CRESTLINE FUND LIQUIDITY SOLUTIONS

 

Crestline’s Fund Liquidity Solutions Group (“Crestline FLS”) provides custom financing solutions to private equity, real estate and infrastructure funds and other private asset vehicles. We provide capital to support, grow and protect underlying portfolio companies, acquire new assets and support strategic initiatives at the management company and/or GP level. 

 

Why Crestline
  • Consistently recognized as a market leader
  • Dedicated investment team has completed > 35 deals
  • Experience across strategies, structures and jurisdictions
  • Discretionary funds earmarked for fund financing allows for speed and surety of capital

 

For more information, please contact David Philipp (dphilipp@crestlineinc.com), Amit Mahajan (amahajan@crestlineinc.com), or Bryan Fischer (bfischer@crestlineinc.com). 

 

INVESTMENT PARAMETERS

 

SIZE

  • $10mm - $250mm

TERM

  • 1-5 Years

GEOGRAPHIC FOCUS

  • Global
BORROWER PROFILE

  • Traditional Fund Structures, Evergreen Vehicles, Trust Companies, Family Offices

  • Mid-Market and LMM Buyout, Venture Capital, Growth, Real Estate, Infrastructure, Other
PORTFOLIO CHARACTERISTICS

  • Multiple remaining investments

  • Minority or majority shareholding

  • Debt or equity stakes in portfolio companies

 

STRUCTURE

 

  • Provide capital to a fund, management company or directly to one or more underlying companies (with fund-level guaranty)

  • Flexible Structure: Senior Debt or Preferred Equity

  • Flexible Interest: PIK, Cash

  • Flexible Principal Repayment: Amortizing or Contingent on exit of portfolio company

 

USE OF PROCEEDS

 

  • Support follow-on investments / growth initiatives of existing portfolio companies

  • Acquire new portfolio assets 

  • Warehouse new investments 

  • Early distributions to LPs 

  • Buyout LP interest of departing LPs

  • Buyout GP interest of departing GPs

  • Finance GP commitments

  • Operating or acquisition capital for management company

  • Seed new strategies

  • Bridge to continuation vehicles or fund restructurings
REPRESENTATIVE CLOSED TRANSACTIONS

***

 

$150,000,000

 

 

Loan to Fund

 

 

Buyout Fund

 

 

Growth Capital

 

 

Apr 2022

 
***

 

$140,000,000

 

 

Loan to Fund

 

 

Infrastructure Fund

 

 

Growth Capital

 

 

Apr 2022

 
***

 

£36,500,000

 

 

Loan to Fund

 

 

Buyout Fund

 

 

Refinance Debt

 

 

Feb 2022

 

***

 

$20,000,000

 

 

Convertible Note

 

 

Family Office

 

 

Acquisition Financing; Refinancing

 

 

Dec 2021

 
***

 

$70,000,000

 

 

Loan to Fund

 

 

Family Office

 

 

Refinancing; Growth Capital

 

 

Oct 2021

 
***

 

$50,000,000

 

 

Loan to Fund

 

 

Real Estate Fund

 

 

Refinancing; Growth Capital

 

 

Sep 2021

 

***

 

$30,000,000

 

 

Loan to Fund

 

 

Real Estate Fund

 

 

Growth Capital

 

 

Aug 2021

 
***

 

$36,500,000

 

 

Loan to Fund

 

 

Venture Capital Fund

 

 

Refinance SBIC Debt

 

 

Aug 2021, Jun 2019

 
***

 

$30,000,000

 

 

Loan to Fund

 

 

Real Estate Fund

 

 

Liquidity

 

 

Apr 2021

 

***

 

$25,000,000

 

 

Loan to Fund

 

 

Growth Equity Fund

 

 

Growth Capital

 

 

Mar 2021

 
***

 

$30,000,000

 

 

Loan to Fund

 

 

Hedge Fund

 

 

Buyout LPs; Growth Capital

 

 

Mar 2021

 
***

 

$250,000,000

 

 

