Excuse me. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their Leaderboard 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. Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call Transcript, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. 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. As of December 31, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30. Crescent Capital - Investing in the future . KEY HIGHLIGHTS Generated significant excess cash flow of approximately $1.2 billion, driven by a strong netback asset base. [email protected]. 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. Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. With a reputation for delivering strong performance through a structured and disciplined approach to investment management, our team works actively alongside senior management to drive organic growth and value creation in invested companies. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. 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. I believe it will make millions of Americans vastly wealthier. Crescent Credit. Thank you. You can sign up for additional alert options at any time. Crescent Capital BDC, Inc. - Investor Relations Crescent Capital This recurring revenue ultimately accounted for 94% of this quarters total investment income, up from 86% in Q4 of 2021. This has proven to be a competitive advantage, particularly in the current lending environment. Crescent is an alternative asset manager with approximately $40 billion1of assets under management and over 210employees as of December 31,2022. 1: AUM as of 12/31/2022 and includes committed assets and employee investments in Crescent managed portfolios. How much aggregate funding have these organizations raised over time? Turning back to this quarters earnings. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds, financial institutions, and multi-employer plans. Crescent Capital Partners | Private Equity Firm in Sydney Australia Crescent Capital is an attractively priced BDC trading at a substantial 26% discount to its NAV/share. Great. Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. The firm invests in companies operating in the information technology, life sciences, and manufacturing sectors. Win whats next. 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. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. This means the bullish number of . Use of this website is governed by the Terms and Conditions. We are proud to have globally leading NPS scores with our executive partners. Back then they werent called hedge funds, they were called partnerships. March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. He began his investing career at Focus Partners, LLP, a Singapore-based long/short equity hedge fund focused on Southeast Asia. Click here. We still like this investment. Crescent is the most active Private Equity investor in industrial companies in Australia, having invested in 11 industrial businesses over the last 4 funds. If you experience any issues with this process, please contact us for further assistance. Founded in 2000, Crescent Capital Partners is a private equity firm based in Sydney, Australia. Use the PitchBook Platform to explore the full profile. Mr. Harari brings more than 15 years of investment experience to Crescent Capital. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Please go ahead. We redeployed the majority of the proceeds from this monetization activity primarily into directly originated higher spread Crescent private credit opportunities. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Crescent Capital's shares are likely to rebound, as fundamental factors don't support the downtrend. Crescent Capital Group That would have been 9.35% in hedge fund fees. We have a diverse portfolio across healthcare, industrial, financial services, technology, education and consumer brands. 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. Crescent Capital is a Belfast based venture capital fund manager Acting as a first-mover, we put together innovative financing structures and investment vehicles creating value for our institutional investors. Crescent Capital is a Belfast based venture capital fund manager. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. ", "I strongly recommend working in partnership with Crescent Capital. Two more credit trends to highlight. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. The obvious, I mean, how you gave the interest coverage based on year-end rates. Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. Website by GCI. We see several investors trying to strike it rich in options market by risking their entire savings. Crescents investment activities are managed by dedicated teams focused on each of these asset classes. Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 We initially share this idea in October 2018 and the stock already returned more than 150%. You can enter your email below to get our FREE report. S&P 500 Index lost 10.8% in 1957, so Buffetts investors actually thrilled to beat the market by 20.1 percentage points in 1957. We look forward to speaking with you again soon. We believe an active engagement model is a leading indicator of strong company performance. Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. I mean how would the how are the operating trends doing? Access to our investment and operational team brings unparalleled support to our portfolio companies. Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising Good morning, everyone, and thank you for joining our earnings call. Active vs. Crescent BDC's portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. 2023 PitchBook. A link has been emailed to you - check your inbox. