Crescent Capital BDC

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Crescent Capital BDC is a publicly-traded business development company that provides financing solutions to middle-market companies. The company was founded in 2015 and is based in Los Angeles, California.
Crescent Capital BDC invests in a variety of industries, including healthcare, energy, technology, and consumer products. The company offers loans, mezzanine debt, and equity financing to help businesses grow and expand.
Crescent Capital BDC is managed by Crescent Capital Group, a leading alternative credit investment firm with over $28 billion in assets under management. The company's management team has extensive experience in underwriting and managing credit investments.
The company's stock is listed on the NASDAQ exchange under the ticker symbol "CCAP" and is included in various indices, such as the Russell 2000 Index and the S&P SmallCap 600 Index.
Crescent Capital BDC is regulated as a business development company under the Investment Company Act of 1940. This designation allows the company to take advantage of certain tax benefits, such as pass-through taxation and the ability to make investments in a wider range of companies.
Overall, Crescent Capital BDC aims to provide its investors with a high level of current income and capital appreciation through its investments in middle-market companies.

Crescent Capital BDC (Business Development Company) is a publicly-traded investment company that focuses on providing debt and equity financing to middle-market companies in the United States. It was founded in 2011 and is headquartered in Los Angeles, California. The company is managed by Crescent Capital Group, a leading alternative asset management firm with over $28 billion in assets under management.
Crescent Capital BDC invests primarily in private debt and equity securities of middle-market companies with annual revenues between $50 million and $2 billion. These companies are typically in the industries of healthcare, media and communications, technology, energy, and business services.
The company's investment strategy is to provide customized financing solutions to its portfolio companies, including senior secured loans, unitranche loans, asset-based loans, and mezzanine debt. In addition, Crescent Capital BDC may also make direct equity investments in its portfolio companies.
Crescent Capital BDC is listed on NASDAQ under the ticker symbol “CCAP” and is regulated by the U.S. Securities and Exchange Commission. Its shareholders include both individual and institutional investors, such as pension funds, insurance companies, and endowments.
In 2019, Crescent Capital BDC announced its intent to merge with Newtek Business Services Corp, a publicly traded business development company. The merger was completed in 2020, creating a larger and more diversified BDC with a broader investment platform.