Crestline Investors, Inc., a Fort Worth, TX-based credit-focused institutional alternative asset manager, has created a Private Equity Credit and Fund Restructuring team.
The new team will actively pursue niche financing opportunities in the private equity markets.
This dedicated group will focus on providing bespoke capital solutions, including preferred equity and flexible debt structures, to mature private equity funds approaching the end of their structural lives.
Amit Mahajan, formerly a Managing Director at Macquarie Asset Management, will co-lead the team along with David Philipp, who joined Crestline in 2013.
The new division is an expansion of the firm’s Crestline-Kirchner initiative, which was formed in 2013 to acquire, manage and invest in underperforming private equity assets, portfolios and funds. Both Mahajan and Philipp will report to Douglas Bratton, Managing Partner & CIO of Crestline.
The PE Credit and Fund Restructuring team also includes three specialist portfolio managers and a senior associate, with a combined 58 years of experience across principal investing, private equity fund management, workouts and restructurings.
Founded in 1997, Crestline Investors is a credit focused institutional alternative investment management firm with approximately $9.5 billion of assets under management. It specializes in credit and opportunistic investments and – in addition – manages a multi-PM equity market-neutral hedge fund. Crestline also provides Beta and Hedging Solutions for Institutional clients. The firm also maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo.