crescent capital portfolio

Crescent Capital Partners General Information. here to register, Not for publication, email or dissemination, Whitehorse Liquidity Partners grows team to 150 professionals, PE-backed Chartbeat acquires Lineup Systems and Tubular Labs,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. LP investments in high-growth and distressed companies in the United States and abroad. Crescent Capital - Crunchbase Investor Profile & Investments We attributed the bulk of the quarters NAV decline to widening credit spreads. 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. 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. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crescent Point Energy with a $10.13 average price target. Capital raised by global funds reached almost $150 billion as of 30 September, up 19 percent year over year, Private Debt Investor reported. The companies continue to grow on the top line and the bottom line. 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. We take great pride in building long term partnerships with our investors based on an established reputation for delivering consistently strong performance. Terms & Conditions Our credit culture focused on preservation of capital has led to a highly diversified portfolio invested largely in the resilient industries. 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. Id now like to turn it over to Henry to discuss our Q4 investment activity. I would say broadly speaking, we continue to feel good about the health of the overall portfolio. Access to our investment and operational team brings unparalleled support to our portfolio companies. 1: AUM as of 12/31/2022 and includes committed assets and employee investments in Crescent managed portfolios. Crescent is an alternative asset manager with approximately $40 billion1of assets under management and over 210employees as of December 31,2022. 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. Crescent is the most active Private Equity investor in industrial companies in Australia, having invested in 11 industrial businesses over the last 4 funds. 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. ", "Crescent add value across business development, acquisition and enhancement activities. For example S&P 500 Index returned 43.4% in 1958. Robert Dodd: Got it. Crescent Capital is a Belfast based venture capital fund manager. While the higher rate environment is certainly beneficial from an earnings perspective, we are also cognizant of the fact that it is generally correlated with a slower U.S. economy which together can create more stress in the portfolio. This call is being recorded on Thursday, February 23, 2023. The total size of the investment portfolio is around USD 400 million which includes hydro, wind, solar assets under operation. 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. We initially share this idea in October 2018 and the stock already returned more than 150%. . How are IPOs trending over time in this hub? The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. management team, and recent news are also included. Crescent Capital Partners | Private Equity Firm in Sydney Australia AirAsia plans to launch ride-hailing service in Spore, but do they stand a chance to compete? 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%. Jason Breaux: Hey Robert, its Jason. That would have been 9.35% in hedge fund fees. He began his investing career at Focus Partners, LLP, a Singapore-based long/short equity hedge fund focused on Southeast Asia. The firm invests in companies operating in the information technology, life sciences, and manufacturing sectors. The obvious, I mean, how you gave the interest coverage based on year-end rates. We seek to maximize the total return of our stockholders in the form of current income and capital appreciation by providing capital solutions to companies with sound business fundamentals and strong growth prospects. LOS ANGELES, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. ("Crescent BDC" or "Company") (NASDAQ: CCAP) today reported net investment income of $59.7 million, or $1.93 per share, and adjusted net investment income of $53.4 million, or $1.73 per share, for the year ended December 31, 2022. InterContinental Hotels Group PLC (NYSE:IHG) Q4 2022 Earnings Call Transcript Vista Energy, S.A.B. 2023 Crescent Capital Group LP. Stock Market | FinancialContent Business Page Use of this website is governed by the Terms and Conditions. Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague? What's the investment trend over time for this hub? 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. It has a well-diversified portfolio and is unique in that it also has international exposure. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. More About us Our Portfolio at a Glance $ 1.3 B Portfolio Size (at Fair Value) 129 Portfolio Companies 90% First Lien Investments Crescent Capital Group LP, a leading alternative credit investment firm, announced today the successful final close of its third direct lending fund, . Crescent Capital is a Belfast based venture capital fund manager. This means the bullish number of . it's been delivered there. Crescent Capital is a Belfast based venture capital fund manager. Product Marketing and Business Development Director. Stock Market | Pittsburgh Post-Gazette "Crescent were willing to invest initially and on a continued basis to maintain our technologically leadership position. Click Were any of the follow-on was any of the follow-on capital to the portfolio companies to pad out liquidity? Crescent Capital Group - Wikipedia The decline relates primarily to unrealized losses we took to reflect wider credit spreads in the market as volatility within the leveraged finance and equity markets continued during the fourth quarter. This has proven to be a competitive advantage, particularly in the current lending environment. ", "I strongly recommend working in partnership with Crescent Capital. Henry Chung: Thanks, Jason. After submitting your request, you will receive an activation email to the requested email address. With that, Id now like to turn it over to Jason. That nonrecurring income has now been replaced by recurring yield related income from Crescents originated assets. At Crescent Capital, we invest in debt securities at all levels of a companys capital structure. Adjusted net investment income increased 17% to $0.49 per share from $0.42 per share for the quarter ended September 30, 2022. 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. Crescent Capital Partners Investor Profile: Portfolio & Exits | PitchBook ", "It has been Crescents human capital that has been most valuable to us. Can you give us any color around that? Acting as a first-mover, we put together innovative financing structures and investment vehicles creating value for our institutional investors. Or was it a more normal course of business add-ons or growth or whatever? This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Legal Notice. 