Unusual deal: Crestline-Kirchner takes over management of hedge fund


Crestline-Kirchner Private Equity Group recently stepped in as manager for an underwater hedge fund launched by the late Richard Medley, in an unusual transfer of control to run the portfolio as a private equity pool.

Medley Opportunity Fund LP (MOF I), a domestic fund, has been renamed CK Pearl Fund LP. The name change also applies to the fund’s overseas vehicle, Medley Opportunity Fund Ltd. Launched in 2006 as a hedge fund to invest in ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.