The CRESTLINE MANAGEMENT, L.P. is a publicly held investment adviser that advises $48.14Bn in regulatory assets under management held in 3 SEC fund types across 2 investment strategies. CRESTLINE MANAGEMENT, L.P. is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 214.26% over the last 5-years.
The Group has been registered with the SEC for 23.18 years and is comprised of 2 filing and 1 relying advisers. They operate out of 4 office locations with their Headquarters at 201 MAIN STREET SUITE 2100, FORT WORTH, TX. The Group has not been subject to regulatory enforcement actions. They are regulated by 4 US and Non-US bodies.
They have 235 employees comprised of 146 investment and 89 non-investment staff. The total number of Employees increased by 72.79% over the last 5-years.
Their $48.14Bn in assets advised are owned by 117 private funds, 0 public funds and BDCs and 30 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $39.25Bn or 81.53% of Total Assets and Pension and Profit Sharing Plans-Private own $4.94Bn or 10.25% of Total Assets.
The Group's top investment strategies include Fund of Funds and Long/Short Equity, representing 72.71% and 27.29% of total assets, respectively.
They advise 4 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Pension and Profit Sharing Plans-Private.
The Group uses 4 Fund Administrators, 1 Fund Auditors, 4 Prime Brokers, 12 Custodians and 11 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees and performance-based fees.
CRESTLINE MANAGEMENT, L.P. names 1 sub-adviser CONFIDENTIAL TREATMENT REQUEST SUBMITTED PURSUANT TO ADVISERS ACT SECTION 210(A) to 3 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In CRESTLINE MANAGEMENT, L.P.'s case, they have 23 business conditions that require high process maturity and 1 Watch Factors.