About This Fund
Crestline Lending Solutions Fund (CLSF) is a perpetual, open-ended private credit vehicle launched by Crestline Investors in October 2025, representing the firm's first perpetual commingled fund structure. Based in Fort Worth, Texas, Crestline Investors is a multi-strategy alternative investment manager with over two decades of experience spanning credit, structured products, and hedge fund-of-funds strategies. CLSF was designed to offer institutional investors and qualified purchasers ongoing access to Crestline's direct lending capabilities without the fixed lifecycle constraints of traditional closed-end fund structures.
The fund pursues a core and lower middle market direct lending strategy, providing senior secured and unitranche loans to both sponsor-backed and non-sponsor-backed companies across the United States. CLSF focuses on the domestic lower middle market where competition from large direct lenders is more limited and lending terms more lender-friendly. The perpetual structure enables efficient capital deployment and recycling over time, offering investors regular liquidity windows alongside attractive yield generation from a diversified loan book targeting companies with $5 million to $75 million in EBITDA.
Crestline's direct lending platform has historically deployed approximately $1.9 billion across 46 transactions annually, demonstrating substantial underwriting capacity. The firm's broader credit capabilities encompassing structured credit, special situations, and public credit provide complementary deal sourcing and analytical support for CLSF's portfolio construction. Prior Crestline credit strategies received the PitchBook Gold Badge for Direct Lending, reflecting the manager's recognized standing in the private credit market and its ability to generate consistent risk-adjusted returns across economic cycles.