Crestline Management, L.P. (“Crestline”), a leading provider of fund liquidity solutions, announced the completion of a $30 million Net Asset Value (“NAV”) loan to a global leading provider of Purpose Built Student Accommodation (“PBSA”) (the “Borrower”).
The facility is secured by a portfolio of purpose-built student accommodation assets located in key university markets in Europe. Financing proceeds were used to refinance an existing fund-level facility and optimize the capital structure for investors.
“Over the past several years, we have seen growing demand from real estate managers seeking NAV financing and have developed deep underwriting experience, particularly within the student housing sector,” said David Couch, Director at Crestline. “We value the opportunity to continue partnering with high-quality, repeat managers and supporting their investment strategies in student housing, a sector we believe continues to benefit from compelling long-term supply and demand fundamentals.”
With a strong track record in NAV-based lending and a commitment to delivering tailored, capital-efficient solutions, Crestline remains an experienced partner for managers navigating today’s evolving private markets.
About Crestline Management, L.P.
Crestline is a global alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Tokyo, and Toronto. The firm has approximately $17.5 billion of credit assets under management (as of December 31, 2025) including its capital solutions, direct lending, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
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