DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Crestline Management, L.P.
Latest filing Aug 28, 2026
First filing on the tape Mar 30, 2012 · 61 filings
SEC status approved since Dec 2, 2002
RAUM
$23B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$23B
derived; firm RAUM over IAPD count
Employees
195
113 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
37
reported on Schedule D
History
61 filings and snapshots on the tape
RAUM$23B as of Aug 28, 2026
Mar 30, 2012$6.4B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 28, 2026
Apr 1, 20130 then
Employees (5.A)195 as of Aug 28, 2026
Apr 1, 201375 then
Private funds37 as of Aug 28, 2026
Mar 30, 201227 then
RAUM +9.8% over the last fiscal year+2.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 28, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $23BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $167MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 41%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 195.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +9.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-based, otherreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- $14B, 96 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$13B57%
- Pension and profit-sharing plans$4.8B22%
- Insurance companies$2.6B12%
- Sovereign wealth funds$885M4.0%
- State and municipal entities$800M3.6%
- Other investment advisers$132M0.6%
- Corporations and businesses$97.7M0.4%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- 9reported
- Charitable clients
- n/areported
- Accounts
- 135reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $14B for 96 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.59 institutional_share=0.41 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Douglas Kelvin Bratton | Fort Worth, Tx | Jan 1, 2003 | 30 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
128 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Crestline Summit Master, Spc - Peak Sp | Hedge Fund | $3.2B | 51 | Mar 1, 2018 |
| Crestline Summit Pinnacle Master, L.P. | Hedge Fund | $2.0B | 16 | Aug 29, 2024 |
| Crestline Opportunity Fund V Master Fund, L.P. | Hedge Fund | $1.8B | 253 | Aug 29, 2022 |
| Crestline Summit Master, Spc - Apex Sp | Hedge Fund | $1.8B | 5 | Nov 3, 2021 |
| Crestline Specialty Lending III, L.P. | Hedge Fund | $1.7B | 94 | Nov 25, 2020 |
| Cl Alaska, L.P.no longer reported | Hedge Fund | $1.3B | 3 | Mar 31, 2014 |
| Crestline Opportunity Fund IV Master Fund, L.P. | Hedge Fund | $1.3B | 187 | Nov 27, 2019 |
| Crestline Specialty Lending II, L.P. | Hedge Fund | $860M | 81 | Sep 29, 2017 |
| Crestline Portfolio Financing Fund II, L.P. | Hedge Fund | $593M | 96 | Aug 28, 2020 |
| Crestline Pf Sentry Fund, Scsp | Hedge Fund | $584M | 6 | Nov 29, 2023 |
| Crestline Structured Note Issuer I LLC | Hedge Fund | $500M | 2 | Aug 29, 2024 |
| Crestline Direct Lending IV, Scsp | Hedge Fund | $461M | 15 | Nov 29, 2023 |
| Blue Glacier Fund, L.P. - Class Cno longer reported | Hedge Fund | $441M | 2 | Mar 30, 2016 |
| Crestline Enchantment Fund, LLC - Class Ano longer reported | Other Private Fund | $423M | 1 | Mar 30, 2012 |
| Crestline Opportunity Fund III (Ireland), Dac | Hedge Fund | $405M | 101 | Nov 29, 2016 |
| Crestline Opportunity Fund III (Europe) Master Fund D Scsp | Hedge Fund | $363M | 81 | Mar 1, 2019 |
| Crestline Ak Permanent Fund, L.P. - Class Bno longer reported | Other Private Fund | $341M | 2 | Apr 1, 2013 |
| Crestline Direct Lending Ul Master Fund, Scsp | Hedge Fund | $340M | 19 | Nov 29, 2022 |
| Crestline Portfolio Financing Fund, L.P. | Hedge Fund | $297M | 104 | May 30, 2018 |
| Blue Glacier Fund, L.P. - Class Bno longer reported | Other Private Fund | $285M | 2 | Mar 31, 2014 |