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 Credit. 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. Jason Breaux: Thank you, Dan. Do you expect to be running on a combined basis going forward? Crescent has successfully helped unique Australian products become iconic brands that are loved by consumers around the world. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Thank you! In particular, in the past 15 years Crescent has been the most active private equity manager in healthcare in Australia. Diversification will not guarantee profitability or protection against loss. For the fourth quarter, over 99% of our total debt investments at fair value made full scheduled principal and interest payments. Crescent Capital - Investing in the future 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. Get our editors daily picks straight in your inbox! But I would say overall, we are pleased with the underlying performance of the portfolio. Mr. Harari brings more than 15 years of investment experience to Crescent Capital. 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. Its also worth highlighting that in January, we upsized our SMBC Corporate Revolving Facility by $35 million to $385 million. The company has a one-year high of $10.68 and a one . ", "Crescent partnered with us and assisted in achieving our growth targets. 2009 Crescent Capital, All Rights Reserved. How much aggregate funding have these organizations raised over time? Click here. Crescent has an active partnership ethos, which is a highly structured and disciplined approach to portfolio management and hands-on value creation. 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. Read More Portfolio See our recent purchases and offers. 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. | 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. Sorry, no results has been found matching your query. We continue to believe that CCAP remains well positioned to navigate the economic and market uncertainty ahead. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. Home - Crescent Capital Investments Earn Accelerated Returns Through Multi-Family Real Estate About Us Discover more about our company and values. You can get rich by returning 20% per year and compounding that for several years. You should only be asked to sign in once. Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call I look forward to working with our talented team of professionals to continue serving our current and prospective investors.". Guidance 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. 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. 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. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Investing in the future of finance, education, SaaS, logistics, and more. Excuse me. 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. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. We look forward to speaking with you again soon. 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. We did intentionally delever a bit here in Q4 in anticipation of the merger. To reiterate Henrys comments, we prioritize delevering during Q4 in advance of the close of the First Eagle acquisition. 10-K: CRESCENT CAPITAL BDC, INC. - MarketWatch Since 1995 Crescent Capital has been supporting and building high-grade venture backed companies in Northern Ireland. Crescent BDC's portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. Crescent Capital BDC, Inc. Reports December 31, 2022 Financial Results Im going to ask you a question that sort of relates to credit . . Crescents investment success across education, services and mining technology has helped innovative Australian businesses compete on a global stage. Crescent is an alternative asset manager with approximately $40 billion 1 of assets under management and over 210 employees as of December 31, 2022. The first question comes from Robert Dodd of Raymond James. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with . The presentation should be reviewed in conjunction with the companys Form 10-K filed yesterday with the SEC. Average Retirement Savings By Age: Are You Normal? . Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising Gross deployment in the fourth quarter was $46 million. View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005594/en/, Mendel CommunicationsBill Mendel, +1-212-397-1030bill@mendelcommunications.com. We provide support for founders and senior management teams to accelerate the achievement of their goals. Using market interest rates at year-end, weighted average interest coverage for the total portfolio was 1.9x. With that, I will now turn it over to Gerhard. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The $46 million in gross deployment compares to approximately $71 million in aggregate exits, sales and repayments in the quarter, inclusively a final $8 million liquidating return of capital from our joint venture, which, as Jason noted, is now fully dissolved. 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. 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. 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. 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. Which investors participated in the most funding rounds within this hub? We have just sent you an email so you can verify your account. What's the most common types of sub-organization? I will turn the call back to Jason Breaux for closing remarks. Crescent Capital Group Henry? Back then they werent called hedge funds, they were called partnerships. Before we begin, Ill start with some important reminders. Our team have been drawn from top tier strategy consulting practices and operating leadership roles in industry. 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 . Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. We have a large internal team which helps accelerate a portfolio company management teams decision making. 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 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 Jason Breaux: Yes. Read More 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. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. 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 believe that we benefit from years of experience managing below investment grade bank loans and debt securities over multiple economic and market cycles. Founded in 2000, Crescent Capital Partners is a private equity firm based in Sydney, Australia. Crescent Capital BDC, Inc. Reports December 31, 2022 Financial Results

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