DelGatto Diamond Finance has received a $100 million facility from Crestline Investors, a credit-focused institutional alternative asset manager.
DelGatto Diamond Finance specializes in collateral-based diamond and jewelry industry financing. Started by Circa founder Chris Del Gatto (pictured), the DelGatto Diamond Finance Fund has financed more than 75 companies globally since its inception.
The new funds will enable the company to “expand our financing throughout the globe,” said DelGatto, who is also the fund’s chief executive officer, in a statement.
Del Gatto talked to JCK about how his fund works in August 2018.
“We are excited to work with DelGatto to service diamond participants, and we look forward to collaborating with their team as they continue to establish themselves as the primary non-bank finance platform for this unique industry,” said Rahul Vaid, managing director at Fort Worth, Texas–based Crestline Investors, in a statement.
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