At a glance
- The vehicles are Crescent Private Lending Evergreen Fund (Delaware) LP, Crescent Private Lending Evergreen Fund (Luxembourg) SCSp and Crescent Private Lending Evergreen Levered Fund (Luxembourg) SCSp.
- All three list the total offering amount as undisclosed and the amount sold to date as $0.
- For advisors and allocators, the Form Ds omit fees, redemption terms, borrowing limits and portfolio detail.
Crescent Capital Group filed Form Ds on Oct. 23 for three evergreen private lending funds. The vehicles are Crescent Private Lending Evergreen Fund (Delaware) LP, Crescent Private Lending Evergreen Fund (Luxembourg) SCSp and Crescent Private Lending Evergreen Levered Fund (Luxembourg) SCSp.
All three list the total offering amount as undisclosed and the amount sold to date as $0. The general partner splits by domicile: CPLE GP LLC for the Delaware LP and CPLE GP S.a r.l. for the two Luxembourg partnerships.
For advisors and allocators, the Form Ds omit fees, redemption terms, borrowing limits and portfolio detail. The open due-diligence questions are repurchase mechanics, leverage on the levered vehicle and whether the two sleeves hold the same loans.
The next public marker would be an amendment reporting a first sale, which would state a size for at least one vehicle.
Reported by the Hedge Funds & Liquid Alts desk from SEC EDGAR Form D filings, SEC EDGAR Form D filings and SEC EDGAR Form D filings. Published . Corrections