Debevoise & Plimpton LLP has advised Crescent Capital Group LP, a leading alternative credit investment firm, in connection with the formation of its latest mezzanine fund, Crescent Mezzanine Partners VII. The fund successfully closed with more than $4.6 billion of capital commitments, representing the largest mezzanine offering in Crescent Mezzanine’s history.

Crescent Mezzanine has been a leading source of mezzanine capital for 25 years, providing private equity sponsors and management teams with long-term financing to complete leveraged buyouts, acquisitions, recapitalizations and later-stage growth financings.

The Debevoise team was led by partner Jonathan Adler and included partners Paul D. Brusiloff and Peter A. Furci and associates Joseph M. Binder, Victoria G. J. Brown, Nicholas Goldberg, Nnenne C. Okorafor, Ryan T. Rafferty, Anjali Salooja and Carrie M. VanFleet.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.