Direct Lending  

Senior Secured Lending to the U.S. middle market



Crescent Direct Lending is a leading provider of first lien and unitranche senior financing to private equity-backed U.S. lower middle market and middle market companies with $5 million to $35+ million of EBITDA. Since inception in 2005, Crescent Direct Lending has issued approximately $6 billion of aggregate loan commitments to more than 170 companies and over 110 unique private equity sponsors. During 2019, Crescent Direct Lending issued approximately $2.1 billion of senior loan commitments to its private equity clients across 24 new portfolio companies and 115 add-on transactions to support the growth of our portfolio companies. Additionally, Crescent Direct Lending is well positioned to provide staple financing as we desire to support our clients’ growth including changes in ownership. Crescent Direct Lending targets senior financing opportunities of $20 million to $200+ million with hold sizes up to $100+ million.
 
With total capital of $5.4 billion1, Crescent Direct Lending is well positioned to support our private equity-backed middle-market clients. Led by senior investment professionals who average over 25 years of lending experience, the Crescent Direct Lending team has supported private equity firms across a wide range of industries including Business Services, Healthcare, Consumer Goods and Services, and Manufacturing. We believe that our team’s long-standing track record and experience investing together has produced long-term results for our investors and clients.

For more details about Crescent Direct Lending, please click on our fact sheet.

1. This includes Crescent Direct Lending capital in multi-strategy vehicles consisting of Crescent Direct Lending-sourced investments as well as an allocation of a set percentage of such vehicles’ unfunded commitments and unused leverage. Such allocations may be withheld from future investment opportunities.

Crescent Direct Lending – News

We provide a wide range of senior financing alternatives including revolving credit facilities, term loans, delayed draw term loans, second lien loans and unitranche facilities to support our private equity clients’ platform acquisitions, portfolio company add-ons, recapitalizations and refinancings.
We provide a wide range of senior financing alternatives including revolving credit facilities, term loans, delayed draw term loans, second lien loans and unitranche facilities to support our private equity clients’ platform acquisitions, portfolio company add-ons, recapitalizations and refinancings.

Crescent Direct Lending: A message from John Bowman and Mark Attanasio

> watch video

Crescent Direct Lending: A message from John Bowman and Mark Attanasio