Asset-based private credit firm Castlelake has appointed Luke Jackson and Betsy Sylvester to partner.

Jackson joined Castlelake in 2019 and leads the firm’s residential mortgage finance investment activities. He oversees residential transitional loans, non-qualified mortgages, prime jumbo loans, mortgage servicing rights and small-balance multifamily loans. He previously also served in Castlelake’s specialty finance team.

Read more: Castlelake buys majority stake in US residential lending platforms

Meanwhile Sylvester, who also joined Castlelake in 2019, leads the firm’s global client management strategy. As partner capital formation, she will ensure the delivery of Castlelake’s high-quality client experience and support strategic relationships through tailored solutions. Prior to joining Castlelake, Sylvester held client advisory and private wealth roles in the investment management and investment banking industries, and began her career in the nonprofit sector.

Read more: Castlelake backs Funding Circle with £500m for UK SMEs

“The path to partnership at Castlelake represents a robust and rewarding way to ensure our firm’s future and its ability to provide differentiated value to our stakeholders,” said Evan Carruthers, Castlelakes’ chief executive.

Founded in 2005, Castlelake manages $40bn (£30.2bn) assets and employs approximately 260 professionals, across eight offices in North America, Europe, the Middle East and Asia.

Read more: Upstart signs $4bn forward-flow agreement with Castlelake