Specialty Finance

Castlelake’s Specialty Finance team combines extensive industry relationships with data analysis to seek to identify opportunities to invest in a wide variety of specialty finance asset classes, including consumer credit across the risk spectrum, commercial credit opportunities such as small business credit and equipment finance and leasing, and other asset-backed/esoteric asset classes.

  • $4 Billion Invested in Specialty Finance Opportunities Since Inception
  • 17 Million consumer accounts acquired or originated

Significant investor in the global specialty finance arena

Since 2015, Castlelake’s Specialty Finance team has invested $4 billion in specialty finance opportunities, including originating more than 3.5 million consumer receivable accounts. Driven by what Castlelake sees as a capital constrained opportunity in the consumer and commercial credit market, Castlelake has increased its investment velocity in the specialty finance space in recent years. Areas of investment have included near-prime and sub-prime credit card portfolio acquisition, retail private label credit card/loan portfolio acquisition, consumer non-performing loans/consumer direct lending and small business credit origination.

Combining relationships and data to provide capital to dislocated opportunities in specialty finance asset classes

The Castlelake team believes that it has deep expertise in consumer specialty finance and small business commercial finance across the risk spectrum. We believe that the demand for credit and the apparent reduction of its availability has created a classic capital-starved situation in which Castlelake’s experience affords it the opportunity to stand out as an experienced capital provider.

We take a granular approach to underwriting this complex asset class that leverages significant data analytics. We believe that our approach generally results in selective investment criteria and comprehensive stress testing in order to potentially generate compelling risk-adjusted returns with downside protection.

Castlelake also employs a relationship-driven approach that we believe has resulted in a differentiated network of sourcing and servicing partners. This positions us to attempt to execute on a large pipeline throughout economic cycles.


Direct, long-standing relationships with sellers, servicers and third-party advisors, including regional, super-regional and money center banks.


A combination of both statistical analysis as well as credit-by-credit, asset-by-asset diligence, when appropriate, with an emphasis on analyzing charge-off rates, stressed scenarios and structural downside protection, and conducting qualitative assessments of management teams.


Asset-by-asset resolution tailored to each individual situation, with a preference for amicable outcomes.

Meet OurSpecialty FinanceTeam

  • John Lundquist
    Partner, North American Specialty Finance
  • Alex Curcio
    Managing Director, Specialty Finance
  • Lucas Jackson
    Managing Director, Specialty Finance
  • Aadit Prasad
    Managing Director, Specialty Finance
  • Nick Turgeon
    Managing Director, Specialty Finance
  • Mia Genereux
    Director, Specialty Finance
  • Chris McGarry
    Director, Specialty Finance

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