Crestline Investors, Inc. (“Crestline”), a leading provider of fund liquidity solutions, has successfully completed a $39 million Net Asset Value (“NAV”) loan to a repeat borrower and global leading provider of Purpose Build Student Accommodations (“PBSA”) (the “Borrower”). The Borrower’s strategy focuses on markets with strong fundamentals and persistent supply-demand imbalances. This transaction builds on an initial loan made by Crestline in July 2021 (Project Jersey), which has continued to perform well.
This new facility is supported by a diversified pool of PBSA assets located across key university cities in the US and Western Europe. Proceeds from the NAV loan will support the acquisition of a high-quality European student housing portfolio, providing immediate scale in one of Europe’s most supply-constrained PBSA markets. As a repeat Crestline borrower, the sponsor was able to benefit from an efficient closing process and streamlined documentation.
Project Firenze reflects the strength of our long-standing relationship with the Borrower and the trust we’ve built over time,” said Dave Philipp, Partner and Head of Fund Liquidity Solutions at Crestline. “We’ve had the privilege of supporting their growth since 2021 and witnessing their ability to successfully execute on strategic, value-accretive opportunities. We are pleased to once again serve as a trusted capital partner as they continue to scale their platform and advance their long-term objectives.”
With a strong track record in NAV-based lending and a commitment to delivering tailored, capital-efficient solutions, Crestline remains an experienced partner for funds navigating today’s evolving private markets.
About Crestline Investors, Inc.
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 $16 billion in assets under management (as of December 31, 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.
