Thank you again, everyone for your interest and support of CCAP. First, we are targeting the closing of our announced merger with First Eagle BDC this quarter. As of December 31, 2022, Crescent Capital Group managed approximately $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. View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005594/en/, Mendel CommunicationsBill Mendel, +1-212-397-1030bill@mendelcommunications.com. Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions.
11%-Yielding Crescent Capital: Undervalued BDC With Upside Potential In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. 2023 Crescent Capital Group LP. Id also note that PIK income continues to represent a modest portion of our revenue at approximately 2% of total investment income. The fund was more than double the size of .
At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with .
Crescent Capital BDC, Inc. - Investor Relations Im on Slide 19. We have a large internal team which helps accelerate a portfolio company management teams decision making. We believe that we benefit from years of experience managing below investment grade bank loans and debt securities over multiple economic and market cycles. We have a diverse portfolio across healthcare, industrial, financial services, technology, education and consumer brands. Diversification will not guarantee profitability or protection against loss. . Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague?
Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 Description. I will turn the call back to Jason Breaux for closing remarks. 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. We thank you for your participation and ask that you please disconnect your lines. So lets begin. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. We take great pride in building long term partnerships with our investors based on an established reputation for delivering consistently strong performance. 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. 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.
Crescent Capital Group Closes Second Direct Lending Fund at 25+ years experience in strategy consulting, investment and business management and public company boards.
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. 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. Website by GCI. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. Crescent Capital BDC, Inc. (NASDAQ: CCAP) was in 6 hedge funds' portfolios at the end of the third quarter of 2020. Jason Breaux: Sure. Discover more about our company and values. How are IPOs trending over time in this hub? Our team have over 30 years experience assisting healthcare businesses accelerate growth. In this report, "we," "us," "our" and "Company" refer to Crescent Capital BDC, Inc. and its consolidated subsidiaries. bdcir@crescentcap.com. . At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. With deep in house expertise, we provide the support to accelerate growth creation in our portfolio companies. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their Leaderboard Please also note that past performance or market information is not a guarantee of future results. Please go ahead. Please check your spam or junk folder just in case secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. 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. 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. 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. Please turn to Slides 13 and 14 of the presentation, which highlights certain characteristics of our diversified portfolio. 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. 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. 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. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. A couple more worth highlighting. 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. 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. ", "Crescent partnered with us and assisted in achieving our growth targets. 2023 Crescent Capital Group LP. Turning back to this quarters earnings. We have a diverse portfolio across healthcare, industrials, financial services, technology, education and consumer brands. 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 LP has closed its eighth private credit fund at $8 billion.
Crescent Capital - Investing in the future And it means its going to be harder than ever to hold onto any money you make. 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. This call is being recorded on Thursday, February 23, 2023. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey.
Our Company - Crescent Capital Group 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. ", "Crescent add value across business development, acquisition and enhancement activities. Access to our investment and operational team brings unparalleled support to our portfolio companies. Crescent has successfully helped unique Australian products become iconic brands that are loved by consumers around the world. The Firm believes that these high-yield assets will deliver strong cash-flow focused returns for investors. 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. Founder, Chief Executive Officer and Managing Director, Chief Financial Officer & Investment Executive, Youre viewing 10 of 67 investments. 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. After submitting your request, you will receive an activation email to the requested email address. 87% in this quarter were raising one or two, so it appears pretty stable. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. 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. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. More About us Our Portfolio at a Glance $ 1.3 B Portfolio Size (at Fair Value) 129 Portfolio Companies 90% First Lien Investments Continued strong performance ratings and low nonaccrual levels. ", "It has been Crescents human capital that has been most valuable to us. For more information about Crescent. As of December 31, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30.
Crescent wraps up eighth private credit fund at $8bn | PE Hub Crescent Capital is a Belfast based venture capital fund manager. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. This video is provided by the Australian Investment Council. 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.
Sun Life-backed Crescent targets $6bn for two private debt funds Another, on your deployments in the quarter, obviously will follow on. Click here. This serves to drive growth and performance improvement, accelerating value creation for shareholders. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. Wed be happy to take your questions, and please understand that we may be limited in some answers due to the ongoing First Eagle transaction. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. Private Equity Portfolio. ", "Crescents practical and analytical approach enabled management to hit their goals. Thank you, operator. Jason reviewed several metrics related to our portfolio. Crescent Capital is a leading investor across real estate, private equity and venture capital. The first question comes from Robert Dodd of Raymond James. With that, I will now turn it over to Gerhard. Our net investment income outpaced our regular dividend by $0.11 per share, which was offset by net unrealized depreciation on investments of $0.44 per share. 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. To participate please dial (877 . Active vs. Crescent is an alternative asset manager with approximately $40 billion1of assets under management and over 210employees as of December 31,2022. Can you give us any color around that? Since 1995 Crescent Capital has been supporting and building high-grade venture backed companies in Northern Ireland. 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. 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. Only logged in subscribers of this site will be able to access the shared article. 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. 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: Yes. Video: Melinda McGrath, CEO Australian Clinical Labs. Our credit culture focused on preservation of capital has led to a highly diversified portfolio invested largely in the resilient industries. We believe an active engagement model is a leading indicator of strong company performance. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Crescent Capital is a leading investor across . By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. management team, and recent news are also included. In addition, a reconciliation of this measure may also be found in our earnings release. We target middle market companies located in Australia and New Zealand with enterprise values of $50m to $300m. Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call Transcript February 23, 2023. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds, financial institutions, and multi-employer plans. Focus on Seed and Series A. For this period, the Company had $277.6 million in aggregate exits, sales and repayments. You can sign up for additional alert options at any time. We are proud to have globally leading NPS scores with our executive partners. Excuse me. We believe that these asset classes provide our clients with opportunities to generate income while preserving capital. The obvious, I mean, how you gave the interest coverage based on year-end rates. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. Investing in the future of finance, education, SaaS, logistics, and more.
This was by design as we believe it is prudent to prioritize deleveraging in advance of the First Eagle acquisition. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. Crescent Capital Partners is a leading Australian private equity firm. It is for information purposes only and addresses accredited investors; such as wealth managers, family offices, and high-net-worth individuals. Get the full list, Youre viewing 5 of 21 co-investor.
Crescent Capital Consulting, LLC Buys iShares TIPS Bond ETF - Yahoo! 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.
Crescent Capital Net realized losses were less than $0.05 per share.
Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. .
As a member of the Australian Investment Council, we are bound by a set of member standards including the Australian Investment Council Code of Conduct, as well as responsible investment and valuation guidelines.