Company: FCRX
Filing Date: 2025-08-19
Form Type: 40-APP
Source: 0001341004-25-000071
Chunk: 14

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-08-19
Form: 40-APP
Chunk 14
---
 a limited liability company organized under the Delaware Limited Liability Company Act on June 21, 2021, is a wholly-owned subsidiary of Crescent Group and is a registered investment adviser under the Advisers Act. Crescent SBIC Management, a Delaware limited liability company formed on March 5, 2013, is a subsidiary of Crescent Group and is a registered investment adviser under the Advisers Act. SBIC Management serves as an investment adviser to an SBIC. As Sun Life controls Crescent Group, it may be deemed to control the Regulated Funds and the Affiliated Funds. However, Sun Life is not a registered investment adviser and has not been included as an applicant. Crescent Group will not be source of any Potential Co-Investment Transactions under the requested Order. Crescent Credit Europe, a limited liability partnership organized in England and Wales on October 6, 2011, is a subsidiary affiliate of Crescent Group and is authorized and regulated by the U.K. Financial Conduct Authority. Crescent Credit Europe serves as an investment adviser with respect to certain Affiliated Funds with a focus on European credit investments.

| C. | Existing Affiliated Funds and Existing Proprietary Accounts |

Each Existing Affiliated Fund is an investment fund whose investment adviser is or will be an Adviser and which would be an investment company but for Section 3(c)(7) or 3(c)(5)(C) of the Act. A list setting out the Existing Affiliated Funds is included on Schedule A hereto. The Existing Proprietary Accounts may, from time to time, hold various financial assets in a principal capacity. Sun Life and its affiliates have various business lines that they may operate through wholly- or majority-owned subsidiaries, and the subsidiaries that exist and currently intend to participate in the proposed Co-Investment Program have been included as Applicants herein. A list of the Existing Proprietary Accounts is included in Appendix A. The Existing Proprietary Accounts are not themselves Advisers, except for purposes of Conditions 6(a)(i), 7(a)(i), 8(a)(i) and 9(a)(i), and are not managed by Advisers. The Existing Affiliated Funds pursue strategies focused on originating and investing primarily in secured debt (including senior secured, unitranche and second lien debt) and unsecured debt (including senior unsecured and subordinated debt), as well as related equity securities of private U.S. middle-market companies. Through the Advisers, the Existing Affiliated Funds target attractive risk-adjusted yields across the entire capital structure of middle-market