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Laxman Pai, Opalesque Asia:

Credit-focused institutional alternative asset manager Crestline Investors announced that it has closed a series of funds across multiple strategies with commitments totaling more than $3.6 billion.

The asset manager said in a press release, it closed its Crestline Opportunity Fund IV, which seeks to provide capital services to underserved middle-market companies, with commitments of up to $1.6 billion.

Additionally, the firm closed its Crestline Specialty Lending Fund III, seeking to provide flexible senior debt capital services, with equity commitments of $1 billion.

Finally, the firm closed its Crestline Portfolio Financing Fund II, which plans on providing custom financing services to private equity, real estate, and infrastructure funds and other private asset vehicles seeking capital to support portfolio companies, with commitments of $1 billion.

Doug Bratton, Founding Partner, CEO, and Co-CIO of Crestline said: "Despite ongoing challenges presented by the pandemic, we've continued to bolster our strategic capabilities and add to our growing team of experienced investment professionals, and we look forward to capitalizing on this momentum in the months to come."

Keith Williams, Managing Partner and Co-CIO of Crestline said: "We believe these recent fundraises are a testament to our investors' confidence in our ability to generate high-quality risk-adjusted returns while providing flexible, tailored financing......................

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