Importantly, we generated net realized gains for the full year 2022, delivering positive realized gains in excess of our losses. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. Win whats next. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. Something went wrong while submitting the form. Mr. Harari added, "Crescent has a multi-decade history of outstanding team continuity and investment focus in both public and private credit. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Read More Portfolio See our recent purchases and offers. Consistent with Crescents track record of investing through cycles over the past 30-plus years, we believe we have constructed a portfolio that consists of companies that are adequately capitalized to address the current macroeconomic environment and have taken a proactive approach to bolstering liquidity in select situations where it may be warranted. 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. Video: Cameron Johnson, CEO Nucleus Network. We are proud to have globally leading NPS scores with our executive partners. ", "It has been Crescents human capital that has been most valuable to us. 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. Through our deep inhouse expertise assisting emerging and growth companies across Australia and New Zealand since 2000, we have raised over $3bn across six funds and completed more than 45 foundation investments and assisted our portfolio companies with over 150 follow-on acquisitions. 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 . 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. This was by design as we believe it is prudent to prioritize deleveraging in advance of the First Eagle acquisition. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. ", "Our growth strategy was perfectly aligned with Crescents. Networking We provide expertise and exposure to a network of relevant business contacts. The company has a one-year high of $10.68 and a one . Jason Breaux: Thank you, Dan. 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 did intentionally delever a bit here in Q4 in anticipation of the merger. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. In particular, in the past 15 years Crescent has been the most active private equity manager in healthcare in Australia. 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. Crescent Capital Partners Investor Profile: Portfolio & Exits | PitchBook Please note that Crescent Capital BDC, Inc. may be referred to as CCAP, Crescent BDC or the company throughout the call. Jason Breaux: Yes. Thank you again, everyone for your interest and support of CCAP. In this report, "we," "us," "our" and "Company" refer to Crescent Capital BDC, Inc. and its consolidated subsidiaries. bdcir@crescentcap.com. 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. The companies continue to grow on the top line and the bottom line. Our success and reputation have been built on conservatism, ethics, passion, attention to detail, responsibility, and our belief that trust starts and ends with honesty and integrity. With a reputation for delivering strong performance through a structured and disciplined approach to investment management, our team works actively alongside senior management to drive organic growth and value creation in invested companies. 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. Website by GCI. ", "Crescents practical and analytical approach enabled management to hit their goals. Invest Money & Crypto With #Crescent | Crescent Bit Capital I look forward to working with our talented team of professionals to continue serving our current and prospective investors.". 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. Private Credit | Sun Life Capital Management We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. Investors in our funds include both domestic and international pension funds and endowments. Their primary investment focus is with Northern Ireland based companies operating in the information technology, life sciences, and manufacturing sectors. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. We have just sent you an email so you can verify your account. Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising . With that, I will now turn it over to Gerhard. We attributed the bulk of the quarters NAV decline to widening credit spreads. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. Another, on your deployments in the quarter, obviously will follow on. The company's 90% portfolio is performing above expectations, while 89% of its portfolio. . Great. We have a diverse portfolio across healthcare, industrial, financial services, technology, education and consumer brands. 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. Founded in 1995, Crescent Capital is a venture capital firm based in Belfast, United Kingdom. to generate high returns in the 20% to 30% range. This dynamic is evidenced by our internal portfolio ratings at the end of the fourth quarter, largely consistent with prior quarters with 87% of the portfolio rated 1 or 2, our highest rating categories. Crescent Capital - Investing in the future 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. Shares added by 1.69% iShares Russell 1000. The Firm believes that these high-yield assets will deliver strong cash-flow focused returns for investors. Crescent Capital Partners | Private Equity Firm in Sydney Australia In addition, a reconciliation of this measure may also be found in our earnings release. Crescent Capital is a Belfast based venture capital fund manager. This has proven to be a competitive advantage, particularly in the current lending environment. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their Leaderboard Venture Capital Portfolio Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties. Crescent Capital Consulting, LLC Buys iShares TIPS Bond ETF - Yahoo! Register now to read this article and more for free. 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 2000, Crescent Capital Partners is a private equity firm based in Sydney, Australia. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. With that, Id now like to turn it over to Jason. As of December 31, 2022, Crescent Capital Group managed over $40 billion of privately originated debt investments and marketable securities. Its also worth highlighting that in January, we upsized our SMBC Corporate Revolving Facility by $35 million to $385 million. For this period, the Company had $277.6 million in aggregate exits, sales and repayments. For more information about Crescent Capital Group, please visit www.crescentcap.com. Crescent wraps up eighth private credit fund at $8bn | PE Hub 1: AUM as of 12/31/2022 and includes committed assets and employee investments in Crescent managed portfolios. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with . 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. As of year-end, this GAAP expense accrual has been fully reversed. Crescent is the most active Private Equity investor in industrial companies in Australia, having invested in 11 industrial businesses over the last 4 funds. 10-K: CRESCENT CAPITAL BDC, INC. - MarketWatch This website is neither an offer to sell nor a solicitation of an offer to buy securities. Crescent Capital BDC, Inc. - About - Portfolio You talked about, obviously, youve lowered leverage ahead of that acquisition. 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. Operator: Ladies and gentlemen, this does conclude our conference call for today. Through our deep inhouse expertise assisting emerging and growth companies across Australia and New Zealand since 2000, we have raised over $3bn across six funds and completed more than 45 foundation investments and assisted our portfolio companies with over 150 follow-on acquisitions. 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. Product Marketing and Business Development Director. Our focus on unitranche opportunities allows us to offer even greater certainty of execution to our private equity sponsors and enables us to enhance our yield opportunity while remaining at the top of the capital stack. Since 1995 Crescent Capital has been supporting and building high-grade venture backed companies in Northern Ireland.

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