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Our non-investment grade fixed income strategies are offered by Crescent Capital Group, a leading specialist focused exclusively on corporate credit. Crescent offers clients access to a wide variety of alternative fixed income investments across the credit spectrum.

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Benefits for investors

Investors gain access to a fully integrated platform of complementary credit 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. These strategies provide investors:

  • Opportunities to generate income while preserving capital
  • Potential for attractive returns with less volatility, lower default rates, and higher recovery 
  • Access to investment vehicles that address capital efficiency, tax, and regulatory considerations

$43 Billion

AUM*

30+

Year track record spanning multiple market cycles

500+

Client relationships

20-year

Average tenure of Crescent’s leadership

*As of September 30, 2024

Past performance does not guarantee or indicate future results.

Key differentiators

Singular focus on corporate credit

For over 30 years, Crescent has focused exclusively on non-investment grade credit, investing in debt securities at all levels of a company’s capital structure. 

Team continuity

Crescent’s team consists of experienced, dynamic investors with a deliberate, strategic approach. The investment and solutions teams have over 125 professionals, and average leadership tenure at the firm is over 20 years. 

Cycle-tested track record

Crescent has been investing across market cycles for more than three decades since their high yield strategy launched in 1991. 

Fully integrated credit platform

Crescent boasts a fully integrated platform of complementary strategies across private and tradeable credit. 

Past performance does not guarantee or indicate future results.

Investment process

1.

Private credit
Crescent is a full spectrum direct lender with a robust, proprietary sourcing model. Their private credit team directly originates and invests in private equity-backed debt securities across the entire middle market capital structure, with historically low credit loss rates.

2.

Tradeable credit
The tradeable credit investment process is focused on rigorous credit research based on a comprehensive “bottom-up” analysis of credit merits and priority of downside risk protection. Thorough due diligence, including detailed financial analyses, management meetings, macroeconomic assessments, and internal roundtable reviews, is key to their credit-oriented review process that is both collaborative and decisive.

3.

Multi-asset
Crescent provides clients with a dynamic, collaborative, and transparent approach to constructing alternative credit portfolios. The multi-asset investment process includes the review of hundreds of transactions sourced annually from private equity sponsors and financial intermediaries, followed by multiple internal reviews, and investment committee approval.

Learn more about our non-Investment Grade Fixed Income capabilities

Explore our other strategies

Investment Grade Fixed Income  Real Estate  Infrastructure