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The firm's new investment commitments increased to $2.79bn, up from $1.57bn last quarter.
Crescent in January sold a 51% stake to SLC Management, the alternative asset unit of Sun Life, for up to $338m.
The direct lending fund surpassed its $4bn target by $1.1bn.
Private credit has had less new firm formation than on the buyout side, with new firms focusing on the lower- to mid-market.
The credit firm now has $15.4bn of investable capital following the raising of its fifth fund and parallel vehicles.
One of Europe’s best-known real estate managers is launching a debt strategy. Dan Pottorff, who has been hired to run it, and company chief executive Ian Laming tell us why.
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