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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Crescent Capital BDC Inc | NASDAQ:CCAP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.27% | 18.53 | 18.27 | 18.77 | 18.61 | 18.43 | 18.47 | 149,905 | 01:00:00 |
File No. 812-[ ]
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
In the Matter of the Application of:
Crescent Capital BDC, Inc., Crescent Private Credit Income Corp., Crescent Capital Group LP, Crescent Cap Advisors, LLC, Crescent Direct Lending Management, LLC, Crescent SBIC Management, LLC, Crescent Credit Europe LLP, Crescent Direct Lending SMA Management LLC, Crescent Private Credit Partners Management LLC, Crescent Cap NT Advisors, LLC
Crescent Mezzanine Partners VI, LP, Crescent Mezzanine Partners VIB, LP, Crescent Mezzanine Partners VIC, LP, Crescent Capital High Income Fund, LP, Crescent Capital High Income Fund B, L.P., Crescent Credit Europe CAA SCS, Crescent Credit Europe MM SCS, Crescent Credit Solutions VIII, L.P., Crescent Credit Solutions VIIIB, SCSp, Crescent Credit Solutions VIIIC (Solvency II), SCSp, Crescent Credit Solutions VIII A-2, LP, Crescent Credit Opportunities Fund, L.P., Crescent Credit Opportunities Fund (Cayman), L.P., Crescent Credit Opportunities Fund AIF, SCSP, Crescent Senior Secured Floating Rate Loan Fund, LLC, Crescent Senior Secured Floating Rate Loan Fund (Cayman), LP, Crescent/Kamehameha Schools Partnership, LP, NPS/Crescent Strategic Partnership, LP, NPS/Crescent Strategic Partnership II, LP, Crescent (TX) Direct Lending Fund, L.P., Crescent Direct Lending Fund, L.P., Crescent Direct Lending Levered Fund (Cayman), LP, Crescent Direct Lending Levered Fund (Delaware), LP, CDL Unit Trust (Ireland), CDL Investment Subsidiary II, LP, CDL Levered Fund II, LP, Crescent Direct Lending Fund II (Ireland), LP , Crescent Direct Lending Fund II (Canada), LP , Crescent Direct Lending Levered Fund II (Cayman), LP, Crescent Direct Lending Levered Fund II (Delaware), LP, Crescent Direct Lending Fund II (Delaware), LP, CDL Unlevered III Investment Subsidiary LP, CDL Levered III Investment Subsidiary LP, Crescent Direct Lending Fund III LP, Crescent Direct Lending Fund III (Delaware), LP, Crescent Direct Lending Fund III (Cayman) LP, Crescent Direct Lending Fund III (Ireland) LP, Crescent Direct Lending Fund III Note Feeder LP, Crescent Direct Lending Fund III (Canada) LP, Crescent Direct Lending Levered Fund, L.P., Crescent Direct Lending Levered Fund III (Cayman), LP, Crescent Direct Lending Levered Fund III (Delaware), LP, Crescent Direct Lending Levered Fund III Note Feeder LP, Crescent Direct Lending Levered Fund III (Ireland) LP, Crescent Direct Lending Fund III (UK) LP, Crescent Direct Lending SBIC Fund, L.P., Crescent Special Situations Fund (Investor Group), L.P., Crescent European Specialty Lending Fund, L.P., Crescent European Specialty Loan Fund SCS, SICAV-FIS, Crescent European Specialty Lending Fund (Levered) LP, Crescent European Specialty Lending Fund (Cayman-Levered) LP, Crescent European Specialty Lending Fund (Cayman) LP, Crescent European Specialty Lending Fund for ERISA Plans LP, Crescent European Specialty Lending Fund II (Delaware) LP, Crescent European Specialty Lending Fund II (Levered) LP, Crescent European Specialty Lending Fund II (Cayman-Levered) LP, Crescent European Specialty Lending Fund II (Cayman-Levered EUR) LP, Crescent European Specialty Lending Fund II (Cayman) LP, Crescent European Specialty Loan Fund II SCSp, Crescent European Specialty Loan Fund II (GBP) SCSp, Crescent Mezzanine Partners VII (LTL), L.P., Crescent Mezzanine Partners VII, L.P., Crescent Mezzanine Partners VIIB, L.P., Crescent Mezzanine Partners VIIC (LTL), L.P., Crescent Mezzanine Partners VIIC, L.P., Crescent Mezzanine Partners VII (Chengdong Co-Investment), L.P., Crescent Mezzanine Partners VII (PA Co-Investment), LP, Crescent Mezzanine Partners VII (PA Co-Investment II), LP, Crescent Mezzanine Partners VII (PA Co-Investment III), LP, CPCP Levered Unitranche Investments LP, CPCP Unitranche Investments LP, Crescent Private Credit Partners LP, Crescent Private Credit Partners Levered Unitranche Fund (DE) LP, Crescent Private Credit Partners Levered Unitranche Fund (Ireland) LP, Crescent Private Credit Partners Levered Unitranche Note Feeder LP, Crescent Private Credit Partners Unitranche Fund (DE) LP, Crescent Private Credit Partners Unitranche Fund TE (Cayman) LP, Crescent Private Credit Partners Unitranche Note Feeder LP, Crescent Private Credit Partners Unitranche Fund (Ireland) LP, Income Credit Strategies (Series C) LP, Crescent LACERS SMA Partnership, LP, Crescent Ginkgo LP, Crescent K Investments, L.P., CESL-A Coinvest Fund SCSp., Crescent CRPTF Multi-Strat L.P., Crescent CRPTF Private Credit L.P., Crescent/AEGIS Partnership, L.P., Crescent European Specialty Lending Fund III (GBP) SCSp, Crescent European Specialty Lending Fund III SCSp, Crescent European Specialty Lending Fund III (Cayman-Levered) LP and CRESCENT European Specialty Lending Fund III (Delaware) LP
11100 Santa Monica Blvd., Suite 2000
Los Angeles, CA 90025
Tel: (310) 235-5900
APPLICATION FOR AN ORDER TO AMEND A PRIOR ORDER UNDER SECTIONS 17(d) AND 57(i) OF THE INVESTMENT COMPANY ACT OF
1940 AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 PERMITTING CERTAIN JOINT TRANSACTIONS OTHERWISE PROHIBITED BY
SECTIONS 17(d) AND 57(a)(4) OF THE INVESTMENT COMPANY ACT OF
1940 AND RULE 17d-1 UNDER THE INVESTMENT COMPANY ACT OF 1940
Please direct all communications, notices and orders to: | Copies to: | |
George Hawley, General Counsel Crescent Capital Group LP 11100 Santa Monica Blvd., Suite 2000 Los Angeles, CA 90025 (310) 235-5900 |
Michael Hoffman Skadden, Arps, Slate, Meagher & Flom LLP One Manhattan West New York, New York 10001 (212) 735-3406 |
April 4, 2023
This Application (including Exhibits) contains 31 pages
1
I. INTRODUCTION
A. Summary of Application
On March 29, 2016, the Securities and Exchange Commission (the Commission) issued an order under Sections 17(d) and 57(i) of the Investment Company Act of 1940, as amended (the 1940 Act),1 and Rule 17d-1 thereunder, permitting certain joint transactions otherwise prohibited by Sections 17(d) and 57(a)(4) of the 1940 Act and Rule 17d-1 thereunder, as more described more fully therein (the Prior Order).2 The Prior Order permits certain business development companies and closed-end management investment companies to co-invest in portfolio companies with each other and with affiliated investment entities.
