Allied World, Crescent Capital Announce Key Investment Deal


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Allied World Assurance CompanyHoldings, AG announced today an investment agreement between Allied WorldFinancial Services, Inc., and Crescent Capital Group LP, a privately heldasset management firm that specializes in public and private below investmentgrade assets spanning the entire credit capital structure. Under the terms ofthe transaction, Allied World Financial Services acquired a minority ownershipinterest in the firm and Crescent will manage $500 million of Allied World'sinvestment portfolio to be deployed across a diversified set of creditstrategies, over the next several years.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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