I believe it will make millions of Americans vastly wealthier. Net realizations of $26 million in the fourth quarter, coupled with unrealized mark-to-market losses on our investments ultimately led to our total investment portfolio, holding roughly steady at approximate fair value of $1.3 billion as of December 31, 2022, down approximately $30 million quarter-over-quarter. Your submission has been received! There are no further questions at this time. As a reminder, this call is being recorded for replay purposes. It is ideal for investors looking for capital security.Open to Asia , Europe , America ,and Africa on Investment / Financial Plan Portfolio Office Customer Support Hours: Monday - Sundays 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 . A link has been emailed to you - check your inbox. 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. Please turn to Slide 15 where we highlight our recent activity. Their primary investment focus is with Northern Ireland based companies operating in the information technology, life sciences, and manufacturing sectors. 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. Jason Breaux: Thank you, Dan. 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. As you can see on the left-hand side of the page, over 99% was an existing senior secured first lien and unitranche investments. Crescent Capital Group Closes Eighth Credit Solutions Fund, Raising $8 So, how did Warren Buffett manage to generate high returns and beat the market? The obvious, I mean, how you gave the interest coverage based on year-end rates. Robert Dodd: Hi guys. Robert Dodd: Got it. Next, CBDC Senior Loan Fund, our joint venture was formally dissolved during the fourth quarter after being largely wound down in recent quarters. Mr. Harari brings more than 15 years of investment experience to Crescent Capital. Investing in the future of finance, education, SaaS, logistics, and more. 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. . So lets begin. . 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. Home - Crescent Capital Investments And it means its going to be harder than ever to hold onto any money you make. Crescent Credit Solutions VIII's backers include insurance companies, pension funds, sovereign wealth funds, financial institutions, and multi-employer plans. The weighted average stated interest rate on our total borrowings was 6.23% as of year-end. Please turn to Slide 6, where youll see a summary of our results. 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. We look forward to speaking with you again soon. 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. Video: Cameron Johnson, CEO Nucleus Network. 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. LP investments in high-growth and distressed companies in the United States and abroad. Crescent Capital BDC, Inc. (NASDAQ: CCAP) is a business development company focused on originating and investingin the debt of private middle market companies principally located in the U.S. 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. We have a diverse portfolio across healthcare, industrial, financial services, technology, education and consumer brands. And so on a pro forma combined basis, I think were going to end up sort of right in the middle of our target leverage range that we publicly stated as kind of 1.1 to 1.4. In particular, in the past 15 years Crescent has been the most active private equity manager in healthcare in Australia. We will not be outlining additional details of the transaction on this call today, and we direct any interest investors to the proxy statement that was filed in January. Private Equity Round - Integrity Marketing Group, Gladstone Wealth Partners acquired by Integrity Marketing Group, American Health Plans acquired by Integrity Marketing Group, PHP Agency acquired by Integrity Marketing Group, Compass Group Insurance acquired by Integrity Marketing Group, Richman Insurance Agency acquired by Integrity Marketing Group, Investor, Startup, Company or School that the hub is based on, Total number of organizations associated with this hub, Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Total number of for-profit companies in this hub, Last Funding Round type of organizations in the hub (e.g. For more information about Crescent. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Crescent Capital Group is a global alternative investment firm focused on below investment grade credit markets with primary strategies that include funds that invest in leveraged loans, high-yield bonds, mezzanine debt, special situations, and distressed securities. 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. We have a track record of expanding Australian businesses into Asia with over 50% of portfolio companies having an Asian presence. We have a large internal team which helps accelerate a portfolio company management teams decision making. The in house depth and breadth of consulting and operating skill sets provides support for portfolio companies to achieve their potential. Mr. Harari added, "Crescent has a multi-decade history of outstanding team continuity and investment focus in both public and private credit. After that, there are no remaining term maturities until 2026. Gerhard Lombard: Thanks, Henry, and good morning, everyone. Before we begin, Ill start with some important reminders. bdcir@crescentcap.com. 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. Gross deployment in the fourth quarter was $46 million. An investor who invested $10,000 in Warren Buffetts hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor). 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. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. 2023 Crescent Capital Investments If you experience any issues with this process, please contact us for further assistance. 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. Venture Capital Portfolio Venture Capital Portfolio. Information on investments, active portfolio, exits, fund performance, dry powder, team and co-investors for Crescent Capital. We attributed the bulk of the quarters NAV decline to widening credit spreads. For the year ended December 31, 2022, the Company invested $308.0 million across 20 new portfolio companies, 31 existing portfolio companies and several follow-on revolver and delayed draw fundings. Crescent is an alternative asset manager with approximately $40 billion 1 of assets under management and over 210 employees as of December 31, 2022. From cross portfolio introductions and business development, provision of consulting style support on key projects, through to assisting portfolio companies through major strategic change, the Crescent investment team has a unique blend of high end consulting and operational skill sets to support the investee companies. