Rithm Capital completed the acquisition of Crestline for $17bn.

Rithm Capital, a private equity firm, completed the acquisition of Crestline, an alternative asset management firm, for $17bn. “The completion of this transaction is a significant milestone in Rithm’s evolution and demonstrates our commitment to building a world-class investment platform. Crestline’s strong investment track record, exceptional management team, and diverse offerings further solidify Rithm as a differentiated global asset management business and enable us to capitalize on this dynamic market environment. Looking ahead, we expect to continue to deliver excellent performance and enhanced opportunities for our clients and shareholders,” Michael Nierenberg, Rithm Capital Chief Executive Officer.