Crestline Investors, Inc. (“Crestline”), a leading provider of fund liquidity solutions, has successfully completed a $50 million Net Asst Value (“NAV”) loan upsize for an existing borrower, a well-established private equity manager that invests in private equity, venture capital, and growth equity. The Fund is an open-ended, evergreen private equity fund with 150+ underlying investments, including majority and minority direct investments, as well as direct fund investments. This borrower has a strong track record of delivering value to its investors and continues to seek strategic capital solutions to enhance financial agility.
The original transaction, a Crestline-led $120 million NAV loan, was closed in March 2023. This $50 million upsize, completed in December 2024, further strengthens the borrower’s ability to optimize portfolio management needs and capitalize on new investment opportunities.
Proceeds from the financing will be used to support new investments, manage liquidity requests from limited partners due to the open-ended nature of the fund, and address other general capital needs.
“Our willingness to upsize this existing NAV loan underscores our appreciation that fund level financing structures need to accommodate the changing needs of a borrower over time. We pride ourselves on being a relationship-driven capital partner rather than a transactional-oriented lender and believe that this approach allows our capital to drive value for our clients and their investors,” said Dave Philipp, Partner and Head of NAV Finance.
With a strong track record in NAV-based lending, Crestline continues to serve as a trusted partner for funds seeking capital-efficient financing options.
About Crestline Investors
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $20 billion in assets under management (as of September 30, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorized and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
