Crescent Capital Group LP

Take a look at Crescent’s latest Private Market Quarterly Q&A with Felipe Esguerra, Head of the Eastern U.S. Region in Crescent’s Investor Solutions Group, and Mark duFour, Head of Private Capital Markets. Felipe and Mark discuss several key topics from the second quarter including: • The expected pace of LBO activity for the rest of 2024 and into 2025 • Direct lending competition, particularly in the upper middle market • How private credit is evolving as the asset class expands Full commentary below.

Next Wednesday, July 24, at 11:30am ET, Crescent Managing Director Christopher Wang will be featured on a panel for Institutional Investor's Private Credit Webinar. Chris will be joined by moderator Gary Gipkhin (StepStone Group) and panelists Matt Meads, CFA, CAIA (Hershey Trust Company), Amit Thanki, CAIA, (San Bernadino County Employees’ Retirement Association) and Eunice McHugh (San Francisco Employees’ Retirement Association) to discuss: - Is this truly a "golden age" for private credit, or will the markets face rough waters ahead? - What does a mature private credit investment sector look like? - How are various segments of the private credit sector effectively utilized by yield-starved institutional investors to enhance returns? - Which sub-sectors of private credit are most enticing to which allocators? - How are interest rates and volatility playing into the sector decisions? 

Crescent has released its latest Private Credit Insights report by Crescent President Chris Wright and Managing Director Christopher Wang. The report covers: - How private credit continues to be a preferred option in a market environment that is expecting an increase in M&A activity and higher-for-longer interest rates. - Why the core middle market and lower middle market offer some of the most compelling opportunities in private credit today. - The value of being an incumbent lender and the rise of portability provisions. - The importance of selecting managers with experience through market cycles who practice disciplined underwriting, negotiate stringent documentation, and actively monitor their portfolio. Read the full report below. 

Crescent Managing Director Christopher Wang was featured on a panel earlier this month in Vancouver, B.C. at the Institutional Connect West Forum 2024, a gathering of leading institutional investors from across Western Canada. Chris and his fellow panelists discussed credit market opportunities in the high interest environment, including: · How higher rates can create compelling investment opportunities with higher yields, lower leverage, and lower loan-to-values · The importance of experience and discipline when investing in this environment · How cycle-tested managers are expected to outperform as higher rates may lead to more defaults and a greater dispersion of returns across managers Thank you Institutional Connect for a great event!

Check out Crescent’s latest Capital Markets commentary by John Fekete, Head of Public Markets. Looking into the second half of 2024, he takes a look at the state of the U.S. economy and the outlook for debt markets, including: - Why we believe much of the recent focus on rate cuts is myopic   - The pockets of the market that are experiencing less than rosy sentiment - Floating rate assets that are in a “sweet spot” for opportunity - How investors should manage this current environment Read the full commentary below.

Crescent was proud to be one of the sponsors of the 35th Annual National Association of Securities Professionals (NASP) Financial Services Conference earlier this month in Atlanta, where more than 600 financial services professionals came together for the organization’s premier annual program. Crescent Managing Directors Erik Hall (Chair of the NASP Board of Directors) and Felipe Esguerra attended the event, where they engaged in thought leadership with institutional investors from around the world to explore market trends, examine investment opportunities, and discuss the business of inclusion. At Crescent, we look forward to continuing to support NASP programming and the impact of the NASP mission.

Crescent is pleased to announce today that it has made several senior leadership changes. Chris Wright has been named President of Crescent Capital Group, Joseph Viola has been named Chairman of Crescent’s Operating Committee, and Jason Breaux has been appointed to Crescent’s Operating Committee. Read more here: https://lnkd.in/etWvq4BU

Earlier this month, Crescent hosted a Private Credit Seminar in Seoul covering trends, opportunities, and outlook for private credit in the U.S. At the seminar, Crescent’s Chris Wright, Tyrone Chang, Elizabeth Ko and Yeonhee Chung came together with our Korean investment community for a day of engaging discussion and networking. #PrivateCredit

Crescent Managing Director Nicole Waibel was featured on a panel at the SuperReturn International Private Debt Summit in Berlin earlier this month, where she shared insights on sponsor-lender relationships in the U.S. and Europe in an environment of longer hold periods and economic headwinds.   #SuperReturn #PrivateDebt

Earlier today, Crescent Managing Director and Global Head of Investor Solutions Jonathan Harari, was featured on a panel at the @Global Private Credit 2024 event in Dubai. The event, organized by GFC Media Group presents Bonds & Loans, brings together Middle Eastern allocators, managers, borrowers, and key players from the global private credit markets to delve into the challenges, opportunities, and trends shaping the global asset class in 2024 and 2025. Jonathan discussed the global market outlook for private credit alongside fellow panelists Daniel Johar (Sumitomo Mitsui Banking Corporation – SMBC Group), Dicken Gilmour (Blackstone), Matt Layton (Pearl Diver Capital), and Pratap Singh (Acuity Knowledge Partners) as well as moderator Paul Watters (标普信评 | S&P Global (China) Ratings). #PrivateCredit #GPC24