Crescent collects more than $1.7bn for European specialty lending fund

Alternative credit investment firm Crescent Capital Group announced the final closing of its second European specialty lending fund, Crescent European Specialty Lending Fund II, with total limited partner commitments of €1.6 billion ($1.74 billion).

The fund has both levered and unlevered sleeves. The scope of the commitments exceeds the fund’s initial €1 billion target as well as Crescent’s initial hard cap. The last specialty lending fund launched by the firm in 2015 raised €500 million of LP capital commitments.

The new fund attracted a diverse mix of international institutional investors including . . .

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