| Crestline Maple Operating Trust | Hedge Fund | $278M | 3 | Mar 1, 2019 |
| Cl Alpamayo Trading Fund, L.P.no longer reported | Hedge Fund | $260M | 2 | Mar 31, 2014 |
| Crestline Summit Master, Spc - Clm Summit Financials - 1 Spno longer reported | Hedge Fund | $259M | 1 | Mar 30, 2016 |
| Crestline Ak Permanent Fund, L.P. - Class Ano longer reported | Other Private Fund | $236M | 2 | Mar 30, 2012 |
| Crestline Ak Opportunistic Fund, L.P.no longer reported | Hedge Fund | $232M | 2 | Mar 30, 2016 |
| Crestline Summit Master, Spc - Financials - 3 Spno longer reported | Hedge Fund | $229M | 1 | Aug 29, 2017 |
| Special Offshore Ltd. Eno longer reported | Hedge Fund | $212M | 1 | Mar 30, 2012 |
| Crestline Ak Advisory Investments, L.P.no longer reported | Hedge Fund | $196M | 2 | Aug 29, 2016 |
| Crestline Stepstone Opportunistic Credit Master Fund I, L.P. | Hedge Fund | $186M | 10 | Aug 29, 2022 |
| Crestline Cs Fund, L.P.no longer reported | Hedge Fund | $169M | 2 | Mar 30, 2012 |
| Crestline Lending Solutions Ramp, LLC | Hedge Fund | $162M | 30 | Nov 27, 2024 |
| Crestline Cs 3000 Fund, L.P.no longer reported | Hedge Fund | $153M | 1 | Apr 16, 2012 |
| Cl Levi Co-Invest, L.P. | Hedge Fund | $153M | 20 | Aug 29, 2022 |
| Crestline Summit Master, Spc - Utilities - 1 Spno longer reported | Hedge Fund | $152M | 1 | May 27, 2016 |
| Crestline Specialty Lending, L.P.no longer reported | Hedge Fund | $133M | 32 | Mar 31, 2015 |
| Crestline Sundance Fund, L.P. | Hedge Fund | $125M | 3 | Nov 29, 2022 |
| Cl Commonwealth, Inc. | Other Private Fund | $102M | 13 | Mar 1, 2023 |
| Crestline Offshore Recovery Fund II, L.P.no longer reported | Hedge Fund | $101M | 7 | Mar 30, 2012 |
| Crestline Summit Master, Spc - Healthcare - 1 Spno longer reported | Hedge Fund | $99.3M | 1 | Mar 30, 2016 |
| Crestline Summit Master, Spc - Industrials - 1 Spno longer reported | Hedge Fund | $98.7M | 1 | Mar 30, 2016 |
Owners and control persons
Schedule A and B, latest filing
- Kelvin Douglas Bratton · Limited Partner/Ceo/Presidentcontrolsince 01/1998 · owns 10% to 25%
- S. John Cochran · Limited Partner/Chief Operations Officercontrolsince 06/2001 · owns less than 5%
- Ann Caroline Cooley · Limited Partnercontrolsince 06/2001 · owns 5% to 10%
- Batton Frank Jordan · Limited Partnercontrolsince 01/2020 · owns less than 5%
- E William Palmer · Limited Partnercontrolsince 04/2024 · owns less than 5%
- Humberto Jesus Payan · Limited Partner/Chief Legal Officercontrolsince 01/2007 · owns less than 5%
- Bf David Philipp · Limited Partnercontrolsince 05/2021 · owns less than 5%
- Baty Paula Roberts · Chief Compliance Officercontrolsince 03/2017 · owns less than 5%
- Camille Sassman · Chief Financial Officercontrolsince 01/2012 · owns less than 5%
- J Christopher Semple · Limited Partnercontrolsince 06/2018 · owns less than 5%
- Frederick Keith Williams · Limited Partner/Co-Ciocontrolsince 05/2016 · owns less than 5%
- Kelvin Douglas Bratton · Sole Shareholdercontrolsince 12/1997 · owns 75% or more of Crestline Investors, Inc.
- Edward Bass · Membersince 07/2005 · owns 75% or more of Fine Line Gp LLC
- Edward Bass · Limited Partnersince 07/2005 · owns 75% or more of Fine Line L.P.
- Coleman Martin Bowen · Membersince 04/2007 · owns 75% or more of Bow'N Arrow Genpar, LLC
- Kelvin Douglas Bratton · Trusteesince 10/2019 · owns F of Akb Management Trust
- Kelvin Douglas Bratton · Trusteesince 12/2016 · owns F of Mb Management Trust
- Sheree Dawn Cochran · Limited Partnersince 07/2021 · owns 50% to 75% of Jdc Partners, LLC
- Sheree Dawn Cochran · Limited Partnersince 07/2021 · owns 25% to 50% of Cochran Family Partners, L.P.
- S. John Cochran · Limited Partnersince 07/2021 · owns 50% to 75% of Jdc Partners, LLC
- S. John Cochran · Limited Partnersince 07/2021 · owns 25% to 50% of Cochran Family Partners, L.P.
