Castlelake Completes Sale of $1.2B Consumer Credit Receivables Portfolio

Castlelake, L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, today announced the sale of a $1.2 billion unpaid principal balance portfolio consisting of non-prime consumer credit receivables to an alternative investment firm.

The consumer credit receivables were originated via private label retail credit cards issued by a leading consumer retail company. Castlelake acquired the portfolio of private label credit card receivables in March 2021, and actively managed it through a volatile environment in an effort to stabilize and de-risk the assets in the portfolio.

Since 2015, Castlelake has invested $3 billion in specialty finance opportunities, including acquiring more than 3,500 commercial and industrial loans and financing or acquiring more than five 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.