyze traffic. To learn more about cookies, including steps for disabling, view our Privacy Policy. By clicking a button on this banner, you consent to the use of cookies unless you disable them.