– Crestline Investors, Inc. announced the final close of Crestline Direct Lending Fund IV (“CDLIV”) with $3.5 billion of investable capital, including the Fund, related vehicles, and anticipated leverage.
– The Fund is part of Crestline’s direct lending strategy, which offers tailored financing solutions to both sponsor-backed and non-sponsor-backed companies across North America.
– Focus is on lending to middle-market companies, particularly in the lower and core segments.
– Keith Williams, Managing Partner and CIO, emphasized the milestone as a reflection of Crestline’s ability to provide flexible and scalable capital solutions.
– The Fund attracted a globally diversified investor base including public and corporate pension plans, sovereign wealth funds, asset managers, and registered investment advisors (RIAs).
– Other financial institutions across North America, Europe, and Asia
– Chris Semple, Partner and Co-Head of US Corporate Credit, highlighted investor support as validation of Crestline’s partnership model and performance across credit cycles.
– The strategy launched in 2014, having closed over 150 transactions and invested more than $5.9 billion to date.
– CDLIV has already completed 46 transactions spanning various borrower profiles, industries, and sponsors.