The Applicants (defined below) hereby seek an amended order (the Amended Order) from the Commission under Section 57(i) of the 1940 Act, and Rule 17d-1 thereunder to extend the relief granted in the Prior Order to incorporate the temporary relief granted by the Commission on April 8, 2020.3 Applicants propose to:
| amend the term Follow-On Investment to mean (i) with respect to a Regulated Entity, an additional investment in the same issuer in which the Regulated Entity is currently invested; or (ii) with respect to an Affiliated Fund, (X) an additional investment in the same issuer in which the Affiliated Fund and at least one Regulated Entity are currently invested; or (Y) an investment in an issuer in which at least one Regulated Entity is currently invested but in which the Affiliated Fund does not currently have an investment. |
B. Applicants
| Crescent Capital BDC, Inc. (Crescent), a closed-end management investment company that has elected to be regulated as a business development company under the 1940 Act; |
| Crescent Private Credit Income Corp. (Crescent Private Credit), a closed-end management investment company that intends to elect to be regulated as a business development company under the 1940 Act; |
| Crescent Capital Group LP (Crescent Capital), a limited partnership organized under the Delaware Revised Uniform Limited Partnership Act on May 4, 2010; |
| Crescent Cap Advisors, LLC (Crescent Cap Advisors), a Delaware limited liability company registered with the Commission under the Investment Advisers Act of 1940, as amended (the Advisers Act) is a majority-owned subsidiary of Crescent Capital and is the investment adviser to Crescent; 4 |
| Crescent Cap NT Advisors, LLC (Crescent Cap NT), a Delaware limited liability company registered with the Commission under the Advisers Act is a majority-owned subsidiary of Crescent Capital and is the investment adviser to Crescent Private Credit; |
1 | Unless otherwise indicated, all section and rule references herein are to the 1940 Act and rules promulgated thereunder. |
2 | Crescent Capital BDC, Inc., et al. (File No. 812-14454) Investment Company Act Rel. Nos. 32056 (March 29, 2016) (order) and 32056 (March 2, 2016) (notice). |
3 | BDC Temporary Exemptive Order, Investment Company Act Rel. Nos. 33837 (April 8, 2020) (order) (extension granted January 5, 2021 and further extension granted April 22, 2021) (the Temporary Relief). |
4 | Regulated Entity Adviser means (a) Crescent Cap Advisors and Crescent Cap NT (defined below) and (b) any future investment adviser to a Regulated Entity that is controlled by Crescent Capital and is registered as an investment adviser under the Advisers Act. |
2
| Crescent Private Credit Partners Management LLC (Private Credit Management), a limited liability company organized under the Delaware Limited Liability Company Act on July 18, 2018; |
| Crescent Direct Lending Management, LLC (CDL Management), a Delaware limited liability company formed on March 31, 2014, is a wholly-owned subsidiary of Crescent Capital and is a registered investment adviser under the Advisers Act; |
| Crescent Direct Lending SMA Management, LLC (CDL SMA Management), a limited liability company organized under the Delaware Limited Liability Company Act on June 21, 2021; |
| Crescent SBIC Management, LLC (SBIC Management), a Delaware limited liability company formed on March 5, 2013, is a subsidiary of Crescent Capital and is a registered investment adviser under the Advisers Act. SBIC Management serves as an investment adviser to a SBIC; |
| Crescent Credit Europe LLP (Crescent Credit Europe, and collectively with Private Credit Management, CDL Management, CDL SMA Management, SBIC Management and Crescent Credit Europe, the Existing Crescent Advisers), a limited liability partnership organized in England and Wales on October 6, 2011, is an affiliate of Crescent Capital and is a registered investment adviser under the Advisers Act. Crescent Credit Europe serves as an investment adviser to certain clients with a focus on European credit investments; and |
| Investment funds and other vehicles set forth on Schedule A hereto, each of which is an entity whose investment adviser is a Crescent Adviser5 and that would be an investment company but for section 3(c)(1) or 3(c)(7) of the 1940 Act (collectively, the Existing Affiliated Funds; and the Existing Affiliated Funds, together with the Private Fund Advisers, Crescent, Crescent Private Credit, Crescent Cap NT and Crescent Cap Advisers, the Applicants). 6 |
All Applicants are eligible to rely on the Prior Order.
