Rithm Capital Corp. announced the acquisition of Crestline Management, L.P.
The acquisition adds $17 billion in assets under management to Rithm's portfolio.
Crestline brings insurance and reinsurance capabilities, strengthening Rithm's asset management platform.
Strategic Acquisition
Rithm Capital to acquire Crestline, enhancing its global asset management platform.
Asset Expansion
Crestline's $17 billion AUM adds significant value to Rithm's portfolio.
Diversification
Entry into insurance and reinsurance sectors offers new investment opportunities.
- The combined platform will have $98 billion in investable assets, a boost from Crestline's strengths in direct lending and fund liquidity solutions.
- Crestline's diverse strategies across private credit and alternative investments open new avenues for investor returns.
The acquisition of Crestline demonstrates Rithm's commitment to growth and innovative investment strategies in the asset management sector. It signifies a strategic move to expand capabilities and deliver enhanced value to stakeholders.