Portfolio Diversification and Stability
Crescent Capital BDC ended the quarter with over $1.6 billion of investments across a diversified portfolio of 191 companies, maintaining a focus on first lien loans which constitute 91% of the portfolio. The diversification helps mitigate the impact of one-off credit events.
Dividend Consistency
Crescent Capital declared a second quarter 2025 regular dividend of $0.42 per share and a special dividend of $0.05 per share. The company has consistently earned its dividends since inception, marking the 37th consecutive quarter of regular dividend earnings.
Strong Sponsor Backing
99% of Crescent Capital's debt portfolio is in sponsor-backed companies. The portfolio is supported by well-capitalized private equity sponsors, ensuring a weighted average loan-to-value of 39%.
Attractive New Investments
Gross deployment in Q1 totaled $105 million, with 98% in first lien investments. New investments have a weighted average spread of 565 basis points, reflecting attractive opportunities.
Capitalization and Liquidity Management
Crescent Capital adjusted its SPV asset facility from $500 million to $400 million, reducing the spread by 50 basis points, which helps minimize interest expenses.