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Which companies in this hub have the most subsidiaries? This website must be read in conjunction with the applicable offering documents or Private Placement Memorandum in order to understand fully all of the implications and risks of investing in real estate and a copy of the offering documents must be available to you in connection with any offering. We believe this is an important distinction to highlight for shareholders in a volatile market environment. The company has a one-year high of $10.68 and a one . Thank you! Crescent Capital Group Closes Second Direct Lending Fund at Crescent BDC's portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. Networking We provide expertise and exposure to a network of relevant business contacts. From cross portfolio introductions and business development, provision of consulting style support on key projects, through to assisting portfolio companies through major strategic change, the Crescent investment team has a unique blend of high end consulting and operational skill sets to support the investee companies. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. As of December 31, 2022, Crescent Capital Group managed over $40 billion of privately originated debt investments and marketable securities. 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. If you experience any issues with this process, please contact us for further assistance. We remain very excited about the acquisition as we believe the combination provides many strategic and financial benefits to the combined company. This website is neither an offer to sell nor a solicitation of an offer to buy securities. Additionally, the strength of our portfolio continues to benefit from the substantial amount of equity invested in our companies. Wed be happy to take your questions, and please understand that we may be limited in some answers due to the ongoing First Eagle transaction. As you can see on the left-hand side of the page, over 99% was an existing senior secured first lien and unitranche investments. We specialize in repositioning well-located assets in emerging markets to protect investor capital and provide high yield returns. I would say broadly speaking, we continue to feel good about the health of the overall portfolio. We see our role as working on the business, helping accelerate business decisions by providing capital, the consulting toolkit and done it before experience. Our weighted average portfolio grade of 2.1 was unchanged as compared to the past few quarters, and the percentage of risk rated one and two investments, the highest ratings our portfolio companies can receive accounted for 87% of the portfolio at fair value, down modestly from last quarter. | Crescent is an alternative asset manager with approximately $40 billion 1 of assets under management and over 210 employees as of December 31, 2022. Were any of the follow-on was any of the follow-on capital to the portfolio companies to pad out liquidity? All data as of 12/31/2022. We initially share this idea in October 2018 and the stock already returned more than 150%. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. There are no further questions at this time. ", "Crescent add value across business development, acquisition and enhancement activities. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. We attributed the bulk of the quarters NAV decline to widening credit spreads. Crescent Capital is a Belfast based venture capital fund manager. bdcir@crescentcap.com. Jason Breaux: Sure. 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. The company believes that adjusted NII per share provides useful information to investors regarding financial performance because its one method the company uses to measure its financial condition and results of operations. 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. In addition to equity capital, partnering with Crescent brings access to deep industry expertise and significant strategy and operational support. Crescent wraps up eighth private credit fund at $8bn | PE Hub For this period, the Company had $277.6 million in aggregate exits, sales and repayments. 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. Video: Paul Wappett, CEO Australian Institute of Business. As of December 31, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30. We thank you for your participation and ask that you please disconnect your lines. Continued strong performance ratings and low nonaccrual levels. An offering is made only by the applicable offering documents and only in those jurisdictions where permitted by law. 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. The firm invests in companies operating in the information technology, life sciences, and manufacturing sectors. Venture Capital Portfolio Thank you, operator. In particular, in the past 15 years Crescent has been the most active private equity manager in healthcare in Australia. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. Description. And it means its going to be harder than ever to hold onto any money you make. We ended the year with nearly $1.3 billion of investments at fair value across 129 portfolio companies with an average investment size of less than 1% of the total portfolio. it's been delivered there. Invest NI pulls plug on new VC equity fund amid claims of earlier round AirAsia plans to launch ride-hailing service in Spore, but do they stand a chance to compete? I mean, whats the how are things actually trending right now? We have a track record of expanding Australian businesses into Asia with over 50% of portfolio companies having an Asian presence. Taseko Mines Limited (AMEX:TGB) Q4 2022 Earnings Call Transcript, Smith & Nephew plc (NYSE:SNN) Q4 2022 Earnings Call Transcript. That means much bigger government. 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. Use of this website is governed by the Terms and Conditions. Website by GCI. The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. Earnings Call TranscriptNASDAQ:CCAPQ4 2022, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. 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. 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. Henry? Crescent Capital - Crunchbase Investor Profile & Investments Click here. Our team have over 30 years experience assisting healthcare businesses accelerate growth. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. From a liquidity perspective, as of year-end, we had $225 million of undrawn capacity, subject to leverage, borrowing base and other restrictions and $17 million in cash and cash equivalents. We have consistently been able to deliver significant value-add alongside our management teams. 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. Our credit culture focused on preservation of capital has led to a highly diversified portfolio invested largely in the resilient industries. Crescent Credit. 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 Investor Profile: Portfolio & Exits | PitchBook This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. 10-K: CRESCENT CAPITAL BDC, INC. - MarketWatch Website by GCI. Or is that just a timing? Venture Capital Portfolio. We generally believe that our private equity partners provide operational and financial support to strengthen their portfolio companies for long-term value creation, which is particularly valuable during periods of heightened volatility, like the one we are investing in today. . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Get matched with a tax expert to do your taxes, https://www.businesswire.com/news/home/20230228005594/en/. Crescent BDCs portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. 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 . For example S&P 500 Index returned 43.4% in 1958. Operator: Ladies and gentlemen, this does conclude our conference call for today. Turning back to this quarters earnings. Crescent has successfully helped unique Australian products become iconic brands that are loved by consumers around the world. . bdcir@crescentcap.com. We are proud to have globally leading NPS scores with our executive partners.