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. Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. 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 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.
Invest Money & Crypto With #Crescent | Crescent Bit Capital Crescents investment activities are managed by dedicated teams focused on each of these asset classes.
Importantly, we generated net realized gains for the full year 2022, delivering positive realized gains in excess of our losses. Register now to read this article and more for free. Offerings across the credit quality spectrum If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Win whats next. Jason Breaux: Yes. Click Adjusted net investment income increased 17% to $0.49 per share from $0.42 per share for the quarter ended September 30, 2022. We believe this is an important distinction to highlight for shareholders in a volatile market environment. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. 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. Operator: Thank you. ", "I strongly recommend working in partnership with Crescent Capital. After that, there are no remaining term maturities until 2026. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. The total size of the investment portfolio is around USD 400 million which . For the year ended December 31, 2022, the Company invested $308.0 million across 20 new portfolio companies, 31 existing portfolio companies and several follow-on revolver and delayed draw fundings. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Sorry, no results has been found matching your query. 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 . We ended the year with nearly $1.3 billion of investments at fair value across 129 portfolio companies with an average investment size of less than 1% of the total portfolio.
Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising First, we are targeting the closing of our announced merger with First Eagle BDC this quarter. Crescent Capital Partners General Information. I look forward to working with our talented team of professionals to continue serving our current and prospective investors.". Im on Slide 19. . As of December 31, 2022, Crescent Capital Group managed over $40 billion of privately originated debt investments and marketable securities. 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%. 25+ years experience in strategy consulting, investment and business management and public company boards. Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. 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. 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. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. We remain very excited about the acquisition as we believe the combination provides many strategic and financial benefits to the combined company.
Crescent Capital BDC, Inc. to Acquire Alcentra Capital Corporation What's the most common types of sub-organization? We see our role as working on the business, helping accelerate business decisions by providing capital, the consulting toolkit and done it before experience. Discover more about our company and values. 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. The good news is, this powerful new force can help you make a lot of money even in a bear market.
Crescent Capital Group An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. 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. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History.
Crescent Capital Partners Investor Profile: Portfolio & Exits | PitchBook Use of this website is governed by the Terms and Conditions. This means the bullish number of . Do you expect to be running lower leverage than was the case to present historically? This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. And it means its going to be harder than ever to hold onto any money you make.
Private Credit | Sun Life Capital Management 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. 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. For example S&P 500 Index returned 43.4% in 1958. 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. How much aggregate funding have these organizations raised over time?
Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 As of December 31, 99% of our debt investments at fair value were floating rate with a weighted average floor of 80 basis points, which compares to our 72% floating rate liability structure based on debt drawn with no floors. 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. ", "Crescents practical and analytical approach enabled management to hit their goals. Good morning, everyone, and thank you for joining our earnings call. The obvious, I mean, how you gave the interest coverage based on year-end rates. We initially share this idea in October 2018 and the stock already returned more than 150%. Video: Paul Wappett, CEO Australian Institute of Business. Crescent Capital BDC, Inc. (NASDAQ: CCAP) is a business development company focused on originating and investingin the debt of private middle market companies principally located in the U.S. 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. Reduced net debt by approximately $850 Not the case?
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. Something went wrong while submitting the form. Read More Portfolio See our recent purchases and offers. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. 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. 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, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30. Video: Melinda McGrath, CEO Australian Clinical Labs.
Acting as a first-mover, we put together innovative financing structures and investment vehicles creating value for our institutional investors. Mr. Harari brings more than 15 years of investment experience to Crescent Capital. Jason reviewed several metrics related to our portfolio. 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 . Thank you again, everyone for your interest and support of CCAP. Get the full list, Youre viewing 5 of 21 co-investor. 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. 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. 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. "Jonathan brings a wealth of investor relations experience to Crescent, and we are excited for his leadership as we seek to grow our client relationships and respond to the increasing demand for our alternative credit offerings," said Jean-Marc Chapus, Managing Partner and Co-Founder of Crescent Capital Group. The company has a one-year high of $10.68 and a one . In particular, in the past 15 years Crescent has been the most active private equity manager in healthcare in Australia. We appreciate your continued interest in CCAP. Please note that Crescent Capital BDC, Inc. may be referred to as CCAP, Crescent BDC or the company throughout the call. Get the full list, Youre viewing 10 of 31 exits. Mr. Harari added, "Crescent has a multi-decade history of outstanding team continuity and investment focus in both public and private credit. Investing in the future of finance, education, SaaS, logistics, and more. 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. We have a diverse portfolio across healthcare, industrials, financial services, technology, education and consumer brands. You must click the activation link in order to complete your subscription. Speaking on todays call will be CCAPs President and Chief Executive Officer; Jason Breaux; Chief Financial Officer, Gerhard Lombard; and Managing Director, Henry Chung. Legal Notice. 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. ", "Crescent add value across business development, acquisition and enhancement activities. Crescent is the most active Private Equity investor in industrial companies in Australia, having invested in 11 industrial businesses over the last 4 funds. 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 has an active partnership ethos, which is a highly structured and disciplined approach to portfolio management and hands-on value creation. 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. In addition, our portfolio managers have responsibility for multi-asset class strategies that are constructed from each of the asset classes we manage. Passive Investing: Which Real Estate Strategy is Right for You. There are no further questions at this time. But I would say overall, we are pleased with the underlying performance of the portfolio. Please turn to Slide 6, where youll see a summary of our results. Taseko Mines Limited (AMEX:TGB) Q4 2022 Earnings Call Transcript, Smith & Nephew plc (NYSE:SNN) Q4 2022 Earnings Call Transcript. We have a track record of expanding Australian businesses into Asia with over 50% of portfolio companies having an Asian presence. All rights reserved. On a GAAP basis, fourth quarter net investment income per share was $0.52. 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. If you experience any issues with this process, please contact us for further assistance. ", "Crescent partnered with us and assisted in achieving our growth targets. The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. . He launched his hedge fund in 1956 with $105,100 in seed capital. Crescent wraps up eighth private credit fund at $8bn, Investor Relations, Marketing & Communications Forum. . Thank you, operator. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their. But can you give us any color on how the portfolio companies are actually performing on EBITDA or revenue or anything like that?
Crescent Capital Group Closes Second Direct Lending Fund at 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. We continue to believe that CCAP remains well positioned to navigate the economic and market uncertainty ahead.