Crestline Investors, Inc. (“Crestline”), a global alternative investment manager, today announced the final close of Crestline Direct Lending Fund IV (“CDLIV” or the “Fund”), 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.
“This marks another significant milestone in our commitment to providing flexible, scalable capital solutions for the companies with which we invest,” said Keith Williams, Managing Partner and Chief Investment Officer. “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.
“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,” said Chris Semple, Partner and Co-Head of US Corporate Credit. “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.
