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

Polar Asset Management Partners Acquires Castlefield Associates

May 15, 2025

Financial Services

Toronto-based Polar Asset Management Partners has acquired Castlefield Associates, a Toronto quantitative relative-value futures hedge fund manager founded in 2019 by Chris Schindler. The deal brings Castlefield’s systematic relative-value strategy and team onto Polar’s platform as Polar looks to build a new systematic strategy vertical complementary to its existing multi-strategy offerings.

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.

Avolon Acquires $5B, 118-Aircraft Portfolio from Castlelake

September 13, 2024

Transportation

Avolon has agreed to buy a $5 billion, 118-aircraft portfolio from Castlelake L.P., acquiring the fleet held in Castlelake Aviation Limited. The purchase, which Castlelake says will allow it to reinvest proceeds into new opportunities, is expected to close in Q1 2025 and will expand Avolon’s fleet and cashflow profile.

Castle Creek Capital Acquires $40M Equity Stake in FirstSun Capital Bancorp

December 4, 2025

Financial Services

Affiliates of Castle Creek Capital acquired $40 million of common stock in FirstSun Capital Bancorp from legacy stockholders, becoming one of the company's largest institutional shareholders with roughly a 4% stake. The investment is intended to support FirstSun as it pursues a proposed merger with First Foundation Inc. and Castle Creek expects to join the company's board subject to regulatory and closing conditions.

Clearlake Capital Acquires Majority Stake in WhiteStar Asset Management

June 24, 2020

Financial Services

Clearlake Capital Group has acquired a majority stake in WhiteStar Asset Management from Pine Brook Capital Partners, partnering with WhiteStar's management team led by CEO Gibran Mahmud. The deal expands Clearlake's credit platform—bringing combined assets under management to approximately $24 billion—and positions WhiteStar to accelerate growth in CLOs and credit strategies.

Clearlake, Charlesbank and Fortress Lead Recapitalization of LEARFIELD

September 13, 2023

Media & Entertainment

LEARFIELD closed a comprehensive deleveraging and recapitalization transaction that reduced its outstanding debt by over $600 million and secured $150 million of new equity. The company's majority ownership is now comprised of lead capital providers Clearlake Capital Group, Charlesbank Capital Partners, and funds managed by affiliates of Fortress Investment Group, strengthening LEARFIELD’s balance sheet and funding continued growth across its media and technology businesses serving college athletics.