Managed by Crescent Capital Group LP (Since 11/1/2017)
Crescent Capital Group LP invests in debt securities at all levels of a company’s capital structure. For over 25 years, they have been investing in senior bank loans, high yield bonds, mezzanine debt and distressed debt securities. They believe that certain asset classes may provide their clients with opportunities to generate income while preserving capital. Crescent’s investment activities are managed by dedicated teams focused on specific asset classes. In addition, their portfolio managers have responsibility for multi-asset class strategies that are constructed from each of the asset classes they manage. Crescent considers years of experience managing below investment grade bank loans and debt securities over multiple economic and market cycles to be a competitive advantage.
John A. Fekete
Mr. Fekete is a Managing Director of Crescent focusing on Capital Markets and a member of Crescent’s Management Committee. He is the lead portfolio manager of Crescent’s high yield bond strategy and a portfolio manager of the Bank Loan strategy. Prior to joining the team in 2001, Mr. Fekete was a high yield research analyst at Triton Partners in New York City where he was responsible for investments in the gaming, lodging, telecommunications and cable television industries. He began his career at Philadelphia-based CoreStates Bank, where he served as a credit analyst. Mr. Fekete received an MBA with distinction from Cornell University and a BS in finance from The College of New Jersey.
Conrad E. Chen
Mr. Chen is a Managing Director and portfolio manager of Crescent focusing on Capital Markets. Prior to joining the team in 2004, he was an Associate with Standard Capital Group, Inc., an investment banking firm specializing in middle market debt and equity financings. He began his career as a mergers and acquisitions analyst with Gleacher & Co. Mr. Chen received a BA in economics from Princeton University.
Ross M. Slusser
Mr. Slusser is a Managing Director and Head of Research for Crescent’s Capital Markets strategies. Prior to joining the team in 2000, Mr. Slusser was involved in corporate finance in the energy and utility industries at Union Bank of California. His primary focus was on the origination side, although he also spent time syndicating energy and utility credits to other financial institutions. Mr. Slusser graduated from Claremont McKenna College with a BS in economics and a BS in psychology.
Scott K. Fukumoto
Mr. Fukumoto is a Managing Director and trader for Crescent. He is responsible for trading both corporate bonds and credit derivatives. Mr. Fukumoto joined the team in 2002 as an analyst responsible for portfolio analytics and modeling of collateralized debt obligations. Prior thereto, Mr. Fukumoto worked for Wilshire Associates Incorporated as a Performance Analyst. He has been working in the investment industry since 2000.