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.

1. Focus on Middle Market Companies: Crescent Capital BDC primarily invests in middle market companies, which are businesses with annual revenues between $10 million and $1 billion. This segment of the market is known for its potential for high growth and strong returns, making it an attractive investment opportunity for Crescent Capital BDC.
2. Experienced Management Team: The company is led by a team of experienced professionals with extensive knowledge and expertise in middle market lending. They have a track record of successfully managing investments and creating value for shareholders.
3. Diverse Investment Portfolio: Crescent Capital BDC has a diverse portfolio of investments across various industries such as technology, healthcare, consumer products, and business services. This diversity helps in mitigating risk and provides a stable source of income for the company.
4. Flexible Capital Structure: The company has a flexible capital structure with access to both debt and equity financing, allowing them to tailor investments to the needs of their portfolio companies.
5. Strong Risk Management Practices: Crescent Capital BDC follows a rigorous risk management process to identify, monitor, and mitigate potential risks in its investment portfolio. This ensures that investments are made in sound and stable companies.
6. High-Quality Investments: The company focuses on investing in high-quality, established middle market companies with strong management teams, competitive advantages, and stable cash flows.
7. Partnership with Crescent Capital Group: As a subsidiary of Crescent Capital Group, a leading alternative asset manager with over 25 years of experience, Crescent Capital BDC has access to a large network of industry relationships and resources for sourcing investment opportunities.
8. Regular Distribution of Dividends: Crescent Capital BDC pays out regular dividends to shareholders, making it an attractive investment option for income-seeking investors.
9. Strong Financial Performance: The company has a strong track record of generating attractive returns for its investors. As of March 31, 2021, its net asset value per share was $22.23 and it has consistently generated positive returns for shareholders since its inception.
10. Commitment to Social Responsibility: Crescent Capital BDC is committed to conducting business in a socially responsible manner and is a signatory to the United Nations Principles for Responsible Investment. The company also has a strict code of ethics and conducts regular due diligence on environmental, social, and governance (ESG) factors for potential investments.

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.

1. Focus on Middle Market Companies: Crescent Capital BDC specializes in lending to middle market companies, which are typically larger and more established than small businesses but not large enough for access to traditional bank financing. This segment of the market offers attractive investment opportunities with potentially higher returns.
2. Experienced Management Team: The company is managed by an experienced team with a long track record of successfully investing in middle market companies. This expertise allows Crescent Capital BDC to identify attractive investment opportunities and effectively manage risk.
3. Diversified Portfolio: Crescent Capital BDC has a diversified portfolio of investments across various industries, which helps to mitigate risk and potentially enhance returns. The company also has a mix of debt and equity investments in its portfolio, providing further diversification.
4. Strong Track Record: The company has a strong track record of generating consistent returns for its shareholders. This is reflected in the company's performance relative to its peers and industry benchmarks.
5. Alignment of Interests: Crescent Capital BDC's management and employees have a significant portion of their net worth invested in the company's stock, aligning their interests with shareholders. This reinforces management's commitment to creating value for shareholders.
6. Active Investment Management: The company's team conducts rigorous due diligence and actively manages its investments to drive value creation for its portfolio companies and shareholders. This includes working closely with management teams to support growth initiatives and monitoring portfolio performance.
7. Access to Crescent Capital Group's Resources: Crescent Capital BDC has access to Crescent Capital Group's extensive resources, including a global network of professionals, deep industry expertise, and proprietary research capabilities. This provides a competitive advantage in sourcing and evaluating investment opportunities.
8. Stable and Growing Dividend: Crescent Capital BDC offers a stable and growing dividend to its shareholders, providing a potential source of income for investors seeking regular cash flow.
9. Strong Corporate Governance: The company has a strong corporate governance structure, with an independent board of directors and robust policies and procedures in place to protect shareholders' interests.
10. Strong Capitalization: Crescent Capital BDC is well-capitalized with a strong balance sheet, allowing it to take advantage of investment opportunities and weather economic downturns. This provides a level of stability and reliability for shareholders.
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