CCAP on Nasdaq
Crescent Capital BDC, Inc.
Corporation registered in the United States, active since 20192
In its 2026 annual report the company says: “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.”11 It is headquartered in Lutherville, United States.2 Its shares trade on Nasdaq under the symbol CCAP.2
Price unavailable
Last updated Oct 21, 2026.
Overview
- TickerCCAP on Nasdaq2
- HeadquartersLutherville, United States2
- Incorporated inMD3
- Business address11100 Santa Monica Blvd., Suite 2000, Los Angeles, Ca 900253
- Filer categoryAccelerated filer3
- Legal formStock Corporation2
- LEI549300VPIZMU6OEE0V682
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O COGENCY GLOBAL INC., 21093 Lutherville, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D199337462
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 5 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Paid-in-kind interest | $10.6M | $10.9M | $3.9M | ||
| Total investment income | $167.3M | $197.4M | $184.1M | ||
| Interest and other debt financing costs | $57.4M | $62.8M | $58.7M | ||
| Management fees | $20.3M | $20.2M | $19.6M | ||
| Income based incentive fees | $14.2M | $18.9M | $17.5M | ||
| Professional fees | $2.8M | $2.0M | $1.6M | ||
| Directors fees | $645.0K | $618.0K | $600.0K | ||
| Other general and administrative expenses | $3.4M | $2.6M | $2.8M | ||
| Total expenses | $98.8M | $107.0M | $100.8M | ||
| Management fees waiver | -$53.0K | -$125.0K | -$190.0K | ||
| Income based incentive fees waiver | -$90.0K | -$145.0K | -$276.0K | ||
| Net expenses | $98.7M | $106.8M | $100.3M | ||
| Net investment income before taxes | $68.6M | $90.6M | $83.8M | ||
| Provision for income and excise taxes | $1.7M | $1.6M | $1.3M | ||
| Net investment income | $66.9M | $89.0M | $82.5M | ||
| Foreign currency transactions | -$147.0K | -$1.2M | -$1.4M | ||
| Net realized and unrealized gains (losses) on investments | -$32.4M | -$15.8M | $263.0K | ||
| Benefit (provision) for taxes on realized gain on investments | $0 | $132.0K | |||
| Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments | $0 | $464.0K | $901.0K | ||
| Net increase (decrease) in net assets resulting from operations | $34.5M | $73.6M | $83.8M | ||
| Net increase (decrease) in net assets resulting from operations per common share-basic | $0.93 | $1.99 | $2.33 | ||
| Net increase (decrease) in net assets resulting from operations per common share-diluted | $0.93 | $1.99 | $2.33 | ||
| Net investment income per share (basic): | $1.81 | $2.40 | $2.30 | ||
| Net investment income per share (diluted): | $1.81 | $2.40 | $2.30 | ||
| Weighted average shares outstanding (basic): | 37.0M shares | 37.1M shares | 35.9M shares | 30.9M shares | 28.5M shares |
| Weighted average shares outstanding (diluted): | 37.0M shares | 37.1M shares | 35.9M shares | 30.9M shares | 28.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 15 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Investments, at fair value | $1.6B | $1.6B | |||
| Cash and cash equivalents | $5.0M | $10.1M | |||
| Restricted cash and cash equivalents | $26.5M | $29.3M | |||
| Interest and dividend receivable | $9.3M | $11.0M | |||
| Receivable from unsettled transactions | $8.0M | $1.2M | |||
| Unrealized appreciation on foreign currency forward contracts | $2.1M | $4.8M | |||
| Deferred tax assets | $190.0K | $746.0K | |||
| Other assets | $1.5M | $263.0K | |||
| Total assets | $1.6B | $1.7B | |||
| Debt (net of deferred financing costs of $5,841 and $8,214, respectively) | $873.8M | $875.8M | |||
| Distributions payable | $15.5M | $15.6M | |||
| Interest and other debt financing costs payable | $12.4M | $10.4M | |||
| Management fees payable | $5.0M | $5.1M | |||
| Incentive fees payable | $3.5M | $4.3M | |||
| Deferred tax liabilities | $190.0K | $746.0K | |||
| Unrealized depreciation on foreign currency forward contracts | $2.1M | ||||
| Accrued expenses and other liabilities | $3.6M | $3.7M | |||
| Total liabilities | $916.1M | $915.6M | |||
| Common stock, par value $0.001 per share (200,000,000 shares authorized, 36,969,285 and 37,061,547 shares issued and outstanding, respectively) | $37.0K | $37.0K | |||
| Paid-in capital in excess of par value | $957.0M | $959.1M | |||
| Accumulated earnings (loss) | -$251.0M | -$218.5M | |||
