NEWS
Paul Hastings Advises Crestline in Agreement to Sell $17 Billion Private Credit and Alternative Investment Solutions Manager to Rithm Capital
September 04, 2025
Paul Hastings LLP advised Crestline Investors, Inc. on its definitive agreement to sell its subsidiary Crestline Management, L.P., an alternative investment manager with approximately $17 billion in assets under management, including certain elements of its insurance business, to global alternative asset manager Rithm Capital Corp.
The Paul Hastings team, led by partners Sanjiv Tata (insurance regulatory), Kirk Lipsey (M&A) and Daniel Nicholas (insurance tax), is advising Crestline on all insurance regulatory, insurance M&A and insurance tax aspects of the transaction.
The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including the receipt of insurance regulatory approvals that Paul Hastings will assist in obtaining.
More details can be found here.
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