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Corporate

Jan. 15, 2013

Sullivan & Cromwell assists with Crescent Capital sale

Crescent Capital Group LP sold a minority ownership interest to Allied World Financial Services Inc., and will manage $500 million of Allied World's investment portfolio.


By Andrew McIntyre


Daily Journal Staff Writer


Los Angeles-based asset management firm Crescent Capital Group LP announced Thursday it sold a minority ownership interest to Allied World Financial Services Inc., an affiliate of Switzerland-based insurance giant Allied World Assurance Co. Holdings AG.


Per the terms of the agreement, Crescent Capital will also manage $500 million of Allied World's investment portfolio.


Sullivan &...

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