Thank you again, everyone for your interest and support of CCAP. I believe it will make millions of Americans vastly wealthier. Do you expect to be running lower leverage than was the case to present historically? 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. Jason Breaux: Yes. Crescent Capital is a Belfast based venture capital fund manager. As of December 31, 2022, Crescent Capital Group managed approximately $40 billion of privately originated debt investments and marketable securities. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. Crescent Capital is a Belfast based venture capital fund manager. The firm invests in companies operating in the information technology, life sciences, and manufacturing sectors. Please check your spam or junk folder just in case 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 just sent you an email so you can verify your account. Please go ahead. 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. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Which investors participated in the most funding rounds within this hub? Video: Melinda McGrath, CEO Australian Clinical Labs. Another, on your deployments in the quarter, obviously will follow on. Crescent Capital is a leading investor across . If you experience any issues with this process, please contact us for further assistance. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Jason reviewed several metrics related to our portfolio. 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. In addition, a reconciliation of this measure may also be found in our earnings release. Operator: Thank you. 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 . Crescent Capital Partners is a leading Australian private equity firm. Use of this website is governed by the Terms and Conditions. Before we begin, Ill start with some important reminders. Founded in 1995, Crescent Capital is a venture capital firm based in Belfast, United Kingdom. ", "Our growth strategy was perfectly aligned with Crescents. We have a diverse portfolio across healthcare, industrial, financial services, technology, education and consumer brands. Crescent Capital's shares are likely to rebound, as fundamental factors don't support the downtrend. For the fourth quarter, over 99% of our total debt investments at fair value made full scheduled principal and interest payments. 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. The good news is, this powerful new force can help you make a lot of money even in a bear market. He launched his hedge fund in 1956 with $105,100 in seed capital. The companies continue to grow on the top line and the bottom line. Jason Breaux: Hey Robert, its Jason. To participate please dial (877 . Get the full list, Morningstar Institutional Equity Research. | 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 . Crescent BDC's portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. 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. Do you expect to be running on a combined basis going forward? We have a large internal team which helps accelerate a portfolio company management teams decision making. 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. After submitting your request, you will receive an activation email to the requested email address. Our team have been drawn from top tier strategy consulting practices and operating leadership roles in industry. . Crescents investment success across education, services and mining technology has helped innovative Australian businesses compete on a global stage. Speaking on todays call will be CCAPs President and Chief Executive Officer; Jason Breaux; Chief Financial Officer, Gerhard Lombard; and Managing Director, Henry Chung. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. We are a community of like-minded real estate investors who together have a stronger purchasing power to acquire and operate multi-family properties for their potential of hands-free, tax-free passive income. Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. What's the most common final funding type when companies get acquired? Register now to read this article and more for free. I would say broadly speaking, we continue to feel good about the health of the overall portfolio. 2023 Crescent Capital Group LP. $30MM Weighted Average Portfolio Company EBITDA, Disciplined portfolio construction with average position size <1% of total fair value. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. Mr. Harari brings more than 15 years of investment experience to Crescent Capital. Oops! 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. We still like this investment. Private Equity Portfolio. We attributed the bulk of the quarters NAV decline to widening credit spreads. ", "Crescent add value across business development, acquisition and enhancement activities. In short, a powerful new economic force is quietly building behind Joe Biden and Im confident Biden can harness this forces inevitable wave, carrying him to a LANDSLIDE re-election win. For over 30 years, the firm has focused on below investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, and private senior, unitranche, and junior debt securities. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. I will turn the call back to Jason Breaux for closing remarks. This call is being recorded on Thursday, February 23, 2023. And with that, operator, please open the line for questions. This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. 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. One, the Boards of Directors of Crescent BDC and First Eagle BDC have each unanimously approved the transaction. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. Thank you. 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. Discover more about our company and values. 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. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. 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. 2023 Crescent Capital Group LP. 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. Crescent Capital is a Belfast based venture capital fund manager. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. Gerhard Lombard: Thanks, Henry, and good morning, everyone. We still like this investment. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. You talked about, obviously, youve lowered leverage ahead of that acquisition. Crescent Capital Investments, LLC is a privately held investment company that focuses on acquiring and managing opportunistic and value-add multi-family properties. Founded in 2000, Crescent Capital Partners is a private equity firm based in Sydney, Australia. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. 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. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. Venture Capital Portfolio. Our weighted average portfolio grade of 2.1 was unchanged as compared to the past few quarters, and the percentage of risk rated one and two investments, the highest ratings our portfolio companies can receive accounted for 87% of the portfolio at fair value, down modestly from last quarter. 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.

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