Articles from Crescent Capital Group LP

Crescent Capital Group LP, one of the leading alternative credit investment firms, and Pantheon, one of the leading global private markets investors, today announced the closing of Crescent Credit Solutions VII CV (“CCS VII CV”), a $3.2 billion private credit continuation vehicle. CCS VII CV was established to acquire a diversified portfolio of performing sponsor-backed loans and securities and other equity interests from Crescent Mezzanine Partners VII, a 2016-vintage fund.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today the hiring of Juan Grana as Managing Director to head the firm’s bank capital solutions team focusing on credit risk-sharing transactions. In addition, Doran Chernichen will also be joining the bank capital solutions team as Managing Director. Both will be based in the firm’s London office. Crescent’s bank capital solutions strategy will seek to capitalize on the growth of the significant risk transfer (SRT) market.

Crescent Capital Group LP (“Crescent”), one of the leading alternative credit investment firms, announced today the launch of Crescent GP Financing Solutions, a specialized private credit strategy focused on providing flexible, non-dilutive growth capital directly to private equity sponsors across the middle market.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today the appointment of Jason Breaux as Head of Private Credit. In this role, Mr. Breaux will lead the firm’s private credit business and will focus on platform-wide growth, expanding investment capabilities, and continuing to elevate the Crescent brand. Mr. Breaux will continue in his roles as Chief Executive Officer of Crescent Capital BDC, Inc. (NASDAQ: CCAP) and Chair of the Board of Crescent Private Credit Income Corp. (CPCI). He will report to Christopher Wright, President of Crescent, who will remain focused on leading the firm’s overall strategic direction, executing its long-term growth objectives, supporting key client and partner relationships, and continuing in his role as a member of Crescent’s Investment Committees.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today the final closing of its third European specialty lending fund, Crescent European Specialty Lending Fund III (“CESL III”), with total investable capital of approximately €3 billion, including targeted leverage and separately managed accounts investing alongside the fund. The fund has both levered and unlevered sleeves. CESL III was oversubscribed, exceeding its initial target of €2 billion. This fundraise represents a significant increase from its predecessor fund, Crescent European Specialty Lending Fund II, which announced its final close in April 2020 at €1.8 billion of investable capital.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that it will expand its geographic footprint with a new office in Frankfurt, Germany, which is due to launch next year. The office will be led by Michael Sauerbrey, who joined Crescent in October as Managing Director and Head of DACH Region in the Investor Solutions Group.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that it has expanded its Investor Solutions Group across Europe and the UK with the hiring of Michael Sauerbrey as Managing Director and Head of DACH. Mr. Sauerbrey is responsible for marketing Crescent Capital’s strategies to institutional and wealth investors including insurance companies, corporate and public pension plans, endowments, foundations, and family offices across the DACH region. In addition, the firm also announced that it has added Adam Van de Velde as a Director in the Investor Solutions Group’s London office.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that it has made several leadership changes, effective immediately:

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that it has hired Felipe Esguerra as Managing Director, Head of Eastern U.S. Region in the Investor Solutions Group. Based out of Crescent’s New York office, Mr. Esguerra is responsible for marketing Crescent Capital’s strategies to institutional investors including corporate and public pension plans, endowments, foundations, healthcare systems and family offices across the Eastern U.S.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Jason Moss has joined the firm as Managing Director, Head of Western U.S. Region in the Investor Solutions Group. Mr. Moss reports to Crescent’s Los Angeles office and is responsible for marketing Crescent Capital’s strategies to institutional investors including corporate and public pension plans, endowments, foundations, healthcare systems and family offices across the Western U.S.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Erik Hall has joined the firm as Managing Director, Head of Midwestern Region in the Investor Solutions Group. Mr. Hall will be based out of Crescent’s Chicago office and is responsible for marketing Crescent Capital’s strategies to institutional investors including corporate and public pension plans, endowments, foundations, healthcare systems and family offices across the Central U.S.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Lynsey Fitzgerald has joined the company as Head of Consultant Relations. Based in Boston and reporting to Crescent’s Global Head of Investor Solutions Jonathan Harari, Ms. Fitzgerald is responsible for managing the firm’s relationships with global investment consulting firms.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Jonathan Harari has joined the company as Global Head of its Investor Solutions Group. Based in New York, Mr. Harari is responsible for developing and executing Crescent’s strategic sales and marketing plan for clients and assets, including identifying potential new investors, developing and maintaining client relationships, designing new investment solutions and managing Crescent’s investor relations and client solutions team.

Crescent Capital Group LP (“Crescent”), a leading alternative credit investment firm, announced today the successful final close of its eighth private credit solutions fund, Crescent Credit Solutions VIII (“CCS Fund VIII”), raising $8 billion in investable capital, including targeted leverage and separately managed accounts investing alongside the fund. This marks the largest capital raise in Crescent’s history. CCS Fund VIII exceeded its initial target and attracted a diverse mix of U.S. and international institutional investors including leading insurance companies, pension funds, sovereign wealth funds, financial institutions, and multi-employer plans.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided financing to support Equistone Partners Europe’s (“Equistone”) acquisition of a majority stake in BUKO Infrasupport and BUKO Waakt (“BUKO”), leading providers of outsourced traffic and safety management solutions in the Netherlands. Terms of the transaction were not disclosed.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has committed to provide unitranche financing to support the acquisition of Voff Premium Pet Food, a leading European producer of natural premium pet food, by Nordic-based private equity firm Axcel. In addition, Crescent Capital committed to provide a Payment-in-Kind (PIK) financing for the company to support its continued growth strategy. Terms of the transaction were not disclosed.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today the successful final close of its third direct lending fund, Crescent Direct Lending Fund III (“CDL Fund III”), raising $6 billion in investable capital including targeted leverage and separately managed accounts investing alongside the fund. CDL Fund III was significantly oversubscribed, exceeding its initial target by over $1 billion, with total equity commitments of $3.2 billion and $1 billion in targeted leverage. The fund was more than double the size of its predecessor fund, Crescent Direct Lending Fund II, which closed in November 2018 with $1.6 billion in equity commitments. The fund attracted a diverse mix of U.S. and international institutional investors including leading insurance companies, pension funds, financial institutions, foundations, and endowments. CDL Fund III is actively investing and has issued $1.6 billion of senior loan commitments to date.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided financing to support Harwood Private Equity’s refinancing of Assisi Pet Care, one of the leading manufacturers and suppliers of natural cat and dog foods and treats in the U.K., Germany and Poland. The financing also supports Assisi’s acquisition of Poland-based Maced Sp. Z.o.o., the leading manufacturer of natural dog treats with a focus on dried animal parts in Europe. The financing package includes a sizeable acquisition facility to enable Assisi to continue its acquisitive growth strategy. Terms of the transactions were not disclosed.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of IMServ, a pioneer of metering and data services for the electricity, gas and water sectors in the U.K., by Bluewater, the specialist international private equity firm focused on the middle market energy sector. Crescent has also provided a committed acquisition facility for IMServ to further accelerate growth through strategic M&A. Terms of the transaction were not disclosed.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing and an equity co-investment to support the management buyout of Texecom Ltd, which was supported by LDC, the U.K.-based private equity arm of Lloyds Banking Group. Terms of the financing were not disclosed.

Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided a unitranche facility to Nurture Landscapes, a UK-based B2B provider of grounds maintenance, landscaping, and winter gritting services.