C. Defined Terms
Except as stated herein, defined terms used in this application (the Application) have the meanings provided in the application for the Prior Order, as amended and restated (the Prior Application).
Follow-On Investment means (i) with respect to a Regulated Entity, an additional investment in the same issuer in which the Regulated Entity is currently invested; or (ii) with respect to an Affiliated Fund, (X) an additional investment in the same issuer in which the Affiliated Fund and at least one Regulated Entity are currently invested; or (Y) an investment in an issuer in which at least one Regulated Entity is currently invested but in which the Affiliated Fund does not currently have an investment. An investment in an issuer includes, but is not limited to, the exercise of warrants, conversion privileges or other rights to purchase securities of the issuer.
II. APPLICANTS PROPOSAL
The Amended Order, if granted, would expand the relief provided in the Prior Order to permit Affiliated Funds to participate in Follow-On Investments in issuers in which at least one Regulated Entity is invested, but such Affiliated Funds are not invested. This relief would not permit Follow-On Investments by Regulated Entity that are not invested in the issuer. The relief requested in this Application with respect to Follow-On Investments is based on the Temporary Relief granted by the Commission on April 8, 2020.
5 | Crescent Advisers means any Existing Crescent Adviser or any future investment adviser that is controlled by Crescent Capital and is registered as an investment adviser under the Advisers Act. |
6 | Adviser means any Crescent Adviser or any Regulated Entity Adviser. |
3
III. STATEMENT IN SUPPORT OF RELIEF REQUESTED
Except as stated herein, the disclosure in Section IV, Statement in Support of Relief Requested, of the Prior Application is equally applicable to this Application Amendment.
IV. CONDITIONS
Except as stated herein, the Conditions of the Prior Order, as stated in Section III of the Prior Application, will remain in effect. Any language in the Conditions of the Prior Order stating that an Affiliated Fund is required to have an existing investment in an issuer and/or needs to have previously participated in a Co-Investment Transaction with respect to such issuer in order to participate in a Follow-On Investment shall be deemed removed if the Amended Order is granted.
V. PROCEDURAL MATTERS
Applicants file this Application in accordance with Rule 0-2 under the 1940 Act. Pursuant to Rule 0-2(f) under the 1940 Act, Applicants state that their address is indicated on the cover page of this Application. Applicants further request that all communications concerning this Application should be directed and copied to the persons listed on the cover page of the Application.
In accordance with Rule 0-2(c) under the 1940 Act, Applicants state that all actions necessary to authorize the execution and filing of this Application have been taken, and the persons signing and filing this document are authorized to do so on behalf of Applicants pursuant to their corporate organizational documents, and in the case of the Trust, the attached resolutions. Applicants also have attached the verifications required by Rule 0-2(d) under the 1940 Act.
In accordance with Rule 0-5 under the 1940 Act, Applicants request that the Commission issue the requested Order without holding a hearing.
Applicants have caused this Application to be duly signed on their behalf on the 4th day of April, 2023.
CRESCENT CAPITAL BDC, INC. | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT PRIVATE CREDIT INCOME CORP. | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CAP NT ADVISORS, LLC | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
4
CRESCENT CAP ADVISORS, LLC | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CAPITAL GROUP LP | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING MANAGEMENT, LLC | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT SBIC MANAGEMENT, LLC | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CREDIT EUROPE LLP | ||
By: | /s/ Jean-Marc Chapus | |
Name: | Jean-Marc Chapus | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING SMA MANAGEMENT LLC | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT CREDIT PARTNERS MANAGEMENT LLC | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
5
CRESCENT MEZZANINE PARTNERS VI, LP, by | ||
CRESCENT MEZZANINE VI LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VIB, LP, by | ||
CRESCENT MEZZANINE VI LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VIC, LP, by | ||
CRESCENT MEZZANINE VI LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CAPITAL HIGH INCOME FUND, LP, by | ||
CRESCENT CAPITAL GROUP HIGH INCOME LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CAPITAL HIGH INCOME FUND B, L.P., by | ||
CRESCENT CAPITAL GROUP HIGH INCOME B LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CREDIT EUROPE CAA SCS, by | ||
CRESCENT EUROPEAN SPECIALTY LOAN S.A.R.L, its General Partner | ||
By: | /s/ Jason Breaux | |
Name: | Jason Breaux | |
Title: | Manager B | |
CRESCENT CREDIT EUROPE MM SCS, by | ||
CRESCENT EUROPEAN SPECIALTY LOAN S.A.R.L, its General Partner | ||
By: | /s/ Jason Breaux | |
Name: | Jason Breaux | |
Title: | Manager B |
6
CRESCENT CREDIT SOLUTIONS VIII, L.P., by | ||
CRESCENT CREDIT SOLUTIONS VIII, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CREDIT SOLUTIONS VIIIB, SCSP, by | ||
CRESCENT CREDIT SOLUTIONS VIII GP, SARL, its General Partner | ||
By: | /s/ Tyrone Chang | |
Name: | Tyrone Chang | |
Title: | Authorized Signatory | |
CRESCENT CREDIT SOLUTIONS VIIIC (SOLVENCY II), SCSP, by | ||
CRESCENT CREDIT SOLUTIONS VIII GP, SARL, its General Partner | ||
By: | /s/ Tyrone Chang | |
