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Laxman Pai, Opalesque Asia: The global alternative investment manager Castlelake has closed its second income opportunities fund, Castlelake Income Opportunities II (CIO II), with approximately $782 million in capital commitments.
CIO II, an asset-based private credit product, is the successor to Castlelake's 2018 vintage fund, which raised $456 million and closed in 2020, said a media release from the private investment firm with 17 years of experience investing in asset-rich opportunities.
The new vehicle will target asset-based investments, including commercial real estate in Europe. CIO II has already deployed $333 million across several attractive investment opportunities spanning real assets, specialty finance, and aviation, it said.
Rory O'Neill, Managing Partner and Chief Executive Officer of Castlelake said: "We believe that our extensive experience investing across economic cycles demonstrates our ability to be a capable steward of our limited partners' capital across market environments and we are honored to have the opportunity to continue building on that legacy with this Fund."
As per the release, expanding upon the strategy successfully deployed in the 2018 vintage fund, CIO II will seek to generate attractive risk-adjusted returns with less correlation to and less volatility than the public markets by investing in areas where Castlelake believes it has deep expertise and competitive advantages.
"The Fund is a private credit pro...................... To view our full article Click here
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