Crescent Capital Pushes into Private Credit With Australia Hire
- Russell Sinclair joins from PwC to lead new business
- Australia pension funds are lifting private credit allocation
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Crescent Capital Partners Management Pty., an Australian private equity firm, is expanding into private credit and has hired Russell Sinclair from PricewaterhouseCoopers LLP to run the new business, according to people familiar with the matter who declined to be identified discussing private information.
Sinclair was previously a partner at PwC in Sydney, running the firm’s debt & capital advisory, according to his LinkedIn profile. Before that he headed up loan syndications & acquisition finance at the institutional arm of Westpac Banking Corp.