Crescent Capital BDC, Inc.CCAP
What Crescent Capital BDC, Inc. does.
We are a specialty finance company focused on lending to middle-market companies. We are incorporated under the laws of the State of Maryland. We were listed and began trading on the NASDAQ stock exchange on February 3, 2020. We have elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940 (“1940 Act”). In addition, we have elected to be treated for U.S. federal income tax purposes as a regulated investment company (a “RIC”) under Subchapter M of the Internal Revenue Code of 1986 (the “Code”). As such, we are required to comply with various regulatory requirements, such as the requirement to invest at least 70% of our assets in “qualifying assets,” source of income limitations, asset diversification requirements, and the requirement to distribute annually at least 90% of our taxable income and tax-exempt interest.
Our investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation through debt and related equity investments. We invest primarily in secured debt (including first lien, unitranche first lien, and second-lien debt) and unsecured debt (including mezzanine and subordinated debt), as well as related equity securities of private U.S. middle-market companies. We may purchase interests in loans or make debt investments, either (i) directly from our target companies as primary market or private credit investments (i.e., private credit transactions), or (ii) primary or secondary market bank loan or high yield transactions in the broadly syndicated “over-the-counter” market (i.e., broadly syndicated loans and bonds). Although our focus is to invest in less liquid private credit transactions, we may from time to time invest in more liquid broadly syndicated loans to complement our private credit transactions.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net income | $54.7M | $83.6M | $15.5M | $83.8M | $73.6M | $34.5M |
More on CCAP.
- Crescent Capital BDC, Inc. summary
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- Crescent Capital BDC, Inc. key metrics
- Crescent Capital BDC, Inc. health scores and style box
- Crescent Capital BDC, Inc. earnings
- Crescent Capital BDC, Inc. dividends
- Crescent Capital BDC, Inc. valuation
- Crescent Capital BDC, Inc. ownership and insiders
- Crescent Capital BDC, Inc. peers
Figures from Crescent Capital BDC, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.