Rithm Capital Acquires Crestline for $17 Billion Private Credit, Alternative Investments

Rithm Capital Corp., a global alternative asset manager, has acquired Crestline Management, L.P., a private credit and alternative investment solutions manager with $17 billion in assets under management. The acquisition strengthens Rithm's asset management platform and adds insurance and reinsurance capabilities. It expands Rithm's direct lending and fund liquidity solutions, aligning with its strategy to build a global, diversified asset management platform.