Name: | Tyrone Chang | |
Title: | Authorized Signatory | |
CRESCENT CREDIT SOLUTIONS VIII A-2, LP, by | ||
CRESCENT CREDIT SOLUTIONS VIII, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CREDIT OPPORTUNITIES FUND, L.P., by | ||
CRESCENT CREDIT OPPORTUNITIES, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CREDIT OPPORTUNITIES FUND (CAYMAN), L.P., by | ||
CRESCENT CREDIT OPPORTUNITIES, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
7
CRESCENT CREDIT OPPORTUNITIES FUND AIF, SCSP, by | ||
CRESCENT CREDIT OPPORTUNITIES GP, SARL, its General Partner | ||
By: | /s/ Jason Breaux | |
Name: | Jason Breaux | |
Title: | Manager B | |
CRESCENT SENIOR SECURED FLOATING RATE LOAN FUND, LLC, by | ||
CRESCENT SENIOR SECURED LOAN MANAGEMENT LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT SENIOR SECURED FLOATING RATE LOAN FUND (CAYMAN), LP, by | ||
CRESCENT SENIOR SECURED LOAN MANAGEMENT LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT/KAMEHAMEHA SCHOOLS PARTNERSHIP, LP, by | ||
CRESCENT/K SCHOOL SMA PARTNERS, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
NPS/CRESCENT STRATEGIC PARTNERSHIP, LP, by | ||
NPS/CRESCENT SMA PARTNERS LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
NPS/CRESCENT STRATEGIC PARTNERSHIP II, LP, by | ||
NPS/CRESCENT SMA PARTNERS II, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT (TX) DIRECT LENDING FUND, L.P., by | ||
CRESCENT (TX) DIRECT LENDING, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
8
CRESCENT DIRECT LENDING FUND, L.P., by | ||
CRESCENT DIRECT LENDING, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND, L.P., by | ||
CRESCENT DIRECT LENDING LEVERED, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND (CAYMAN), LP, by | ||
CRESCENT DIRECT LENDING LEVERED, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND (DELAWARE), LP, by | ||
CRESCENT DIRECT LENDING LEVERED, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CDL UNIT TRUST (IRELAND), by | ||
CRESCENT DIRECT LENDING MANAGEMENT, LLC, its Investment Adviser | ||
By: | /s/ John S. Bowman | |
Name: | John S. Bowman | |
Title: | Authorized Signatory | |
CDL INVESTMENT SUBSIDIARY II, LP, by | ||
CDL GENERAL PARTNER II, LTD, its General Partner | ||
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory |
9
CDL LEVERED FUND II, LP, by | ||
CDL LEVERED GENERAL PARTNER II, LTD., its General Partner | ||
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND II (IRELAND), LP, by | ||
CDL II GP LIMITED, its General Partner | ||
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND II (CANADA), LP, by | ||
CDL GENERAL PARTNER II GP, LTD., its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND II (CAYMAN), LP, by | ||
CDL FUND II GP, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND II (DELAWARE), LP, by | ||
CDL FUND II GP, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND II (DELAWARE), LP, by | ||
CDL FUND II GP, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
10
CDL UNLEVERED III INVESTMENT SUBSIDIARY LP, by | ||
CDL GENERAL PARTNER III LTD., its General Partner | ||
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory | |
CDL LEVERED III INVESTMENT SUBSIDIARY LP, by | ||
CDL LEVERED GENERAL PARTNER III LTD., its General Partner | ||
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND III LP, by | ||
CDL III GP LIMITED, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND III (DELAWARE), LP, by | ||
CDL FUND III GP LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND III (CAYMAN) LP, by | ||
CDL FUND III GP LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND III (IRELAND) LP, by | ||
CDL III GP LIMITED, its General Partner | ||
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND III NOTE FEEDER LP, by | ||
CDL FUND III GP LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
11
CRESCENT DIRECT LENDING FUND III (CANADA) LP, by | ||
CDL GENERAL PARTNER III GP LTD., its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND III (CAYMAN), LP, by | ||
CDL FUND III GP LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND III (DELAWARE), LP, by | ||
CDL FUND III GP LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND III NOTE FEEDER LP, by | ||
CDL FUND III GP LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING LEVERED FUND III (IRELAND) LP, by | ||
CDL FUND III GP LLC, its General Partner | ||
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory | |
CRESCENT DIRECT LENDING FUND III (UK) LP, by | ||
CDL FUND III GP LLC, its General Partner | ||
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory |
12
CRESCENT DIRECT LENDING SBIC FUND, L.P., by | ||
CRESCENT DIRECT LENDING SBIC, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT SPECIAL SITUATIONS FUND (INVESTOR GROUP), L.P., by | ||
CRESCENT SPECIAL SITUATIONS FUND LTD., its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND, L.P., by | ||
CRESCENT EUROPEAN SPECIALTY LENDING LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LOAN FUND SCS, SICAV-FIS, by | ||
CRESCENT EUROPEAN SPECIALTY LOAN S.A.R.L, its General Partner | ||
By: | /s/ Jason Breaux | |
Name: | Jason Breaux | |
Title: | Manager B | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND (LEVERED) LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND (CAYMAN-LEVERED) LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND (CAYMAN) LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
13
CRESCENT EUROPEAN SPECIALTY LENDING FUND FOR ERISA PLANS LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND II (DELAWARE) LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING II LLC its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND II (LEVERED) LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING II LLC its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND II (CAYMAN-LEVERED) LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING II LLC its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND II (CAYMAN-LEVERED EUR) LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING II LLC its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND II (CAYMAN) LP, by | ||
