2023 PitchBook. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. This serves to drive growth and performance improvement, accelerating value creation for shareholders. Our portfolio at fair value was comprised of the following: You talked about, obviously, youve lowered leverage ahead of that acquisition. Crescents investment success across education, services and mining technology has helped innovative Australian businesses compete on a global stage. Crescent Capital Investments, LLC is a privately held investment company that focuses on acquiring and managing opportunistic and value-add multi-family properties. Crescent Capital's shares are likely to rebound, as fundamental factors don't support the downtrend. Please turn to Slide 15 where we highlight our recent activity. Do you expect to be running lower leverage than was the case to present historically? I mean, whats the how are things actually trending right now? Yesterday, after the market closed, the company issued its earnings press release for the fourth quarter and year ended December 31, 2022, and posted a presentation to the IR Section of its website at www.crescentbdc.com. Moving to the right-hand side of the page, youll see that our unitranche first lien investments have continued to become a more prominent percentage of our total portfolio, accounting for 66% of total portfolio fair value at year-end compared to 59% the year prior. 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. Offerings across the credit quality spectrum 2009 Crescent Capital, All Rights Reserved. Crescent BDC's portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. Crescent Capital is a Belfast based venture capital fund manager. Something went wrong while submitting the form. If you experience any issues with this process, please contact us for further assistance. It has a well-diversified portfolio and is unique in that it also has international exposure. Video: Paul Wappett, CEO Australian Institute of Business. I would say broadly speaking, we continue to feel good about the health of the overall portfolio. Crescent Point Energy (CPG) Receives a Buy from BMO Capital Jason Breaux: Hey Robert, its Jason. We believe an active engagement model is a leading indicator of strong company performance. The total size of the investment portfolio is around USD 400 million which . The total size of the investment portfolio is around USD 400 million which includes hydro, wind, solar assets under operation. Great. Healthcare is Crescent's largest sector by investment. Our team have over 30 years experience assisting healthcare businesses accelerate growth. In addition, our portfolio managers have responsibility for multi-asset class strategies that are constructed from each of the asset classes we manage. Or was it a more normal course of business add-ons or growth or whatever? View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005594/en/, Mendel CommunicationsBill Mendel, +1-212-397-1030bill@mendelcommunications.com. 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. All information contained in this website is qualified by the terms of applicable offering documents. 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. Get our editors daily picks straight in your inbox! 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 . What's the investment trend over time for this hub? Crescents track record is successfully managing through multiple economic and market cycles, provides us with significant and relevant experience navigating what could be a challenging environment in 2023 and beyond. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their. We thank you for your participation and ask that you please disconnect your lines. Continued strong performance ratings and low nonaccrual levels. That nonrecurring income has now been replaced by recurring yield related income from Crescents originated assets. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. Discover more about our company and values. Gerhard will then review our financial performance during the fourth quarter. 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. Networking We provide expertise and exposure to a network of relevant business contacts. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. | Passive Investing: Which Real Estate Strategy is Right for You. Private Credit | Sun Life Capital Management Another, on your deployments in the quarter, obviously will follow on. Crescent Capital is a Belfast based venture capital fund manager. Our credit culture focused on preservation of capital has led to a highly diversified portfolio invested largely in the resilient industries. Net realized losses were less than $0.05 per share. Additionally, the strength of our portfolio continues to benefit from the substantial amount of equity invested in our companies. The obvious, I mean, how you gave the interest coverage based on year-end rates. Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. 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. This was by design as we believe it is prudent to prioritize deleveraging in advance of the First Eagle acquisition. Can you give us any color around that? Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 But I would say overall, we are pleased with the underlying performance of the portfolio. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Oops! At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. Not the case? We provide support for founders and senior management teams to accelerate the achievement of their goals. . In particular, in the past 10 years Crescent has been the most active private equity manager in healthcare in Australia. Don't have an account? As you can see on the left-hand side of the page, over 99% was an existing senior secured first lien and unitranche investments. 25+ years experience in strategy consulting, investment and business management and public company boards. As of December 31, 2021, Crescent Capital Group managed approximately $38 billion of privately originated debt investments and marketable securities. 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 . Since 1995 Crescent Capital has been supporting and building high-grade venture backed companies in Northern Ireland. The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. Crescent wraps up eighth private credit fund at $8bn, Investor Relations, Marketing & Communications Forum. All data as of 12/31/2022. 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. Use of this website is governed by the Terms and Conditions. The good news is, this powerful new force can help you make a lot of money even in a bear market. Importantly, we generated net realized gains for the full year 2022, delivering positive realized gains in excess of our losses. . Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. The first question comes from Robert Dodd of Raymond James. Crescent Capital is an attractively priced BDC trading at a substantial 26% discount to its NAV/share. This increase was driven primarily by rising base rates and higher spreads. That means much bigger government. Crescent Capital is a leading investor across . Video: Cameron Johnson, CEO Nucleus Network. In this report, "we," "us," "our" and "Company" refer to Crescent Capital BDC, Inc. and its consolidated subsidiaries. A few more updates before I turn it over to Henry. Founded in 2000, Crescent Capital Partners is a private equity firm based in Sydney, Australia. What's the most common final funding type when companies get acquired? Get the full list, Youre viewing 5 of 21 co-investor. Crescent Capital Partners is a leading Australian private equity firm. After that, there are no remaining term maturities until 2026. Use of this website is governed by the Terms and Conditions. You must click the activation link in order to complete your subscription. 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. Capital raised by global funds reached almost $150 billion as of 30 September, up 19 percent year over year, Private Debt Investor reported.
System Sensor 2wb Compatibility, Who Killed Fbg Brick, Articles C