Crestline closes second European Capital Solutions fund at $625 million
Crestline Management said its second European Capital Solutions fund closed at $625 million and will finance lower-middle-market businesses across North and Western Europe.
Crestline Management said its second European Capital Solutions fund closed at $625 million and will finance lower-middle-market businesses across North and Western Europe.
Crestline Management said on Aug. 20 that it held the final close of Crestline European Capital Solutions Fund II with $625 million in capital commitments.
The Fort Worth, Texas-based firm said the fund is nearly 75% larger than its first European Capital Solutions vehicle. Crestline said the new fund is designed to provide financing for asset-backed and lower-middle-market businesses across North and Western Europe.
Crestline said the fund can originate and structure capital solutions ranging from senior debt to structured equity, with a focus on situations backed by tangible collateral.
In its release, Crestline said those collateral types can include real estate, infrastructure, transportation, music royalties and litigation finance. It also said the strategy can serve asset-heavy entrepreneur-led and family-owned companies that need transitional capital.
Crestline said the fund drew support from existing clients and new investor relationships around the world. The firm said investors included public and private pension plans, insurance companies, sovereign wealth funds and other institutional investors.
The company said its European Capital Solutions team has worked together for more than 20 years and has deployed about $2 billion across 45 transactions in Europe. Crestline said that as of the second quarter of 2026, ECSFII was about 35% committed and had completed one significant realization.
Crestline said Michael Guy, executive managing director and head of European Credit, and Keith Williams, executive managing director and chief investment officer, were among the executives quoted in the release. The company also said it was founded in 1997, has affiliate offices in London, New York, Tokyo and Toronto, and had about $18 billion of credit assets under management as of March 31, 2026.
The release said Crestline operates as part of Rithm Capital Corp., which trades on the New York Stock Exchange under the ticker RITM. Crestline did not say in the release when it expects to begin deploying the new fund.
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