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Crescent Capital BDC, Inc. specializes in lending to middle-market companies through secured and unsecured debt investments.
Crescent Capital BDC, Inc. is a specialty finance company that primarily focuses on lending to middle-market companies. As a Business Development Company (BDC) regulated under the Investment Company Act of 1940, and as a regulated investment company (RIC) for tax purposes, the company is required to invest at least 70% of its assets in qualifying assets. It primarily invests in secured and unsecured debt instruments, including first lien, second-lien, mezzanine, and subordinated debt, as well as equity interests in private U.S. middle-market companies. The investment strategy emphasizes capital preservation through careful credit selection and risk mitigation, targeting companies with strong fundamentals and often backed by private equity sponsors needing capital for growth and acquisitions.
The company leverages the expertise of its adviser, Crescent Cap Advisors, which provides access to established origination channels and deep industry knowledge. Through strategic acquisition and investment in the middle-market, Crescent Capital aims to generate returns for its shareholders in the form of income and capital appreciation. With a focus on direct origination of loans to companies that exhibit favorable cash flow and competitive positioning, Crescent Capital is positioned to capitalize on the lending needs of middle-market businesses, especially as traditional lenders divert focus to larger corporate clients.
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