Fresh equity of $31.7 million lands in the same week the manager locks in firmer bank financing, with net asset value holding essentially flat.

July 31, 2026

Crestline Lending Solutions, LLC has restructured its bank financing to secure substantially more dependable leverage, lifting the committed portion of its credit facility from $150 million to $350 million while trimming the uncommitted portion from $150 million to $50 million.

The change was effected through Amendment No. 1 to the Loan Financing and Servicing Agreement, entered into on July 29, 2026. The shift in the mix, rather than the headline capacity, is the substance of the amendment: converting discretionary availability into firm commitment gives the manager contractual certainty on the bulk of its financing — a meaningful upgrade for a vehicle underwriting private loans that must be funded on schedule. Borrowings continue to be constrained by the asset coverage requirements of the Investment Company Act of 1940.

The Facility Structure

The credit line runs through a dedicated financing subsidiary, with roles allocated as follows:

• Borrower: CL LSF SPV I, LLC, a wholly owned subsidiary
• Servicer: Crestline Lending Solutions, LLC
• Facility agent and lender: Deutsche Bank AG, New York Branch
• Collateral agent and custodian: State Street Bank and Trust Company

A Larger Call From Investors

Five days before the amendment, on July 24, the fund completed a capital call, issuing roughly 1,612,698 units of its limited liability company interests at $19.63 apiece for aggregate proceeds of approximately $31.7 million. The units were sold under subscription agreements that obligate investors to fund drawdowns up to their respective commitments, with the fund required to deliver notice at least 10 days ahead of each funding date.

The July call is well ahead of the roughly $18.1 million the fund drew in April, and arriving alongside the expanded committed facility, it suggests the portfolio is scaling rather than merely maintaining pace.

The units were placed privately, relying on the exemption under Section 4(a)(2) of the Securities Act together with Regulation D and Regulation S as applicable, supported by accredited investor representations from participating subscribers.

Valuation Held Steady

Crestline Management, L.P., the fund’s investment adviser, serves as valuation designee under Rule 2a-5 and determined net asset value per unit as of July 22, 2026 at $19.63 — the price applied to the July issuance. That mark is effectively unchanged from the level struck for the April call, indicating a portfolio whose carrying value has been stable across the quarter even as its asset base has grown.