Akin Gump Reps Crestline Investors in Funds Totaling $3.6B

(Dallas) – Akin Gump is pleased to announce that it represented longstanding client Crestline Investors, a credit-focused institutional alternative asset manager as it closed a series of funds across multiple strategies with commitments totaling more than $3.6 billion.

The funds are:

• Crestline Opportunistic, which seeks to provide capital solutions (ranging from senior debt to structured equity) to underserved or capital constrained middle-market companies, real estate lending and specialty finance programs across North America and Europe. Crestline Opportunity Fund IV closed with commitments of $1.6 billion.
• Crestline Direct Lending, which seeks to provide flexible senior debt capital solutions to lower-middle and middle-market businesses, with a focus on senior secured, unitranche and second-lien opportunities ranging from $20 million to $100 million. Crestline Specialty Lending Fund III closed with equity commitments of $1 billion.
• Crestline Fund Liquidity Solutions Group, which seeks to provide custom financing solutions to private equity, real estate, and infrastructure funds and other private asset vehicles seeking additional capital to support, grow, and protect underlying portfolio companies and to acquire new assets and support strategic initiatives at the management company and/or GP level. Crestline Portfolio Financing Fund II closed with commitments of $1 billion with additional overflow interest.

To learn more about these transactions, click here.

The Akin Gump team advising Crestline Investors was led by investment management partner James Deeken and included counsel Graham McCall and associates Chris Smith, Anna Grey and Tristan Baker, and tax counsel Ryan Dahan.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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