Crestline Investors, Inc., a global alternative investment manager, announced the final close of Crestline Direct Lending Fund IV, with $3.5bn of investable capital across the Fund, related vehicles and anticipated leverage.
Crestline’s direct lending strategy provides “tailored financing solutions to sponsor and non-sponsor backed companies across North America.”
The strategy lends to companies across the middle market “with a focus on the lower and core segments.”
Keith Williams, Managing Partner and Chief Investment Officer said:
“This marks another significant milestone in our commitment to providing flexible, scalable capital solutions for the companies with which we invest. Our investors’ confidence reinforces our position as a trusted steward of capital, and we’re deeply grateful for their support.”
The Fund attracted a globally diversified investor base of new and existing limited partners, including “public and corporate pension plans, sovereign wealth funds, asset managers, RIAs and other financial institutions across North America, Europe and Asia.”
Chris Semple, Partner and Co-Head of US Corporate Credit said:
“The support we received from new and existing investors is a testament to our partnership approach and our track record of delivering both returns and capital preservation through credit cycles. It also reflects the growing demand for alpha-driven direct lending strategies that aren’t predominantly focused on the upper-end of the market.”
Crestline’s direct lending strategy, launched in 2014, has closed “over 150 transactions with more than $5.9 billion of capital invested.”
To date, CDLIV has completed 46 transactions “across a broad array of borrower profiles, industries and sponsors.”
As noted in the update, 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 reportedly has more than $16 billion of “alternative credit assets under management (as of December 31, 2024) across its direct lending, opportunistic, and portfolio finance platforms.”