Crescent Capital Group LP (“Crescent”), one of the leading alternative credit investment firms, announced today the final close of its second captive collateralized loan obligation (CLO) equity fund, Crescent CLO Equity Funding II, with $232 million in commitments. The fund doubled the size of its predecessor, Crescent CLO Equity Funding I, which closed in 2018 with $103 million in commitments.

Sophisticated institutional investors, including global insurance companies and pension funds participated in the close. CLO Equity Funding II will focus primarily on investments in control positions of Crescent CLOs, while also providing flexibility to opportunistically invest in the debt of Crescent CLOs as well as third-party CLOs.

This close represents the continued growth of Crescent’s CLO platform, which dates back to 1993 and makes Crescent one of the longest tenured CLO managers in the market.

“Despite a competitive fundraising environment, this close reflects the continued evolution of our CLO issuance strategy and the growing conviction we are seeing from investors across the institutional landscape,” said Nilesh Mandhare, Managing Director, Head and Portfolio Manager for Crescent’s CLO issuance strategy. “We are excited to expand our relationships with existing and new clients as we enter the next phase of the strategy’s growth.”

“CLOs are an increasingly important component of our broader credit platform, bringing together our investment expertise, structuring capabilities, and longstanding institutional relationships,” said John Fekete, Managing Director and Head of Tradeable Credit at Crescent. “The close underscores the depth of investor interest in the strategy and the strength of the platform we’ve built over decades.”

“We are grateful for the investor support in the second vintage of our CLO series,” said Jonathan Harari, Global Head of Crescent’s Investor Solutions Group. “We are proud to partner with both existing and new investors and remain focused on delivering differentiated opportunities across the credit markets.”

About Crescent Capital Group LP

Crescent is a global credit investment manager with $53 billion of assets under management as of June 30, 2026. For over 30 years, the firm has focused on non-investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, as well as private senior, unitranche and junior debt securities. Crescent is headquartered in Los Angeles with offices in New York, Boston, Chicago, London, and Frankfurt with over 240 employees globally. Crescent is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. For more information about Crescent, visit www.crescentcap.com.