Crescent Capital BDC (NASDAQ:CCAP) is a closed-end, externally managed business development company that provides flexible financing solutions to middle market companies in the United States. Trading on the Nasdaq under the ticker CCAP, the firm offers investors exposure to a diversified portfolio of debt and equity instruments, targeting businesses with attractive risk-adjusted return profiles. Its primary objective is to generate current income through interest payments and potential capital appreciation via selective equity co-investments.
The company’s investment strategy emphasizes senior secured loans, unsecured second-lien loans, mezzanine debt, as well as preferred and common equity co-investments. Crescent Capital BDC partners with management teams across a variety of industries—including healthcare, business services, consumer products, and industrials—to support growth initiatives, acquisitions, refinancings, and recapitalizations. By applying a disciplined underwriting process, the firm structures financing packages designed to balance downside protection with the potential for enhanced yields.
Crescent Capital BDC is externally managed by Crescent Capital Group, a credit-focused asset manager founded in 1991. With over three decades of experience in private credit and public debt strategies, Crescent Capital Group leverages deep industry expertise and a collaborative investment approach. Its teams are responsible for sourcing originations, conducting due diligence, structuring transactions, and actively monitoring portfolio companies.
Since its initial public offering in 2017, Crescent Capital BDC has aimed to serve as a reliable source of capital for U.S. middle market businesses. Headquartered in Los Angeles, California, the company’s leadership team comprises seasoned professionals with backgrounds in corporate credit, leveraged finance, and private equity. Through its focus on high-quality middle market opportunities, Crescent Capital BDC seeks to deliver attractive, long-term risk-adjusted returns for its shareholders.
