Crescent Capital Group is a global alternative investment firm focused on below investment grade credit markets with primary strategies that include funds that invest in , high-yield bonds, mezzanine debt, special situations, and distressed securities. The firm has approximately $34-billion of assets under management and has made investments in over 190 companies since its inception as well as expanded into the European market with operations based in London. The firm is based in Los Angeles. Since its founding in 1991, the firm has raised approximately $25 billion across seven funds.