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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