Highridge Partners, Los Angeles, has launched Crestridge Investments, an El Segundo, Calif.-based real estate financing and investment company that will make private placements in operating companies with a "direct or indirect connection" to real estate, including public companies.Crestridge -- which Highridge describes as "the successor" to Haverford Capital, a real estate financing company -- will "pursue a broad strategy from equity participations to investments in operating companies." Crestridge will also provide venture capital in the real estate arena. The company has "a significant pool of capital earmarked for these new categories of proprietary investments," Highridge said. The company will be led by Chris Grey and David Feingold, Crestridge's managing directors, who are launching the firm in association with John Long, the founder of Highridge. Both Mr. Grey and Mr. Feingold are also associated with Highridge.

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