Rarotonga is a very popular tourist destination with many resorts, hotels and motels. The chief town, Avarua, on the north coast, is the capital of the Cook Islands. The volcanic island of Rarotonga stands over 14,750 feet (4,500 meters) above the ocean floor. It is 32 km (20 miles) in circumference and has an area of 67.19 km (26 square miles). At a depth of 4,000 m (13,000 ft) the volcano is nearly 50 km (31 miles) in diameter. Te Manga, at 658 m (2,140 ft) above sea level, is the highest peak on the island. The island is surrounded by
Crescent Capital Group gave them the largest distressed portfolio in the country at the time. Based on their successful experience with the Drexel estate, the founders organized Crescent Capital as an asset manager in 1991 to provide capital to middle-market companies and to manage distressed portfolios. Attanasio sold Crescent to the Trust Company of the West (later renamed TCW Group), an investment firm based in Los Angeles, in 1995. After the sale of Crescent, Attanasio remained a senior partner and chief investment officer of the firm's leveraged finance and mezzanine capital group. In 2001, Société Générale (SocGen) acquired a controlling interest in the