CRESCENT EUROPEAN SPECIALTY LENDING II LLC its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
14
CRESCENT EUROPEAN SPECIALTY LOAN FUND II SCSP, by | ||
CRESCENT EUROPEAN SPECIALTY LOAN II S.A.R.L. its General Partner | ||
By: | /s/ Jason Breaux | |
Name: |
Jason Breaux | |
Title: |
Manager B | |
CRESCENT EUROPEAN SPECIALTY LOAN FUND II (GBP) SCSP, by | ||
CRESCENT EUROPEAN SPECIALTY LOAN II S.A.R.L. its General Partner | ||
By: | /s/ Jason Breaux | |
Name: |
Jason Breaux | |
Title: |
Manager B | |
CRESCENT MEZZANINE PARTNERS VII (LTL), L.P., by | ||
CRESCENT MEZZANINE VII, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: |
George Hawley | |
Title: |
Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VII, L.P., by | ||
CRESCENT MEZZANINE VII, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: |
George Hawley | |
Title: |
Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VIIB, L.P., by | ||
CRESCENT MEZZANINE VII, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: |
George Hawley | |
Title: |
Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VIIC (LTL), L.P., by | ||
CRESCENT MEZZANINE VII, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: |
George Hawley | |
Title: |
Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VIIC, L.P., by | ||
CRESCENT MEZZANINE VII, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: |
George Hawley | |
Title: |
Authorized Signatory |
15
CRESCENT MEZZANINE PARTNERS VII (CHENGDONG CO-INVESTMENT), L.P., by | ||
GP: CRESCENT MEZZANINE VII (CHENGDONG GP), LTD., its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VII (PA CO-INVESTMENT), LP, by | ||
CRESCENT MEZZANINE VII (PA), LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VII (PA CO-INVESTMENT II), LP, by | ||
CRESCENT MEZZANINE VII (PA), LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT MEZZANINE PARTNERS VII (PA CO-INVESTMENT III), LP, by | ||
CRESCENT MEZZANINE VII (PA), LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CPCP LEVERED UNITRANCHE INVESTMENTS LP, by | ||
CPCP LEVERED UNITRANCHE INVESTMENTS GP LTD., its General Partner | ||
By: | /s/ Laren Gillespie | |
Name: | Laren Gillespie | |
Title: | Authorized Signatory | |
CPCP UNITRANCHE INVESTMENTS LP, by | ||
CPCP UNITRANCHE INVESTMENTS GP LTD., its General Partner | ||
By: | /s/ Laren Gillespie | |
Name: | Laren Gillespie | |
Title: | Authorized Signatory |
16
CRESCENT PRIVATE CREDIT PARTNERS LP, by | ||
CPCP GENERAL PARTNER LIMITED, its General Partner | ||
By: | /s/ Tyrone Chang | |
Name: | Tyrone Chang | |
Title: | Authorized Signatory | |
CRESCENT PRIVATE CREDIT PARTNERS LEVERED UNITRANCHE FUND (DE) LP, by | ||
CPCP GENERAL PARTNER LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT PRIVATE CREDIT PARTNERS LEVERED UNITRANCHE FUND (IRELAND) LP, by | ||
CPCP GENERAL PARTNER LIMITED, its General Partner | ||
By: | /s/ Tyrone Chang | |
Name: | Tyrone Chang | |
Title: | Authorized Signatory | |
CRESCENT PRIVATE CREDIT PARTNERS LEVERED UNITRANCHE NOTE FEEDER LP, by | ||
CPCP GENERAL PARTNER LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT PRIVATE CREDIT PARTNERS UNITRANCHE FUND (DE) LP, by | ||
CPCP GENERAL PARTNER LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT PRIVATE CREDIT PARTNERS UNITRANCHE FUND TE (CAYMAN) LP, by | ||
CPCP GENERAL PARTNER LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory |
17
CRESCENT PRIVATE CREDIT PARTNERS UNITRANCHE NOTE FEEDER LP, by | ||
CPCP GENERAL PARTNER LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT PRIVATE CREDIT PARTNERS UNITRANCHE FUND (IRELAND) LP, by | ||
CPCP GENERAL PARTNER LIMITED, its General Partner | ||
By: | /s/ Tyrone Chang | |
Name: | Tyrone Chang | |
Title: | Authorized Signatory | |
INCOME CREDIT STRATEGIES (SERIES C) LP, by | ||
CRESCENT ICS GP, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT LACERS SMA PARTNERSHIP, LP, by | ||
CRESCENT LACERS SMA PARTNERSHIP GP, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT GINKGO LP, by | ||
CRESCENT CREDIT SOLUTIONS VIII, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT K INVESTMENTS, L.P., by | ||
CRESCENT K GP, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CESL-A COINVEST FUND SCSP, by | ||
CESL-A COINVEST GP S.A.R.L., its General Partner | ||
By: | /s/ Wayne Hosang | |
Name: | Wayne Hosang | |
Title: | Authorized Signatory |
18
CRESCENT CRPTF MULTI-STRAT L.P, by | ||
CRESCENT CRPTF MULTI-STRAT, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT CRPTF PRIVATE CREDIT L.P, by | ||
CRESCENT CRPTF PRIVATE CREDIT, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT/AEGIS PARTNERSHIP, L.P., by | ||
CRESCENT/AEGIS SMA PARTNERS, LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND III (CAYMAN-LEVERED) LP, by | ||
Crescent European Specialty Lending III LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND III (DELAWARE) LP., by | ||
Crescent European Specialty Lending III LLC, its General Partner | ||
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND III (GBP) SCSP, by | ||
Crescent European Specialty Lending III S.à r.l., its General Partner | ||
By: | /s/ Jason Breaux | |
Name: | Jason Breaux | |
Title: | Manager B | |
CRESCENT EUROPEAN SPECIALTY LENDING FUND III SCSP, by | ||
Crescent European Specialty Lending III S.à r.l., its General Partner | ||
By: | /s/ Jason Breaux | |
Name: | Jason Breaux | |
Title: | Manager B |
19
VERIFICATION
STATE OF CALIFORNIA | ) | |
COUNTY OF LOS ANGELES | ) |
