Private equity firm Cresset Partners has been renamed Peakline Partners, effective Feb. 11.
A spokesperson for the firm said the name change will not result in any changes in investment strategies.
As Peakline, the firm will “continue to execute on its core strategies to serve its growing base of investors, including families, family offices and clients of Cresset Asset Management and other wealth advisers,” said a news release Feb. 11.
Cresset Asset Management is a subsidiary of Peakline. Peakline will also retain its same team, the news release said.
“As our business has matured and the market has expanded, the time is right for Peakline to stand on its own as an independent private investments business,” said Bill Rudnick, executive managing director of Peakline, in the release. “We will continue to rely on our extensive industry knowledge, large professional networks, and relationships with Cresset and the broader private wealth and family office market to access compelling private market opportunities.”
Chicago-based Peakline has more than $3.8 billion in committed capital across real estate, private equity, private credit, venture capital and other alternative asset classes.
