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It has also announced the independent registration of SummitTX Capital, L.P. as the SEC Registered Investment Adviser for the SummitTX Funds.

The rebranding represents a broader effort to elevate the hedge fund business and brand while creating a clear distinction between Crestline's public markets and private markets businesses. Following the rebranding and additional operating and regulatory independence, the $3+ billion AUM SummitTX remains a subsidiary of Crestline Investors, Inc.

This announcement follows continued strong investment performance - one of the strongest years of growth for the firm since its inception - which has led to more than doubling assets over the past two years - and the launch of a well-received, larger balance sheet version of its original fund. "Over the last few years, we have built an incredible team and culture, developing operational independence that enables SummitTX to function as a distinct brand. The rebrand solidifies our path forward in positioning SummitTX as a leading name within the hedge fund industry," said Caroline Cooley, Managing Partner and Chief Investment Officer at SummitTX.

The new name, SummitTX, derives from the firm's commitment to providing continuity from its existing business and the "TX", which pays homage to its Texas heritage. Furthermore, the "TX" superscript format in the logo signifies an exponent that connotes growth (Summit to the power of TX).

About SummitTX Capital, L.P.
Founded in 2015, SummitTX is an open architecture multi-manager, multi-strategy hedge fund manager. SummitTX manages over $3 billion across three investment solutions harnessing the same investment process and portfolio. Each solution has a unique risk/reward profile. SummitTX currently utilizes 1) Fundamental, 2) Tactical, 3) Quantitative, and 4) Capital Markets investment strategies. SummitTX is headquartered in Fort Worth, Texas, and has an office in New York.

About Crestline Investors, Inc.
Crestline Investors, Inc. is a $20 billion alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm specializes in private credit strategies, offering diverse investment solutions across its direct lending, opportunistic, and portfolio finance platforms.

Press release

Related article:
09.Jan.2025 Crestline Investors closes $1bn direct lending CLO

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