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.