Crescent Capital Group
Global alternative investment firm / From Wikipedia, the free encyclopedia
Crescent Capital Group is a global alternative investment firm focused on below investment grade credit markets with primary strategies that include funds that invest in leveraged loans, high-yield bonds, mezzanine debt, special situations, and distressed securities. The firm has approximately $40 billion of assets under management and has made investments in over 190 companies since its inception as well as expanded into the European market with operations based in London.
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Company type | Subsidiary |
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Industry | Alternative Investment, Asset Management, Private Equity |
Predecessor | TCW/Crescent Mezzanine |
Founded | 1991; 33 years ago (1991) |
Founder | Mark Attanasio, Robert Beyer, and Jean-Marc Chapus |
Headquarters | Los Angeles, California, United States |
Products | |
AUM | US$41 billion (March 2023) |
Number of employees | 210 (March 2023) |
Parent | Sun Life Financial |
Website | crescentcap |
Since its founding in 1991, the firm has raised approximately $25 billion across seven funds.[citation needed] TCW/Crescent maintains a strategic partnership with TCW Group (Trust Company of the West), a leading institutional money management firm with approximately $180 billion in assets under management.
In January 2021, Sun Life Financial acquired a majority stake (51%) in the company.[1] The firm is based in Los Angeles.