Crescent Capital BDC, Inc

CCAP, FCRXCIK 0001633336Crescent Capital

Crescent Capital BDC, Inc. (CCAP, FCRX) is a non-traded business development company advised by Crescent Capital. With $1.6 billion in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 99% in first-lien senior secured loans and 96% floating-rate, at a weighted-average spread of 545 bps over the base rate. Its largest sector exposure is Health Care (25% of holdings).

NAV/Share

$19.10

AUM

$1.6B

Positions

577

Strategy

Private Credit

Wtd. Avg. Coupon

9.1%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

3.4 yrs

93% coverage

Top 10 Concentration

13.5%

Instrument type

Share of portfolio fair value

First Lien

92%

of fair value

First Lien Senior Loans92.1%

Second Lien Loans0.2%

Unsecured Loans1.2%

Equity4.5%

Fund Vehicles0.1%

Other1.9%

Industry exposure

Share of holdings fair value

Top 5

90%

of holdings

Health Care25.1%

Information Technology13.7%

Industrials7.2%

Other4.5%

Consumer Discretionary4.4%

Financials2.7%

Communication Services2.5%

Consumer Staples0.3%

Energy0.2%

Unknown39.4%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.

Risk & Credit Indicators

PIK in Terms

9.8%