FINANCIAL_SERVICESONGOING

Board Maintains Private Debt Position in Crescent Fund

Ocala Firefighters’ Retirement Fund remains invested in Crescent Direct Lending Levered Fund II for alternative credit exposure, with a total commitment of $2.5 million.

Status
ONGOING
Document date
December 2, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Crescent Direct Lending Levered Fund Ii
Agency
Ocala Housing Authority · FL

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$689,301 (market value as of Sept 30, 2024); capital committed $2,500,000; fee 0.75% of invested equity; 7% hurdle rate; management fees $18,530 to date; expenses $30,361
Contract type
FINANCIAL_SERVICES
Contract term
Inception 03/12/2018 (open-ended)
Renewal
Open-ended private fund investment, exit subject to liquidity provisions of fund agreement.
Document type
Agenda
Source document
ocala_firefighters_retirement_fund_board_agenda_de.pdf

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Ocala Housing Authority?

Crescent Direct Lending Levered Fund Ii was awarded this financial services contract by Ocala Housing Authority, as recorded on December 2, 2024. The contract value is $689,301 (market value as of Sept 30, 2024); capital committed $2,500,000; fee 0.75% of invested equity; 7% hurdle rate; management fees $18,530 to date; expenses $30,361.

How much is the Crescent Direct Lending Levered Fund Ii contract with Ocala Housing Authority worth?

The Crescent Direct Lending Levered Fund Ii contract with Ocala Housing Authority is valued at $689,301 (market value as of Sept 30, 2024); capital committed $2,500,000; fee 0.75% of invested equity; 7% hurdle rate; management fees $18,530 to date; expenses $30,361, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in ocala_firefighters_retirement_fund_board_agenda_de.pdf (Agenda), dated December 2, 2024 from Ocala Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Crescent Direct Lending Levered Fund Ii hold?

Crescent Direct Lending Levered Fund Ii may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Crescent Direct Lending Levered Fund Ii's profile

What is Ocala Housing Authority currently buying?

Explore Ocala Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Ocala Housing Authority's profile

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