Crayhill Capital Management, a $3 billion alternative asset management firm specializing in asset-based finance, has announced the close of Crayhill Principal Strategies Fund III, with approximately $1.31 billion of capital commitments, including $162 million of committed co-investment capacity, exceeding its $1 billion target.
The oversubscribed flagship Fund III attracted a diversified base of institutional investors, including large public and corporate pension plans, insurance companies, endowments and foundations, and multi-family offices, demonstrating robust institutional appetite for the firm’s differentiated private credit strategies.
The partner-owned firm offers an alternative to traditional private corporate lending funds, given that its asset-based finance (ABF) strategy focuses on assets with intrinsic value that can be monetized independently of a borrower’s overall performance. Fund III will leverage Crayhill’s comprehensive ABF platform and risk
