crescent capital portfolio

While we do anticipate further market volatility and the potential for spread widening as the cycle progresses, we feel good about our current portfolio, and we remain very excited about the First Eagle BDC transaction as we further enhance our scale and position. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds . This situates us well to benefit from increases in base rates above our average floors as is the case this quarter with continued growth in our interest income line item. . List of top Crescent Capital Portfolio Companies - CrunchBase "Crescent were willing to invest initially and on a continued basis to maintain our technologically leadership position. Crescent raised its first fund in 1992 and has consistently been a leader in the private debt market, focusing on senior secured unitranche securities and junior debt. For over 30 years, the firm has focused on below investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, and private senior, unitranche, and junior debt securities. Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with . Their primary investment focus is with Northern Ireland based companies operating in the information technology, life sciences, and manufacturing sectors. As of December 31, 99% of our debt investments at fair value were floating rate with a weighted average floor of 80 basis points, which compares to our 72% floating rate liability structure based on debt drawn with no floors. It is ideal for investors looking for capital security.Open to Asia , Europe , America ,and Africa on Investment / Financial Plan Portfolio Office Customer Support Hours: Monday - Sundays Jason Breaux: Thank you, Dan. CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the year ended December 31, 2022. Crescent Capital focuses on acquiring multi-family real estate in high-growth secondary and tertiary markets throughout the Sun Belt. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. bdcir@crescentcap.com. Crescent Capital - Crunchbase Investor Profile & Investments And with that, Id like to turn it back to Jason for closing remarks. Importantly, what we consider recurring yield related investment income comprised of interest income, fixed income, amortization and unused fees was up 21% quarter-over-quarter driven by rising base rates. We continue to believe that CCAP remains well positioned to navigate the economic and market uncertainty ahead. In our view, our long-term track record of strong credit performance and NAV stability since inception demonstrates the merits of our proven investment process as we work to deliver attractive results to our shareholders. We seek to maximize the total return of our stockholders in the form of current income and capital appreciation by providing capital solutions to companies with sound business fundamentals and strong growth prospects. 25+ years experience in strategy consulting, investment and business management and public company boards. For more information about Crescent. With deep in house expertise, we provide the support to accelerate growth creation in our portfolio companies. Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call Transcript February 23, 2023. Its also worth highlighting that in January, we upsized our SMBC Corporate Revolving Facility by $35 million to $385 million. Shares added by 1.69% iShares Russell 1000. You should only be asked to sign in once. Private Credit | Sun Life Capital Management Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. Crescent wraps up eighth private credit fund at $8bn | PE Hub Please turn to Slide 6, where youll see a summary of our results. Average Retirement Savings By Age: Are You Normal? The total size of the investment portfolio is around USD 400 million which . I will turn the call back to Jason Breaux for closing remarks. (310) 235-5900 Crescent Capital Partners is a leading Australian private equity firm. We did intentionally delever a bit here in Q4 in anticipation of the merger. We have just sent you an email so you can verify your account. In particular, in the past 10 years Crescent has been the most active private equity manager in healthcare in Australia. SLC Fixed Income portfolios qualify as sustainable As of December 31, 2022 Key differentiators Experienced teams with deep private credit expertise Our investment teams have specialized in private debt for more than 40 years, offering the necessary skills to navigate a nuanced asset class. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. More About us Our Portfolio at a Glance $ 1.3 B Portfolio Size (at Fair Value) 129 Portfolio Companies 90% First Lien Investments Gerhard will then review our financial performance during the fourth quarter. Crescent Credit. This has proven to be a competitive advantage, particularly in the current lending environment. I look forward to working with our talented team of professionals to continue serving our current and prospective investors.". He began his investing career at Focus Partners, LLP, a Singapore-based long/short equity hedge fund focused on Southeast Asia. LOS ANGELES, NEW YORK & BOSTON--(BUSINESS WIRE)--Crescent Capital Group LP, a leading alternative credit investment firm, announced today the successful final close of its second direct lending . Can you give us any color around that? The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. ", "Crescents practical and analytical approach enabled management to hit their goals. Crescent Capital Group Announces Hiring of Jonathan Harari as Global Robert Dodd: Got it. The Crescent Capital IV Development Fund was launched amid much fanfare 18 months ago to build on the success of forerunner funds, from which some of Northern Ireland's most exciting. I believe it will make millions of Americans vastly wealthier. Mr. Harari added, "Crescent has a multi-decade history of outstanding team continuity and investment focus in both public and private credit. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. And two, the exchange ratio for the stock component of the merger consideration and the amount of cash from Crescent BDC will be determined by the respective net asset values of Crescent BDC and First Eagle BDC and customary merger adjustments two days prior to closing. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. We see our role as working on the business, helping accelerate business decisions by providing capital, the consulting toolkit and done it before experience. First, we are targeting the closing of our announced merger with First Eagle BDC this quarter. Realized gains and losses, we believe, is a more important metric in grading our performance than unrealized gains and losses, which has meaningfully less impact on our longer-term results. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. A few more updates before I turn it over to Henry. ", "It has been Crescents human capital that has been most valuable to us. Legal Notice. The company's 90% portfolio is performing above expectations, while 89% of its portfolio. And so on a pro forma combined basis, I think were going to end up sort of right in the middle of our target leverage range that we publicly stated as kind of 1.1 to 1.4. Home - Crescent Capital Investments Earn Accelerated Returns Through Multi-Family Real Estate About Us Discover more about our company and values. This was by design as we believe it is prudent to prioritize deleveraging in advance of the First Eagle acquisition. Product Marketing and Business Development Director. Operator: Ladies and gentlemen, this does conclude our conference call for today. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. There are significant risks that should be considered and reviewed when considering an investment in real estate. To participate please dial (877 . Get the full list, Youre viewing 5 of 21 co-investor. In total, we closed on five add-on and several revolver and delayed draw fundings with no new portfolio company investments in the quarter. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. If you experience any issues with this process, please contact us for further assistance. Operator: Thank you. Crescent is an alternative asset manager with approximately $40 billion1of assets under management and over 210employees as of December 31,2022. Our GAAP earnings per share or net increase in net assets resulting from operations for the fourth quarter of 2022 was $0.08, which compares to negative $0.08 per share for the prior quarter. Crescent Capital is a Belfast based venture capital fund manager. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. At December 31, our stockholders equity was $613 million, resulting in net asset value per share of $19.83 as compared to $623 million or $20.16 per share last quarter and $652 million or $21.12 per share at December 31, 2021. To reiterate Henrys comments, we prioritize delevering during Q4 in advance of the close of the First Eagle acquisition. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. After that, there are no remaining term maturities until 2026. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. ", "Crescent add value across business development, acquisition and enhancement activities. (310) 235-5900 Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their Leaderboard Im going to ask you a question that sort of relates to credit . Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. UAE-Based Edtech Startup Ostaz Is On A Mission To Become A One-Stop-Shop For Education, AirAsias Tony Fernandes Refocuses Back on a Superapp Just for Travel, Malaysia Healthcare Partners with AirAsia, Air India Express, AirAsia begin merger drill, MiL.k launched its first global point exchange service with airasia, Datactics Jamie Gordon on Big Financial Institutions and their Messy Datasets. We have seen revenue growth outpace EBITDA or cash flow growth, which we would attribute largely to inflationary pressures and higher wages, labor market tightness and the like. Thank you! As a member of the Australian Investment Council, we are bound by a set of member standards including the Australian Investment Council Code of Conduct, as well as responsible investment and valuation guidelines. LP investments in high-growth and distressed companies in the United States and abroad. Read More This serves to drive growth and performance improvement, accelerating value creation for shareholders. Where Do Hedge Funds Stand On Crescent Capital BDC, Inc. (CCAP)? - Yahoo! In addition, our portfolio managers have responsibility for multi-asset class strategies that are constructed from each of the asset classes we manage. Reduced net debt by approximately $850 Do you expect to be running on a combined basis going forward?

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