Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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Crestline Lending Solutions, LLC (Name of Issuer) |
Units of Limited Liability Company Interests (Title of Class of Securities) |
000000000 (CUSIP Number) |
12/31/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 000000000 |
| 1 | Names of Reporting Persons
Partners Capital Holdings, LLP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
14,578,883.46 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
85.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC, PN |
SCHEDULE 13G
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| CUSIP No. | 000000000 |
| 1 | Names of Reporting Persons
Partners Capital Investment Group, LLP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
14,578,883.46 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
85.0 %
| ||||||||
| 12 | Type of Reporting Person (See Instructions)
IA, HC, PN |
SCHEDULE 13G
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| CUSIP No. | 000000000 |
| 1 | Names of Reporting Persons
Partners Capital LLP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED KINGDOM
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
3,602,258.23 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
21.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN, FI |
SCHEDULE 13G
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| CUSIP No. | 000000000 |
| 1 | Names of Reporting Persons
Syracuse University | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
NEW YORK
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,938,652.35 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
11.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Crestline Lending Solutions, LLC | |
| (b) | Address of issuer's principal executive offices:
201 Main Street, Suite 2100, Fort Worth, TX 76102 | |
| Item 2. | ||
| (a) | Name of person filing:
Partners Capital Holdings, LLP Partners Capital Investment Group, LLP Partners Capital LLP (Collectively, the "Partners Capital Reporting Persons") Syracuse University (Collectively with the Partners Capital Reporting Persons, the "Reporting Persons") | |
| (b) | Address or principal business office or, if none, residence:
c/o Partners Capital Holdings, LLP Federal Reserve Plaza 600 Atlantic Ave, 30th Floor Boston, MA 02210 | |
| (c) | Citizenship:
Partners Capital Holdings, LLP and Partners Capital Investment Group, LLP: Delaware Syracuse University: New York Partners Capital LLP: United Kingdom | |
| (d) | Title of class of securities:
Units of Limited Liability Company Interests | |
| (e) | CUSIP No.:
000000000 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
| |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
The Reporting Persons, in the aggregate, beneficially own 14,578,883.46 units of limited liability company interests (the "Shares") of Crestline Lending Solutions, LLC (the "Issuer"). Partners Capital LLP, an investment adviser registered with the United Kingdom's Financial Conduct Authority (the "UK FCA"), beneficially owns 3,602,258.23 Shares held in accounts of clients over which Partners Capital LLP has voting and dispositive power. Partners Capital Investment Group Ltd. is the direct holding company of Partners Capital LLP. Partners Capital Investment Group, LLP, an investment adviser registered with the U.S. Securities and Exchange Commission, is the direct holding company of Partners Capital Investment Group Ltd. Additionally, Partners Capital Investment Group, LLP beneficially owns 14,578,883.46 Shares held in accounts of clients over which Partners Capital Investment Group, LLP has voting and dispositive power. Partners Capital Intermediate 3 LLC is a member of Partners Capital Investment Group, LLP. Partners Capital Intermediate 2 LLC is the sole member of Partners Capital Intermediate 3 LLC. Partners Capital Intermediate 5 Inc. is the sole member of Partners Capital Intermediate 2 LLC. Partners Capital Investment Group (Holdings) LLP is the sole shareholder of Partners Capital Intermediate 5 Inc. Partners Capital Intermediate 6 LLC is a member of Partners Capital Investment Group (Holdings) LLP. Partners Capital Intermediate 4 Inc. is the sole member of Partners Capital Intermediate 6 LLC. HCP PCIG LLC is the sole shareholder of Partners Capital Intermediate 4 Inc. Partners Capital Group Holdings, Inc. is the sole member of HCP PCIG LLC. Partners Capital Holdings, LLP is the sole shareholder of Partners Capital Group Holdings, Inc. and may be deemed to beneficially own securities beneficially owned by Partners Capital Investment Group, LLP. Syracuse University is a client of Partners Capital Investment Group, LLP and retains the power to direct the voting of 1,938,652.35 Shares. | |
| (b) | Percent of class:
See the information set forth in Row 11 on each cover page. The percentages herein are calculated based upon a total of 17,146,374.16 outstanding Shares as of September 30, 2025, as set forth in the Tender Offer statement filed on Form Schedule TO that was filed with the Securities and Exchange Commission on December 19, 2025. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
See the information set forth in Row 5 on each cover page. | ||
| (ii) Shared power to vote or to direct the vote:
See the information set forth in Row 6 on each cover page. | ||
| (iii) Sole power to dispose or to direct the disposition of:
See the information set forth in Row 7 on each cover page. | ||
| (iv) Shared power to dispose or to direct the disposition of:
See the information set forth in Row 8 on each cover page. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Certain funds and accounts managed by the Partners Capital Reporting Persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Shares. Syracuse University and Mellifera L.P. (together with its general partner, Mellifera GP Ltd.), each have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, greater than five percent of the outstanding Shares. | ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: 99.1 Joint Filing Agreement by and among the Reporting Persons.