Crescent’s Mezzanine strategy is one of the leading independent global providers of mezzanine capital. Since 1992, Crescent's Mezzanine strategy has developed a reputation as a reliable provider of junior debt capital, primarily to fund shareholder transitions on behalf of private equity firms. We believe our reputation is a result of our extensive investment experience, broad transaction sourcing capabilities, and disciplined investment approach. Our objective is to provide investors with substantial current income and capital appreciation by investing in a diversified portfolio of mezzanine securities. Investments generally take the form of private debt securities with equity participation in connection with buyouts, recapitalizations and refinancings.
Investors committed more than $4.6 billion to Crescent Mezzanine Partners VII (“Fund VII”), exceeding the initial fundraising target of $3.0 billion and representing the largest private mezzanine offering in Crescent Mezzanine’s history. Our experience investing in over 200 mezzanine transactions for nearly 30 years is a key element to our continued success.