And with that, operator, please open the line for questions. Crescent Capital is a Belfast based venture capital fund manager. This video is provided by the Australian Investment Council. 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. 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. Gerhard Lombard: Thanks, Henry, and good morning, everyone. ", "I strongly recommend working in partnership with Crescent Capital. 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. We thank you for your participation and ask that you please disconnect your lines. We have a diverse portfolio across healthcare, industrials, financial services, technology, education and consumer brands. Crescent Capital Investments, LLC is a privately held investment company that focuses on acquiring and managing opportunistic and value-add multi-family properties. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. Gross deployment in the fourth quarter was $46 million. Robert Dodd: Got it. I will turn the call back to Jason Breaux for closing remarks. to generate high returns in the 20% to 30% range. 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. Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. Networking We provide expertise and exposure to a network of relevant business contacts. Website by GCI. Acting as a first-mover, we put together innovative financing structures and investment vehicles creating value for our institutional investors. Offerings across the credit quality spectrum secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Read More Our Strategy Learn more about our investing strategy. ", "It has been Crescents human capital that has been most valuable to us. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. Do you expect to be running lower leverage than was the case to present historically? We have a large internal team which helps accelerate a portfolio company management teams decision making. Get the full list, Youre viewing 5 of 21 co-investor. Founded in 1995, Crescent Capital is a venture capital firm based in Belfast, United Kingdom. Please also note that past performance or market information is not a guarantee of future results. We have a track record of expanding Australian businesses into Asia with over 50% of portfolio companies having an Asian presence. here to register, Not for publication, email or dissemination, Whitehorse Liquidity Partners grows team to 150 professionals, PE-backed Chartbeat acquires Lineup Systems and Tubular Labs, Industrial manufacturing round-up; Personal care products; 2023 Women in PE, EQT and PSP team up on Radius acquisition; Charlesbanks Caitlin Riederer talks women in PE, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Fengate Private Equity-backed Inflector snaps up Donalco, Audax-backed Colony acquires New South Construction Supply. There are significant risks that should be considered and reviewed when considering an investment in real estate. Our credit culture focused on preservation of capital has led to a highly diversified portfolio invested largely in the resilient industries. You must click the activation link in order to complete your subscription. I believe it will make millions of Americans vastly wealthier. How Crescent invests Crescent began life in 1991, when managing partners Attanasio and Jean-Marc Chapus established Crescent Capital Corp. We provide support for founders and senior management teams to accelerate the achievement of their goals. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. 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 . Get the full list, Morningstar Institutional Equity Research. He began his investing career at Focus Partners, LLP, a Singapore-based long/short equity hedge fund focused on Southeast Asia. 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. 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. 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. Thanks for the question. Thank you. Thank you! Don't have an account? This has proven to be a competitive advantage, particularly in the current lending environment. You must click the activation link in order to complete your subscription. 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. That nonrecurring income has now been replaced by recurring yield related income from Crescents originated assets. Sorry, no results has been found matching your query. Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague? Oops! Get the full list, Youre viewing 10 of 31 exits. We believe that these asset classes provide our clients with opportunities to generate income while preserving capital. A couple of reminders as it relates to the transaction. The weighted average stated interest rate on our total borrowings was 6.23% as of year-end. And with that, Id like to turn it back to Jason for closing remarks. Operator: Thank you. Crescent Capital Partners General Information. . In this report, "we," "us," "our" and "Company" refer to Crescent Capital BDC, Inc. and its consolidated subsidiaries. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Importantly, we generated net realized gains for the full year 2022, delivering positive realized gains in excess of our losses. It is for information purposes only and addresses accredited investors; such as wealth managers, family offices, and high-net-worth individuals. As of December 31, 2022, Crescent Capital Group managed approximately $40 billion of privately originated debt investments and marketable securities. 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. For this period, the Company had $277.6 million in aggregate exits, sales and repayments. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. 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. What's the most common types of sub-organization? SLC Fixed Income portfolios qualify as sustainable As of December 31, 2022 Key differentiators Experienced teams with deep private credit expertise Our investment teams have specialized in private debt for more than 40 years, offering the necessary skills to navigate a nuanced asset class. You can enter your email below to get our FREE report. All information contained in this website is qualified by the terms of applicable offering documents. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Video: Matt Courtney, CEO Construction Sciences. Diversification will not guarantee profitability or protection against loss. Crescent is an alternative asset manager with approximately $40 billion1of assets under management and over 210employees as of December 31,2022. 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. As of December 31, 2022, Crescent Capital Group managed over $40 billion of privately originated debt investments and marketable securities. The firm invests in companies operating in the information technology, life sciences, and manufacturing sectors. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds . 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. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. There are no further questions at this time. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Net realized losses were less than $0.05 per share. Good morning, everyone, and thank you for joining our earnings call. Average Retirement Savings By Age: Are You Normal? The first question comes from Robert Dodd of Raymond James. We have a diverse portfolio across healthcare, industrial, financial services, technology, education and consumer brands. If you experience any issues with this process, please contact us for further assistance. 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.
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