Preferred Equity to Fund

 

 

Infrastructure Fund

 

 

Growth Capital

 

 

Jan 2021

 

***

 

$35,000,000

 

 

Loan to Portfolio Company
with Fund Guaranty

 

Real Estate Fund

 

Refi Debt; Growth Capital;
Distributions

 

 

Dec 2020

 
***

 

$45,000,000

 

 

Financing to Fund

 

 

Real Estate Fund

 

 

Refinance Debt

 

 

Nov 2020

 
***

 

$30,000,000

 

 

Financing to Fund

 

 

Buyout Fund

 

 

Growth Capital

 

 

Nov 2020

 

***

 

$13,000,000

 

 

Loan to Fund
(Including Upsize)

 

Intellectual Property Fund

 

 

Working Capital

 

 

Sep 2020, Dec 2018

 
***

 

$75,000,000

 

 

Financing to Fund

 

 

Buyout Fund

 

 

Refinance Debt; Growth Capital

 

 

Jun 2020

 
***

 

$50,000,000

 

 

Financing to Fund

 

 

Growth Equity Fund

 

 

Growth Capital

 

 

Feb 2020

 

***

 

$25,000,000

 

 

Loan to Portfolio Company with
Fund Guaranty (Including Upsize)

 

Buyout Fund

 

 

Cure Covenant; Cure Covenant

 

 

Feb 2020, Jun 2019

 
***

 

$75,000,000

 

 

Loan to Fund

 

 

Hedge Fund

 

 

Buyout LPs; Growth Capital

 

 

Jan 2020

 
***

 

$51,740,000

 

 

Loan to Fund

 

 

Infrastructure Fund

 

 

Buyout of Co-Investor

 

 

Dec 2019

 

***

 

$30,000,000

 

 

Loan to Fund

 

 

Buyout Fund

 

 

LP Distributions

 

 

Aug 2019

 
***

 

$70,000,000

 

 

Loan to Fund

 

 

Real Estate Fund

 

 

Refinance Debt; Growth Capital

 

 

Jun 2019

 
***

 

$17,200,000

 

 

Loan to Portfolio Company
with Fund Guaranty

 

Buyout Fund

 

 

Buyout of Co-Investor

 

 

Mar 2019

 

***

 

$38,500,000

 

 

Loan to Fund

 

 

Buyout Fund

 

 

Buyout of Co-investor

 

 

Mar 2019

 
***

 

$39,400,000

 

 

Loan to Fund (Including Two Upsizes)

 

Growth Equity Fund

 

 

Growth Capital

 

 

Oct 2018, May 2018, Nov 2017

 
***

 

$20,000,000

 

 

Loan to Portfolio Company
with Fund Guaranty

 

Infrastructure Fund

 

 

Growth Capital

 

 

Sep 2018

 

***

 

$21,000,000

 

 

Loan to Fund

 

 

Buyout Fund

 

 

Acquiition Financing;
Growth Capital

 

Jun 2018

 
***

 

£33,500,000

 

 

Loan to Fund

 

 

Buyout and
Growth Equity Fund

 

Growth Capital

 

 

Mar 2018

 
***

 

$21,000,000

 

 

Loan to Fund

 

 

Buyout Fund

 

 

Growth Capital

 

 

Mar 2018

 

***

 

$44,000,000

 

 

Preferred Equity to Fund

 

 

Buyout Fund

 

LP Distributions;
Growth Capital

 

 

Jun 2017

 
***

 

$14,630,000

 

 

Loan to Portfolio Company
with Fund Guaranty

 

Buyout Fund

 

 

Project Finance

 

 

Jun 2017

 
***

 

$75,000,000

 

 

Preferred Equity to Fund

 

 

Buyout Fund

 

 

LP Distributions;
Growth Capital

 

Mar 2017

 

***

 

$20,000,000

 

 

Loan to Portfolio Company
with Fund Guaranty

 

Buyout Fund

 

 

Growth Capital

 

 

Nov 2016

 
***

 
***