Crescent Capital Group LP (Los Angeles)

Name: Crescent Capital Group LP
Address: 11100 Santa Monica Blvd., Los Angeles, CA, 90025
Telephone: 310-235-5900

Crescent Capital Group LP is a large advisory firm based in Los Angeles. It manages $24.68 billion of regulatory assets for 114 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Massachusetts, and New York.

Crescent Capital Group provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Crescent Capital Group: assets under management

The assets under management (AUM) of Crescent Capital Group LP is $24.68 billion. The firm's AUM has grown by 16037% since the beginning of its operation, and $8.51 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $23.69 billion in discretionary accounts and $992.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $213.38 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $330.94 million.

Investments

The firm invests in other assets the most. They account for 43% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 35% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crescent Capital Group LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Crescent Capital Group serves?

The firm provides services to insurance companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Crescent Capital Group is pooled investment vehicles with 73 clients and $18.1 billion of assets under management. Among the 12 most similar advisory firms, Crescent Capital Group has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $24.68 billion for 114 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 32% of the firm’s clients are foreign persons or businesses.

Crescent Capital Group also advises several private funds. Namely, one hedge fund, thirteen other private funds, twenty five private equity funds, and thirteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $50,000,000.

Careers at Crescent Capital Group LP

The company employs 169 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 11 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tcw Asset Management Co	Member (tcw/crescent mezzanine management iii, llc)	1 Jun 2001	50% - 75%	105742
Llc Ccc Partners Iii	Member (tcw/crescent mezzanine management iii, llc)	1 Jun 2001	50% - 75%	95-4872547
Crescent Capital Group Lp	Member (tcw/crescent mezzanine management iv, llc)	1 Apr 2006	75% - 100%	153966
Tcw Asset Management Co	Member (tcw/crescent mezzanine management iv, llc)	1 Apr 2006	Other	105742
Crescent Capital Group Lp	Member (tcw/crescent mezzanine management v, llc)	1 Dec 2007	75% - 100%	153966
Tcw Asset Management Co	Member (tcw/crescent mezzanine management v, llc)	1 Dec 2007	Other	105742
Jean Marc Chapus	Managing partner	1 May 2010	Other	1404444
Crescent Capital Gp Llc	General partner	1 May 2010	Other	27-2697837
Kathy L Glass	Chief compliance officer	1 Dec 2010	Other	5074176
Kathy Leigh Glass	Chief compliance officer	1 Dec 2010	Other	5074176
Crescent Credit Europe Group Ltd	Partner (crescent credit europe llp)	1 Oct 2011	75% - 100%	foreign
Crescent Capital Group Holdings Lp	Limited partner	1 Dec 2011	75% - 100%	90-0794027
Joseph John Keenan	Chief financial officer	1 Jan 2012	Other	5914884
George Pusey Hawley	General counsel	1 Jul 2012	Other	6159719
Joseph Thomas Viola	Chief operating officer	1 Jan 2014	Other	6388176
George Pusey Hawley	Chief compliance officer	1 Jan 2014	Other	6159719
Crescent Capital Group Lp	Member (crescent european specialty lending llc)	1 Mar 2014	75% - 100%	153966
Joseph A (Mi Only) Hanlon	Chief compliance officer	1 Jul 2014	Other	4863662
Gerhard Pieter Lombard	Chief financial officer	1 Aug 2016	Other	5417328

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. The Tcw Group	Shareholder	1 May 1970	75% - 100%	95-3703295
Societe Generale Sa	Shareholder	1 Jan 1997	75% - 100%	52-1128875
Jean Marc Chapus	Member	1 Jun 2001	25% - 50%	1404444
Robert David Beyer	Member	1 Jun 2001	25% - 50%	1158084
Mark Louis Attanasio	Member	1 Jun 2001	25% - 50%	1455403
Societe Generale Holding De Participations	Shareholder	1 Jul 2001	75% - 100%	foreign
Mark Louis Attanasio	Member	1 May 2010	50% - 75%	1455403
Crescent Capital Group Lp	Owner	1 Oct 2011	75% - 100%	foreign
Jean Marc Chapus	Limited partner	1 Dec 2011	25% - 50%	1404444
Mark Louis Attanasio	Limited partner	1 Dec 2011	25% - 50%	1455403

Based in Los Angeles

The principal office where Crescent Capital Group LP performs its advisory services is located at 11100 Santa Monica Blvd., Los Angeles, CA 90025, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-235-5900. The normal business hours are 7:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at crescentcap.com.