Rithm Capital to Acquire Crestline
Vinson & Elkins represented Crestline Management, L.P., an alternative investment manager with approximately $17 billion in assets under management, in connection with its entry into a definitive agreement to be acquired by Rithm Capital Corp.
The transaction is expected to close in the fourth quarter of 2025, subject to customary regulatory approvals and closing conditions.
The Vinson & Elkins team was led by partners Ron Nardini and Ben Heriaud, senior associate Alice Zhang, and associate Lindsay Moore. Also advising were partner Joo Hyun Lee and associate Eric Hechler; partner Brian Russell and associate Keleigh Carver.
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