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Thank you, operator. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Do you expect to be running on a combined basis going forward? Wed like to thank all of you for your continued support and time today. Jason Breaux: Sure. Realized gains and losses, we believe, is a more important metric in grading our performance than unrealized gains and losses, which has meaningfully less impact on our longer-term results. Register now to read this article and more for free. Crescent is an alternative asset manager with approximately $40 billion1of assets under management and over 210employees as of December 31,2022. (310) 235-5900 Discover more about our company and values. This is basically a recipe to generate better returns than Warren Buffett is achieving himself. I think you said something to the effect of the portfolio companies have adequate liquidity, and in some cases, its been addressed or something like that. Get the full list, Morningstar Institutional Equity Research. As you can guess, Warren Buffetts #1 wealth building strategy is to generate high returns in the 20% to 30% range. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their. 30+ years experience in operating roles and M&A, 20+ years in healthcare sector including private equity investments, 20 years experience in strategy consulting, private equity and banking, 25+ years experience in financial management and accounting, 15 years experience in strategy consulting and private equity. We have consistently been able to deliver significant value-add alongside our management teams. A couple of reminders as it relates to the transaction. Which companies in this hub have the most subsidiaries? Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. Which investors participated in the most funding rounds within this hub? 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. Every year we ask all of our executives the question Would you recommend working with Crescent to a friend or colleague? 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 . You can enter your email below to get our FREE report. Private Credit | Sun Life Capital Management Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties. And with that, Id like to turn it back to Jason for closing remarks. Crescent Capital is a Belfast based venture capital fund manager. We initially share this idea in October 2018 and the stock already returned more than 150%. Based in New York, Mr. Harari is responsible for developing and executing Crescents strategic sales and marketing plan for clients and assets, including identifying potential new investors, developing and maintaining client relationships, designing new investment solutions and managing Crescents investor relations and client solutions team. Id now like to turn it over to Henry to discuss our Q4 investment activity. Stock Market | Pittsburgh Post-Gazette Guidance Speaking on todays call will be CCAPs President and Chief Executive Officer; Jason Breaux; Chief Financial Officer, Gerhard Lombard; and Managing Director, Henry Chung. Terms & Conditions 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. One, the Boards of Directors of Crescent BDC and First Eagle BDC have each unanimously approved the transaction. The Crescent Capital IV Development Fund was launched amid much fanfare 18 months ago to build on the success of forerunner funds, from which some of Northern Ireland's most exciting. Crescent Capital Partners | Private Equity Firm in Sydney Australia Operator: Thank you. With that, Id now like to turn it over to Jason. We still like this investment. 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. As of December 31, we managed our debt-to-equity ratio down to 1.08x from 1.11x at September 30. What's the most common types of sub-organization? Along the way, I believe Biden could become one of the most powerful Presidents in history. Crescent Capital is a Belfast based venture capital fund manager Investors in our funds include both domestic and international pension funds and endowments. Crescent Capital Consulting, LLC Buys iShares TIPS Bond ETF - Yahoo! | At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. Crescent wraps up eighth private credit fund at $8bn | PE Hub Crescent Capital is an independent private equity and asset management firm with a focus on energy and infrastructure investments in Turkey and surrounding regions. With that, I will now turn it over to Gerhard. 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. This video is provided by the Australian Investment Council. Read More Portfolio See our recent purchases and offers. Crescent has an active partnership ethos, which is a highly structured and disciplined approach to portfolio management and hands-on value creation. The foundation of our success is the working relationship we have with the business owners and leadership teams we partner with. Earnings Call TranscriptNASDAQ:CCAPQ4 2022, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. Operator: Ladies and gentlemen, this does conclude our conference call for today. Our adjusted net investment income per share of $0.49 for the fourth quarter of 2022 compares to $0.42 per share for the prior quarter and $0.43 per share for the fourth quarter of 2021. Im on Slide 19. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. Its also worth highlighting that in January, we upsized our SMBC Corporate Revolving Facility by $35 million to $385 million. At Crescent Capital, we invest in debt securities at all levels of a companys capital structure. Active vs. Click 2023 Crescent Capital Group LP. Crescent Capital - Investing in the future Get our editors daily picks straight in your inbox! To reiterate Henrys comments, we prioritize delevering during Q4 in advance of the close of the First Eagle acquisition. Crescent has achieved strong success in Financial Services, with expertise in creating value through organic growth, acquisitions and geographical expansion into Asia. We believe an active engagement model is a leading indicator of strong company performance.
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