Crestline Investors, Inc., a credit-focused institutional alternative asset manager, has announced the closing of its second fund complex focused on fund finance, including NAV loans and preferred equity offerings, with commitments of $1 billion and additional overflow interest. Akin Gump advised longstanding client Crestline in the matter.
Portfolio Financing Fund II represents a natural extension of Crestline’s Fund Liquidity Solutions offering and enables Crestline to fund its significant pipeline of investment opportunities across private equity, real estate and infrastructure funds.
Investors include large public pensions, endowments, insurance companies and sovereign wealth funds. To learn more about the deal, please click here.
The Akin Gump team was led by investment management partner James Deeken and included counsel Graham McCall and Ryan Dahan and associates Chris Smith and Tristan Baker.