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 25+ years experience in strategy consulting, investment and business management and public company boards. The companys actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings. Continued strong performance ratings and low nonaccrual levels. Crescent Capital Group LP, a leading alternative credit investment firm, announced today the successful final close of its third direct lending fund, . Next, CBDC Senior Loan Fund, our joint venture was formally dissolved during the fourth quarter after being largely wound down in recent quarters. As of year-end, this GAAP expense accrual has been fully reversed. Id also note that PIK income continues to represent a modest portion of our revenue at approximately 2% of total investment income. He also served as a member of the hedge fund solutions group at The Blackstone Group, L.P., where he focused on business development efforts across the Northeast and Southeast U.S. working with a diverse array of institutional clients. Adjusted net investment income increased 17% to $0.49 per share from $0.42 per share for the quarter ended September 30, 2022. 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. Only logged in subscribers of this site will be able to access the shared article. There are no further questions at this time. 1: AUM as of 12/31/2022 and includes committed assets and employee investments in Crescent managed portfolios. So, how did Warren Buffett manage to generate high returns and beat the market? To reiterate Henrys comments, we prioritize delevering during Q4 in advance of the close of the First Eagle acquisition. 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. 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. We thank you for your participation and ask that you please disconnect your lines. Read More Portfolio See our recent purchases and offers. Crescent Capital BDC, Inc. to Acquire Alcentra Capital Corporation Or is that just a timing? The difference relates to a noncash reversal of our capital gains-based incentive fees on net realized and unrealized capital appreciation. . 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. You must click the activation link in order to complete your subscription. 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. 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. 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. Warren Buffett took 25% of all returns in excess of 6 percent. This list of organizations invested in by Crescent Capital provides data on their funding history, investment activities, and acquisition trends. Crescent Capital Group Closes Third U.S. Direct Lending Fund, Raising Our team have been drawn from top tier strategy consulting practices and operating leadership roles in industry. Crescent Capital Partners is a leading Australian private equity firm. An investment in Crescent BDC is different from a direct investment in any of the asset types shown above. In this report, "we," "us," "our" and "Company" refer to Crescent Capital BDC, Inc. and its consolidated subsidiaries. You must click the activation link in order to complete your subscription. to generate high returns in the 20% to 30% range. Investing in the future of finance, education, SaaS, logistics, and more. Product Marketing and Business Development Director. By providing your email address below, you are providing consent to Crescent Capital BDC, Inc. to send you the requested Investor Email Alert updates. Terms & Conditions We ended the year with nearly $1.3 billion of investments at fair value across 129 portfolio companies with an average investment size of less than 1% of the total portfolio. We appreciate your continued interest in CCAP. Gross deployment in the fourth quarter was $46 million. We initially share this idea in October 2018 and the stock already returned more than 150%. Crescent Capital Group - Wikipedia He most recently served as Executive Vice President at PIMCO based in New York City, where he led business development across large corporate pensions, family offices, endowments, foundations and healthcare institutions. This video is provided by the Australian Investment Council. 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. Crescent Capital is a Belfast based venture capital fund manager. 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. Operator: Thank you. For more information about Crescent. Taseko Mines Limited (AMEX:TGB) Q4 2022 Earnings Call Transcript, Smith & Nephew plc (NYSE:SNN) Q4 2022 Earnings Call Transcript. Invest Money & Crypto With #Crescent | Crescent Bit Capital An offering is made only by the applicable offering documents and only in those jurisdictions where permitted by law. Gerhard Lombard: Thanks, Henry, and good morning, everyone. This serves to drive growth and performance improvement, accelerating value creation for shareholders. 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. 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. Video: Paul Wappett, CEO Australian Institute of Business. The health of the portfolio is also demonstrated by the stable weighted average portfolio grade and low nonaccrual rates. In particular, in the past 10 years Crescent has been the most active private equity manager in healthcare in Australia. The all time high for this statistics is 5. Crescent Capital is a leading investor across . Operator: Ladies and gentlemen, this does conclude our conference call for today. I would now like to turn the conference over to Dan McMahon. All rights reserved. The first question comes from Robert Dodd of Raymond James. Where Do Hedge Funds Stand On Crescent Capital BDC, Inc. (CCAP)? - Yahoo! Yesterday, after the market closed, the company issued its earnings press release for the fourth quarter and year ended December 31, 2022, and posted a presentation to the IR Section of its website at www.crescentbdc.com. Get matched with a tax expert to do your taxes, https://www.businesswire.com/news/home/20230228005594/en/.
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