Crestline Management, L.P. (Fort Worth)

Name: Crestline Management, L.P.
Address: 201 Main Street, Fort Worth, TX, 76102 3135
Telephone: 817-339-7600

Crestline Management, L.P. is a large advisory firm based in Fort Worth. It manages $12.73 billion of regulatory assets for 74 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Texas.

Crestline Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Crestline Management: assets under management

The assets under management (AUM) of Crestline Management, L.P. is $12.73 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5506% since the beginning of its operation, and $10.02 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $12.73 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $171.98 million each.

Crestline Management has custody of $8.15 billion in cash and securities for 40 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in sovereign bonds the most. They account for 37% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 35% of the firm’s portfolio. Investments in non-exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crestline Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Douglas Kelvin Bratton serves?

The firm provides services to pooled investment vehicles, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Douglas Kelvin Bratton is pooled investment vehicles with 49 clients and $5.81 billion of assets under management. Among the 8 most similar advisory firms, Crestline Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $12.28 billion for 68 clients. 65% of the firm’s clients are foreign persons or businesses.

Crestline Management also advises several private funds. Namely, thirty hedge funds, two other private funds, and three private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $15,000,000.

Careers at Crestline Management, L.P.

The company employs 121 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Douglas Kelvin Bratton has been acting as President since 1 Jan 1998. Christopher J Semple joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Crestline Investors	General partner	1 Jan 1998	Other	75-2741694
Douglas Kelvin Bratton	Limited partner/ceo/president	1 Jan 1998	50% - 75%	1287903
Caroline Ann Cooley	Vice-president	1 Jun 2001	Other	2944322
John S. Cochran	Cfo/vice president	1 Jun 2001	Other	4602808
Camille Sassman	Compliance officer	1 Sep 2002	Other	4603314
Camille Sassman	Chief compliance officer	1 Oct 2004	Other	4603314
Miles Ellis Bratton 2005 Trust	Limited partner	1 Jul 2006	Other	20-6413810
Alexandra Kent Bratton 1994 Trust	Limited partner	1 Jul 2006	Other	75-6466572
L.P. Bow 'N Arrow Partners	Limited partner	1 Jul 2006	Other	75-2892778
Jesus Humberto Payan	Chief compliance officer	1 Jan 2007	Other	5314352
Camille Sassman	Chief financial officer	1 Jan 2012	Other	4603314
L.P. Thru Line	Limited partner	1 Jan 2016	25% - 50%	75-2000569
Keith Frederick Williams	Managing director	1 May 2016	Other	6805805
L.P. Light Tree	Limited partner	1 Dec 2016	Other	81-4479987
Paula Baty Roberts	Chief compliance officer	1 Mar 2017	Other	2891163
Christopher J Semple	Partner	1 Jun 2018	Other	4418608

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Anne Marie Bratton	Trustee	1 Oct 1994	Other	5315371
Douglas Kelvin Bratton	Sole shareholder	1 Dec 1997	75% - 100%	1287903
Martin Coleman Bowen	General partner	1 Jul 2000	Other	1470887
Anne Marie Bratton	Trustee	1 Feb 2005	Other	5315371
Thru Line Gp Llc	General partner	1 Jul 2005	Other	75-2000569
Fine Line L.P.	Limited partner	1 Jul 2005	75% - 100%	75-2000569
Fine Line Gp Llc	General partner	1 Jul 2005	Other	75-2000569
Edward Bass	Member	1 Jul 2005	75% - 100%	6629107
Martin Coleman Bowen	Member	1 Apr 2007	75% - 100%	1470887
Llc Bow'n Arrow Genpar	General partner	1 Apr 2007	Other	75-2892778
Douglas Kelvin Bratton	Trustee	1 Dec 2016	Other	1287903
Llc Parhelion Growth	General partner	1 Dec 2016	Other	n/a
Mb Management Trust	Member	1 Dec 2016	Other	n/a

Based in Fort Worth

The principal office where Crestline Management, L.P. performs its advisory services is located at 201 Main Street, Fort Worth, TX 76102 3135, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-339-7600 or by fax 817-339-7378. The normal business hours are 8:00 a.m. - 5:00 p.m. cst on Monday - Friday. You can find more information about the New York firm at crestlineinvestors.com and its LinkedIn profile.