Crescent Capital Group raises $1.7bn

The firm's second European specialty lending fund runs over initial target.

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  • Fund name: Crescent European Specialty Lending Fund II (“CESL II”)
  • Amount raised: $1.74 billion
  • Target size: $1.09 billion
  • Stage of fundraising: Final close
  • Final close date: April 2020
  • Predecessor Fund: Crescent European Specialty Lending Fund I (“CESL I”)

Crescent Capital Group held a final closing of Crescent European Specialty Lending Fund II at $1.74 billion, exceeding their initial target by over half a billion dollars. Capital raised by this vehicle will be used to invest in European privatized secured debt securities.