Entity owners
- Cochran Family Partners, L.P. · Limited Partnerdirect · owns 5% to 10%
- Crestline Investors, Inc. · General Partnerdirect · owns less than 5%
- Agapekladi, L.P. · Limited Partnerdirect · owns less than 5%
- Bow 'N Arrow Partners, L.P. · Limited Partnerdirect · owns less than 5%
- Light Tree, L.P. · Limited Partnerdirect · owns less than 5%
- Thru Line, L.P. · Limited Partnerdirect · owns 25% to 50%
- Agapekladi Genpar, LLC · General Partnerindirect · owns F of Agapekladi, L.P.
- Akb Management Trust · Limited Partnerindirect · owns 75% or more of Agapekladi, L.P.
- Akb Management Trust · Memberindirect · owns F of Agapekladi Genpar, LLC
- Bow'N Arrow Genpar, LLC · General Partnerindirect · owns F of Bow'N Arrow Partners, L.P.
- Fine Line Gp LLC · General Partnerindirect · owns F of Fine Line L.P.
- Fine Line L.P. · Memberindirect · owns 75% or more of Thru Line Gp LLC
- Fine Line L.P. · Limited Partnerindirect · owns 75% or more of Thru Line, L.P.
- Jdc Partners, LLC · General Partnerindirect · owns F of Cochran Family Partners, L.P.
- Mb Management Trust · Memberindirect · owns F of Parhelion Growth, LLC
- Mb Management Trust · Limited Partnerindirect · owns 75% or more of Light Tree, L.P.
- Parhelion Growth, LLC · General Partnerindirect · owns F of Light Tree, L.P.
- Thru Line Gp LLC · General Partnerindirect · owns F of Thru Line, L.P.
Related persons
Schedule D 7.A
- Cl Ascent Gppooled vehicle sponsorn
- Cl Diamond II Gp, LLCpooled vehicle sponsorn
- Cl Eof (Gp), LLCpooled vehicle sponsorn
- Cl Forgotten Coast Fund (Gp), L.P.pooled vehicle sponsorn
- Cl Horizon (Gp), L.P.pooled vehicle sponsorn
- Cl Life And Annuity Insurance Companyreal estatey
- Cl Oliver Gp, LLCpooled vehicle sponsorn
- Cl Opp 3 Energy (Gp), LLCpooled vehicle sponsorn
- Cl Opp 3 Spv (Gp), Ltd.pooled vehicle sponsorn
- Cl Pf (Gp), Ltdpooled vehicle sponsorn
- Crestline Ak Advisory III (Gp), L.P.pooled vehicle sponsorn
- Crestline Associates III, L.P.bankpooled vehicle sponsorn
- Crestline Associates, L.P.bankpooled vehicle sponsorn
- Crestline Ci (Gp), LLC - Cl Tradingpooled vehicle sponsorn
- Crestline Ci (Gp), LLC - Series Levipooled vehicle sponsorn
- Crestline Ci (Gp), LLC - Series Longlinepooled vehicle sponsorn
- Crestline Ci (Gp), LLC - Series Nevispooled vehicle sponsorn
- Crestline Ci (Gp), LLC - Series Newbrookpooled vehicle sponsorn
- Crestline Ci (Gp), LLC - Series Oak Lanepooled vehicle sponsorn
- Crestline Ci (Gp), LLC - Series Ventuspooled vehicle sponsorn
- Crestline Ci (Gp), LLC - Series Zippypooled vehicle sponsorn
- Crestline Denali Capital, L.P.investment adviserpooled vehicle sponsoryRAUM $2.6B
- Crestline Eagle Creek (Gp), L.P.pooled vehicle sponsorn
- Crestline Lion Gp, LLCpooled vehicle sponsorn
- Crestline Offshore Associates, Ltd.bankpooled vehicle sponsorn
- Crestline Opportunistic Credit Ia (Gp), L.P.pooled vehicle sponsorn
- Crestline Opportunity IV Gp, LLCpooled vehicle sponsorn
- Crestline Portfolio Financing Fund (Gp), Ltd.pooled vehicle sponsorn
- Crestline Portfolio Financing Fund II (Gp), Ltd.pooled vehicle sponsorn
- Crestline Praeter (Gp), LLCpooled vehicle sponsorn
Advisers that list Crestline Management, L.P. as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY19 employees
- Toronto, Canada7 employees
What changed
consecutive filings, newest first
