Polar Asset Management Partners Acquires Castlefield Associates

Brookfield Acquires 51% Stake in Castlelake's Fee-Related Earnings

September 17, 2024

Financial Services

Brookfield Asset Management has completed a strategic partnership with Castlelake L.P., acquiring a 51% interest in Castlelake's fee-related earnings while Brookfield Wealth Solutions committed to invest in Castlelake's funds and strategies, bringing total committed capital to $1.5 billion. Castlelake will continue to operate independently, retaining its leadership and majority ownership of performance-related earnings. The transaction strengthens Brookfield's asset-based private credit capabilities and provides capital to scale Castlelake's platform.

Creative Planning Acquires Castle Wealth Advisors

April 27, 2021

Wealth Management

Creative Planning LLC acquired Indianapolis-based Castle Wealth Advisors, bringing approximately $320 million in assets under management and adding Castle’s business valuation capabilities to Creative Planning’s wealth management platform. Castle, founded in 1973 by Gary Pittsford, has offices in Indianapolis and Naperville, Illinois; the deal expands Creative Planning’s client base and service offering.

North Castle Partners Makes Strategic Investment in Sparx Hockey

June 9, 2020

Consumer Products

North Castle Partners, a consumer-focused private equity firm, announced a strategic investment in Sparx Hockey to support the fast-growing maker of the Sparx Skate Sharpener. The partnership will provide capital and operational support to accelerate Sparx's distribution, awareness and international expansion.

Tocqueville Asset Management Adds Poplar Forest Capital Team

February 21, 2025

Financial Services

Tocqueville Asset Management announced that the advisory team from Poplar Forest Capital (managing ~$1.3 billion in assets) will join Tocqueville, with Poplar Forest founder Dale Harvey becoming a shareholder and member of Tocqueville's management committee. Financial terms were not disclosed; the move is intended to expand Tocqueville's research and investment capabilities by integrating the Poplar Forest team's value-oriented asset management expertise.

MiddleGround Capital Acquires A.M. Castle & Co. and Combines It with Banner Industries

June 15, 2023

Industrial Services

MiddleGround Capital has acquired A.M. Castle & Co. (Castle Metals) and, via a $440 million continuation vehicle (MiddleGround Carbon CV, L.P.), combined Castle with its Banner Industries platform to create a larger specialty metals distribution and processing platform. The transaction brings Castle's global metals processing and distribution footprint together with Banner's precision bar and medical metals capabilities to expand capabilities, geographic reach and end-market exposure in aerospace, industrial and medical sectors.

PC Capital Invests in Polar (hospital platform)

October 1, 2023

Healthcare Services

PC Capital Development Fund II, L.P. completed an investment in Polar (Polar Salud), a platform that acquires and operates private hospitals across Latin America to provide affordable, high-quality care. The investment will support Polar’s organic and inorganic growth as a consolidator of hospital services, improving operations through centralized management and cost efficiencies.