Our Company
Over 30 years of investing in alternative credit
The Power of Teamwork.
At Crescent Capital, we invest in debt securities at all levels of a company’s capital structure. For over 30 years, the firm has focused on below investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, and private senior, unitranche, and junior debt securities. We believe that these asset classes provide our clients with opportunities to generate income while preserving capital.
Crescent’s investment activities are managed by dedicated teams focused on each of these asset classes. In addition, our portfolio managers have responsibility for multi-asset class strategies that are constructed from each of the asset classes we manage. We believe that we benefit from years of experience managing below investment grade bank loans and debt securities over multiple economic and market cycles.
Crescent is an alternative asset manager with in excess of $40+ billion1 of assets under management and over 210 employees as of June 30, 2023. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London.
1: AUM as of 06/30/2023 and includes committed assets and employee investments in Crescent managed portfolios.
Our Philosophy
Our primary focus is on capital preservation and providing current income. As a result, we seek investments in high-quality companies with exceptional management teams across a diversified range of industries. Investment decisions are driven by our disciplined credit research and due diligence process, which has evolved over 30 years.
In certain investment strategies, we focus on companies that are owned or acquired by seasoned private equity firms. We pursue unique sourcing strategies to deliver investment opportunities to our clients that are not readily available to the broader markets. Through our disciplined and comprehensive research process and risk management, we seek to generate attractive risk-adjusted returns across our investment strategies.
Our Investment Process
Crescent’s investment process is focused on thorough due diligence, which includes detailed financial analyses, management meetings, macroeconomic assessments and internal roundtable reviews. Our dedicated research analysts cover a broad array of industries, companies and individual securities.
With decades of experience investing in both emerging growth and established companies, we have developed a credit-oriented review process that is collaborative and decisive. More recently, this process has evolved as exogenous factors have begun to play an increasing role in the challenges and opportunities faced by companies in today’s markets.
Our History
Crescent was formed in 1991 as Crescent Capital Corporation by Mark Attanasio and Jean-Marc Chapus who played an active role in the development and growth of the high yield bond market. In 1995, Crescent was acquired by Trust Company of the West (TCW) and rebranded as TCW’s Leveraged Finance Group. On January 1, 2011, Messrs. Attanasio and Chapus, along with the entire investment team, spun out of TCW and formed Crescent Capital Group LP, a registered investment adviser with in excess of $41 billion1 in assets under management as of March 31, 2023.
Crescent has 30 years of credit-focused investment experience. Messrs. Attanasio and Chapus lead Crescent’s management committee that oversees all of our operations.
1: AUM as of 03/31/2023 and includes committed assets and employee investments in Crescent managed portfolios.
At Crescent Capital, we invest in debt securities at all levels of a company’s capital structure. For over 30 years, the firm has focused on below investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, and private senior, unitranche, and junior debt securities. We believe that these asset classes provide our clients with opportunities to generate income while preserving capital.
Crescent’s investment activities are managed by dedicated teams focused on each of these asset classes. In addition, our portfolio managers have responsibility for multi-asset class strategies that are constructed from each of the asset classes we manage. We believe that we benefit from years of experience managing below investment grade bank loans and debt securities over multiple economic and market cycles.
Crescent is an alternative asset manager with in excess of $40+ billion1 of assets under management and over 210 employees as of March 31, 2024. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London.
1: AUM as of 03/31/2024 and includes committed assets and employee investments in Crescent managed portfolios.
