Castlelake Income Opportunities II completes $782m final close

Castlelake, a global alternative investment manager focused on investments in real assets, specialty finance and aviation, has completed the final closing of its Castlelake Income Opportunities II (CIO II) with $782 million of capital commitments.

CIO II is an asset-based private credit product focused on asset-based investments, such as stabilized commercial real estate in Europe and transitional bridge lending in North America, specialty finance solutions for small and medium-sized businesses and consumer finance providers, and secured aviation-related lending. The vehicle already has deployed $333 million across several investment opportunities spanning real assets, specialty finance and aviation.

CIO II succeeds Castlelake’s 2018 vintage fund, which closed in 2020 with $456 million of commitments. Expanding upon that strategy, CIO II will seek to generate attractive risk-adjusted returns with less correlation to and less volatility than the public markets by inve