Crescent Capital Group LP, a prominent alternative credit investment firm, has announced that its European Specialty Lending strategy has provided financing to facilitate Mayfair Equity Partners’ acquisition of VG. VG is a leading independent provider specializing in private wealth, corporate, and fund administration services. Mayfair Equity Partners, a UK-based investment firm focused on consumer and technology sectors, secured a majority stake in VG, partnering with the company’s existing management team for this investment.
Founded in 1982 and based in Jersey, VG stands as one of the largest privately owned providers of private wealth advisory and fund services. The company employs over 100 professionals and offers a comprehensive suite of services, including legal entity management, corporate and administrative support, regulatory and tax compliance, and trustee services. VG serves a diverse, global client base of individuals, corporates, and fund managers, with assets under administration exceeding £14 billion.
Christine Vanden Beukel, Managing Director and head of Crescent’s European Specialty Lending strategy, commented, “We are pleased to support Mayfair’s acquisition of VG, a move that aligns with our commitment to providing flexible capital solutions to leading investors. We believe this partnership will enable VG to execute its growth strategy, expand geographically, introduce new products and services, and leverage advanced technology to better serve its global clientele.”
About Crescent Capital Group LP
Crescent is a global credit investment manager with $43 billion of assets under management as of September 30, 2024. For over 30 years, the firm has focused on below investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, as well as private senior, unitranche and junior debt securities. Crescent is headquartered in Los Angeles with offices in New York, Boston, Chicago and London with more than 225 employees globally. Crescent is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
About VG
VG is a provider of private wealth, corporate and fund administration solutions in Jersey. Employing 110 people, we have been servicing clients and institutions globally for more than forty years and are recognised for our award-winning expertise in Islamic Finance.
About Mayfair Equity Partners
Mayfair Equity Partners is a dedicated technology and consumer investor, with assets under management of over £2 billion. Mayfair’s investment philosophy centres on backing people and their ideas, working with founders and management teams to help them realise their ambitions. Mayfair’s model of Active Partnership includes a senior team of dedicated functional Specialists who support portfolio companies with business process improvement initiatives that help unlock their full potential.
Mayfair has an established track record of supporting fast-growing, sector-defining companies, including Ovo, a digital challenger which has scaled to become the third largest provider in the UK retail energy sector; LoopMe, a leading brand-focused mobile advertising platform; and Tangle Teezer, the category defining British haircare brand.