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. We initially share this idea in October 2018 and the stock already returned more than 150%. We are a community of like-minded real estate investors who together have a stronger purchasing power to acquire and operate multi-family properties for their potential of hands-free, tax-free passive income. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. We take great pride in building long term partnerships with our investors based on an established reputation for delivering consistently strong performance. ET. As of December 31, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30. Website by GCI. We have just sent you an email so you can verify your account. 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. What's the most common final funding type when companies get acquired? bdcir@crescentcap.com. Henry? Crescent Capital is a leading investor across real estate, private equity and venture capital. Private Equity Round - Integrity Marketing Group, Gladstone Wealth Partners acquired by Integrity Marketing Group, American Health Plans acquired by Integrity Marketing Group, PHP Agency acquired by Integrity Marketing Group, Compass Group Insurance acquired by Integrity Marketing Group, Richman Insurance Agency acquired by Integrity Marketing Group, Investor, Startup, Company or School that the hub is based on, Total number of organizations associated with this hub, Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Total number of for-profit companies in this hub, Last Funding Round type of organizations in the hub (e.g. 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. You should only be asked to sign in once. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. For the fourth quarter, over 99% of our total debt investments at fair value made full scheduled principal and interest payments. We have a diverse portfolio across healthcare, industrials, financial services, technology, education and consumer brands. Something went wrong while submitting the form. We still like this investment. We have a large internal team which helps accelerate a portfolio company management teams decision making. | 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. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. But I would say overall, we are pleased with the underlying performance of the portfolio. In total, we closed on five add-on and several revolver and delayed draw fundings with no new portfolio company investments in the quarter. The presentation should be reviewed in conjunction with the companys Form 10-K filed yesterday with the SEC. Investing in the future of finance, education, SaaS, logistics, and more. Thank you. Our net asset value per share ended the year at $19.83, down 1.6% as compared to the prior quarter. 2023 Crescent Capital Group LP. 2023 PitchBook. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. 2023 Crescent Capital Group LP. ", "It has been Crescents human capital that has been most valuable to us. 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%. Founded in 1995, Crescent Capital is a venture capital firm based in Belfast, United Kingdom. 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. Our adjusted net investment income per share of $0.49 for the fourth quarter of 2022 compares to $0.42 per share for the prior quarter and $0.43 per share for the fourth quarter of 2021. For more information about Crescent. Crescent Capital is a leading investor across . ", "Crescent add value across business development, acquisition and enhancement activities. Investors in our funds include both domestic and international pension funds and endowments. Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague? Jason Breaux: Thanks, Gerhard. On a GAAP basis, fourth quarter net investment income per share was $0.52. Crescent Capital Investments, LLC is a privately held investment company that focuses on acquiring and managing opportunistic and value-add multi-family properties. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. 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. Warren Buffett took 25% of all returns in excess of 6 percent. It is for information purposes only and addresses accredited investors; such as wealth managers, family offices, and high-net-worth individuals. The total size of the investment portfolio is around USD 400 million which . Legal Notice. 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. This increase was driven primarily by rising base rates and higher spreads. I think you said something to the effect of the portfolio companies have adequate liquidity, and in some cases, its been addressed or something like that. 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. I mean how would the how are the operating trends doing? 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. And with that, Id like to turn it back to Jason for closing remarks. The first question comes from Robert Dodd of Raymond James. Two more credit trends to highlight. Get matched with a tax expert to do your taxes, https://www.businesswire.com/news/home/20230228005594/en/. This video is provided by the Australian Investment Council. Which investors participated in the most funding rounds within this hub? Access to our investment and operational team brings unparalleled support to our portfolio companies. For this period, the Company had $277.6 million in aggregate exits, sales and repayments. Description. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. It has a well-diversified portfolio and is unique in that it also has international exposure. Get the full list, Morningstar Institutional Equity Research. Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call Transcript, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Oops! Crescents investment activities are managed by dedicated teams focused on each of these asset classes. Discover more about our company and values. He also served as a member of the hedge fund solutions group at The Blackstone Group, L.P., where he focused on business development efforts across the Northeast and Southeast U.S. working with a diverse array of institutional clients. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. Video: Melinda McGrath, CEO Australian Clinical Labs. There are no further questions at this time. We appreciate your continued interest in CCAP. 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. Your submission has been received! Reduced net debt by approximately $850 Our team have been drawn from top tier strategy consulting practices and operating leadership roles in industry. We have raised six funds since 2000 and we are a top quartile manager on global metrics. Crescent Credit. We attributed the bulk of the quarters NAV decline to widening credit spreads. 30+ years experience in operating roles and M&A, 20+ years in healthcare sector including private equity investments, 20 years experience in strategy consulting, private equity and banking, 25+ years experience in financial management and accounting, 15 years experience in strategy consulting and private equity. (310) 235-5900 Crescent Capital Group LP ("Crescent"), a leading alternative credit investment firm, announced today the successful final close of its eighth private credit solutions fund, Crescent Credit Solutions VIII ("CCS Fund VIII"), raising $8 billion in investable capital, including targeted leverage and separately managed . Crescent Capital Partners is a leading Australian private equity firm. We have a diverse portfolio across healthcare, industrial, financial services, technology, education and consumer brands. 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. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. Good morning, everyone, and thank you for joining our earnings call. Crescent Capital Partners General Information. 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.

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