crescent capital portfolio

crescent capital portfolio

Crescent Credit. Now lets shift to capitalization and liquidity. LOS ANGELES, February 28, 2023--(BUSINESS WIRE)--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 Solutions Group. Id now like to turn it over to Henry to discuss our Q4 investment activity. Click ", "Crescent brings a laser light focus on the things that drive value to our business.". As you can see on the left-hand side of the page, over 99% was an existing senior secured first lien and unitranche investments. Thank you, operator. Video: Matt Courtney, CEO Construction Sciences. What's the most common final funding type when companies get acquired? Operator: Thank you. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. Invest Money & Crypto With #Crescent | Crescent Bit Capital ", "Our growth strategy was perfectly aligned with Crescents. Another, on your deployments in the quarter, obviously will follow on. here to register, Not for publication, email or dissemination, Whitehorse Liquidity Partners grows team to 150 professionals, PE-backed Chartbeat acquires Lineup Systems and Tubular Labs, Industrial manufacturing round-up; Personal care products; 2023 Women in PE, EQT and PSP team up on Radius acquisition; Charlesbanks Caitlin Riederer talks women in PE, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Fengate Private Equity-backed Inflector snaps up Donalco, Audax-backed Colony acquires New South Construction Supply. Crescent Capital Group The $46 million in gross deployment compares to approximately $71 million in aggregate exits, sales and repayments in the quarter, inclusively a final $8 million liquidating return of capital from our joint venture, which, as Jason noted, is now fully dissolved. Net realizations of $26 million in the fourth quarter, coupled with unrealized mark-to-market losses on our investments ultimately led to our total investment portfolio, holding roughly steady at approximate fair value of $1.3 billion as of December 31, 2022, down approximately $30 million quarter-over-quarter. We look forward to speaking with you again soon. In the same report you can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12-24 months. The obvious, I mean, how you gave the interest coverage based on year-end rates. That being said, the broader Crescent private credit platform remained active with over $800 million of capital committed to new portfolio investments during the fourth quarter and over $5.5 . The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crescent Point Energy with a $10.13 average price target. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. Total investment income of $34.6 million for the fourth quarter, the highest quarterly figure weve reported since inception compares to $29 million for the prior quarter, representing an increase of approximately 19%. This increase was driven primarily by rising base rates and higher spreads. Jason Breaux: Thanks, Gerhard. List of top Crescent Capital Portfolio Companies - CrunchBase Importantly, we generated net realized gains for the full year 2022, delivering positive realized gains in excess of our losses. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. We have a large internal team which helps accelerate a portfolio company management teams decision making. Mr. Harari added, "Crescent has a multi-decade history of outstanding team continuity and investment focus in both public and private credit. You should only be asked to sign in once. Invest NI pulls plug on new VC equity fund amid claims of earlier round That being said, the broader Crescent private credit platform remained active with over $800 million of capital committed to new portfolio investments during the fourth quarter and over $5.5 billion for the full year. But I would say overall, we are pleased with the underlying performance of the portfolio. And on March 7, First Eagle is conducting a special meeting of its stockholders whereby they will be asked to adopt the agreement and plan a merger. It is for information purposes only and addresses accredited investors; such as wealth managers, family offices, and high-net-worth individuals. Crescent Capital Consulting, LLC Buys iShares TIPS Bond ETF - Yahoo! Please go ahead. Crescent is the most active Private Equity investor in industrial companies in Australia, having invested in 11 industrial businesses over the last 4 funds. Net realized losses were less than $0.05 per share. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. ", "Crescents practical and analytical approach enabled management to hit their goals. Get the full list, Youre viewing 4 of 6 team members. Healthcare is Crescent's largest sector by investment. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. . 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. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. ", "I strongly recommend working in partnership with Crescent Capital. With deep in house expertise, we provide the support to accelerate growth creation in our portfolio companies. Crescent Capital is a Belfast based venture capital fund manager. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call Transcript February 23, 2023. Two more credit trends to highlight. