Crestline Investors, Inc., a credit-focused institutional alternative asset manager, closed its first European Opportunity Fund, at $360M.
Crestline Opportunity Fund III Europe will serve as an extension of the firm’s global series of opportunistic funds and exclusively target European opportunities. Investors include public pension plans, insurance companies, and other institutional investors.
Managed by Crestline’s European Credit Strategies team, which has closed 19 transactions, and led by Michael Guy, Chief Investment Officer – Europe, the fund will provide capital solutions (ranging from senior debt to structured equity) to under-served small and medium sized businesses in Europe. Consistent with Crestline’s global approach, the European Fund will prioritize asset-backed transactions, those with recurring revenue, or situations with multiple and separable pools of value.
This new fund is the tenth in Crestline’s series of opportunistic funds, which started in 2005 and have attracted more than $7.7 billion in client commitments to date.
Founded in 1997 and based in Fort Worth, Texas, Crestline Investors is an institutional alternative investment management firm with approximately $12.8 billion of assets under management. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides beta and hedging solutions for institutional clients. The firm also maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo.