# Castlelake: portfolio, investments and team > Castlelake is a private credit based in United States. 1 investment on record, latest Apr 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/castlelake (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Castlelake Filed with the SEC to raise a fund in Sep 2026, closing $1,987M. Last cheque observed Apr 2025. Quiet New fund $2.0B, Sept 2026 Private credit Debt Asset-based Private Credit Residential Mortgage Consumer Lending Cheques on record **0%** of best year **0** **cheques in 12 months**, 1 on record Since the last cheque **544** days **00** hrs **00** min **00** sec Median round **$93M** Rounds led **1 of 1** Sole investor **1 rounds** Pitch Castlelake ## Castlelake highlights - 01 1 rounds on record - 02 Mostly Debt: 100% of its rounds - 03 Sole investor in 1 rounds, median $93M ## What they do > Castlelake is a global alternative investment firm specializing in asset-based private credit From their own website - **Type:** Private credit - **Cheque size:** Not stated - **Sectors:** Asset-based Private Credit Residential Mortgage Consumer Lending - **Based in:** Minneapolis, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **1 appearances** - **2025** 1 round - **Apr** **[TradeBridge](https://millionrounds.com/company/tradebridge)** Debt · GB · Firms' own news pages **$93M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **7 named** BL **Brad Lee Farrell** Chief Operating Officer i Form ADV DJ **Daniel Joseph Mcnally** General Counsel i Form ADV EA **Evan Andrew Carruthers** Chief Executive Officer of Castlelake Opportunities Partners, LLC, the GP of the Issuer's GP i Filing they signed IT **Isaiah Toback** Deputy Co-CIO of Castlelake, L.P., inv. manager i Filing they signed MR **Maria Rose Romolo** Chief Compliance Officer & Managing Counsel i Form ADV RJ **Rory Joseph O'Neill** President of Castlelake Opportunities Partners, LLC, the general partner of the Issuer's general partner (""General Partner"") i Filing they signed YL **Yen-Wah Lam** President; Chief People Officer i Form ADV We also hold **78** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$35B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Castlelake, L.P. - **SEC number:** CRD 145165 Funds on its Form ADV **37** private funds, **$26B** in gross assets · filed Oct 2024 Private equity **29** Securitised assets **5** Hedge **3** - Castlelake V, L.P. *Private equity* 93 investors $4.5B - Castlelake Aviation IV Stable Yield, L.P. *Hedge* 33 investors $4.2B - Castlelake Aviation III Stable Yield, L.P. *Hedge* 40 investors $3.0B - Castlelake IV, L.P. *Private equity* 71 investors $1.6B - Castlelake Income Opportunities II, L.P. *Private equity* 36 investors $1.4B - Castlelake Opportunistic Asset Solutions VI, L.P. *Private equity* 22 investors $1.4B - Castlelake Aviation V Stable Yield, L.P. *Private equity* 21 investors $1.3B - Castlelake ARCH Opportunities, L.L.C. *Private equity* 1 investor $1.1B - CLM Aggregation Fund, L.P. *Private equity* 2 investors $979M - Castlelake III, L.P. *Private equity* 64 investors $642M And 27 more on the filing. Who backs their funds ## 2 LPs on record in Castlelake's funds - **Committed:** $600M - **Funds:** 5 - **Vintages:** 2012 to 2023 The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2026. - [**California State Teachers Retirement System** 4 funds *$500M*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed Castlelake V 2018 $200M Castlelake IV 2015 $150M Castlelake III 2014 $100M Castlelake II 2012 $50M - [**Minnesota State Board of Investments** 1 fund *$100M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed Castlelake Aviation V Stable Yield 2023 $100M New fund on file **$2.0B** raised in Sept 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Debt Median round joined **$93M** the round, not its cheque Alone, median **$93M** Led 1 of 1 rounds **100%** - **Sole investor:** 1 rounds - **Last cheque:** Apr 2025 Rounds by stage said on their site - Debt *1* Cheques by month Led Joined Nov 2023 Oct 2026 **Pitching Castlelake?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Castlelake put money into. [**TradeBridge** $93M · Apr 2025](https://millionrounds.com/company/tradebridge) ## Quick answers about Castlelake ### What does Castlelake invest in? Castlelake invests most often at Debt (100% of the rounds on record), in sectors such as Asset-based Private Credit, Residential Mortgage and Consumer Lending. ### How active is Castlelake? 1 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Apr 2025. ### What has Castlelake invested in recently? Its most recent investments on record: TradeBridge (Debt, Apr 2025). ### How big are Castlelake's cheques? The median round it joins is $93M. ### Is Castlelake investing now? No investments in the last 12 months; the latest was in Apr 2025. ### What kind of investor is Castlelake? Castlelake is a private credit firm based in Minneapolis, United States. ### How much does Castlelake manage? About $35B, as regulatory assets under management (Oct 2026). ### Has Castlelake raised a new fund? Its latest fund filing with the SEC was in Sept 2026, reporting $2.0B raised. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=castlelake) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=castlelake)