Crescent has been active in the syndicated bank loan market since 1993 and has a history that pre-dates the popular loan market benchmarks. Over the years, we have developed the loan underwriting discipline, credit judgment, and market relationships that allow us to exploit the opportunities in the loan market without unduly risking our clients’ principal. We construct diversified portfolios that we believe offer a very competitive risk-adjusted return profile, taking into account current income and collateral valuation for downside protection.