CRESCENT PRIVATE CREDIT INCOME


Associated tags: CPCI, Depreciation, Crescent Capital Group, Crescent, CCAP, Sun Life Financial, Capital Group Companies, Form, FINRA, SIPC, Prospectus, Professional Services, Communication, Finance, CIO, Asset Management, Bank, Financial services, BDC, AAM

AAM to Provide Distribution for Crescent Private Credit Income Corporation, a Non-Exchange Traded, Perpetual-Life Business Development Company

Retrieved on: 
Tuesday, October 31, 2023
Depreciation, CIO, AAM, Crescent Capital Group, BDC, Investment, Marketing, CPCI, Financial services, Bank, Crescent

MONUMENT, Colo., Oct. 31, 2023 /PRNewswire/ -- Advisors Asset Management (AAM), a leading investment solutions provider and the U.S. retail distribution arm of SLC Management, announced today that it will provide marketing and distribution for Crescent Private Credit Income Corp. (CPCI), a non-exchange traded, perpetual-life business development company (BDC) launched by Crescent Capital Group LP.

Key Points: 
  • MONUMENT, Colo., Oct. 31, 2023 /PRNewswire/ -- Advisors Asset Management (AAM), a leading investment solutions provider and the U.S. retail distribution arm of SLC Management, announced today that it will provide marketing and distribution for Crescent Private Credit Income Corp. (CPCI), a non-exchange traded, perpetual-life business development company (BDC) launched by Crescent Capital Group LP .
  • "Crescent Private Credit Income Corp. allows financial advisors ease of access to this attractive asset class in a transparent fund format."
  • To a lesser extent, CPCI may also make investments in syndicated loans and other liquid credit opportunities.
  • "Crescent is excited to bring its credit expertise to the wealth channel through our relationship with AAM."

Crescent Private Credit Income Corp. Launches with $150 Million Seed Capital Investment from SLC Management

Retrieved on: 
Monday, October 2, 2023
Asset Management, Professional Services, Finance, Communication, Crescent Capital Group, Marketing, CPCI, CCAP, Prospectus, SIPC, Investment, FINRA, Form, Depreciation, Capital Group Companies, Sun Life Financial, Security (finance), Crescent

Crescent Capital Group (“Crescent”), a leading alternative credit investment firm, announced today the launch of Crescent Private Credit Income Corp. (“CPCI”), a non-exchange traded, perpetual-life business development company (“BDC”).

Key Points: 
  • Crescent Capital Group (“Crescent”), a leading alternative credit investment firm, announced today the launch of Crescent Private Credit Income Corp. (“CPCI”), a non-exchange traded, perpetual-life business development company (“BDC”).
  • CPCI’s primary focus is to invest in companies with annual net income before net interest expense, income tax expense, depreciation and amortization (“EBITDA”) between $35 million and $120 million (although it may invest in larger or smaller companies).
  • CPCI may also make investments in syndicated loans and other liquid credit opportunities, including in publicly traded debt instruments, for cash management purposes, while also presenting an opportunity for attractive investment returns.
  • SLC Management had assets under management of $273 billion as of June 30, 2023.