Crescent Capital BDC Inc., also known as Crescent BDC, is an influential and innovative business development company that operates as a closed-end, externally managed, non-diversified management investment corporation. The company trades under the symbol 'CCAP' and is listed on the NASDAQ exchange.
Crescent BDC was first established in 2015 and is managed by Crescent Cap Advisors, a leading alternative investment firm with substantial experience and expertise in the control and non-control investment sectors. The firm, which has been in operation for over 25 years, handles assets valued at over $28 billion and boasts a team of seasoned professionals in its management wing, with industry experiences ranging from years to decades.
CCAP focuses primarily on generating current income and capital appreciation through investments in secured debt (including senior secured loans and junior secured loans) and unsecured debt, as well as equity investments. These targets are mainly lower middle market and middle-market companies that operate in a broad range of industries and are seeking capital for growth, acquisitions, recapitalizations, and buyouts.
Crescent Capital BDC Inc operates with flexibility, agility, and a disciplined investment strategy, seeking to invest mainly in first lien senior secured loans and, to a lesser extent, second lien senior secured loans. The firm's key consideration before sealing a deal is whether the transaction can add value to its diversified investment portfolio.
CCAP is revered for its strategic and calculated moves, as well as highly-skilled managerial workforces. The firm leverages the broad market reach, industry knowledge, origination capabilities and investment experience of its team members and investment advisor to identify attractive investment opportunities.
Additionally, CCAP boasts strong, transparent corporate governance, demonstrating its dedication to maintaining the trust of its shareholders, clients, and stakeholders. It follows rigorous underwriting standards that ensure it upholds the highest ethical standards in all of its investment decisions.
In sum, Crescent Capital BDC, Inc. represents a crucial player in the business development sector. It continues to make significant strides in its investment portfolio and plays a pivotal role in capital market ecosystem development by providing middle market companies with essential access to capital.