Crescent Capital Group LP, an alternative credit investment firm, has closed its eighth private credit solutions fund, Crescent Credit Solutions VIII, raising $8 billion in investable capital, including targeted leverage and separately managed accounts investing alongside the fund.

This fund exceeded its initial target and marks the largest capital raise in Crescent’s history. CCS Fund VIII will continue its focus on directly originating unitranche, secured second lien and junior debt of middle- and upper-middle-market companies primarily in conjunction with private equity firms.