- Private funds · 39 to 37Mar 30, 2026 to Aug 28, 2026
- Accounts · 146 to 135Feb 27, 2026 to Mar 30, 2026
- Advisory employees · 107 to 113Feb 27, 2026 to Mar 30, 2026
- Advisory activities · 2 to 3Feb 27, 2026 to Mar 30, 2026
- Pooled vehicle clients · 110 to 100Feb 27, 2026 to Mar 30, 2026
- Assets in custody · $12B to $14BFeb 27, 2026 to Mar 30, 2026
- Employees · 176 to 195Feb 27, 2026 to Mar 30, 2026
- Private funds · 40 to 39Feb 27, 2026 to Mar 30, 2026
- Discretionary RAUM · $20B to $23BFeb 27, 2026 to Mar 30, 2026
- Pension RAUM · $4.9B to $4.8BFeb 27, 2026 to Mar 30, 2026
- Pooled vehicle RAUM · $12B to $13BFeb 27, 2026 to Mar 30, 2026
- RAUM · $20B to $23BFeb 27, 2026 to Mar 30, 2026
- Private funds · 38 to 40Dec 23, 2025 to Feb 27, 2026
- Private funds · 39 to 38Nov 28, 2025 to Dec 23, 2025
- Private funds · 42 to 39Aug 29, 2025 to Nov 28, 2025
- Private funds · 46 to 42May 30, 2025 to Aug 29, 2025
- Financial planning clients · unset to Mar 31, 2025 to May 30, 2025
- Accounts · 143 to 146Feb 28, 2025 to Mar 31, 2025
- Advisory employees · 148 to 107Feb 28, 2025 to Mar 31, 2025
- Pooled vehicle clients · 108 to 110Feb 28, 2025 to Mar 31, 2025
- Assets in custody · $16B to $12BFeb 28, 2025 to Mar 31, 2025
- Employees · 218 to 176Feb 28, 2025 to Mar 31, 2025
- Private funds · 50 to 46Feb 28, 2025 to Mar 31, 2025
- Discretionary RAUM · $25B to $20BFeb 28, 2025 to Mar 31, 2025
- Pension RAUM · $5.6B to $4.9BFeb 28, 2025 to Mar 31, 2025
- Pooled vehicle RAUM · $15B to $12BFeb 28, 2025 to Mar 31, 2025
- RAUM · $25B to $20BFeb 28, 2025 to Mar 31, 2025
- Private funds · 49 to 50Nov 27, 2024 to Feb 28, 2025
- Private funds · 48 to 49Aug 29, 2024 to Nov 27, 2024
- Private funds · 45 to 48May 30, 2024 to Aug 29, 2024
- Accounts · 123 to 143Feb 29, 2024 to Mar 28, 2024
- Advisory employees · 142 to 148Feb 29, 2024 to Mar 28, 2024
- Pension plan clients · 8 to 9Feb 29, 2024 to Mar 28, 2024
- Pooled vehicle clients · 92 to 108Feb 29, 2024 to Mar 28, 2024
- Assets in custody · $14B to $16BFeb 29, 2024 to Mar 28, 2024
- Employees · 203 to 218Feb 29, 2024 to Mar 28, 2024
- Private funds · 46 to 45Feb 29, 2024 to Mar 28, 2024
- Discretionary RAUM · $21B to $25BFeb 29, 2024 to Mar 28, 2024
- Pension RAUM · $4.9B to $5.6BFeb 29, 2024 to Mar 28, 2024
- Pooled vehicle RAUM · $12B to $15BFeb 29, 2024 to Mar 28, 2024
Signals
4 dated events
- E William Palmer (Limited Partner) appeared on Schedule A of Crestline Management, L.P.May 30, 2024 · Control person joined · fact
- Bf David Philipp (Partner) appeared on Schedule A of Crestline Management, L.P.Aug 27, 2021 · Control person joined · fact
- Batton Frank Jordan (Partner) appeared on Schedule A of Crestline Management, L.P.Feb 28, 2020 · Control person joined · fact
- Crestline Management, L.P. reported RAUM $12.7B, up 42% from $9.0B (2019-03-01 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Crestline Management, L.P. · Independent Sponsorsshared crd · capital_provider
- Crestline Management, L.P. · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/crestline-investors-inc.reportedpublic record, Form ADV, Sep 17, 2026
- Website
- CRESTLINEINVESTORS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 817-339-7600reportedpublic record, Form ADV, Aug 28, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $23Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026