Rithm Capital to acquire Crestline Management, adding $17B private credit platform

Rithm Capital Corp.

Acquires Crestline, an alt manager with ~$17B AUM, expanding into direct lending, insurance/reinsurance.
Combined platform (incl. Crestline and Sculptor) to have $98B investable assets ($45B balance sheet, $53B AUM).
Crestline's investment team, committees, and strategies unchanged; offices in Fort Worth, NY, Toronto, Tokyo, London.
Transaction expected to close in Q4 2025, subject to regulatory approvals.

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