Crescent Capital

Crescent Capital

Los Angeles, United StatesEst. 199195 employeeswww.crescentcap.com
$42.00B AUM
private debtspecial situations
Crescent is an alternative asset manager with over $42 billion of assets under management and over 200 employees as of March 31, 2024. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London.

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Strategies

Private DebtPrivate Debt
Crescent Direct Lending has been a leading senior lender to the lower middle market since 2005. CDL, with approximately $10 billion under management, is a provider of first lien and unitranche senior financing to companies with <$10 million to $50 million of EBITDA including Term Loans, Delayed Draw Term Loans and Revolving Credit Facilities. We can commit from $25 million to $200 million+ to support the acquisition, growth financing and dividend recap needs of our clients. During our 20 year history we have financed a wide range of industries including Business Services, Financial Services, Healthcare, Education/Compliance Services, Consumer Services, IT Services, Environmental Services and Manufacturing. Crescent Direct Lending has invested over $12 billion to approximately 250 portfolio companies and over 135 unique sponsors and is known as a trusted, competitive and responsive source of debt capital. We believe that our team’s long-standing track record and experience investing together has produced attractive long-term results for our investors and clients.
Private DebtSpecial Situations
Crescent’s Special Situations strategy primarily focuses on investing in the distressed debt of middle market companies, typically taking a leadership role in the restructuring process and beyond. We seek to invest at or above the fulcrum debt tranche of under-followed companies with quality assets and strong competitive positions. The strategy aims to make investments that derive current income from debt obligations coupled with potential upside from taking post-reorganization equity stakes. Our investment process involves detailed bottom-up and top-down analyses combined with credit judgment and valuation discipline which we believe supports consistency of returns. Crescent Special Situations may also provide primary debt capital in select situations to companies positioned to execute a turnaround.

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