57.8 F
Fort Worth
Monday, November 23, 2020
Banking Fort Worth-based group to work with diamond finance company

Fort Worth-based group to work with diamond finance company

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

DelGatto Diamond Finance, an institutional diamond finance company, on Oct. 23 announced it has received a $100 million facility from Fort Worth-based Crestline Investors Inc., a credit focused institutional alternative asset manager. The investment enhances DelGatto’s ability to meet growing financing demand across all major diamond and jewelry markets.

New York-based DelGatto Diamond Finance is a leading collateral-based alternative finance provider to the diamond and jewelry industry. Since the inception of its initial fund, DelGatto Diamond Finance Fund, the firm has financed more than 75 companies globally. Drawing on 25 years of experience, Christopher Del Gatto, the founder and CEO, provides unique value for midstream players.

“We are delighted for our partnership with Crestline as we continue to finance the midstream diamond and jewelry industry,” said Del Gatto, “I am confident that Crestline’s expertise in direct lending will be an asset for us as we expand our financing across the globe.”

“We are excited to work with DelGatto to service diamond participants and we look forward to collaborating with their team as they continue to establish themselves as the primary non-bank finance platform for this unique industry,” said Rahul Vaid, managing director at Crestline Investors.

Crestline Investors specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds.


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

Stocks edge higher on Wall Street on latest vaccine hopes

NEW YORK (AP) — U.S. stocks edged higher in morning trading Monday after investors received several pieces of encouraging news on COVID-19 vaccines and...

Mnuchin denies he’s trying to hinder incoming administration

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin denied that he is attempting to limit the choices President-elect Joe Biden will have to promote an...

Bank of America announces $2.65 million jobs initiative for Texas Black and Hispanic-Latino students

Bank of America announced a new multimillion dollar jobs initiative Nov. 19 to help students of color complete the education and training necessary to...

PNC to buy US unit of Spain’s BBVA bank for $11.6 billion

NEW YORK (AP) — PNC Financial Services Group said Monday it is buying the U.S. subsidiary of Spain's BBVA bank for $11.6 billion in...

Banker gets 1-year term for coronavirus relief funds fraud

By MATTHEW BARAKAT Associated PressALEXANDRIA, Va. (AP) — A northern Virginia banker who admitted illegally receiving $1.4 million in fraudulently obtained coronavirus relief funds...