We still like this investment. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds . Crescent wraps up eighth private credit fund at $8bn, Investor Relations, Marketing & Communications Forum. The company has a one-year high of $10.68 and a one . You must click the activation link in order to complete your subscription. We continue to believe that CCAP remains well positioned to navigate the economic and market uncertainty ahead. 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. But can you give us any color on how the portfolio companies are actually performing on EBITDA or revenue or anything like that? Two more credit trends to highlight. And with that, Id like to turn it back to Jason for closing remarks. Get the full list, Morningstar Institutional Equity Research. Total investment income of $34.6 million for the fourth quarter, the highest quarterly figure weve reported since inception compares to $29 million for the prior quarter, representing an increase of approximately 19%. 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. Jason reviewed several metrics related to our portfolio. Crescents investment activities are managed by dedicated teams focused on each of these asset classes. I would say broadly speaking, we continue to feel good about the health of the overall portfolio. Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. We have a diverse portfolio across healthcare, industrial, financial services, technology, education and consumer brands. In particular, in the past 15 years Crescent has been the most active private equity manager in healthcare in Australia. And a big driver of that is that the if you look back at the historical left grid balance sheet, theyve historically had a bit higher leverage than us. Robert Dodd: Hi guys. Or is that just a timing? 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 . Acting as a first-mover, we put together innovative financing structures and investment vehicles creating value for our institutional investors. For more information about Crescent Capital Group, please visit www.crescentcap.com. We see several investors trying to strike it rich in options market by risking their entire savings. View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005594/en/, Mendel CommunicationsBill Mendel, +1-212-397-1030bill@mendelcommunications.com. Adjusted net investment income increased 17% to $0.49 per share from $0.42 per share for the quarter ended September 30, 2022. | Shares added by 1.69% iShares Russell 1000. As of December 31, 2022, Crescent Capital Group managed over $40 billion of privately originated debt investments and marketable securities. Our team have over 30 years experience assisting healthcare businesses accelerate growth. 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. This serves to drive growth and performance improvement, accelerating value creation for shareholders. Along the way, I believe Biden could become one of the most powerful Presidents in history. Its also worth highlighting that in January, we upsized our SMBC Corporate Revolving Facility by $35 million to $385 million. We believe an active engagement model is a leading indicator of strong company performance. As of December 31, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30. 2023 PitchBook. 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. As far as the deployment in Q4, it was all normal course getting drawn on unfunded and existing commitments that we had to our portfolio companies. Jason Breaux: Thank you, Dan. Were any of the follow-on was any of the follow-on capital to the portfolio companies to pad out liquidity? Robert Dodd: Got it. Excuse me. Networking We provide expertise and exposure to a network of relevant business contacts. Crescent Capital is a Belfast based venture capital fund manager. 25+ years experience in strategy consulting, investment and business management and public company boards. 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. Turning to Slide 16. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. 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. As of year-end, consistent with the prior quarter, we had investments in four portfolio companies on nonaccrual status, representing 2.0% and 1.2% of our total debt investments at cost and fair value, respectively. Crescent is an alternative asset manager with approximately $40 billion 1 of assets under management and over 210 employees as of December 31, 2022. In our view, our long-term track record of strong credit performance and NAV stability since inception demonstrates the merits of our proven investment process as we work to deliver attractive results to our shareholders. We have just sent you an email so you can verify your account. Investing in the future of finance, education, SaaS, logistics, and more. Crescent Capital is a Belfast based venture capital fund manager We immerse ourselves in your business Experience With our experience and knowledge we can unlock the full potential of your business. Since 1995 Crescent Capital has been supporting and building high-grade venture backed companies in Northern Ireland. Taseko Mines Limited (AMEX:TGB) Q4 2022 Earnings Call Transcript, Smith & Nephew plc (NYSE:SNN) Q4 2022 Earnings Call Transcript. Id now like to turn it over to Henry to discuss our Q4 investment activity. We have seen revenue growth outpace EBITDA or cash flow growth, which we would attribute largely to inflationary pressures and higher wages, labor market tightness and the like. The weighted average stated interest rate on our total borrowings was 6.23% as of year-end. We have raised six funds since 2000 and we are a top quartile manager on global metrics. 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. And we remain well diversified across 18 industries and continue to lend almost exclusively to private equity-backed companies with 98% of our debt portfolio in sponsor-backed companies as of year-end. His investors didnt mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. This situates us well to benefit from increases in base rates above our average floors as is the case this quarter with continued growth in our interest income line item. We initially share this idea in October 2018 and the stock already returned more than 150%. Average Retirement Savings By Age: Are You Normal? The firm seeks to invest in middle-market companies across Australia and New Zealand with a focus on the industrial, financial services, healthcare, consumer brands, technology, and education sectors. Our focus on unitranche opportunities allows us to offer even greater certainty of execution to our private equity sponsors and enables us to enhance our yield opportunity while remaining at the top of the capital stack. In addition to equity capital, partnering with Crescent brings access to deep industry expertise and significant strategy and operational support. 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. There are no further questions at this time. 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. We still like this investment. 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. So lets begin. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. Weve generated significant investment income in the form of fees, dividends and accelerated amortization of OID from the Alcentra portfolio over close to the last two years having realized 136% of our cost basis with approximately $22 million of unrealized value remaining. Focus on Seed and Series A. Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. . The bad news is, this July 25th twist is also likely to make Biden and the progressives more powerful than ever. (310) 235-5900 The Firm believes that these high-yield assets will deliver strong cash-flow focused returns for investors. In addition, a reconciliation of this measure may also be found in our earnings release. While the higher rate environment is certainly beneficial from an earnings perspective, we are also cognizant of the fact that it is generally correlated with a slower U.S. economy which together can create more stress in the portfolio.

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