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0 0 0.00269654684922891 -0.00428480421673613 0.00269654684922891 -0.0042411707725738 0.00618722238221151 -0.00428480421673613
Stock impact report

Rithm Capital Completes Acquisition of Crestline

Rithm Capital Corp. (RITM) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (“Rithm”), a global alternative asset manager, today announced the successful completion of its previously announced acquisition of Crestline Management, L.P. (“Crestline”).This acquisition marks a pivotal step in Rithm’s strategy to build an integrated, diversified asset management platform delivering differentiated investment offerings to institutional and private wealth investors. Together with Crestline and Sculptor, Rithm’s over 200 investment professionals manage approximately $102 billion in investable assets consisting of $47 billion of assets on balance sheet and $55 billion in assets under management, across a diversified set of strategies, including asset-based finance, real estate, structured and corporate credit, fund liquidity, insurance and reinsurance.“The completion of this transaction is a significant milestone in Rithm’s evolution and demonstrates our commitment to building a world-class investment platform,” said M Show less Read more
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