Crescent Capital BDC (NASDAQ: CCAP) is a closed-end, externally managed business development company that provides customized debt financing solutions to middle-market corporate issuers. Since commencing operations in 2012, the company has focused on delivering senior secured loans, second-lien facilities, mezzanine debt and equity co-investments across a broad array of industries. Its investment strategy emphasizes flexible capital structures designed to support growth, refinancing, acquisitions and recapitalizations for companies typically generating annual revenues between $50 million and $1 billion.
The firm’s portfolio spans sectors such as healthcare, business services, consumer products, energy, financial services and industrials. Crescent Capital BDC seeks to originate and participate in attractive credit opportunities in both unitranche and traditional loan formats, often collaborating with sponsor-backed and privately held businesses. While the majority of investments are focused on U.S.-based issuers, the company has selectively pursued opportunities in Canada and Western Europe, leveraging local expertise through its Dublin-based affiliate to execute cross-border transactions effectively.
Crescent Capital BDC is managed by Crescent Capital Group, a subsidiary of Neuberger Berman and a leading global credit investment firm founded in the early 1990s. The management team comprises seasoned investment professionals with extensive experience in structuring and underwriting leveraged credit transactions. Headquartered in Los Angeles with offices in New York, London and Dublin, the company is governed by an independent board of directors that oversees risk management, corporate governance and strategic direction. Through its established platform and deep industry relationships, Crescent Capital BDC aims to provide reliable financing solutions while generating income and total return for its shareholders.
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