Kirkland Advises Crescent on Close of $3.2 Billion Private Credit Continuation Vehicle Led by Pantheon
Kirkland & Ellis advised Crescent Capital Group LP, one of the leading alternative credit investment firms, on the closing of Crescent Credit Solutions VII CV (CCS VII CV), a $3.2 billion private credit continuation vehicle led by Pantheon. CCS VII CV was established to acquire a diversified portfolio of performing sponsor-backed loans and securities from Crescent Mezzanine Partners VII, a 2016-vintage fund. The transaction represents the largest credit continuation vehicle transaction in the private credit secondaries market to date. The transaction announced January 20, 2026.
Read the transaction press release
The Kirkland team included investment funds lawyers Mark Boyagi, Társis Gonçalves, Susan Burkhardt, Nicholas Chan, Tana Wilner de Keller, Brook Sutton, Rita Muir, Francisco Cardona, Dave Chan, Mina Mihaljcic, Tierra Harper, Ella Cui, Hanna Jeon, Nick Salinaro, Georgi Ambarzumjan, Jordan Goldstein, Joi Walker and James Wilkes-Green; corporate lawyers Andrew Stern, Bridgette Dwyer and Reece Tack; debt finance lawyers Suril Patel, Leonard Kim and August Bonacci; investment funds regulatory lawyers Nabil Sabki, Jasmina Resic and Austin Eiland; and tax lawyers Lee Morlock, Leon Peschel, Brandon Short, Adam Strayer and Ali Godoy.
