- Brookfield Asset Management is in advanced talks to acquire a majority stake in private credit manager Castlelake with an investment of more than $1.5 billion, the Financial Times reported on Thursday.
The deal would also see Brookfield make a large investment in Castlelake's funds, the report said, adding that talks between the companies are in the late stage and could still fall apart. Castlelake did not immediately respond to a Reuters request for comment, while Brookfield declined to comment on the FT report.
The deal comes at a time when the private capital groups have been struggling to raise funds, and investors in private equity funds are choosing to concentrate their investments with fewer, larger managers.Castlelake, an alternative investment firm, has about $22 billion in assets under management and invests in sectors such as specialty finance and aviation, according to the company website.
DETROIT -Ford said on Thursday it will begin shipping to North American dealers 144,000 of its redesigned F-150 and Ranger pickup trucks that it built but held back until now in an effort to head off quality problems. Ford said it also will restart shipments this month of F-150 Lightning electric trucks which it had halted in February. Ford this week cut prices of some variants of the Lightning by as much as $5,500.
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