crescent capital portfolio

Crescents investment activities are managed by dedicated teams focused on each of these asset classes. The weighted average stated interest rate on our total borrowings was 6.23% as of year-end. I believe it will make millions of Americans vastly wealthier. Please note that Crescent Capital BDC, Inc. may be referred to as CCAP, Crescent BDC or the company throughout the call. Operator: Thank you. ", "It has been Crescents human capital that has been most valuable to us. Thank you again, everyone for your interest and support of CCAP. Gross deployment in the fourth quarter was $46 million. ", "Crescent partnered with us and assisted in achieving our growth targets. Thank you. In particular, in the past 15 years Crescent has been the most active private equity manager in healthcare in Australia. Do you expect to be running lower leverage than was the case to present historically? Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties. For this period, the Company had $277.6 million in aggregate exits, sales and repayments. 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. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with . Don't have an account? We are an equity partner that brings more than money to the relationship. More About us Our Portfolio at a Glance $ 1.3 B Portfolio Size (at Fair Value) 129 Portfolio Companies 90% First Lien Investments 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. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as fees. Read More Our Strategy Learn more about our investing strategy. Crescent Capital is a Belfast based venture capital fund manager. 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 That nonrecurring income has now been replaced by recurring yield related income from Crescents originated assets. Founded in 1995, Crescent Capital is a venture capital firm based in Belfast, United Kingdom. ", "I strongly recommend working in partnership with Crescent Capital. Click 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 appreciate your continued interest in CCAP. The presentation should be reviewed in conjunction with the companys Form 10-K filed yesterday with the SEC. 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. 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. To participate please dial (877 . As a reminder, this call is being recorded for replay purposes. 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. That would have been 9.35% in hedge fund fees. Using market interest rates at year-end, weighted average interest coverage for the total portfolio was 1.9x. 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. We remain very excited about the acquisition as we believe the combination provides many strategic and financial benefits to the combined company. As of December 31, 2022, Crescent Capital Group managed approximately $40 billion of privately originated debt investments and marketable securities. 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. We see our role as working on the business, helping accelerate business decisions by providing capital, the consulting toolkit and done it before experience. I mean, whats the how are things actually trending right now? 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. 2023 Crescent Capital Group LP. Crescent has an active partnership ethos, which is a highly structured and disciplined approach to portfolio management and hands-on value creation. Website by GCI. Warren Buffett has been investing and compounding for at least 65 years. Turning to Slide 16. 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. Founded in 2000, Crescent Capital Partners is a private equity firm based in Sydney, Australia. Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call Transcript February 23, 2023. We are a community of like-minded real estate investors who together have a stronger purchasing power to acquire and operate multi-family properties for their potential of hands-free, tax-free passive income. And then one more, if I can. 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. 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. 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. 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. Gerhard will then review our financial performance during the fourth quarter. You can sign up for additional alert options at any time. 87% in this quarter were raising one or two, so it appears pretty stable. 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. 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. Home - Crescent Capital Investments Earn Accelerated Returns Through Multi-Family Real Estate About Us Discover more about our company and values. Jason Breaux: Thank you, Dan. The company assumes no obligation to update any such forward-looking statements. 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. Healthcare is Crescent's largest sector by investment. An offering is made only by the applicable offering documents and only in those jurisdictions where permitted by law. How much aggregate funding have these organizations raised over time? Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds . What's the most common final funding type when companies get acquired? Our team have over 30 years experience assisting healthcare businesses accelerate growth. I will turn the call back to Jason Breaux for closing remarks. Or is that just a timing? Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. Private Equity Portfolio. 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 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. $30MM Weighted Average Portfolio Company EBITDA, Disciplined portfolio construction with average position size <1% of total fair value. I would say broadly speaking, we continue to feel good about the health of the overall portfolio. One, the Boards of Directors of Crescent BDC and First Eagle BDC have each unanimously approved the transaction. 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 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. "Crescent were willing to invest initially and on a continued basis to maintain our technologically leadership position. If youre looking for capital and an active partner to accelerate the growth of your business or thinking about exiting by bringing in new investors, please feel free to contact me by phone or email to find out more. We believe that we benefit from years of experience managing below investment grade bank loans and debt securities over multiple economic and market cycles. 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. 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 Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their. 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. Which investors participated in the most funding rounds within this hub? We specialize in repositioning well-located assets in emerging markets to protect investor capital and provide high yield returns. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. And a big driver of that is that the if you look back at the historical left grid balance sheet, theyve historically had a bit higher leverage than us. Good morning, everyone, and thank you for joining our earnings call. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Back then they werent called hedge funds, they were called partnerships. This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. Crescent Capital is a leading investor across real estate, private equity and venture capital. Taseko Mines Limited (AMEX:TGB) Q4 2022 Earnings Call Transcript, Smith & Nephew plc (NYSE:SNN) Q4 2022 Earnings Call Transcript. It is for information purposes only and addresses accredited investors; such as wealth managers, family offices, and high-net-worth individuals.

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