Akin Gump Advises Crestline Investors in Closing of Third Opportunity Fund

(Dallas) – Crestline Investors, Inc., a credit focused institutional alternative asset manager, has announced the closing of its third Opportunity Fund. Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments, exceeding the fundraising objective. Akin Gump advised Crestline in the matter.

Investors in the strategy include leading public and private pension plans, sovereign wealth funds, insurance companies and other institutional investors. The new fund is the ninth in Crestline’s series of opportunistic funds, which started in 2005 and have attracted more than $5.6 billion in client commitments to date.

The Akin Gump team was led by tax partner Ron G. Nardini and investment management partners Eliot D. Raffkind and James A. Deeken.

Founded in 1945, 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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