crescent capital portfolio

You can sign up for additional alert options at any time. 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. 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. 2023 Crescent Capital Group LP. Crescent wraps up eighth private credit fund at $8bn | PE Hub We believe this is an important distinction to highlight for shareholders in a volatile market environment. For more information about Crescent. As of year-end, this GAAP expense accrual has been fully reversed. 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 . Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. He launched his hedge fund in 1956 with $105,100 in seed capital. I will turn the call back to Jason Breaux for closing remarks. Additionally, the strength of our portfolio continues to benefit from the substantial amount of equity invested in our companies. 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. ", "It has been Crescents human capital that has been most valuable to us. 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. Terms & Conditions Investors in our funds include both domestic and international pension funds and endowments. Video: Cameron Johnson, CEO Nucleus Network. Our credit culture focused on preservation of capital has led to a highly diversified portfolio invested largely in the resilient industries. For the fourth quarter, over 99% of our total debt investments at fair value made full scheduled principal and interest payments. Please check your spam or junk folder just in case Crescent Capital is a leading investor across . Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. 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. Based in New York, Mr. Harari is responsible for developing and executing Crescents strategic sales and marketing plan for clients and assets, including identifying potential new investors, developing and maintaining client relationships, designing new investment solutions and managing Crescents investor relations and client solutions team. Use the PitchBook Platform to explore the full profile. Jason Breaux: Okay. ", "Crescents practical and analytical approach enabled management to hit their goals. Please turn to Slides 13 and 14 of the presentation, which highlights certain characteristics of our diversified portfolio. Continued strong performance ratings and low nonaccrual levels. 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. 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. Turning to Slide 16. 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. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. KEY HIGHLIGHTS Generated significant excess cash flow of approximately $1.2 billion, driven by a strong netback asset base. Home - Crescent Capital Investments Earn Accelerated Returns Through Multi-Family Real Estate About Us Discover more about our company and values. Crescent Capital Consulting, LLC Buys iShares TIPS Bond ETF - Yahoo! 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. 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). A couple more worth highlighting. Crescent wraps up eighth private credit fund at $8bn, Investor Relations, Marketing & Communications Forum. Crescent Capital Investments, LLC is a privately held investment company that focuses on acquiring and managing opportunistic and value-add multi-family properties. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. 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. 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. Crescent Capital BDC, Inc. to Acquire Alcentra Capital Corporation But can you give us any color on how the portfolio companies are actually performing on EBITDA or revenue or anything like that? March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. Get our editors daily picks straight in your inbox! 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. Or was it a more normal course of business add-ons or growth or whatever? 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. Jason Breaux: Hey Robert, its Jason. We see our role as working on the business, helping accelerate business decisions by providing capital, the consulting toolkit and done it before experience. And then one more, if I can. Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague? In this report, "we," "us," "our" and "Company" refer to Crescent Capital BDC, Inc. and its consolidated subsidiaries. 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. Crescent is an alternative asset manager with approximately $40 billion1of assets under management and over 210employees as of December 31,2022. The company has a one-year high of $10.68 and a one . Where Do Hedge Funds Stand On Crescent Capital BDC, Inc. (CCAP)? - Yahoo! Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 Back then they werent called hedge funds, they were called partnerships. Website by GCI. Crescent Capital Group - Wikipedia We have just sent you an email so you can verify your account. 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. . We believe that we benefit from years of experience managing below investment grade bank loans and debt securities over multiple economic and market cycles. Net realized losses were less than $0.05 per share. Venture Capital Portfolio We are an equity partner that brings more than money to the relationship. 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. This serves to drive growth and performance improvement, accelerating value creation for shareholders. Robert Dodd: Hi guys. Read More Portfolio See our recent purchases and offers. 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. Adjusted net investment income increased 17% to $0.49 per share from $0.42 per share for the quarter ended September 30, 2022. Please also note that past performance or market information is not a guarantee of future results. Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. Im on Slide 19. Description. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. LOS ANGELES, February 28, 2023--(BUSINESS WIRE)--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 Solutions Group. 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 few more updates before I turn it over to Henry. Register now to read this article and more for free. 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. It has a well-diversified portfolio and is unique in that it also has international exposure. Our net asset value per share ended the year at $19.83, down 1.6% as compared to the prior quarter. Sun Life-backed Crescent targets $6bn for two private debt funds We see several investors trying to strike it rich in options market by risking their entire savings. Wed like to thank all of you for your continued support and time today. We have a track record of expanding Australian businesses into Asia with over 50% of portfolio companies having an Asian presence. Diversification will not guarantee profitability or protection against loss. Use of this website is governed by the Terms and Conditions. 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. (310) 235-5900 We look forward to speaking with you again soon. We attributed the bulk of the quarters NAV decline to widening credit spreads. 11%-Yielding Crescent Capital: Undervalued BDC With Upside Potential Please go ahead. Now lets shift to capitalization and liquidity. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. 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. Operator: Thank you. Crescent Capital Group Closes Second Direct Lending Fund at 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. 2023 PitchBook. . The all time high for this statistics is 5. 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. Networking We provide expertise and exposure to a network of relevant business contacts. Can you give us any color around that? Discover more about our company and values. 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. Access to our investment and operational team brings unparalleled support to our portfolio companies. