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MINNEAPOLIS, March 31, 2022 /PRNewswire/ — Castlelake, LP (“Castlelake”), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, today announced that it has appointed Joe McConnell and Isaiah Toback as Deputy Co-Chief Investment Officers and Brad Farrell as Chief Operating Officer.

Mr. McConnell and Mr. Toback currently hold portfolio management roles at Castlelake, overseeing the company’s Value and Aviation funds and Value and Income funds, respectively. As Deputy Co-CIOs, Mr. McConnell and Mr. Toback will continue to work closely with the Managing Partner and Chief Investment Officer (CIO) Evan Carruthers, lead and manage Castlelake’s global investment strategy across the risk-return spectrum and support the growth and development of its investment teams. They will continue to report to Evan Carrutherscollectively forming the IOC Bureau.

As Chief Operating Officer, Mr. Farrell’s title reflects his responsibilities for the financial, operational and administrative functions of Castlelake, including the governance and execution of the systems and processes that support our investment mandate. He previously served as Chief Financial Officer and will continue to report to Managing Partner and Chief Executive Officer, Rory O’Neill.

“We are delighted to recognize the experience, strategic skills and leadership that Joe, Isaiah and Brad bring to Castlelake,” said Rory O’Neill, Managing Partner and CEO of Castlelake. “As Castlelake looks to the future and explores broader opportunities to provide capital solutions to asset sellers and borrowers in asset-rich private markets, Joe, Isaiah and Brad bring the expertise and leadership necessary to advance our goals while maintaining a focus on the relationships our counterparties have come to know us for.”

“In addition to their distinguished individual backgrounds, Joe, Isaiah and Brad have demonstrated a steadfast personal commitment to the success, values ​​and fulfillment of our company’s investor-focused mission,” said Evan Carruthers, Managing Partner and Chief Investment Officer at Castlelake. “I am thrilled to continue my partnership with them as we realize the next chapter in Castlelake’s evolution and accelerate our growth.”

Joe McConnell – Partner, Deputy Co-Chief Investment Officer
Mr. McConnell joined the firm in 2007 and serves as Co-Deputy Chief Investment Officer. In this role, Mr. McConnell is responsible for guiding and executing the firm’s global investment strategy across all asset classes, overseeing the firm’s Value and Aviation fund portfolios, and supporting the growth and the development of its investment teams. He is also a voting member of the company’s Investment Review Committee and a director of Castlelake Aviation Ltd. and Castlelake’s plane securitizations. Mr. McConnell became a partner in the firm in 2017 and previously held portfolio management and investment roles, including co-head of the firm’s aviation and real assets businesses. before joining CastlelakeMr. McConnell worked at Piper Jaffray’s investment banking division. Mr. McConnell received his BSB in Finance and Accounting from the carlson School of Management University of Minnesotasumma cum laude.

Isaiah M. Toback – Partner, Deputy Co-Chief Investment Officer
Sir. To return to joined Castlelake in 2015 and is co-deputy chief investment officer. In this role, Mr. To return to is responsible for guiding and executing the firm’s global investment strategy across all asset classes, overseeing the firm’s value and income fund portfolios, and supporting the growth and development of its investment teams. He is also a voting member of the company’s Investment Review Committee. Sir. To return tobecame a partner of the firm in 2020 and previously held portfolio management and investment roles. He has particular experience in investments in dislocated industries and particular company situations, including company management renewable energies and freight forwarding strategies. before joining CastlelakeSir. To return towas an investment banker at Goldman Sachs where he was responsible for structured transportation financing , focusing on the aviation and shipping industries. Sir. To return to earned his bachelor’s degree in economics from Vanderbilt University. Sir. To return tospeaks conversational Spanish.

Brad Farrell – Partner, Chief Operating Officer
Mr. Farrell joined Castlelakein 2019 and is Deputy Chief Executive Officer. In this role, Mr. Farrell is responsible for internal and external reporting, all financial and operational aspects of investment structuring, execution and evaluation, and management company operations. Mr. Farrell also retains oversight of the company’s information and technology strategy and administrative functions and is a member of its investment review committee, among other governance roles. He became a partner with the firm in 2021. Mr. Farrell has approximately 22 years of professional experience in the financial services industry. before joining Castlelakehe served as Chief Financial Officer of Two Harbors Investment Society., where he was responsible for operations, treasury, tax, accounting and financial reporting. During his 7-year tenure as Chief Financial Officer, Mr. Farrell was also involved in the regulation and corporate governance of the organization, risk oversight, transaction structuring and execution, debt and capital formation, investor reporting, technology and talent management. Prior to investment in Two Harbors Society., Mr. Farrell has held various leadership and management positions within finance and accounting at GMAC ResCapXL Capital andKPMG. Mr. Farrell received his BSBA from Drake Universityin accounting. Mr. Farrell is a CPA (inactive).

About Castle Lake
Castlelake, LP is a global alternative investment manager focused on investments in real assets, specialty finance and aviation. Founded in 2005, Castlelake manages approximately $21 billion in assets. The Castlelake team includes more than 200 experienced professionals, including 89 investment professionals, across six offices in North America, Europe and Asia. For more information, please visit https://www.castlelake.com/.

Contact
Castlelake Media Relations
Molly Blemker
+1 612 851 3083
[email protected]

Prosek Partners for Castlelake
Josh Clarkson / Remy Marin
[email protected]
+1 212 279 3115

SOURCE Castlelake