Crestline Investors (a global alternative investment manager) announced the final close of Crestline Direct Lending Fund IV (CDLIV), with $3.5 billion of investable capital across the Fund, related vehicles and anticipated leverage.
Crestline’s direct lending strategy offers tailored financing solutions to sponsor and non-sponsor backed companies across North America. And the strategy lends to companies across the middle market with a focus on the lower and core segments.
This fund attracted a globally diversified investor base of new and existing limited partners, such as public and corporate pension plans, sovereign wealth funds, asset managers, RIAs, and other financial institutions across North America, Europe, and Asia.
Crestline’s direct lending strategy, which launched in 2014, has closed over 150 transactions with more than $5.9 billion of capital invested. So far, CDLIV has completed 46 transactions across a broad array of borrower profiles, industries and sponsors.
KEY QUOTES:
“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.”
Keith Williams, Managing Partner and Chief Investment Officer
“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.”
Chris Semple, Partner and Co-Head of US Corporate Credit
