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. 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. Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties. We take great pride in building long term partnerships with our investors based on an established reputation for delivering consistently strong performance. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. 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. Dan McMahon: Good morning, and welcome to Crescent Capital BDC, Inc.s fourth quarter and year ended December 31, 2022 earnings conference call. Warren Buffett has been investing and compounding for at least 65 years. Please turn to Slides 13 and 14 of the presentation, which highlights certain characteristics of our diversified portfolio. I believe he will not only run again next year, but could win a 2nd Presidential term and by a LANDSLIDE. We will not be outlining additional details of the transaction on this call today, and we direct any interest investors to the proxy statement that was filed in January. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. In addition to equity capital, partnering with Crescent brings access to deep industry expertise and significant strategy and operational support. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds . Jason Breaux: Thank you, Dan. Our net asset value per share ended the year at $19.83, down 1.6% as compared to the prior quarter. 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. For the fourth quarter, over 99% of our total debt investments at fair value made full scheduled principal and interest payments. You must click the activation link in order to complete your subscription. 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. Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague? And then one more, if I can. Crescents investment success across education, services and mining technology has helped innovative Australian businesses compete on a global stage. You can enter your email below to get our FREE report. I would say broadly speaking, we continue to feel good about the health of the overall portfolio. | It is for information purposes only and addresses accredited investors; such as wealth managers, family offices, and high-net-worth individuals. Crescent Capital Investor Profile: Portfolio & Exits | PitchBook The team brings together complementary backgrounds in structured finance, private equity, law, engineering, and project development, with more than 80 years of direct financing and investment expertise. For this period, the Company had $277.6 million in aggregate exits, sales and repayments. 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. Home - Crescent Capital As of December 31, 2022, Crescent Capital Group managed over $40 billion of privately originated debt investments and marketable securities. LP investments in high-growth and distressed companies in the United States and abroad. Crescent Capital Partners is a leading Australian private equity firm. Only logged in subscribers of this site will be able to access the shared article. I believe it will make millions of Americans vastly wealthier. Crescent Capital Investments, LLC is a privately held investment company that focuses on acquiring and managing opportunistic and value-add multi-family properties. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. One, the Boards of Directors of Crescent BDC and First Eagle BDC have each unanimously approved the transaction. (310) 235-5900 Sorry, no results has been found matching your query. And on March 7, First Eagle is conducting a special meeting of its stockholders whereby they will be asked to adopt the agreement and plan a merger. 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. (310) 235-5900 Excuse me. During this conference call, we may discuss certain non-GAAP measures as defined by SEC Regulation G, such as adjusted net investment income or NII per share. Click 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. 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. The total size of the investment portfolio is around USD 400 million which includes hydro, wind, solar assets under operation. 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. 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. Click here. List of top Crescent Capital Portfolio Companies - CrunchBase The presentation should be reviewed in conjunction with the companys Form 10-K filed yesterday with the SEC. To participate please dial (877 . Jason Breaux: Hey Robert, its Jason. The company's 90% portfolio is performing above expectations, while 89% of its portfolio. 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 . We have just sent you an email so you can verify your account. ", "I strongly recommend working in partnership with Crescent Capital. 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. With that, I will now turn it over to Gerhard. Video: Paul Wappett, CEO Australian Institute of Business. 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 A couple more worth highlighting. 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. Between 1957 and 1966 Warren Buffetts hedge fund returned 23.5% annually after deducting Warren Buffetts 5.5 percentage point annual fees. "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. 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. As a reminder, this call is being recorded for replay purposes. We have a track record of expanding Australian businesses into Asia with over 50% of portfolio companies having an Asian presence. Crescent Capital focuses on acquiring multi-family real estate in high-growth secondary and tertiary markets throughout the Sun Belt. 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. Gerhard Lombard: Thanks, Henry, and good morning, everyone. Our credit culture focused on preservation of capital has led to a highly diversified portfolio invested largely in the resilient industries. Its also worth highlighting that in January, we upsized our SMBC Corporate Revolving Facility by $35 million to $385 million. As you can guess, Warren Buffetts #1 wealth building strategy is 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. 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. He launched his hedge fund in 1956 with $105,100 in seed capital. Please also note that past performance or market information is not a guarantee of future results. Terms & Conditions 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 thank you for your participation and ask that you please disconnect your lines. ET. Crescent Capital BDC, Inc. to Acquire Alcentra Capital Corporation Before we begin, Ill start with some important reminders. 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. Im going to ask you a question that sort of relates to credit . The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. First, we are targeting the closing of our announced merger with First Eagle BDC this quarter. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). Website by GCI. 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. You talked about, obviously, youve lowered leverage ahead of that acquisition. Their primary investment focus is with Northern Ireland based companies operating in the information technology, life sciences, and manufacturing sectors. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. The difference relates to a noncash reversal of our capital gains-based incentive fees on net realized and unrealized capital appreciation. Use the PitchBook Platform to explore the full profile. 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 . Were any of the follow-on was any of the follow-on capital to the portfolio companies to pad out liquidity? 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 is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. 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. 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. Invest NI pulls plug on new VC equity fund amid claims of earlier round Crescent Capital - Investing in the future How much aggregate funding have these organizations raised over time? 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.
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