Crescent Nontraded BDC CFO Resigns in Second Officer Departure Since August

Kirill Bouek has resigned as chief financial officer of Crescent Private Credit Income Corp., the nontraded business development company managed by an affiliate of Crescent Capital Group, the fund said Tuesday. His resignation took effect Oct. 7.

Bouek’s decision was not the result of any disagreement with management or the board, or related to the fund’s operations, policies, or practices, the fund said.

The board appointed Gerhard Lombard, 53, as interim CFO, effective the same day. Lombard is CFO of Crescent Capital Group, the parent of the fund’s adviser, and of Crescent Capital BDC, a BDC managed by an affiliate of the adviser. Before joining Crescent in 2016, he was CFO and treasurer of WhiteHorse Finance, a publicly traded BDC managed by H.I.G. Capital.

The change is the fund’s second senior officer departure in about two months. AltsWire reported in August that the board had accepted Raymond Barrios’ resignation as president, effective Aug. 10, and named chief executive officer Eric Hall to the role. The fund also said the departure was not the result of any disagreement.

Crescent Private Credit Income Corp. reported an aggregate net asset value of about $590.5 million as of Aug. 31, up from about $549 million as of May 31. Portfolio investments were valued at about $970.9 million, and the debt-to-equity ratio was about 0.68x. Class I NAV per share was $26.47. The fund is raising capital through a $3 billion continuous public offering.

Also on Tuesday, Crescent filed a third amendment to its pending application for SEC permission to co-invest across its funds. The amendment adds Remora Capital Corp., a Nashville-based private BDC that Crescent Capital Group sub-advises, as a regulated fund under the proposed order.

The application, first filed in August 2025, names four BDCs: Crescent Capital BDC, Crescent Private Credit Income Corp., CCS IX Portfolio Holdings, and Remora. It also covers more than 200 Crescent-affiliated private funds, collateralized loan obligations, and Sun Life Financial entities. Crescent Capital Group is an indirect, wholly owned subsidiary of Sun Life Financial Inc. If granted, the order would replace Crescent’s 2016 co-investment order.

Remora primarily buys loan assets through co-investment programs with loan originators or their affiliates, according to Crescent. It reported $267.6 million in total assets as of June 30.

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