Akin Advised Crestline Investors In $1.7 Billion NAV Lending Fund
Akin Advised Crestline Investors in $1.7 Billion NAV Lending Fund
Akin has advised Crestline Investors, a leading provider of fund liquidity solutions, on the closing of its latest net asset value (NAV) lending fund, Portfolio Finance Sentry Fund, with US$1.7 billion of investable capital across the fund, related vehicles, and anticipated leverage.
The Portfolio Finance Sentry Fund will focus on larger, diversified transactions with high-quality sponsors and has attracted a diverse global investor base, including public and corporate pension plans, sovereign wealth funds, asset managers, family offices, and other financial institutions. The closing marks a significant milestone for Crestline in the growing NAV lending space.
The Akin team was led by Jim Deeken (Partner, Investment Management) and Matt Bivona (Partner, Fund Finance), with support from Chris Smith (Counsel, Investment Management), and Lilly Cowan, Jordan Williams, and Olivia Pitten (Associates, Investment Management).
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