M&A
confidence high
sentiment positive
materiality 0.75
Rithm Capital completes acquisition of Crestline Management; combined investable assets ~$102B
Rithm Capital Corp.
- Acquisition of Crestline Management, L.P. closed, adding over 200 investment professionals to Rithm's platform.
- Combined with Crestline and Sculptor, Rithm manages ~$102B in investable assets: $47B on balance sheet and $55B AUM.
- Expanded strategies include asset-based finance, real estate, structured/corporate credit, fund liquidity, insurance, reinsurance.
- CEO Michael Nierenberg says acquisition is a significant milestone in building a world-class investment platform.
- J.P. Morgan acted as exclusive financial advisor to Rithm; Piper Sandler advised Crestline.