The undersigned states that he has duly executed the attached Application for and on behalf of Crescent Capital BDC, Inc., Crescent Private Credit Income Corp., Crescent Capital Group LP, Crescent Cap Advisors, LLC, Crescent Cap NT Advisors, LLC, Crescent Direct Lending Management, LLC, Crescent SBIC Management, LLC, Crescent Direct Lending SMA Management LLC, Crescent Private Credit Partners Management LLC, Crescent Mezzanine Partners VI, LP, Crescent Mezzanine Partners VIB, LP, Crescent Mezzanine Partners VIC, LP, Crescent Capital High Income Fund, LP, Crescent Capital High Income Fund B, L.P., Crescent Credit Solutions VIII, L.P., Crescent Credit Solutions VIII A-2, LP, Crescent Credit Opportunities Fund, L.P., Crescent Credit Opportunities Fund (Cayman), L.P., Crescent Senior Secured Floating Rate Loan Fund, LLC, Crescent Senior Secured Floating Rate Loan Fund (Cayman), LP, Crescent/Kamehameha Schools Partnership, LP, NPS/Crescent Strategic Partnership, LP, NPS/Crescent Strategic Partnership II, LP, Crescent (TX) Direct Lending Fund, L.P., Crescent Direct Lending Fund, L.P., Crescent Direct Lending Levered Fund, L.P., Crescent Direct Lending Levered Fund (Cayman), LP, Crescent Direct Lending Levered Fund (Delaware), LP, Crescent Direct Lending Fund II (Canada), LP, Crescent Direct Lending Levered Fund II (Cayman), LP, Crescent Direct Lending Levered Fund II (Delaware), LP, Crescent Direct, Lending Fund II (Delaware), LP, Crescent Direct Lending Fund III LP, Crescent Direct Lending Fund III (Delaware), LP, Crescent Direct Lending Fund III (Cayman) LP, Crescent Direct Lending Fund III Note Feeder LP, Crescent Direct Lending Fund III (Canada) LP, Crescent Direct Lending Levered Fund III (Cayman), LP, Crescent Direct Lending Levered Fund III (Delaware), LP, Crescent Direct Lending Fund II (Delaware), LP, Crescent Direct Lending Levered Fund III Note Feeder LP, Crescent Direct Lending SBIC Fund, L.P., Crescent Special Situations Fund (Investor Group), L.P., Crescent European Specialty Lending Fund, L.P., Crescent European Specialty Lending Fund (Levered) LP, Crescent European Specialty Lending Fund (Cayman-Levered) LP, Crescent European Specialty Lending Fund (Cayman) LP, Crescent European Specialty Lending Fund for ERISA Plans LP, Crescent European Specialty Lending Fund II (Delaware) LP, Crescent European Specialty Lending Fund II (Levered) LP, Crescent European Specialty Lending Fund II (Cayman-Levered) LP, Crescent European Specialty Lending Fund II (Cayman-Levered EUR) LP, Crescent European Specialty Lending Fund II (Cayman) LP, Crescent Mezzanine Partners VII (LTL), L.P., Crescent Mezzanine Partners VII, L.P., Crescent Mezzanine Partners VIIB, L.P., Crescent Mezzanine Partners VIIC (LTL), L.P., Crescent Mezzanine Partners VIIC, L.P., Crescent Mezzanine Partners VII (Chengdong Co-Investment), L.P., Crescent Mezzanine Partners VII (PA Co-Investment), LP, Crescent Mezzanine Partners VII (PA Co-Investment II), LP, Crescent Mezzanine Partners VII (PA Co-Investment III), LP, Crescent Private Credit Partners Levered Unitranche Fund (DE) LP, Crescent Private Credit Partners Levered Unitranche Note Feeder LP, Crescent Private Credit Partners Unitranche Fund (DE) LP, Crescent Private Credit Partners Unitranche Fund TE (Cayman) LP, Crescent Private Credit Partners Unitranche Note Feeder LP, Income Credit Strategies (Series C) LP, Crescent LACERS SMA Partnership, LP, Crescent Ginkgo LP, Crescent K Investments, L.P., Crescent CRPTF Multi-Strat L.P., Crescent CRPTF Private Credit L.P. Crescent/AEGIS Partnership, L.P; Crescent European Specialty Lending Fund III (Cayman-Levered) LP and Crescent European Specialty Lending Fund III (Delaware) LP that he is the Authorized Signatory of each such company; and that all actions necessary to authorize him to execute and file such instrument have been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.
By: | /s/ George Hawley | |
Name: | George Hawley | |
Title: | Authorized Signatory | |
Date: | April 4, 2023 |
20
VERIFICATION
STATE OF CALIFORNIA | ) | |
COUNTY OF LOS ANGELES | ) |
The undersigned states that he has duly executed the attached Application for and on behalf of Crescent Credit Europe LLP; that he is the Authorized Signatory of such company; and that all actions necessary to authorize him to execute and file such instrument have been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.
By: | /s/ Jean-Marc Chapus | |
Name: | Jean-Marc Chapus | |
Title: | Authorized Signatory | |
Date: | April 4, 2023 |
21
VERIFICATION
STATE OF CALIFORNIA | ) | |
COUNTY OF LOS ANGELES | ) |
The undersigned states that he has duly executed the attached Application for and on behalf of Crescent Credit Europe CAA SCS, Crescent Credit Europe MM SCS, Crescent European Specialty Loan Fund II SCSp, Crescent European Specialty Loan Fund II (GBP) SCSp, Crescent Credit Opportunities Fund AIF, SCSP, Crescent European Specialty Loan Fund SCS, SICAV-FIS, Crescent European Specialty Lending Fund III (GBP) SCSp and Crescent European Specialty Lending Fund III SCSp that he is Manager B of the general partner of each such company; and that all actions necessary to authorize him to execute and file such instrument have been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.
By: | /s/ Jason Breaux | |
Name: | Jason Breaux | |
Title: | Manager B | |
Date: | April 4, 2023 |
22
VERIFICATION
STATE OF MASSACHUSETTS | ) | |
COUNTY OF BOSTON | ) |
The undersigned states that he has duly executed the attached Application for and on behalf of CDL Unit Trust (Ireland); that he is the Authorized Signatory of such company; and that all actions necessary to authorize him to execute and file such instrument have been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.
