Cresset Partners, the private investment arm of Cresset Capital, a $50bn wealth management and multi-family office platform, has seen its flagship private credit fund, Cresset Partners Private Credit Fund, surpass $500m in AUM, since its launch last April.  The fund's portfolio comprises senior secured, sponsor-backed loans to US middle market borrowers, as well as other private credit opportunities.  In a statement, Bradley Schneider, Managing Director and Head of Private Credit at Cresset, said that CPCF had “delivered annualised distributions of 12.5% for the most recent two quarters”.  CPCF has also partnered with financial services group ORIX USA's subsidiary, NXT Capital, a Chicago-based middle market direct lending platform operating through its direct lending group and targeting US-based borrowers with EBITDA between $5m and $50m. The partnership aims to provide individuals and family offices on Cresset’s platform with access to direct private lower middle market investment opportunities.