Crescent Capital Closes On $3.4B For 6th Mezzanine Fund

Law360, New York (August 6, 2013, 1:09 PM EDT) -- Los Angeles-based credit investment firm Crescent Capital Group LP, which provides debt capital to fund shareholder deals on behalf of private equity firms, has closed its sixth mezzanine debt fund with more than $3.4 billion in committed capital, Crescent said Tuesday.

The fund, Crescent Mezzanine Partners VI, blew past its initial fundraising target of $2.5 billion. It is the largest mezzanine fund in Crescent's history, the firm said.

"We are particularly grateful to the significant number of existing limited partners that chose to participate in this...
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