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Crescent Capital Raises $1.7 Billion for European Private Credit

  • Capital raised from institutional investors like pension funds
  • Los Angeles-based firm was co-founded by Mark Attanasio
Mark Attanasio
Mark AttanasioPhotographer: Kyle Grillot/Bloomberg
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Investment firm Crescent Capital Group has raised 1.6 billion euros ($1.74 billion) for its second European private credit fund, beating an initial target of 1 billion euros, according to a statement.

The Los Angeles-based firm, co-founded by Mark Attanasio, raised the capital from institutional investors including pension funds and endowments. It will be invested in private debt securities issued by European companies. Around 400 million euros have already been deployed by the fund across 12 investments, the company said.