{"url":"https://nivawealth.com/firms/crestline-management-122711","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/122711","regulatoryAum":22509958896,"crd":"122711","secFileNumber":"801-61607","legalName":"Crestline Management, L.P.","displayName":"Crestline Management","website":null,"linkedinUrl":"https://www.linkedin.com/company/crestline-investors-inc./","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"201 Main Street, Suite 2100","city":"Fort Worth","state":"TX","stateName":"Texas","country":"United States","postalCode":"76102-3135"},"tradeNames":["Crestline Asia Sub, L.P.","Crestline Canada Sub, L.P. - Relying Adviser","Crestline Research Associates Sub, L.P."],"registration":{"secApproved":"2 December 2002","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":195,"advisory":113,"brokerDealerReps":0,"insuranceAgents":3,"promoters":8},"aum":{"discretionary":22509958896,"discretionaryAccounts":135,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":56,"nonAumClients":0},"clientTypes":[{"label":"Business development companies","clients":1,"regulatoryAum":549604051},{"label":"Pooled investment vehicles","clients":100,"regulatoryAum":12586340566},{"label":"Pension and profit-sharing plans","clients":9,"regulatoryAum":4844929579},{"label":"State or municipal government entities","clients":null,"regulatoryAum":800488369},{"label":"Other investment advisers","clients":null,"regulatoryAum":131829295},{"label":"Insurance companies","clients":5,"regulatoryAum":2614408804},{"label":"Sovereign wealth funds and foreign official institutions","clients":16,"regulatoryAum":884622731},{"label":"Corporations and other businesses","clients":null,"regulatoryAum":97735501}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Crestline Management has custody of $14.30B for 96 clients.","otherCustodians":[],"leadership":[{"name":"Camille Sassman","title":"Chief Financial Officer","crd":"4603314"},{"name":"Paula Roberts","title":"Chief Compliance Officer","crd":"2891163"},{"name":"John Cochran","title":"Chief Operations Officer","crd":"4602808"},{"name":"Jesus Payan","title":"Chief Legal Officer","crd":"5314352"},{"name":"Keith Williams","title":"Chief Investment Officer","crd":"6805805"}],"ownership":[{"label":"Rithm Crestline Holdings LLC","detail":"Limited partner cl a in the 75% or more ownership band and a control person, since December 2025."},{"label":"NRZ MBN Issuer Holdings LLC","detail":"Indirect owner: a sole member of Rithm Asset Management LLC in the 75% or more band and a control person, since June 2025.","parent":"Rithm Asset Management LLC"},{"label":"Rithm Asset Management LLC","detail":"Indirect owner: a sole member of Rithm Crestline Holdings LLC in the 75% or more band and a control person, since December 2025.","parent":"Rithm Crestline Holdings LLC"},{"label":"Rithm Capital Management LLC","detail":"Indirect owner: a sole member of NRZ MBN Issuer Holdings LLC in the 75% or more band and a control person, since February 2024.","parent":"NRZ MBN Issuer Holdings LLC"},{"label":"Rithm Capital Corp.","detail":"Indirect owner: a member of Rithm Capital Management LLC in the 75% or more band and a control person, since November 2022.","parent":"Rithm Capital Management LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":3,"privateResidences":0},"listedOfficeAddresses":3,"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"75 Rockefeller Plaza","city":"New York"}]},{"state":"Texas","offices":2,"addresses":[{"street":"201 Main Street, Suite 2100","city":"Fort Worth","headquarters":true},{"street":"4001 Maple Ave","city":"Dallas"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"817-339-7600","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Non-exchange-traded equity securities","percent":11},{"label":"U.S. government/agency bonds","percent":1},{"label":"Sovereign bonds","percent":26},{"label":"Investment grade corporate bonds","percent":6},{"label":"Derivatives","percent":1},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":19},{"label":"Cash and cash equivalents","percent":6},{"label":"Other","percent":30,"detail":"Directly-Originated (or Syndicated Loans Or Loans Acquired in Market Transactions) Middle Market Loans, Accounts Receivable and \nInterest Receivable"}],"privateFunds":37},"sources":{"adv1FilingDate":"28 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/122711/PDF/122711.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Crestline Management have?","answer":"Crestline Management has 131 clients and manages $22.5 billion for them, as of August 2026. They include 100 pooled investment vehicles, 16 sovereign wealth funds and foreign official institutions and 9 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Crestline Management offer?","answer":"Crestline Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Crestline Management have?","answer":"Crestline Management has 0 investment adviser representatives registered with state securities authorities, out of 195 employees, and 113 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 3 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Crestline Management invest in?","answer":"At the end of its last fiscal year, Crestline Management’s separately managed accounts held 30% directly-originated (or syndicated loans or loans acquired in market transactions) middle market loans, accounts receivable and \ninterest receivable, 26% sovereign bonds, 19% pooled vehicles (private funds and similar), 11% non-exchange-traded equities, 6% investment grade corporate bonds, 6% cash and equivalents, 1% exchange-traded equities, 1% U.S. government and agency bonds and 1% derivatives. It advises 37 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Crestline Management?","answer":"Crestline Management is owned through a chain of holding companies by Rithm Capital Corp. Its direct owner is Rithm Crestline Holdings LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 28 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Crestline Management get paid?","answer":"Crestline Management is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/crestline-management-122711/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1536054/000131586326000592/0001315863-26-000592-index.html","totalValue":53476000,"positionCount":3,"top10Share":1,"top10":[{"issuer":"DENALI THERAPEUTICS INC","titleOfClass":"COM","cusip":"24823R105","value":49144027,"shares":1910732,"shareType":"SH","priorValue":42446054,"priorShares":2210732},{"issuer":"SANA BIOTECHNOLOGY INC","titleOfClass":"COM","cusip":"799566104","value":2637619,"shares":755736,"shareType":"SH","priorValue":2176520,"priorShares":755736},{"issuer":"8X8 INC NEW","titleOfClass":"COM","cusip":"282914100","value":1694354,"shares":990850,"shareType":"SH","priorValue":1644811,"priorShares":990850}],"positionsListed":3,"positions":[{"issuer":"DENALI THERAPEUTICS INC","titleOfClass":"COM","cusip":"24823R105","value":49144027,"shares":1910732,"shareType":"SH","priorValue":42446054,"priorShares":2210732},{"issuer":"SANA BIOTECHNOLOGY INC","titleOfClass":"COM","cusip":"799566104","value":2637619,"shares":755736,"shareType":"SH","priorValue":2176520,"priorShares":755736},{"issuer":"8X8 INC NEW","titleOfClass":"COM","cusip":"282914100","value":1694354,"shares":990850,"shareType":"SH","priorValue":1644811,"priorShares":990850}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}