Rithm Capital Completes Acquisition of Crestline Management to Expand Global Alternative Asset Platform
December 7, 2025
Rithm Capital completed its acquisition of Crestline Management, an alternative investment manager with approximately $17 billion in assets under management. The deal strengthens Rithm’s global alternative asset management platform by adding direct lending, fund liquidity solutions, and insurance and reinsurance capabilities, and by expanding the combined suite of credit, real estate, and structured finance strategies.
- Buyers
- Rithm Capital Corp.
- Targets
- Crestline Management, L.P., Crestline Investors, Inc.
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Rithm Capital to Acquire Sculptor Capital Management in $639 Million Deal
July 28, 2023
Financial Services
Rithm Capital (RITM) announced it has entered into a definitive agreement to acquire Sculptor Capital Management in a transaction valued at approximately $639 million. Sculptor will operate as a subsidiary of Rithm and continue to be led by Jimmy Levin as CIO and Executive Managing Partner, with deal close expected in Q4 2023.
-
Gen II Fund Services Acquires Crestbridge
July 12, 2023
Financial Services
Gen II Fund Services, LLC agreed to acquire Crestbridge, a European private capital fund administrator, expanding Gen II’s international footprint and product capabilities. The deal (signed July 2023) closed April 16, 2024, increasing Gen II’s assets under administration to over $1 trillion and creating a combined roster of roughly 1,700+ professionals across North America and Europe.
-
Rithm Capital Acquires Paramount Group (PGRE) for $1.6 Billion
December 19, 2025
Real Estate
Rithm Capital Corp. completed its previously announced acquisition of Paramount Group, Inc., a vertically integrated REIT owning Class A office properties in New York City and San Francisco. The transaction expands Rithm’s integrated owner-operator asset management platform and increases its commercial real estate footprint.
-
D2 Asset Management Integrates Residential Capital Partners into Residential Credit Platform
November 11, 2025
Financial Services
D2 Asset Management has integrated the Residential Capital Partners team into its residential credit platform. The Dallas-based private lender's origination and servicing capabilities will combine with D2's institutional capital and capital markets infrastructure to expand direct lending products for single-family real estate investors, including transition, construction, and long-term rental loans.
-
Health Management Associates Acquires Crestline Advisors
April 4, 2023
Healthcare Services
Health Management Associates (HMA) has acquired Crestline Advisors, an Arizona-based healthcare consulting firm founded in 2013 that supports health plans, provider organizations, and state agencies—particularly on Medicaid managed care (MCO) proposal responses and network management. Crestline's leadership (CEO Susan Dess and Tim Mechlinski) will remain in place as part of HMA; terms were not disclosed.
-
Clearlake Capital Group to Acquire Pathway Capital Management
November 12, 2025
Financial Services
Clearlake Capital Group has entered into a definitive agreement to acquire Pathway Capital Management, a global provider of private market solutions for institutional and wealth clients. The deal is expected to close in the first quarter of 2026, pending regulatory approvals, and is designed to expand Clearlake’s private markets platform and capabilities in areas like private credit, secondaries, and co-investments.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.