By: | /s/ John S. Bowman | |
Name: | John S. Bowman | |
Title: | Authorized Signatory | |
Date: | April 4, 2023 |
23
VERIFICATION
STATE OF CALIFORNIA | ) | |
COUNTY OF LOS ANGELES | ) |
The undersigned states that he has duly executed the attached Application for and on behalf of CDL Investment Subsidiary II, LP, CDL Levered Fund II, LP, CDL Unlevered III Investment Subsidiary LP, CDL Levered III Investment Subsidiary LP, Crescent Direct Lending Levered Fund III (Ireland) LP, Crescent Direct Lending Fund III (UK) LP, Crescent Direct Lending Fund II (Ireland), LP, Crescent Direct Lending Fund III (Ireland) LP; that he is the Authorized Signatory of each such company; and that all actions necessary to authorize him to execute and file such instrument have been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.
By: | /s/ Mike Rogers | |
Name: | Mike Rogers | |
Title: | Authorized Signatory | |
Date: | April 4, 2023 |
24
VERIFICATION
STATE OF CALIFORNIA | ) | |
COUNTY OF LOS ANGELES | ) |
The undersigned states that he has duly executed the attached Application for and on behalf of Crescent Private Credit Partners LP, Crescent Private Credit Partners Levered Unitranche Fund (Ireland) LP, Crescent Private Credit Partners Unitranche Fund (Ireland) LP, Crescent Credit Solutions VIIIB, SCSp, Crescent Credit Solutions VIIIC (Solvency II), SCSp; that he is the Authorized Signatory of each such company; and that all actions necessary to authorize him to execute and file such instrument have been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.
By: | /s/ Tyrone Chang | |
Name: | Tyrone Chang | |
Title: | Authorized Signatory | |
Date: | April 4, 2023 |
25
VERIFICATION
STATE OF CALIFORNIA | ) | |
COUNTY OF LOS ANGELES | ) |
The undersigned states that he has duly executed the attached Application for and on behalf of CPCP Levered Unitranche Investments LP, CPCP Unitranche Investments LP; that he is the Authorized Signatory of each such company; and that all actions necessary to authorize him to execute and file such instrument have been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.
By: | /s/ Laren Gillespie | |
Name: | Laren Gillespie | |
Title: | Authorized Signatory | |
Date: | April 4, 2023 |
26
VERIFICATION
STATE OF CALIFORNIA | ) | |
COUNTY OF LOS ANGELES | ) |
The undersigned states that he has duly executed the attached Application for and on behalf of CESL-A Coinvest Fund SCSp; that he is the Authorized Signatory of such company; and that all actions necessary to authorize him to execute and file such instrument have been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.
By: | /s/ Wayne Hosang | |
Name: | Wayne Hosang | |
Title: | Authorized Signatory | |
Date: | April 4, 2023 |
27
SCHEDULE A
Crescent Mezzanine Partners VI, LP
Crescent Mezzanine Partners VIB, LP
Crescent Mezzanine Partners VIC, LP
Crescent Capital High Income Fund, LP
Crescent Capital High Income Fund B, L.P.
Crescent Credit Europe CAA SCS
Crescent Credit Europe MM SCS
Crescent Credit Solutions VIII, L.P.
Crescent Credit Solutions VIIIB, SCSp
Crescent Credit Solutions VIIIC (Solvency II), SCSp
Crescent Credit Solutions VIII A-2, LP
Crescent Credit Opportunities Fund, L.P.
Crescent Credit Opportunities Fund (Cayman), L.P.
Crescent Credit Opportunities Fund AIF, SCSP
Crescent Senior Secured Floating Rate Loan Fund, LLC
Crescent Senior Secured Floating Rate Loan Fund (Cayman), LP
Crescent/Kamehameha Schools Partnership, LP
NPS/Crescent Strategic Partnership, LP
NPS/Crescent Strategic Partnership II, LP
Crescent (TX) Direct Lending Fund, L.P.
Crescent Direct Lending Fund, L.P.
Crescent Direct Lending Levered Fund (Cayman), LP
Crescent Direct Lending Levered Fund (Delaware), LP
CDL Unit Trust (Ireland)
CDL Investment Subsidiary II, LP
CDL Levered Fund II, LP
Crescent Direct Lending Levered Fund, L.P.
Crescent Direct Lending Fund II (Ireland), LP
Crescent Direct Lending Fund II (Canada), LP
Crescent Direct Lending Levered Fund II (Cayman), LP
Crescent Direct Lending Levered Fund II (Delaware), LP
Crescent Direct Lending Fund II (Delaware), LP
CDL Unlevered III Investment Subsidiary LP
CDL Levered III Investment Subsidiary LP
Crescent Direct Lending Fund III LP
Crescent Direct Lending Fund III (Delaware), LP
Crescent Direct Lending Fund III (Cayman) LP
Crescent Direct Lending Fund III (Ireland) LP
Crescent Direct Lending Fund III Note Feeder LP
Crescent Direct Lending Fund III (Canada) LP
Crescent Direct Lending Levered Fund III (Cayman), LP
Crescent Direct Lending Levered Fund III (Delaware), LP
Crescent Direct Lending Levered Fund III Note Feeder LP
Crescent Direct Lending Levered Fund III (Ireland) LP
Crescent Direct Lending Fund III (UK) LP
Crescent Direct Lending SBIC Fund, L.P.
Crescent Special Situations Fund (Investor Group), L.P.
Crescent European Specialty Lending Fund, L.P.
