Rithm Capital to acquire Crestline Management, terms not disclosed

Rithm Capital (RITM) announced that it has entered into a definitive agreement to acquire Crestline Management, an alternative investment manager with approximately $17B in assets under management. Rithm’s combined platform, including Crestline and Sculptor, will be comprised of $98 billion in investable assets, consisting of $45B of assets on balance sheet and approximately $53B in assets under management, and will offer institutional investors a broad suite of innovative strategies across asset classes and return profiles-powered by over 200 seasoned investment professionals. The transaction is expected to close in the fourth quarter 2025, subject to customary regulatory approvals and closing conditions.