Crestline, an alternative-asset manager, is exploring strategic options including a sale, according to Bloomberg News.
The Fort Worth, Texas-based firm is working with an adviser as it solicits interest from potential suitors, Bloomberg reported. Founded in 1997, Crestline had more than $18 billion of assets under management at the end of last year. The firm is focused on credit and so-called opportunistic investments. Consolidation in the alternative investment industry is ramping up as investors become more picky about where they park their cash amid high interest rates and elevated inflation.