Fort Worth-based Crestline Investors Inc. has partnered with Denali Capital LLC, a syndicated commercial loan asset management firm headquartered in Illinois, to further expand a collateralized loan obligation platform under the Crestline suite of investment products. The business will operate under the name Crestline Denali Capital LP. Denali Capital has had a relationship with the principals of Crestline since it began operating in 2001. Denali currently has $1.5 billion of assets under management through various funds, mainly collateralized loan obligations (CLOs). Under the new agreement, Crestline will sponsor a series of new CLO issuances, the first of which is underway, to be managed by Crestline Denali Capital. In addition to CLOs, the business will be positioned to pursue investment strategies that meet growing investor interest in the $800 billion syndicated commercial loan asset class.
“We are pleased to add Denali to the Crestline asset management platform. Denali is well-respected in the industry, with an excellent, long-term track record of CLO management. We expect to generate significant value for our clients by combining Denali’s expertise with our opportunistic and direct lending investment activities,” said Douglas K. Bratton, president and chief investment officer of Crestline. Crestline is an institutional alternative investment management firm founded in 1997. The company manages $8 billion in client assets across separately managed accounts and commingled funds for institutional investors. Crestline has 97 employees with 50 investment professionals across its offices in Fort Worth, New York, Toronto and Tokyo.
-Betty Dillard bdillard@bizpress.net