Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides beta and hedging solutions for institutional clients. The company maintains affiliate offices in New York City, London, Toronto and Tokyo.
Crestline's Fund Liquidity Solutions (FLS) provides bespoke financings to private equity funds and other asset vehicles seeking additional capital to support, grow and protect underlying portfolio companies, make additional acquisitions, provide liquidity to investors and other opportunistic portfolio management needs. The FLS group is looking to grow its talent pool with an experienced senior analyst/associate to join a high-performing, fast-paced and collaborative team.
The position will be based at Crestline Investor's headquarters in Fort Worth, Texas, with the ability to work in our Dallas office occasionally.
Responsibilities:
- Conduct due diligence on alternative asset fund managers (private equity, venture capital, sector-specific specialists, etc.) and underlying portfolio companies including on-site diligence, strategy and portfolio reviews, quantitative and qualitative performance analyses.
- Evaluate portfolio companies by participating in meetings with the fund’s deal teams, portfolio company management teams and industry experts as well as reviewing financial models, assessing the investment theses and risks, performing financial analyses to forecast investment returns, and developing relevant industry and portfolio company research from various third-party databases and resources.
- Construct company and fund-level financial forecasts and valuation models, including having strong understanding of, among others, DCF, LBO, M&A, accretion/dilution, comparable company and precedent transaction analyses.
- Lead preparation of internal investment committee materials to review and approve investments.
- Consistently monitor existing investments and underlying portfolio companies and prepare quarterly materials for reporting to management and limited partners.
- Interact and work with third-party service providers such as attorneys, accountants, industry experts and valuation consultants.
Skills and Experience Required:
- Bachelor’s degree in Finance, Economics, Business Administration, or a related field. Master’s degree or CFA designation is a plus.
- A minimum 2-4 years or more experience in private equity/credit, investment banking, financial due diligence, valuation, PE secondaries, leveraged finance or similar “deal-driven” fields.
- Intellectually curious and highly self-motivated: ability to think critically and creatively to drive investment processes and solve problems (most transactions are complex, special situations requiring flexible capital solutions).
- Strong analytical skills and proficiency in financial modeling and valuation techniques, including forecasting cash flows and investment return scenarios and analyzing LBO models and capital structure waterfalls.
- Live deal execution experience is preferred.
- Familiarity with reviewing leveraged credit documentation is a plus.
- Excellent written and oral communication skills, with the ability to work with others.
- Proficiency in Microsoft Office Suite – especially Excel and PowerPoint, Capital IQ, Bloomberg, and Salesforce.
- Ability to travel for deal diligence and conferences as needed.
