Funding supervisor Crestline Traders has closed its fourth flagship direct lending fund at $3.5bn (round £2.6bn), it introduced yesterday.
The fund, Crestline Direct Lending Fund IV, gives tailor-made financing options to corporations throughout North America, significantly throughout the center market, with a deal with decrease and core segments.
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It has attracted an investor base from throughout the globe, together with from public and company pension plans, sovereign wealth funds, asset managers and RIAs.
“This marks one other vital milestone in our dedication to offering versatile, scalable capital options for the businesses with which we make investments,” stated Keith Williams, managing companion and chief funding officer at Crestline.
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“Our buyers’ confidence reinforces our place as a trusted steward of capital, and we’re deeply grateful for his or her help.”
Crestline’s direct lending technique, launched in 2014, has closed over 150 transactions with greater than $5.9bn of capital invested.
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