Crescent taps Jason Breaux for head of private credit
Breaux will also continue to serve as CEO of Crescent Capital’s business development fund

Crescent raises EUR 3bn for European direct lending
The company surpassed its original EUR 2bn fundraising target

Crescent prints its second new US BSL CLO of 2024
Crescent Capital Group printed a new US BSL CLO on Wednesday called Atlas Senior Loan Fund 2024-24

Crescent targets USD 3bn raise for direct lending fund IV
Crescent Capital is expected to launch its latest lower middle market and middle market direct lending fund, Crescent Direct Lending Fund IV, this quarter

Crescent resets US BSL CLO from 2022
Atlas Senior Loan Fund XX became the latest 2022-vintage US BSL CLO to be reset in a deal that slashed liability costs up and down the stack

Crescent refinances 2019 vintage CLO Atlas XV
Crescent Capital printed a refinancing on Thursday of its Atlas Senior Loan Fund XV, a US BSL CLO from 2019

Crescent Capital shakes up senior-leadership team
Los Angeles-based alternative credit specialist Crescent Capital Group is updating its senior-leadership team with several key promotions

Crescent Capital prints its first new CLO of 2024
Crescent Capital last week priced ATCLO 2024-23, a new US BSL CLO, and the manager’s first deal of the year

US pension fund makes fresh USD 250m allocation to private credit
A US pension system has recently disclosed hundreds of millions of commitments to alternative funds, including USD 250m for private credit

Crescent brings in triple-A spreads 85bps with static refi
Crescent Capital Group has become the latest manager to exploit advantageous market conditions to undertake a USD 298.91m refinancing of its 2022-vintage Atlas Static Senior Loan Fund I

Jefferies arranges new US CLO for Crescent Capital
Crescent Capital Group last week priced its second CLO of 2023, Atlas Senior Loan Fund XXII, in a transaction arranged by Jefferies

Envision Healthcare draws lawsuit from fourth out lenders
A group of “fourth out” lenders to Envision Healthcare have lodged an adversary complaint over its 2022 drop-down recapitalization and subsequent ‘uptier’ exchange

Citi makes it two in a week with new Crescent CLO
Citi priced its second CLO of the week on Friday, a new US CLO for Crescent Capital called Atlas Senior Loan Fund XXI. 

Ventura County continues to invest in private credit funds
Ventura County approves $50 million for two private credit funds as target allocation increases.

Crescent amasses $8 billion investable capital for eighth credit solutions fund
The fund had an original $4 billion target, according to Debtwire Funds Data

Crescent eyes non-traded BDC for private credit offering
Crescent Capital is looking to expand its middle market direct lending product suite, with the firm registering a non-exchange traded business development company with US regulators

CLOs at a glance (October 2022)
A listing of CLOs that have priced in the last month  

Crescent prints first reinvesting CLO since November
Crescent Capital Group has priced its first reinvesting CLO of 2022

Sun Life buys 51% stake in US retail distribution specialist
The firm will have exclusive rights to market and promote SLC's alternative products to the US retail market. SLC Management includes Crescent Capital Group,  BentallGreenOak and InfraRed Capital Partners

US CLO pipeline: Dispersion comes to fore, while Capital Four goes static
The CLO market is heating up once again after the summer lull and pricing has tightened, with at least three US CLO managers looking to match or even best Palmer Square Capital Management’s triple A print of 200 basis points

Atlas feels weight of static CLOs as triple As reach 260bp
The US CLO term curve inversion is becoming more exaggerated after Crescent Capital priced a static CLO with the coupon on the senior notes set 47 basis points (or 22.1%) wide of five-year CLOs

US CLO pipeline: like a (Center)bridge over troubled water
A large asset manager is marketing its first US CLO at a time of volatility in the underlying loan market. Whereas other funds build walls, CLOs build bridges 

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

Crescent raises $6 billion for US direct lending strategy
Crescent Capital Group has closed its third US direct lending fund, Crescent Direct Lending Fund III, with $6 billion of investable capital 

Jefferies brings two CLOs to market and takes US CLO arranging total past $20 billion
Jefferies has brought two CLOs to market to take its arranging total past $20 billion