Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact

News Archive

Read More Industry News >

Texas Firm Raises $1.7B for Two Funds

Mar 31, 2014
Jing Chen

Alternative asset management firm Crestline Investors announced Monday the final closing of two of its opportunistic strategies funds after raising $1.71 billion.

Texas-based Crestline’s Opportunity Fund II platform—which aims to take advantage of market dislocations and inefficiencies by investing in private credit, niche and hedge fund secondaries strategies-- raised $980 million, while its Crestline Recovery Fund III offering—which is structured to take advantage of the illiquidity premium and can invest in direct transactions as well as co-investments and fund interests--raised $738 million.

The new funds are the fifth and sixth in a series of opportunistic funds Crestline has launched since 2005. Total assets committed to all six funds are $2.7 billion.

Founded in 1997, Crestline manages approximately $7.6 billion in assets.



Read More Industry News >

eVestment’s 2016 Hedge Fund Industry Outlook

Request Your Copy