While the higher rate environment is certainly beneficial from an earnings perspective, we are also cognizant of the fact that it is generally correlated with a slower U.S. economy which together can create more stress in the portfolio. Please go ahead. A couple more worth highlighting. We provide support for founders and senior management teams to accelerate the achievement of their goals. Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. Video: Cameron Johnson, CEO Nucleus Network. Focus on Seed and Series A. Crescent Capital is a Belfast based venture capital fund manager. Crescent Capital - Investing in the future Not the case? The team brings together complementary backgrounds in structured finance, private equity, law, engineering, and project development, with more than 80 years of direct financing and investment expertise. Please note that Crescent Capital BDC, Inc. may be referred to as CCAP, Crescent BDC or the company throughout the call. The company assumes no obligation to update any such forward-looking statements. Since 1995 Crescent Capital has been supporting and building high-grade venture backed companies in Northern Ireland. Average Retirement Savings By Age: Are You Normal? What's the most common final funding type when companies get acquired? 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. 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. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. After that, there are no remaining term maturities until 2026. Access to our investment and operational team brings unparalleled support to our portfolio companies. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Operator: Thank you. Jason Breaux: Sure. Gerhard Lombard: Thanks, Henry, and good morning, everyone. Get matched with a tax expert to do your taxes, https://www.businesswire.com/news/home/20230228005594/en/. Crescent Capital BDC, Inc. (NASDAQ: CCAP) was in 6 hedge funds' portfolios at the end of the third quarter of 2020. 10-K: CRESCENT CAPITAL BDC, INC. - MarketWatch You talked about, obviously, youve lowered leverage ahead of that acquisition. Crescent Capital BDC, Inc. (NASDAQ: CCAP) is a business development company focused on originating and investingin the debt of private middle market companies principally located in the U.S. 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. How are IPOs trending over time in this hub? 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 . (310) 235-5900
Video: Matt Courtney, CEO Construction Sciences. I believe it will make millions of Americans vastly wealthier. Im going to ask you a question that sort of relates to credit . Crescent BDCs portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. 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. Can you give us any color around that? We generally believe that our private equity partners provide operational and financial support to strengthen their portfolio companies for long-term value creation, which is particularly valuable during periods of heightened volatility, like the one we are investing in today. ", "It has been Crescents human capital that has been most valuable to us. Do you expect to be running on a combined basis going forward? You can enter your email below to get our FREE report. The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. LOS ANGELES, February 28, 2023--Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Jonathan Harari has joined the company as Global Head of its Investor . I look forward to working with our talented team of professionals to continue serving our current and prospective investors.". With that, Id now like to turn it over to Jason. Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising There are significant risks that should be considered and reviewed when considering an investment in real estate. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. To participate please dial (877 . Wed be happy to take your questions, and please understand that we may be limited in some answers due to the ongoing First Eagle transaction. Website by GCI. We will not be outlining additional details of the transaction on this call today, and we direct any interest investors to the proxy statement that was filed in January. We still like this investment. This website must be read in conjunction with the applicable offering documents or Private Placement Memorandum in order to understand fully all of the implications and risks of investing in real estate and a copy of the offering documents must be available to you in connection with any offering. ", "Crescent partnered with us and assisted in achieving our growth targets. The difference relates to a noncash reversal of our capital gains-based incentive fees on net realized and unrealized capital appreciation. Net realized losses were less than $0.05 per share. The total size of the investment portfolio is around USD 400 million which . Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising Next, CBDC Senior Loan Fund, our joint venture was formally dissolved during the fourth quarter after being largely wound down in recent quarters. Which investors participated in the most funding rounds within this hub? Crescent has successfully helped unique Australian products become iconic brands that are loved by consumers around the world. Get our editors daily picks straight in your inbox! That nonrecurring income has now been replaced by recurring yield related income from Crescents originated assets. ET. Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 Crescent Capital Investments, LLC is a privately held investment company that focuses on acquiring and managing opportunistic and value-add multi-family properties. . 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. And with that, Id like to turn it back to Jason for closing remarks. Crescent Capital Group is a global alternative investment firm focused on below investment grade credit markets with primary strategies that include funds that invest in leveraged loans, high-yield bonds, mezzanine debt, special situations, and distressed securities. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Organization Name: Name of the Organization, Total Funding Amount: Total amount raised across all funding rounds, CB Rank (Organization): Algorithmic rank assigned to the top 100,000 most active Organizations, Trend Score (30 Days): Movement in Rank over the last 30 days using a score from -10 to 10, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Announced Date: Date that the Funding Round was publicly announced, Organization Name: Name of the organization that got funded, Transaction Name: Auto-generated name of transaction (e.g. Use of this website is governed by the Terms and Conditions. We attributed the bulk of the quarters NAV decline to widening credit spreads. The firm invests in companies operating in the information technology, life sciences, and manufacturing sectors. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. "Jonathan brings a wealth of investor relations experience to Crescent, and we are excited for his leadership as we seek to grow our client relationships and respond to the increasing demand for our alternative credit offerings," said Jean-Marc Chapus, Managing Partner and Co-Founder of Crescent Capital Group. Crescent is the most active Private Equity investor in industrial companies in Australia, having invested in 11 industrial businesses over the last 4 funds. Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague? Thanks for the question. The firm seeks to invest in middle-market companies across Australia and New Zealand with a focus on the industrial, financial services, healthcare, consumer brands, technology, and education sectors. Thank you again, everyone for your interest and support of CCAP. ", "Crescents practical and analytical approach enabled management to hit their goals. Good morning, everyone, and thank you for joining our earnings call. You must click the activation link in order to complete your subscription. What's the most common types of sub-organization? management team, and recent news are also included. Where Do Hedge Funds Stand On Crescent Capital BDC, Inc. (CCAP)? - Yahoo! Ill provide some fourth quarter and full year highlights, touch on our current portfolio and positioning and then turn it over to Henry to review our recent activity in more detail. Crescent Capital is a Belfast based venture capital fund manager. We remain very excited about the acquisition as we believe the combination provides many strategic and financial benefits to the combined company. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. Jason Breaux: Yes. Crescents investment activities are managed by dedicated teams focused on each of these asset classes. (310) 235-5900
There are no further questions at this time. Reduced net debt by approximately $850 Crescent Capital Partners | Private Equity Firm in Sydney Australia Privacy Policy Stock Market | FinancialContent Business Page Thank you, operator. Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. Were any of the follow-on was any of the follow-on capital to the portfolio companies to pad out liquidity? ", "Crescent add value across business development, acquisition and enhancement activities. A reconciliation of adjusted net investment income per share to net investment income per share, the most directly comparable GAAP financial measure can be found in the accompanying slide presentation for this call.