Crestline closes $1bn direct lending CLO

The instrument sets a high bar for mid-market CLO closings in 2025.

Crestline Investors announced that it has held a final close for its Crestline Direct Lending CLO I, a new issue mid-market collateralised loan obligation, at $1 billion.

The CLO will be managed by Crestline and all equity interests will be retained by its Crestline Specialty Lending Fund III.