crescent capital portfolio

Discover more about our company and values. 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. 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. And it means its going to be harder than ever to hold onto any money you make. For more information about Crescent Capital Group, please visit www.crescentcap.com. 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. You must click the activation link in order to complete your subscription. We are an equity partner that brings more than money to the relationship. 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. We target middle market companies located in Australia and New Zealand with enterprise values of $50m to $300m. 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. Id now like to turn it over to Henry to discuss our Q4 investment activity. Home - Crescent Capital Investments Earn Accelerated Returns Through Multi-Family Real Estate About Us Discover more about our company and values. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. Using market interest rates at year-end, weighted average interest coverage for the total portfolio was 1.9x. 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. Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. He began his investing career at Focus Partners, LLP, a Singapore-based long/short equity hedge fund focused on Southeast Asia. Ill provide some fourth quarter and full year highlights, touch on our current portfolio and positioning and then turn it over to Henry to review our recent activity in more detail. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Read More Investing in the future of finance, education, SaaS, logistics, and more. There are significant risks that should be considered and reviewed when considering an investment in real estate. Your submission has been received! One, the Boards of Directors of Crescent BDC and First Eagle BDC have each unanimously approved the transaction. With that, I will now turn it over to Gerhard. Use the PitchBook Platform to explore the full profile. We have just sent you an email so you can verify your account. With deep in house expertise, we provide the support to accelerate growth creation in our portfolio companies. To reiterate Henrys comments, we prioritize delevering during Q4 in advance of the close of the First Eagle acquisition. We have a large internal team which helps accelerate a portfolio company management teams decision making. bdcir@crescentcap.com. Our net asset value per share ended the year at $19.83, down 1.6% as compared to the prior quarter. Do you expect to be running on a combined basis going forward? We provide support for founders and senior management teams to accelerate the achievement of their goals. Im going to ask you a question that sort of relates to credit . The health of the portfolio is also demonstrated by the stable weighted average portfolio grade and low nonaccrual rates. Our credit culture focused on preservation of capital has led to a highly diversified portfolio invested largely in the resilient industries. 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. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. We remain very excited about the acquisition as we believe the combination provides many strategic and financial benefits to the combined company. Crescent Capital Investments, LLC is a privately held investment company that focuses on acquiring and managing opportunistic and value-add multi-family properties. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their Leaderboard For the fourth quarter, over 99% of our total debt investments at fair value made full scheduled principal and interest payments. Offerings across the credit quality spectrum 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. Crescents investment activities are managed by dedicated teams focused on each of these asset classes. More About us Our Portfolio at a Glance $ 1.3 B Portfolio Size (at Fair Value) 129 Portfolio Companies 90% First Lien Investments Earnings Call TranscriptNASDAQ:CCAPQ4 2022, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. Warren Buffett took 25% of all returns in excess of 6 percent. 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. On a GAAP basis, fourth quarter net investment income per share was $0.52. How Crescent invests Crescent began life in 1991, when managing partners Attanasio and Jean-Marc Chapus established Crescent Capital Corp. As a reminder, this call is being recorded for replay purposes. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. Get the full list, Morningstar Institutional Equity Research. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. Legal Notice. Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. Please also note that past performance or market information is not a guarantee of future results. Get the full list, Youre viewing 5 of 21 co-investor. Operator: Thank you. ", "Crescent brings a laser light focus on the things that drive value to our business.". All information contained in this website is qualified by the terms of applicable offering documents. Crescent Capital is unique in its ability and track record of building out businesses from a standing start, internally and in partnership with management teams. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. 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 still like this investment. As you can see on the right-hand side of the slide, we have a low level of debt maturities over the next few years with $150 million maturity related to our 5.95% unsecured notes in July 2023. In particular, in the past 10 years Crescent has been the most active private equity manager in healthcare in Australia. $30MM Weighted Average Portfolio Company EBITDA, Disciplined portfolio construction with average position size <1% of total fair value. A couple of reminders as it relates to the transaction. 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. With that, Id now like to turn it over to Jason. In addition, a reconciliation of this measure may also be found in our earnings release. 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. Crescent Capital is an attractively priced BDC trading at a substantial 26% discount to its NAV/share. 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. Venture Capital Portfolio You can get rich by returning 20% per year and compounding that for several years. This website is neither an offer to sell nor a solicitation of an offer to buy securities. to generate high returns in the 20% to 30% range. The firm invests in companies operating in the information technology, life sciences, and manufacturing sectors. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Our team have been drawn from top tier strategy consulting practices and operating leadership roles in industry. But I would say overall, we are pleased with the underlying performance of the portfolio. Founded in 1995, Crescent Capital is a venture capital firm based in Belfast, United Kingdom. You should only be asked to sign in once. An offering is made only by the applicable offering documents and only in those jurisdictions where permitted by law. Please turn to Slide 6, where youll see a summary of our results. Thank you. 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. 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. We redeployed the majority of the proceeds from this monetization activity primarily into directly originated higher spread Crescent private credit opportunities. Now lets shift to capitalization and liquidity. Their primary investment focus is with Northern Ireland based companies operating in the information technology, life sciences, and manufacturing sectors. Use of this website is governed by the Terms and Conditions. Video: Matt Courtney, CEO Construction Sciences. 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. Click here. Robert Dodd: Got it. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. 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. 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. Warren Buffett has been investing and compounding for at least 65 years. Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. 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. I mean, whats the how are things actually trending right now? 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%. 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. Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties. 2023 Crescent Capital Group LP. 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. If you experience any issues with this process, please contact us for further assistance. The companies continue to grow on the top line and the bottom line. This serves to drive growth and performance improvement, accelerating value creation for shareholders. Average Retirement Savings By Age: Are You Normal? Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. The firm seeks to invest in middle-market companies across Australia and New Zealand with a focus on the industrial, financial services, healthcare, consumer brands, technology, and education sectors. 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. 25+ years experience in strategy consulting, investment and business management and public company boards. Back then they werent called hedge funds, they were called partnerships. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. With more than 100 investment professionals and over 200 employees, the firm invests at all levels of the capital structure, with a significant focus on below investment grade credit through strategies that invest in senior bank loans, unitranche loans, high yield debt, mezzanine debt, and other private debt securities. 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. That being said, the broader Crescent private credit platform remained active with over $800 million of capital committed to new portfolio investments during the fourth quarter and over $5.5 billion for the full year. Don't have an account? Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds . Speaking on todays call will be CCAPs President and Chief Executive Officer; Jason Breaux; Chief Financial Officer, Gerhard Lombard; and Managing Director, Henry Chung. Crescent Capital is a Belfast based venture capital fund manager. I would say broadly speaking, we continue to feel good about the health of the overall portfolio. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. We believe this is an important distinction to highlight for shareholders in a volatile market environment. Website by GCI. Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. 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. ", "Our growth strategy was perfectly aligned with Crescents. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with . The weighted average stated interest rate on our total borrowings was 6.23% as of year-end. We appreciate your continued interest in CCAP. In total, we closed on five add-on and several revolver and delayed draw fundings with no new portfolio company investments in the quarter. 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 . Along the way, I believe Biden could become one of the most powerful Presidents in history.

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crescent capital portfolio