Crescent Capital Group

Crescent Capital Group was founded in 1991 by former Drexel Burnham Lambert investment bankers Mark Attanasio, Robert D. Beyer, and Jean-Marc Chapus. The firm originally launched as Crescent Capital Corporation in Dallas, focusing on high-yield bonds and distressed portfolios following the founders' experience managing the Drexel Burnham Lambert bankruptcy estate. In 1995, the firm was sold to Trust Company of the West (TCW Group), where it operated as the firm's leveraged finance and mezzanine capital group for many years.

In 2010, the group spun off from TCW to re-establish itself as an independent entity renamed Crescent Capital Group. During its history, the firm expanded its reach through the 2005 merger with Canterbury Mezzanine Capital and established a significant presence in the European market with operations in London. In January 2021, Sun Life Financial acquired a 51% majority stake in the company, though it continues to operate as a global alternative investment manager.

The firm specializes in below investment grade credit markets, providing capital to middle-market companies. Since its inception, it has made investments in over 190 companies and raised approximately $25 billion across multiple funds. Its primary strategies cover the full spectrum of credit, from senior debt and leveraged loans to mezzanine capital and distressed securities.