Crestline Investors, Inc. (“Crestline”), a leading provider of fund liquidity solutions, has successfully completed a $40 million Net Asset Value (“NAV”) loan to an established multi-strategy private fund manager with a track record investing over 20 years (the “Borrower”).
The facility is supported by underlying portfolio companies in the U.S. and Western Europe. Proceeds from the NAV loan were used to finance the fund’s pro-rata equity contribution in a key portfolio company undergoing a recapitalization. This structure enabled the manager with the ability to maintain its position in the capital stack, avoid dilution, and continue supporting value creation ahead of a future exit.
“This transaction is an example of how NAV loans can potentially unlock liquidity post-investment period without disrupting broader portfolio strategy,” said Matt Viscusi, Vice President at Crestline. “We partnered with the sponsor to structure a capital-efficient facility that supported a high-conviction asset while preserving ownership and avoiding dilution.”
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
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, Tokyo, and Toronto. The firm has approximately $17 billion of credit assets under management (as of March 31, 2025) including 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.
