{"url":"https://nivawealth.com/firms/castlelake-145165","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/145165","regulatoryAum":35287534891,"crd":"145165","secFileNumber":"801-72310","legalName":"Castlelake, L.P.","displayName":"Castlelake","website":"https://www.castlelake.com","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"250 Nicollet Mall, Suite 900","city":"Minneapolis","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55401-7546"},"tradeNames":[],"registration":{"secApproved":"7 June 2011","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":251,"advisory":98,"brokerDealerReps":0,"insuranceAgents":0,"promoters":4},"aum":{"discretionary":35287534891,"discretionaryAccounts":50,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":26,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":46,"regulatoryAum":35074308545},{"label":"Insurance companies","clients":1,"regulatoryAum":100000000},{"label":"Corporations and other businesses","clients":2,"regulatoryAum":51737558},{"label":"Other","clients":1,"regulatoryAum":61488788}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Castlelake has custody of $31.79B for 44 clients.","otherCustodians":[],"leadership":[{"name":"Evan Carruthers","title":"Chief Executive Officer, Chief Investment Officer","crd":"4495971"},{"name":"Yen-Wah Lam","title":"President; Chief People Officer","crd":"7895814"},{"name":"Brad Farrell","title":"Chief Operating Officer","crd":"7152863"},{"name":"Maria Romolo","title":"Chief Compliance Officer & Managing Counsel","crd":"4924084"},{"name":"Daniel McNally","title":"General Counsel","crd":"5245155"},{"name":"Rory O'Neill","title":"Executive Chair","crd":"5591081"}],"ownership":[{"label":"Ro Management, LP","detail":"Limited partner in the 75% or more ownership band and a control person, since December 2005."},{"label":"Castlelake Group Topco, L.P.","detail":"Indirect owner: a limited partner of Ro Management, LP in the 75% or more band and a control person, since December 2020. Also member of Ro Management, LLC and a control person, since September 2024.","parent":"Ro Management, LP"},{"label":"Castlelake Group GP, LLC","detail":"Indirect owner: general partner of Castlelake Group Topco, L.P. and a control person, since December 2020. Also general partner of Castlelake Group Holdings, L.P. and a control person, since December 2020.","parent":"Castlelake Group Topco, L.P."},{"label":"The Bevaring Revocable Trust","detail":"Indirect owner: a limited partner of Castlelake Group Holdings, L.P. in the 25% to 50% band and a control person, since December 2020.","parent":"Castlelake Group Holdings, L.P."},{"label":"Castlelake Group Holdings, L.P.","detail":"Indirect owner: a limited partner of Castlelake Group Topco, L.P. in the 50% to 75% band and a control person, since December 2020.","parent":"Castlelake Group Topco, L.P."},{"label":"Ro Management, LLC","detail":"Indirect owner: general partner of Ro Management, LP and a control person, since December 2005.","parent":"Ro Management, LP"},{"label":"The Rory O'Neill Revocable Trust","detail":"Indirect owner: a limited partner of Castlelake Group Holdings, L.P. in the 25% to 50% band and a control person, since December 2020. Also a member of Castlelake Management Aggregator, LLC in the 75% or more band and a control person, since December 2022.","parent":"Castlelake Group Holdings, L.P."},{"label":"Rory O'Neill","detail":"Indirect owner: trustee of The Rory O'Neill Revocable Trust and a control person, since March 2006. Also board member of Castlelake Group GP, LLC and a control person, since September 2024. Also a managing member of Castlelake Management Aggregator, LLC in the 75% or more band and a control person, since December 2022.","parent":"The Rory O'Neill Revocable Trust"},{"label":"Evan Carruthers","detail":"Indirect owner: trustee of The Bevaring Revocable Trust and a control person, since September 2013. Also board member of Castlelake Group GP, LLC and a control person, since September 2024. Also managing member of Castlelake Management Aggregator, LLC and a control person, since January 2026.","parent":"The Bevaring Revocable Trust"},{"label":"Castlelake Management Aggregator, LLC","detail":"Indirect owner: a member of Castlelake Group GP, LLC in the 75% or more band and a control person, since December 2020.","parent":"Castlelake Group GP, LLC"},{"label":"Brookfield CL Holdings, LLC","detail":"Indirect owner: a limited partner of Castlelake Group Topco, L.P. in the 25% to 50% band and a control person, since September 2024.","parent":"Castlelake Group Topco, L.P."},{"label":"Brookfield US Inc.","detail":"Indirect owner: a shareholder of Brookfield CL Holdings, LLC in the 75% or more band and a control person, since September 2024.","parent":"Brookfield CL Holdings, LLC"},{"label":"Brookfield US Holdings, Inc.","detail":"Indirect owner: a shareholder of Brookfield US Inc. in the 75% or more band and a control person, since November 1994.","parent":"Brookfield US Inc."},{"label":"Brookfield Asset Management Ulc","detail":"Indirect owner: a shareholder of Brookfield US Holdings, Inc. in the 75% or more band and a control person, since December 2022.","parent":"Brookfield US Holdings, Inc."},{"label":"Brookfield Asset Management LTD.","detail":"Indirect owner: a shareholder of Brookfield Asset Management Ulc in the 25% to 50% band and a control person, since December 2022.","parent":"Brookfield Asset Management Ulc"},{"label":"Brookfield Corporation","detail":"Indirect owner: a shareholder of Brookfield Asset Management Ulc in the 50% to 75% band and a control person, since December 2022.","parent":"Brookfield Asset Management Ulc"},{"label":"Yen-Wah Lam","detail":"Indirect owner: board member of Castlelake Group GP, LLC and a control person, since September 2024.","parent":"Castlelake Group GP, LLC"},{"label":"Craig Noble","detail":"Indirect owner: board member of Castlelake Group GP, LLC and a control person, since September 2024.","parent":"Castlelake Group GP, LLC"},{"label":"Hadley Peer Marshall","detail":"Indirect owner: board member of Castlelake Group GP, LLC and a control person, since March 2026.","parent":"Castlelake Group GP, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":8,"privateResidences":1},"listedOfficeAddresses":3,"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"250 Nicollet Mall, Suite 900","city":"Minneapolis","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"65 East 55th Street","city":"New York"}]},{"state":"Texas","offices":1,"addresses":[{"street":"100 Crescent CT","city":"Dallas"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"612-851-3000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Other","percent":100,"detail":"Interests in Private Credit Instruments"}],"privateFunds":46},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/145165/PDF/145165.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Castlelake have?","answer":"Castlelake has 50 clients and manages $35.3 billion for them, as of March 2026. They include 46 pooled investment vehicles, 2 corporations and other businesses and 1 insurance companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Castlelake offer?","answer":"Castlelake provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Castlelake have?","answer":"Castlelake has 0 investment adviser representatives registered with state securities authorities, out of 251 employees, and 98 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Castlelake invest in?","answer":"At the end of its last fiscal year, Castlelake’s separately managed accounts held 100% interests in private credit instruments. It advises 46 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Castlelake?","answer":"Castlelake is owned through a chain of holding companies by Rory O'Neill, Castlelake Management Aggregator, LLC, Brookfield Asset Management LTD. and Brookfield Corporation. Its direct owner is Ro Management, LP (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Castlelake get paid?","answer":"Castlelake is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}