crescent capital portfolio

Crescent Capital is unique in its ability and track record of building out businesses from a standing start, internally and in partnership with management teams. 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. The Crescent Capital IV Development Fund was launched amid much fanfare 18 months ago to build on the success of forerunner funds, from which some of Northern Ireland's most exciting. As you can see on the right-hand side of the slide, we have a low level of debt maturities over the next few years with $150 million maturity related to our 5.95% unsecured notes in July 2023. Crescent raised its first fund in 1992 and has consistently been a leader in the private debt market, focusing on senior secured unitranche securities and junior debt. As of December 31, 2022, Crescent Capital Group managed over $40 billion of privately originated debt investments and marketable securities. It is ideal for investors looking for capital security.Open to Asia , Europe , America ,and Africa on Investment / Financial Plan Portfolio Office Customer Support Hours: Monday - Sundays 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. The fund was more than double the size of . Legal Notice. As you can see on the left-hand side of the page, over 99% was an existing senior secured first lien and unitranche investments. 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 . And then one more, if I can. The good news is, this powerful new force can help you make a lot of money even in a bear market. At Crescent Capital, we invest in debt securities at all levels of a companys capital structure. . Jason Breaux: Thank you, Dan. 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. As of December 31, 2021, Crescent Capital Group managed approximately $38 billion of privately originated debt investments and marketable securities. Acting as a first-mover, we put together innovative financing structures and investment vehicles creating value for our institutional investors. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. Crescent has an active partnership ethos, which is a highly structured and disciplined approach to portfolio management and hands-on value creation. This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. You can get rich by returning 20% per year and compounding that for several years. 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. But can you give us any color on how the portfolio companies are actually performing on EBITDA or revenue or anything like that? 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. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. We still like this investment. $30MM Weighted Average Portfolio Company EBITDA, Disciplined portfolio construction with average position size <1% of total fair value. How Crescent invests Crescent began life in 1991, when managing partners Attanasio and Jean-Marc Chapus established Crescent Capital Corp. With more than 100 investment professionals and over 200 employees, the firm invests at all levels of the capital structure, with a significant focus on below investment grade credit through strategies that invest in senior bank loans, unitranche loans, high yield debt, mezzanine debt, and other private debt securities. 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. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. I will turn the call back to Jason Breaux for closing remarks. Importantly, we generated net realized gains for the full year 2022, delivering positive realized gains in excess of our losses. Only logged in subscribers of this site will be able to access the shared article. Crescent BDC and Alcentra Capital will be holding a joint conference call to discuss the transaction on Tuesday, August 13, 2019 at 1:15 p.m. PT / 4:15 p.m. We have a track record of expanding Australian businesses into Asia with over 50% of portfolio companies having an Asian presence. You can see that the weighted average yield of income producing securities at cost increased meaningfully quarter-over-quarter from 9.5% to 10.8% on the heels of the Federal Reserves interest rate hikes and is up 330 basis points year-over-year. All rights reserved. While we do anticipate further market volatility and the potential for spread widening as the cycle progresses, we feel good about our current portfolio, and we remain very excited about the First Eagle BDC transaction as we further enhance our scale and position. Robert Dodd: Got it. Use of this website is governed by the Terms and Conditions. Something went wrong while submitting the form. Investors in our funds include both domestic and international pension funds and endowments. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. | 87% in this quarter were raising one or two, so it appears pretty stable. This was by design as we believe it is prudent to prioritize deleveraging in advance of the First Eagle acquisition. "Jonathan brings a wealth of investor relations experience to Crescent, and we are excited for his leadership as we seek to grow our client relationships and respond to the increasing demand for our alternative credit offerings," said Jean-Marc Chapus, Managing Partner and Co-Founder of Crescent Capital Group. Our team have been drawn from top tier strategy consulting practices and operating leadership roles in industry. Jason Breaux: Hey Robert, its Jason. Finally, for the first quarter of 2023, our Board declared a $0.41 per share quarterly cash dividend, which will be paid on April 17, 2023, to stockholders of record as of March 31, 2023. Average Retirement Savings By Age: Are You Normal? 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. Dan McMahon: Good morning, and welcome to Crescent Capital BDC, Inc.s fourth quarter and year ended December 31, 2022 earnings conference call. More About us Our Portfolio at a Glance $ 1.3 B Portfolio Size (at Fair Value) 129 Portfolio Companies 90% First Lien Investments Thank you again, everyone for your interest and support of CCAP. To reiterate Henrys comments, we prioritize delevering during Q4 in advance of the close of the First Eagle acquisition. As of year-end, consistent with the prior quarter, we had investments in four portfolio companies on nonaccrual status, representing 2.0% and 1.2% of our total debt investments at cost and fair value, respectively. We did intentionally delever a bit here in Q4 in anticipation of the merger. 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. | A couple of reminders as it relates to the transaction. We believe that these asset classes provide our clients with opportunities to generate income while preserving capital. Operator: Ladies and gentlemen, this does conclude our conference call for today. Crescent is the most active Private Equity investor in industrial companies in Australia, having invested in 11 industrial businesses over the last 4 funds. 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. Which companies in this hub have the most subsidiaries? 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 . Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague? How are IPOs trending over time in this hub? ET. 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. Please check your spam or junk folder just in case Product Marketing and Business Development Director. For more information about Crescent. Get the full list, Youre viewing 10 of 31 exits. Please also note that past performance or market information is not a guarantee of future results. We are proud to have globally leading NPS scores with our executive partners. