Castlelake is pleased to announce its participation in a $235 million debt refinancing solution with mission-driven fintech, Oportun. This creative financing solution build’s on Castlelake and Oportun’s longstanding relationship and will support Oportun as it continues to execute on its growth strategy.
Castlelake is an experienced investor in the consumer credit sector, having both acquired assets and provided asset-based private credit since 2015. The firm has invested more than $14 billion in such opportunities since that time and originated or acquired more than 20 million consumer receivable accounts.
Read more about the transaction in the official announcement here: https://www.globenewswire.com/news-release/2024/10/29/2971318/0/en/Oportun-Announces-Next-Step-to-Optimize-Capital-Structure-and-Drive-Improved-Profitability.html