Rithm Capital Corp., the parent of multichannel lender Newrez, completed its acquisition of Crestline Management on Monday, pushing its investable assets past $102 billion.

The deal “is a significant milestone in Rithm’s evolution and demonstrates our commitment to building a world-class investment platform,” CEO Michael Nierenberg said in a statement. 

Crestline adds $17 billion in assets under management and extends Rithm’s capabilities into direct lending, fund liquidity solutions, insurance and reinsurance.

“Our teams have already begun working together to identify opportunities to integrate our capabilities and support the expansion of Rithm’s broader platform,” Doug Bratton, founding partner and CEO of Crestline, said details ⇒

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