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. 2023 Crescent Capital Group LP. Crescent Capital Group LP, a leading alternative credit investment firm, announced today the successful final close of its third direct lending fund, . Thank you, operator. Jason Breaux: Okay. Thanks for the question. At December 31, our stockholders equity was $613 million, resulting in net asset value per share of $19.83 as compared to $623 million or $20.16 per share last quarter and $652 million or $21.12 per share at December 31, 2021. For the fourth quarter, over 99% of our total debt investments at fair value made full scheduled principal and interest payments. And with that, operator, please open the line for questions. I mean, whats the how are things actually trending right now? Operator: Thank you. Get the full list, Youre viewing 5 of 21 co-investor. For more information about Crescent. Additionally, the strength of our portfolio continues to benefit from the substantial amount of equity invested in our companies. Crescent is an alternative asset manager with approximately $40 billion1of assets under management and over 210employees as of December 31,2022. 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. LOS ANGELES, NEW YORK & BOSTON--(BUSINESS WIRE)--Crescent Capital Group LP, a leading alternative credit investment firm, announced today the successful final close of its second direct lending . At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with . The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. Turning back to this quarters earnings. Crescent has achieved strong success in Financial Services, with expertise in creating value through organic growth, acquisitions and geographical expansion into Asia. 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. Robert Dodd: Hi guys. Because were invested in a largely first lien and unitranche focused portfolio, having largely rotated out of legacy Alcentra names and our broadly-syndicated bank loan joint venture, we expect to generate a high quality of top line revenue, primarily consisting of recurring scheduled interest income. 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 is a Belfast based venture capital fund manager. 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. We have just sent you an email so you can verify your account. Crescent Capital's shares are likely to rebound, as fundamental factors don't support the downtrend. Thank you. LP investments in high-growth and distressed companies in the United States and abroad. The total size of the investment portfolio is around USD 400 million which includes hydro, wind, solar assets under operation. There are no further questions at this time. The first question comes from Robert Dodd of Raymond James. In particular, in the past 10 years Crescent has been the most active private equity manager in healthcare in Australia. After that, there are no remaining term maturities until 2026. (310) 235-5900 Win whats next. Crescent Capital BDC, Inc. (NASDAQ: CCAP) was in 6 hedge funds' portfolios at the end of the third quarter of 2020. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. This situates us well to benefit from increases in base rates above our average floors as is the case this quarter with continued growth in our interest income line item. 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. You must click the activation link in order to complete your subscription. As of December 31, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30. Taseko Mines Limited (AMEX:TGB) Q4 2022 Earnings Call Transcript, Smith & Nephew plc (NYSE:SNN) Q4 2022 Earnings Call Transcript. 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. Our team have over 30 years experience assisting healthcare businesses accelerate growth. Register now to read this article and more for free. Realized gains and losses, we believe, is a more important metric in grading our performance than unrealized gains and losses, which has meaningfully less impact on our longer-term results. Or was it a more normal course of business add-ons or growth or whatever? In addition, our portfolio managers have responsibility for multi-asset class strategies that are constructed from each of the asset classes we manage. 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. One, the Boards of Directors of Crescent BDC and First Eagle BDC have each unanimously approved the transaction. That would have been 9.35% in hedge fund fees. View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005594/en/, Mendel CommunicationsBill Mendel, +1-212-397-1030bill@mendelcommunications.com. That means much bigger government. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds . All data as of 12/31/2022. Video: Paul Wappett, CEO Australian Institute of Business. The foundation of our success is the working relationship we have with the business owners and leadership teams we partner with. The firm invests in companies operating in the information technology, life sciences, and manufacturing sectors. 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. Earnings Call TranscriptNASDAQ:CCAPQ4 2022, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. Do you expect to be running lower leverage than was the case to present historically? A couple more worth highlighting. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. 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. Read More Our Strategy Learn more about our investing strategy. We see several investors trying to strike it rich in options market by risking their entire savings. 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. We continue to believe that CCAP remains well positioned to navigate the economic and market uncertainty ahead. 2023 Crescent Capital Group LP. The firm seeks to invest in middle-market companies across Australia and New Zealand with a focus on the industrial, financial services, healthcare, consumer brands, technology, and education sectors. | At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. It is for information purposes only and addresses accredited investors; such as wealth managers, family offices, and high-net-worth individuals. Read More Portfolio See our recent purchases and offers. Please turn to Slide 15 where we highlight our recent activity. 2009 Crescent Capital, All Rights Reserved. As of December 31, 2022, Crescent Capital Group managed approximately $40 billion of privately originated debt investments and marketable securities. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. ", "Crescent add value across business development, acquisition and enhancement activities. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. Crescent Bit Capital is a type of secure investment that grows your money at a guaranteed rate based of chosen plan of interest for a fixed period of time. First, we are targeting the closing of our announced merger with First Eagle BDC this quarter. We target middle market companies located in Australia and New Zealand with enterprise values of $50m to $300m. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. I mean how would the how are the operating trends doing? The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. 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%. Investing in the future of finance, education, SaaS, logistics, and more. ", "Crescent brings a laser light focus on the things that drive value to our business.".

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