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. Passive Investing: Which Real Estate Strategy is Right for You. Since 1995 Crescent Capital has been supporting and building high-grade venture backed companies in Northern Ireland. Along the way, I believe Biden could become one of the most powerful Presidents in history. ET. 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. 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. 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. Get the full list, Youre viewing 5 of 21 co-investor. Gerhard will then review our financial performance during the fourth quarter. Capital raised by global funds reached almost $150 billion as of 30 September, up 19 percent year over year, Private Debt Investor reported. The obvious, I mean, how you gave the interest coverage based on year-end rates. 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. 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. 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. So, how did Warren Buffett manage to generate high returns and beat the market? Robert Dodd: Got it. As a reminder, this call is being recorded for replay purposes. I would now like to turn the conference over to Dan McMahon. 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. 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. 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 . | To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Another, on your deployments in the quarter, obviously will follow on. 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. 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. 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. In particular, in the past 10 years Crescent has been the most active private equity manager in healthcare in Australia. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. 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. This video is provided by the Australian Investment Council. Home - Crescent Capital Crescent Capital - Crunchbase Investor Profile & Investments Crescent Point Energy (CPG) Receives a Buy from BMO Capital CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. 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. Crescent Capital is a Belfast based venture capital fund manager. The weighted average stated interest rate on our total borrowings was 6.23% as of year-end. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. Crescent Capital Offers A Buying Opportunity For Dividend Investors Read More Our Strategy Learn more about our investing strategy. 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. Crescent Capital BDC, Inc. Reports December 31, 2022 Financial Results Thanks for the question. 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 brings a laser light focus on the things that drive value to our business.". Taseko Mines Limited (AMEX:TGB) Q4 2022 Earnings Call Transcript, Smith & Nephew plc (NYSE:SNN) Q4 2022 Earnings Call Transcript. 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. He began his investing career at Focus Partners, LLP, a Singapore-based long/short equity hedge fund focused on Southeast Asia. Crescent has an active partnership ethos, which is a highly structured and disciplined approach to portfolio management and hands-on value creation. Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. 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. Jason Breaux: Sure. Average Retirement Savings By Age: Are You Normal? That nonrecurring income has now been replaced by recurring yield related income from Crescents originated assets. In addition, our portfolio managers have responsibility for multi-asset class strategies that are constructed from each of the asset classes we manage. 1: AUM as of 12/31/2022 and includes committed assets and employee investments in Crescent managed portfolios. Get the full list, Youre viewing 10 of 31 exits. Legal Notice. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. Founded in 2000, Crescent Capital Partners is a private equity firm based in Sydney, Australia. The company assumes no obligation to update any such forward-looking statements. InterContinental Hotels Group PLC (NYSE:IHG) Q4 2022 Earnings Call Transcript Vista Energy, S.A.B. We initially share this idea in October 2018 and the stock already returned more than 150%. 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 . Crescent BDC's portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. Crescent Point announces 2022 results & reserves | BOE Report We take great pride in building long term partnerships with our investors based on an established reputation for delivering consistently strong performance. $30MM Weighted Average Portfolio Company EBITDA, Disciplined portfolio construction with average position size <1% of total fair value. Read More 87% in this quarter were raising one or two, so it appears pretty stable. Stock Market | Pittsburgh Post-Gazette Gerhard Lombard: Thanks, Henry, and good morning, everyone. 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. 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 companys actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings. After submitting your request, you will receive an activation email to the requested email address. 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. Please go ahead. We have a large internal team which helps accelerate a portfolio company management teams decision making. Home - Crescent Capital Investments The total size of the investment portfolio is around USD 400 million which includes hydro, wind, solar assets under operation. Crescent Capital Group 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. 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, a leading alternative credit investment firm, announced today the successful final close of its third direct lending fund, . Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call Transcript February 23, 2023. We redeployed the majority of the proceeds from this monetization activity primarily into directly originated higher spread Crescent private credit opportunities. [email protected]. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds, financial institutions, and multi-employer plans. Crescent Capital is a Belfast based venture capital fund manager. Thank you! At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. Its also worth highlighting that in January, we upsized our SMBC Corporate Revolving Facility by $35 million to $385 million. That would have been 9.35% in hedge fund fees. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. A link has been emailed to you - check your inbox. 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. Oops! Please note that Crescent Capital BDC, Inc. may be referred to as CCAP, Crescent BDC or the company throughout the call. 2023 Crescent Capital Investments With that, Id now like to turn it over to Jason. Founded in 1995, Crescent Capital is a venture capital firm based in Belfast, United Kingdom. Real Estate Portfolio Direct and LP investments across various asset types across the United States, including commercial, retail, multi-family, residential, hotel, development, self-storage and RV Parks. Crescent Capital Crescent Capital is an attractively priced BDC trading at a substantial 26% discount to its NAV/share. Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 For more information about Crescent Capital Group, please visit www.crescentcap.com. Warren Buffett took 25% of all returns in excess of 6 percent. 25+ years experience in strategy consulting, investment and business management and public company boards. You can get rich by returning 20% per year and compounding that for several years. We are proud to have globally leading NPS scores with our executive partners. ", "Our growth strategy was perfectly aligned with Crescents.

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