Aircraft investor Castlelake has raised a $1 billion fund to invest in younger midlife equipment.
While it is not known what the investment period is for the Castlelake Aviation III Stable Yield, it is likely that the Minneapolis-based investor will start identifying assets for purchase soon in order to put the capital to work.
"In closing Castlelake Aviation III Stable Yield, the fund is capitalised to opportunistically invest in its differentiated younger mid-life aviation investment strategy," says Rory O'Neill, managing partner and chief executive of Castlelake, in a statement.
The $1 billion of equity was raised from investors including endowments, foundations, family offices, sovereign wealth, insurance companies, financial institutions and pension funds based in the USA, Europe and Asia.
Source: Cirium Dashboard
