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Laurent Mignon, Chairman & CEO Wendel Group, Gilles Dusaintpère, Head of GP Stake Investments - Managing Director at AXA IM Prime, Theodore L. Koenig, Chairman and CEO of Monroe
The deal is part of a broader acquisition by European investment firm Wendel, which jointly acquired a 75% equity stake in the private credit markets specialist.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
The transaction adds nine private equity and credit secondaries strategies to EQT's offering, while its combined evergreen platform now exceeds €10 billion in NAV.
Thepartnershipreflects"strong conviction with regards to the broad development of the secondaries market," saidGillesDusaintpère, Head of GP Stake Investments at BNPP AM Alts.
Founded in 2002, CRC is aprivate credit managerthatinvests in bank capital strategies,mainly SRTtransactions, that deliver non-dilutive capital solutions to European banks.