Evocative Data Centers, a provider of Internet infrastructure and hosting services in five strategic markets across the U.S., has completed a $30 million debt and preferred equity investment led by Crestline Investors.

With seven data centers located in Los Angeles, San Francisco, San Jose, Phoenix, Dallas, and Virginia, Evocative Data Centers operates facilities aggregating 8 MW of power across 100,000 square feet. The company’s carrier-neutral data centers are HIPPA, IDS, ISAE, SSAE, and PCI DSS compliant and offer full stack IT expertise including connectivity, colocation, public, private, and managed cloud, bare metal hosting, managed services, IT support, backup and recovery, and security services.

“Crestline Investors has extensive experience in the data center and managed services industries,” said Arman Khalili, CEO of Evocative. “Crestline’s investment enables us to accelerate our growth plans and focus on delivering best-in-class infrastructure and services. We look forward to deploying the capital into future acquisitions and growth initiatives.”

Private Equity

Arman Khalili
“Crestline’s investment enables us to accelerate our growth plans,” said Arman Khalili, CEO of Evocative.

“Under the leadership of industry veteran Arman Khalili, Evocative is well-positioned for continued success as it expands its infrastructure and services capabilities,” said Will Palmer, Managing Director at Crestline Investors who will be joining Evocative’s Board of Directors. “We have been impressed with Evocative’s capabilities and look forward to continued growth at the company.”

Founded in 1997 and based in Fort Worth, Texas, Crestline Investors is an institutional alternative investment management firm. It specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund and provides beta and hedging solutions for institutional clients. Headquartered in Fort Worth, Texas, the company maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo.

OFIII Europe: $360 million 

A little more than a week ago, Crestline Investors announced the final closing of its first European Opportunity Fund, Crestline Opportunity Fund III Europe (OFIII Europe). This new fund will serve as an extension of the firm’s global series of opportunistic funds and exclusively target European opportunities. Crestline secured over $360 million in equity capital commitments, exceeding its fundraising objective.

This new fund is the tenth in Crestline’s series of opportunistic funds, which started in 2005 and have attracted more than $7.7 billion in client commitments to date. The fund is managed by Crestline’s European Credit Strategies team, which has closed 19 transactions. Investors in the fund include leading public pension plans, insurance companies, and other institutional investors.

The fund will provide capital solutions – ranging from senior debt to structured equity – to under-served small and medium sized businesses in Europe. Consistent with Crestline’s global approach, the European Fund will prioritize asset-backed transactions, those with recurring revenue, or situations with multiple and separable pools of value.

“With these additional capital commitments, we are well positioned to further execute on the significant market opportunities across the opportunistic spectrum in Europe,” said Douglas Bratton, Managing Partner & CIO of Crestline. “With 8 dedicated investment professionals in Europe, we believe we are well positioned to identify opportunities that can meet our clients’ return objectives.”

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