Capturing attractive returns in liquid markets.
A pioneer in non-investment grade credit—one of the earliest managers of high yield and bank loans and one of the first issuers of CLOs.*
Crescent’s Tradeable Credit team focuses on capital preservation, which is evidenced by a default history that is a fraction of the market, to capture the attractive income generated by speculative issuers.*
* Past performance does not guarantee or indicate future returns or results.
As a specialist in the non-investment grade credit markets, Crescent has a dedicated focus on sourcing and investing in narrowly syndicated, smaller-sized bank loans. These privately negotiated, core middle market loans are arranged by mid-sized banks and come with with a liquidity premium relative to larger issues.
Our team has extensive experience in structuring and managing a diverse portfolio of collateralized loan obligations through multiple credit cycles. Within the structured credit markets, we also invest across debt and equity tranches of CLOs, seeking to provide investors with attractive risk-adjusted returns and meaningful current income.
Generating income with downside protection through senior secured lending, we construct diversified portfolios that we believe offer a competitive risk-adjusted return profile in an asset class that is typically floating rate. Crescent has been active in the syndicated bank loan market since 1993 and has a history that pre-dates popular market benchmarks.
With a focus on the middle- and upper-tier credit classes, our high yield strategy seeks to consistently deliver excess return with below average volatility. Crescent is one of the most experienced high yield bond managers in the industry.
Our multi-sector credit strategy manages diversified portfolios that allocate dynamically across tradeable credit opportunities in response to market changes. Powered by our disciplined research process, we strategically target segments of the credit market that we believe are well positioned to generate compelling income, preserve capital, and offer strong risk-adjusted total return.
Our customized investor solutions offer broad exposure across the firm's debt strategies through tactical allocation across private and tradeable credit. Through a collaborative approach with Crescent, investors can diversify across issuer size, seniority, security type and liquidity profile. We aim to optimize risk-adjusted credit opportunities over market cycles through dynamic portfolio construction by dedicated portfolio managers. Tailored to each investor's needs, our solutions include evergreen vehicles, insurance-dedicated funds, ERISA vehicles, rated notes, separately managed accounts, BDC-of-one, and private CLOs.
