CRC invests in transactions that transfer the credit risk of banks' core clients to funds CRC manages. These transactions enable banks to improve their Core Tier 1 capital ratios while reducing the capital costs of making new loans. Most of CRC's investments are tied to small and medium-sized enterprise loans, prime residential mortgages and counterparty exposure in Germany, Austria, Italy, Belgium, the Netherlands, France and emerging markets.

Based in New York and London, the firm was co-founded by Richard Robb and Johan Christofferson in 2002. As of August 2011, CRC managed approximately $1.5 billion in net assets.