crescent capital portfolio crescent capital portfolio

If you experience any issues with this process, please contact us for further assistance. 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. Our team have been drawn from top tier strategy consulting practices and operating leadership roles in industry. Crescent Capital Partners is a leading Australian private equity firm. Crescent Capital Group LP, a leading alternative credit investment firm, announced today the successful final close of its third direct lending fund, . 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. 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. We continue to believe that CCAP remains well positioned to navigate the economic and market uncertainty ahead. 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. Its also worth highlighting that in January, we upsized our SMBC Corporate Revolving Facility by $35 million to $385 million. 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. Venture Capital Portfolio Wed like to thank all of you for your continued support and time today. The weighted average loan-to-value in the portfolio at time of underwriting was approximately 40%, which provides the same margin of safety from both an enterprise value perspective as well as capitalized risk beneath our tranche that is available to support our investments. Crescent Capital Partners General Information. Click here. 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. LOS ANGELES, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC" or "Company") (NASDAQ: CCAP) today reported net investment income of $59.7 million, or $1.93 per share, and adjusted net investment income of $53.4 million, or $1.73 per share, for the year ended December 31, 2022. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. Warren Buffett took 25% of all returns in excess of 6 percent. Offerings across the credit quality spectrum Use of this website is governed by the Terms and Conditions. Id also note that PIK income continues to represent a modest portion of our revenue at approximately 2% of total investment income. ", "Crescents practical and analytical approach enabled management to hit their goals. Their primary investment focus is with Northern Ireland based companies operating in the information technology, life sciences, and manufacturing sectors. de C.V. (NYSE:VIST) Q4 2022 Earnings Call Transcript, TriMas Corporation (NASDAQ:TRS) Q4 2022 Earnings Call Transcript, Tennant Company (NYSE:TNC) Q4 2022 Earnings Call Transcript. We believe that these asset classes provide our clients with opportunities to generate income while preserving capital. As of year-end, this GAAP expense accrual has been fully reversed. Thank you! Powered by Investor Host, Multi-Family & Commercial Property Investing, Understanding How Real Estate Syndications Work in Practice, The Tax Benefits of Investing in Multifamily Real Estate. 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%. It is for information purposes only and addresses accredited investors; such as wealth managers, family offices, and high-net-worth individuals. A link has been emailed to you - check your inbox. Access to our investment and operational team brings unparalleled support to our portfolio companies. Only logged in subscribers of this site will be able to access the shared article. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. 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. Crescent Capital is a Belfast based venture capital fund manager We immerse ourselves in your business Experience With our experience and knowledge we can unlock the full potential of your business. Please go ahead. Use the PitchBook Platform to explore the full profile. You can sign up for additional alert options at any time. He began his investing career at Focus Partners, LLP, a Singapore-based long/short equity hedge fund focused on Southeast Asia. That nonrecurring income has now been replaced by recurring yield related income from Crescents originated assets. In total, we closed on five add-on and several revolver and delayed draw fundings with no new portfolio company investments in the quarter. 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. Thank you, operator. To participate please dial (877 . 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. Acting as a first-mover, we put together innovative financing structures and investment vehicles creating value for our institutional investors. How Crescent invests Crescent began life in 1991, when managing partners Attanasio and Jean-Marc Chapus established Crescent Capital Corp. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. This increase was driven primarily by rising base rates and higher spreads. As a reminder, this call is being recorded for replay purposes. Dan McMahon: Good morning, and welcome to Crescent Capital BDC, Inc.s fourth quarter and year ended December 31, 2022 earnings conference call. The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. Focus on Seed and Series A. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds . Operator: Ladies and gentlemen, this does conclude our conference call for today. Mr. Harari brings more than 15 years of investment experience to Crescent Capital. After submitting your request, you will receive an activation email to the requested email address. Another, on your deployments in the quarter, obviously will follow on. ", "Crescent brings a laser light focus on the things that drive value to our business.". 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005594/en/, Mendel CommunicationsBill Mendel, +1-212-397-1030bill@mendelcommunications.com. A few more updates before I turn it over to Henry. bdcir@crescentcap.com. 2023 PitchBook. Do you expect to be running lower leverage than was the case to present historically? 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. We have a diverse portfolio across healthcare, industrials, financial services, technology, education and consumer brands. During this conference call, we may discuss certain non-GAAP measures as defined by SEC Regulation G, such as adjusted net investment income or NII per share. Jason Breaux: Thank you, Dan. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. Crescent has achieved strong success in Financial Services, with expertise in creating value through organic growth, acquisitions and geographical expansion into Asia. Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties. Crescent has won the M&A Acquisition Finance Deal of the Year 2016 Award in Turkey, which represents the longest tenor fully non-recourse senior debt financing in Turkish renewables together with the first sharia-compliant mezzanine facility in the sector. We see our role as working on the business, helping accelerate business decisions by providing capital, the consulting toolkit and done it before experience. Were any of the follow-on was any of the follow-on capital to the portfolio companies to pad out liquidity? Taseko Mines Limited (AMEX:TGB) Q4 2022 Earnings Call Transcript, Smith & Nephew plc (NYSE:SNN) Q4 2022 Earnings Call Transcript. Get the full list, Youre viewing 10 of 31 exits. Jason Breaux: Hey Robert, its Jason. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. Diversification will not guarantee profitability or protection against loss. Thanks for the question. That means much bigger government. But can you give us any color on how the portfolio companies are actually performing on EBITDA or revenue or anything like that? Crescents investment activities are managed by dedicated teams focused on each of these asset classes. As far as the deployment in Q4, it was all normal course getting drawn on unfunded and existing commitments that we had to our portfolio companies. For more information about Crescent. At Crescent Capital, we invest in debt securities at all levels of a companys capital structure. 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. Legal Notice. Im on Slide 19. | As a member of the Australian Investment Council, we are bound by a set of member standards including the Australian Investment Council Code of Conduct, as well as responsible investment and valuation guidelines. it's been delivered there. (310) 235-5900 Crescent Capital is a Belfast based venture capital fund manager. Please note that Crescent Capital BDC, Inc. may be referred to as CCAP, Crescent BDC or the company throughout the call. Total investment income again reached its highest level since inception and recurring yield related investment income continues to grow in both absolute dollars and as a percentage of our total revenue, which Gerhard will provide more color on. Privacy Policy S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. What's the most common final funding type when companies get acquired? 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. Earnings Call TranscriptNASDAQ:CCAPQ4 2022, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. Average Retirement Savings By Age: Are You Normal? Crescent Capital is an attractively priced BDC trading at a substantial 26% discount to its NAV/share. There are significant risks that should be considered and reviewed when considering an investment in real estate. Please go ahead. AirAsia plans to launch ride-hailing service in Spore, but do they stand a chance to compete? 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. KEY HIGHLIGHTS Generated significant excess cash flow of approximately $1.2 billion, driven by a strong netback asset base. For more information about Crescent. This has proven to be a competitive advantage, particularly in the current lending environment. The first question comes from Robert Dodd of Raymond James. We see several investors trying to strike it rich in options market by risking their entire savings. 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. Adjusted net investment income increased 17% to $0.49 per share from $0.42 per share for the quarter ended September 30, 2022.