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Crestline Summit, the public markets hedge fund division of Crestline Investors Inc. announced on Tuesday that it is rebranding as SummitTX (pronounced “Summit ‘T’ ‘X’”) and the independent registration of SummitTX Capital, L.P. as the SEC registered investment adviser for the SummitTX Funds.
The rebranding represents a broader effort to elevate the hedge fund business and brand while creating a clear distinction between Crestline’s public markets and private markets businesses, firm officials said. Following the rebranding and additional operating and regulatory independence, the $3-plus billion AUM SummitTX will remain a subsidiary of Crestline Investors Inc.
The announcement follows continued strong investment performance — one of the strongest years of growth for the firm since its inception — which has led to more than doubling assets over the past two years and the launch of a well-received, larger balance sheet version of its original fund, the firm said.
“Over the last few years, we have built an incredible team and culture, developing operational independence that enables SummitTX to function as a distinct brand. The rebrand solidifies our path forward in positioning SummitTX as a leading name within the hedge fund industry,” said Caroline Cooley, Managing Partner and Chief Investment Officer at SummitTX.
The new name, SummitTX, derives from the firm’s commitment to providing continuity from its existing business and the “TX”, which pays homage to its Texas heritage. Moreover, the “TX” superscript format in the logo signifies an exponent that connotes growth — Summit to the power of TX.
“SummitTX was originally founded upon a set of established core values, a robust senior leadership team, and a collaborative culture and investment process,” said Douglas Bratton, founding partner, CEO, and co-chief investment officer at Crestline Investors. “Under this rebrand, these tenets will only continue to flourish, and we look forward to seeing all that is to come in this next era for SummitTX.”
Founded in 2015, SummitTX is an open architecture multi-manager, multi-strategy hedge fund manager. SummitTX manages more than $3 billion across three investment solutions harnessing the same investment process and portfolio.