Crescent Capital Group, an alternative credit investment firm, closed Atlas Senior Loan Fund XXIV (“Atlas 24”), a collateralized loan obligation (“CLO”) fund with a target par amount of $400 million. Atlas 24 will invest primarily in U.S. senior secured term loans as well as select senior secured corporate bonds. Atlas 24 marks the 27th CLO fund that Crescent has completed since the Great Financial Crisis in 2008.

“We are pleased to welcome several new investors, who joined our existing long-term investors in successfully closing Atlas 24,” said Kimberly Frazier, CLO Portfolio Manager at Crescent. “The closing of Atlas 24 further strengthens Crescent’s 30-year track record as a CLO manager and reinforces the growth within our CLO platform in recent years.”

Since 1992, Crescent’s Capital Markets Group has issued and managed CLOs through multiple market cycles. The platform is supported by an integrated team in New York and Los Angeles covering the leveraged loan, high yield, and CLO markets. As of September 30, 2024, Crescent had approximately $43 billion of assets under management.

“CLOs remain an attractive opportunity by offering compelling risk-adjusted returns across the risk spectrum,” said John Fekete, Crescent’s Head of Capital Markets.