Crescent European Specialty Loan Fund SCS, SICAV-FIS
Crescent European Specialty Lending Fund (Levered) LP
Crescent European Specialty Lending Fund (Cayman-Levered) LP
Crescent European Specialty Lending Fund (Cayman) LP
Crescent European Specialty Lending Fund for ERISA Plans LP
Crescent European Specialty Lending Fund II (Delaware) LP
28
Crescent European Specialty Lending Fund II (Levered) LP
Crescent European Specialty Lending Fund II (Cayman-Levered) LP
Crescent European Specialty Lending Fund II (Cayman-Levered EUR) LP
Crescent European Specialty Lending Fund II (Cayman) LP
Crescent European Specialty Loan Fund II SCSp
Crescent European Specialty Loan Fund II (GBP) SCSp
Crescent Mezzanine Partners VII (LTL), L.P.
Crescent Mezzanine Partners VII, L.P.
Crescent Mezzanine Partners VIIB, L.P.
Crescent Mezzanine Partners VIIC (LTL), L.P.
Crescent Mezzanine Partners VIIC, L.P.
Crescent Mezzanine Partners VII (Chengdong Co-Investment), L.P.
Crescent Mezzanine Partners VII (PA Co-Investment), LP
Crescent Mezzanine Partners VII (PA Co-Investment II), LP
Crescent Mezzanine Partners VII (PA Co-Investment III), LP
CPCP Levered Unitranche Investments LP
CPCP Unitranche Investments LP
Crescent Private Credit Partners LP
Crescent Private Credit Partners Levered Unitranche Fund (DE) LP
Crescent Private Credit Partners Levered Unitranche Fund (Ireland) LP
Crescent Private Credit Partners Levered Unitranche Note Feeder LP
Crescent Private Credit Partners Unitranche Fund (DE) LP
Crescent Private Credit Partners Unitranche Fund TE (Cayman) LP
Crescent Private Credit Partners Unitranche Note Feeder LP
Crescent Private Credit Partners Unitranche Fund (Ireland) LP
Income Credit Strategies (Series C) LP
Crescent LACERS SMA Partnership, LP
Crescent Ginkgo LP
Crescent K Investments, L.P.
CESL-A Coinvest Fund SCSp
Crescent CRPTF Multi-Strat L.P.
Crescent CRPTF Private Credit L.P.
Crescent/AEGIS Partnership, L.P
Crescent European Specialty Lending Fund III (GBP) SCSp
Crescent European Specialty Lending Fund III SCSp
Crescent European Specialty Lending Fund III (Cayman-Levered) LP
Crescent European Specialty Lending Fund III (Delaware) LP
29
Resolutions of the Board of Directors of Crescent Capital BDC, Inc. (the Fund)
WHEREAS: The Board deems it advisable and in the best interest of the Fund to file with the Securities and Exchange Commission (the Commission) an application to amend the Funds current Order of Exemption pursuant to Sections 17(d), 57(c) and 57(i) of the Investment Company Act, as amended (the 1940 Act), and Rule 17d-1 promulgated thereunder (the Amended Application), to permanently authorize the participation in follow-on investments with one or more regulated funds and/or affiliated funds, in accordance with the requirements provided by the Commission in Investment Company Act of 1940 Release No. 33837 (dated April 8, 2020); now therefore be it
RESOLVED: That the officers of the Fund be, and each of them hereby is, authorized and directed on behalf of the Fund and in its name to prepare, execute, and cause to be filed with the Commission the Amended Application, and any further amendments thereto; and further
RESOLVED: That the officers of the Fund be, and each of them hereby is, authorized and directed to take such further action and execute such other documents as such officer or officers shall deem necessary or advisable in order to effectuate the intent of the foregoing resolution.
Adopted July 22, 2022
30
Resolutions of the Board of Directors of Crescent Private Credit Income Corp. (the Fund)
WHEREAS, exemptive relief from the SEC has been granted to an affiliate of the Adviser and certain of its affiliates to permit co-investing with other funds managed by affiliates of the Adviser (In re Crescent Capital BDC, Inc., et al., Investment Company Act Rel. No. 32056 (March 29, 2016)), as may be amended from time to time (the Co-Investment Exemptive Order), subject to certain conditions, and such Co-Investment Exemptive Order is applicable to the Fund as a Future Regulated Entity.
NOW, THEREFORE, BE IT RESOLVED, that the Board, including a majority of the Independent Directors, hereby approves the Funds participating as a Regulated Entity in the Co-Investment Program operated by the Adviser and its affiliates under the Co-Investment Exemptive Order;
FURTHER RESOLVED, that any disposition of an interest in a security that was acquired in a co-investment transaction pursuant to the Co-Investment Exemptive Order and any follow-on investment in an existing portfolio company whose securities were acquired in a co-investment transaction pursuant to the Co-Investment Exemptive Order, if such disposition or follow-on investment is proportionate to the Funds outstanding investments in the issuer immediately preceding the disposition or follow-on investment (together, such dispositions and additional investments, Pro Rata Dispositions and Follow-On Investments), is in the best interests of the Fund; and
FURTHER RESOLVED, that any Pro Rata Dispositions and Follow-On Investments, as further described in the Co-Investment Exemptive Application dated March 1, 2016, if made by the Fund in accordance with the conditions of the Co-Investment Exemptive Order, are approved, ratified and confirmed in all respects; and
WHEREAS, affiliates of the Adviser have filed an application for an amended and restated Co-Investment Exemptive Order, in substantially the form presented at this meeting, which is pending before the SEC.
NOW, THEREFORE, BE IT RESOLVED, that the appropriate officers of the Fund are, and each of them acting individually hereby is, authorized to add the Fund as an applicant for an amended and restated Co-Exemptive Order, and to execute and file on behalf of the Fund any amendment to such application for an amended and restated Co-Investment Exemptive Order that may be required or desirable from time to times, such amendment to be in form and substance satisfactory to counsel for the Fund, the execution and filing of any such amendment to be conclusive evidence of its authorization hereby;
Adopted January 3, 2023
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1 Year Crescent Capital BDC Chart |
1 Month Crescent Capital BDC Chart |
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