Crestline Summit, the hedge fund division of Crestline Investors focused on public markets, has officially rebranded as SummitTX, independently registering as a SEC Registered Investment Adviser overseeing the SummitTX Funds at the same time, according to a report by BusinessWire.

According to a recent release, the rebranding reflects a strategic effort to enhance the visibility of the hedge fund business while clearly differentiating it from Crestline’s private markets operations.

Despite these changes, SummitTX, which manages over $3bn in assets under management (AUM), remains a subsidiary of Crestline Investors.

This move comes during a period of growth for the firm, which has, over the past two years, more than doubled its assets and introduced an expanded balance sheet version of its flagship fund.

“Over the last few years, we have built an incredible team and culture, developing operational independence that enables SummitTX to function as a distinct brand. The rebrand solidifies our path forward in positioning SummitTX as a leading name within the hedge fund industry,” said Caroline Cooley, Managing Partner and Chief Investment Officer at SummitTX.