Investment firm Crescent Capital Group said it raised more than USD 3.4 billion for its sixth fund, Crescent Mezzanine Partners VI. This was the largest private mezzanine offering in the firm's history as the successful close exceeded the initial target. Crescent Mezzanine only had a fundraising target of USD 2.5 billion for Fund VI.

Managing Partner and Co-founder of Crescent Capital Group Jean-Marc Chapus thanked the firm's existing partners for their participation in the private offering. "We are also pleased to welcome the support of a number of new investors in Fund VI. We believe that our experience investing and sourcing in excess of $10 billion of capital in over 150 mezzanine transactions on behalf of our funds and co-investors for over 20 years was a key element to our success," he added.

Based in Los Angeles, Crescent Mezzanine Group is a provider of mezzanine capital. It helps management teams and private equity sponsors with long-term financing solutions so they can buy, acquire, recapitalize, and finance companies.