Crescent BDC Names CEO Eric Hall as President Following Barrios’s Departure

Crescent Private Credit Income Corp., a nontraded business development company externally managed by an affiliate of Crescent Capital Group, disclosed Friday that its board accepted the resignation of Raymond Barrios as president, effective Aug. 10. The board appointed Eric Hall, the fund’s chief executive officer, to also serve as president, effective Aug. 11.

The company said Barrios’s resignation was not the result of any disagreement with management or the board, or related to the company’s operations, policies, or practices.

Barrios, a managing director at Crescent Capital Group who joined the firm in 2008 from Jefferies, had served as the fund’s president since its founding and continues to serve as co-chair of the investment committee at Crescent Cap NT Advisors, the fund’s investment adviser.

Hall, who has served as CEO since 2023, will continue in that role while adding the president title. Hall also serves as co-CEO, a director, and chairman of the board of CCS IX Portfolio Holdings, a BDC managed by an affiliate of the fund’s investment adviser. He joined Crescent in 2007 from Lehman Brothers’ investment banking division.

The leadership change comes as the fund has expanded rapidly. Net assets grew to about $549 million as of May 31, up from $187.9 million a year earlier, AltsWire has reported, and the fund launched a new $3 billion continuous public offering in April, succeeding an earlier registration.

Net asset value per share stood at $26.26 as of June 30, down from $27.06 at the end of 2025. The fund reported zero valid redemption requests in its second-quarter tender offer, even as several larger nontraded BDCs have faced elevated redemption requests this year.

Earlier this summer, the company declared a special distribution of $0.045 per share alongside a regular distribution of $0.165 per share for June, bringing the combined payout to $0.21 per Class I share – with the special component representing more than 21% of the total. The distributions were payable on or about July 31 to shareholders of record as of June 30.

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