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. You can sign up for additional alert options at any time. He most recently served as Executive Vice President at PIMCO based in New York City, where he led business development across large corporate pensions, family offices, endowments, foundations and healthcare institutions. We have raised six funds since 2000 and we are a top quartile manager on global metrics. What's the investment trend over time for this hub? Average Retirement Savings By Age: Are You Normal? Crescent Capital BDC, Inc. Reports December 31, 2022 Financial Results Back then they werent called hedge funds, they were called partnerships. Crescent Capital is a leading investor across real estate, private equity and venture capital. Crescent Capital is a leading investor across . Stock Market | FinancialContent Business Page Jason Breaux: Sure. We are an equity partner that brings more than money to the relationship. Their primary investment focus is with Northern Ireland based companies operating in the information technology, life sciences, and manufacturing sectors. Don't have an account? Oops! management team, and recent news are also included. These are the top 5 holdings of Crescent Capital Consulting, LLC iShares Core S&P 500 ETF ( IVV) - 140,585 shares, 11.05% of the total portfolio. The foundation of our success is the working relationship we have with the business owners and leadership teams we partner with. Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. 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. Our investment portfolio continues to consist primarily of senior secured first lien and unitranche first lien loans, collectively representing 90% of the portfolio at fair value, up from 89% in the prior quarter. . Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call And we remain well diversified across 18 industries and continue to lend almost exclusively to private equity-backed companies with 98% of our debt portfolio in sponsor-backed companies as of year-end. All information contained in this website is qualified by the terms of applicable offering documents. View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005594/en/, Mendel CommunicationsBill Mendel, +1-212-397-1030bill@mendelcommunications.com. This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. Read More Our Strategy Learn more about our investing strategy. 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. So, how did Warren Buffett manage to generate high returns and beat the market? Im on Slide 19. With more than 100 investment professionals and over 200 employees, the firm invests at all levels of the capital structure, with a significant focus on below investment grade credit through strategies that invest in senior bank loans, unitranche loans, high yield debt, mezzanine debt, and other private debt securities. Investing in the future of finance, education, SaaS, logistics, and more. I mean, whats the how are things actually trending right now? Crescent Capital Investor Profile: Portfolio & Exits | PitchBook Using market interest rates at year-end, weighted average interest coverage for the total portfolio was 1.9x. Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. Earnings Call TranscriptNASDAQ:CCAPQ4 2022, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. Discover more about our company and values. The good news is, this powerful new force can help you make a lot of money even in a bear market. The companies continue to grow on the top line and the bottom line. Description. Next, CBDC Senior Loan Fund, our joint venture was formally dissolved during the fourth quarter after being largely wound down in recent quarters. Henry? Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. Which companies in this hub have the most subsidiaries? To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. As of December 31, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30. Acting as a first-mover, we put together innovative financing structures and investment vehicles creating value for our institutional investors. And then one more, if I can. Website by GCI. This serves to drive growth and performance improvement, accelerating value creation for shareholders. We thank you for your participation and ask that you please disconnect your lines. Please also note that past performance or market information is not a guarantee of future results. Finally, for the first quarter of 2023, our Board declared a $0.41 per share quarterly cash dividend, which will be paid on April 17, 2023, to stockholders of record as of March 31, 2023. Stock Market | Pittsburgh Post-Gazette Crescent Capital Partners Investor Profile: Portfolio & Exits | PitchBook 1: AUM as of 12/31/2022 and includes committed assets and employee investments in Crescent managed portfolios. Operator: Ladies and gentlemen, this does conclude our conference call for today. After submitting your request, you will receive an activation email to the requested email address. Weve generated significant investment income in the form of fees, dividends and accelerated amortization of OID from the Alcentra portfolio over close to the last two years having realized 136% of our cost basis with approximately $22 million of unrealized value remaining. Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 LP investments in high-growth and distressed companies in the United States and abroad. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with . 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. Diversification will not guarantee profitability or protection against loss. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. 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. Gerhard will then review our financial performance during the fourth quarter. If youre looking for capital and an active partner to accelerate the growth of your business or thinking about exiting by bringing in new investors, please feel free to contact me by phone or email to find out more. At Crescent Capital, we invest in debt securities at all levels of a companys capital structure. In this report, "we," "us," "our" and "Company" refer to Crescent Capital BDC, Inc. and its consolidated subsidiaries.

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