07:23 AM EDT, 05/06/2024 (MT Newswires) -- Brookfield Asset Management ( BAM ) and Castlelake said Monday they have signed an agreement in which Brookfield will acquire a 51% stake in Castlelake's fee-related earnings.

The amount of capital to be invested will be about $1.5 billion, including capital to be invested in Castlelake's investment strategies by Brookfield Reinsurance, the companies said.

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