Crestline Investors has announced the final close of its third dedicated NAV financing fund, the Portfolio Finance Sentry Fund, with $1.7bn (approximately £1.26bn) of investable capital.
The PF Sentry Fund provides flexible capital solutions to private equity and private asset funds seeking liquidity to acquire new assets, as well as grow existing assets.
Read more: NAV finance market to deploy $145bn by 2030
The fund has attracted a diverse global investor base of new and existing limited partners, including public and corporate pension plans, sovereign wealth funds, asset managers and family offices.
The fundraise comes amid a growing need for liquidity solutions across the private markets landscape, the firm said.
Read more: Crestline Investors closes $1bn direct lending CLO
Challenging exit environments, lengthening holding periods, and macroeconomic uncertainty have driven significant demand for NAV finance solutions.
“Crestline has deliberately maintained a disciplined fund size, enabling us to remain nimble and responsive to market dynamics,” said Dave Philipp, partner and head of fund liquidity solutions at Crestline.
Read more: Crestline raises £3.5bn for fourth flagship direct lending fund
It comes after the business announced last week it had raised $3.5bn for its fourth flagship direct lending fund.
