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The trust fund for the program, which supports roughly 68 million Americans, is on schedule to be depleted in the next six years. Benefits could be cut on average by 22 percent.
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Crescent Capital has raised $10.8bn of investable capital for its fourth flagship direct lending fund, marking its largest-ever vintage in the strategy.
The post Crescent Capital seals $10.8bn of new direct lending firepower in biggest vintage yet appeared first on AltAssets Private Equity News.
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