Fort Worth · Growth–Late Stage
Also known as CRESTLINE MANAGEMENT, L.P.
Investment thesis
Crestline focuses on providing flexible capital solutions to underserved or capital-constrained middle-market and lower-middle-market companies. Its offerings span senior secured, unitranche and second-lien debt, structured and hybrid equity, private credit, real estate lending and specialty finance. The firm also delivers bespoke NAV financing to mature private equity funds and other capital pools for liquidity needs, beta overlay and hedging solutions, and, through CL Life, annuity products designed to protect capital. Crestline serves sophisticated institutions, family offices and high-net-worth individuals in North America, Europe and Asia seeking alternative investment solutions that offer sustainable income and continuity across market cycles.
Source: firm website, verified Aug 25, 2026.
What they invest in
from 3 of 3 portfolio companiesHealthtech ×2Digital Health ×1Fintech ×1InsurTech ×1
HQs:United States×2
Investments · 3 tracked
founders shown can be your intro pathUpperline Health operates a multispecialty medical practice network offering podiatry, endocrinology, and primary care clinics across the United States, using a value-based, whole-person care model.
Digital HealthHealthtechNashville, US
David Thorpe(Founder & Chief Executive Officer)Stephen Nash(Executive Officer)Christiana Beveridge, MD(President & Chief Medical Officer, Upperline Plus)Jenn Booker(Population Health Officer, Upperline Health)Michael King, DPM(Chief Medical Officer, Podiatry, Upperline Health)
BoardMike Lester(Director)
Co-investorsSilversmith Capital Partners
Urgent Team operates urgent care and family care clinics, running 80 locations under eight brands across five states in the Southeastern United States.
Healthtech
Tom Dent(Founder)in
Co-investorsSV Health Investors
Fund performance · per public LP disclosures · 5
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Crestline Opportunity Fund V Onshore T/STE, L.P.LPs: New York City Board of Education Retirement System | 2023 | — | 13.6% | 1.24x | 0.17x |
| Crestline Portfolio Financing Fund, L.P.LPs: San Bernardino County Employees Retirement Association | 2018 | — | 8.7% | — | 1.38x |
| CRESTLINE OPP FUND V ONSHORELPs: New York City Board of Education Retirement System | — | — | — | 1.11x | — |
| Prt FinLPs: San Bernardino County Employees Retirement Association | — | — | 10.4% | — | — |
| Prt Fin IILPs: San Bernardino County Employees Retirement Association | — | — | 11.4% | — | — |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Crestline Investors invest at?
- Crestline Investors invests at the Growth, Late Stage stages.
- What sectors does Crestline Investors focus on?
- Crestline Investors focuses on AI & Machine Learning, Data & Infrastructure, Energy, Fintech, PropTech.
- Where is Crestline Investors located?
- Crestline Investors is headquartered in Fort Worth, US.
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