(IDEX Online) - DelGatto Diamond Finance has received a $100 million facility from Crestline Investors, Inc., a credit focused institutional alternative asset manager. The finance provider said the investment increases its ability to meet growing financing demand across all major diamond and jewelry markets.
"We are delighted for our partnership with Crestline as we continue to finance the midstream diamond and jewelry industry," said DelGatto founder and CEO Christoperher Del Gatto. "I am confident that Crestline's expertise in direct lending will be an asset for us as we expand our financing across the globe."
"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 Texas-based Crestline Investors.
New York-based Delgatto offers collateral-based financing to the diamond and jewelry industry. Since its inception in 2018, the firm has financed over 75 companies. ...