Crestline Investors, Inc. (“Crestline”) announces its latest debt financing for Chirisa Technology Parks (“CTP”). Over the past 15 months, Crestline has committed approximately $215 million of construction and land acquisition debt to CTP, with Crestline’s capital being utilized to support the development of build-to-suit hyperscale data center campuses.
“This funding showcases our focus on providing customized financing to pivotal digital infrastructure groups like CTP” said Will Palmer, Partner at Crestline. “With robust demand dynamics across the North American data center market, we firmly believe that our continued support will help unlock significant value at CTP.”
“We are excited to leverage our extensive track record in the data center space with the capital support from Crestline” said Lee Hayes, President and CEO of Chirisa Technology Parks. “Crestline’s financing has helped underpin CTP’s commitment to the rapid delivery of high density, state of the art data center facilities for hyperscale and GPU cloud providers.”
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.
About Chirisa Technology Parks (CTP)
Chirisa Technology Parks (CTP) is a build-to-suit developer, owner and operator of newly configured and 100% AI-native data center facilities. CTP’s existing data center campuses are located in Richmond, VA; Chicago, IL; Piscataway, NJ; Pittsburgh, PA and Seattle, WA. CTP currently has over 1,500,000 square feet of purpose-built data center capacity operational and under development, with 1.6GW of power under control in the USA. Learn more at www.chirisatechnologyparks.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.