| Total net assets | $706.0M | $740.6M | |||
| Total liabilities and net assets | $1.6B | $1.7B | |||
| Net asset value per share | $19.10 | $19.28 | $19.55 | $19.62 | $19.98 |
| Investments, at cost | $1.6B | $1.6B | |||
| Deferred financing costs, net | $5.8M | $8.2M | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, authorized | 10.0K shares | 10.0K shares | |||
| Preferred stock, outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, authorized | 200.0M shares | 200.0M shares | |||
| Common stock, issued | 37.0M shares | 37.1M shares | |||
| Common stock, outstanding | 37.0M shares | 37.1M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investments, at fair value | $1.6B | $1.6B | |||||||||||||
| Cash and cash equivalents | $5.0M | $10.1M | |||||||||||||
| Restricted cash and cash equivalents | $26.5M | $29.3M | |||||||||||||
| Interest and dividend receivable | $9.3M | $11.0M | |||||||||||||
| Receivable from unsettled transactions | $8.0M | $1.2M | |||||||||||||
| Unrealized appreciation on foreign currency forward contracts | $2.1M | $4.8M | |||||||||||||
| Deferred tax assets | $190.0K | $746.0K | |||||||||||||
| Other assets | $1.5M | $263.0K | |||||||||||||
| Total assets | $1.6B | $1.7B | |||||||||||||
| Debt (net of deferred financing costs of $5,841 and $8,214, respectively) | $873.8M | $875.8M | |||||||||||||
| Distributions payable | $15.5M | $15.6M | |||||||||||||
| Interest and other debt financing costs payable | $12.4M | $10.4M | |||||||||||||
| Management fees payable | $5.0M | $5.1M | |||||||||||||
| Incentive fees payable | $3.5M | $4.3M | |||||||||||||
| Deferred tax liabilities | $190.0K | $746.0K | |||||||||||||
| Unrealized depreciation on foreign currency forward contracts | $2.1M | ||||||||||||||
| Accrued expenses and other liabilities | $3.6M | $3.7M | |||||||||||||
| Total liabilities | $916.1M | $915.6M | |||||||||||||
| Common stock, par value $0.001 per share (200,000,000 shares authorized, 36,969,285 and 37,061,547 shares issued and outstanding, respectively) | $37.0K | $37.0K | |||||||||||||
| Paid-in capital in excess of par value | $957.0M | $959.1M | |||||||||||||
| Accumulated earnings (loss) | -$251.0M | -$218.5M | -$223.3M | ||||||||||||
| Total net assets | $706.0M | $740.6M | $742.6M | $612.5M | |||||||||||
| Total liabilities and net assets | $1.6B | $1.7B | |||||||||||||
| Net asset value per share | $19.10 | $19.28 | $19.55 | $19.62 | $19.98 | $20.20 | $20.30 | $20.28 | $20.04 | $19.70 | $19.58 | $19.38 | $19.83 | $21.12 | $19.88 |
| Investments, at cost | $1.6B | $1.6B | |||||||||||||
| Deferred financing costs, net | $5.8M | $8.2M | |||||||||||||
| Preferred stock, par value | $0.00 | $0.00 | |||||||||||||
| Preferred stock, authorized | 10.0K shares | 10.0K shares | |||||||||||||
| Preferred stock, outstanding | 0 shares | 0 shares | |||||||||||||
| Common stock, par value | $0.00 | $0.00 | |||||||||||||
| Common stock, authorized | 200.0M shares | 200.0M shares | |||||||||||||
| Common stock, issued | 37.0M shares | 37.1M shares | |||||||||||||
| Common stock, outstanding | 37.0M shares | 37.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | $34.5M | $73.6M | $83.8M |
| Purchases of investments | -$306.9M | -$395.0M | -$200.7M |
| Paid-in-kind interest income | -$10.6M | -$10.9M | -$3.9M |
| Proceeds from sales of investments and principal repayments | $334.8M | $371.1M | $231.2M |
| Net realized (gain) loss on investments and foreign currency transactions | $10.6M | $12.3M | $14.5M |
| Acquisition of First Eagle Alternative Capital BDC, Inc., net of cash acquired | -$15.0M | ||
| Net change in unrealized (appreciation) depreciation on investments and foreign currency translation | $16.3M | $11.9M | -$16.1M |
| Net change in unrealized (appreciation) depreciation on foreign currency forward contracts | $4.8M | $229.0K | $3.0M |
| Amortization of premium and accretion of discount, net | -$6.9M | -$8.8M | -$7.3M |
| Amortization of deferred financing costs | $3.4M | $2.4M | $2.1M |
| (Increase) decrease in receivable for unsettled transactions | -$6.9M | -$912.0K | -$246.0K |
| (Increase) decrease in interest and dividend receivable | $1.7M | $3.0M | -$4.1M |
| (Increase) decrease in deferred tax asset | $556.0K | -$632.0K | -$23.0K |
| (Increase) decrease in other assets | -$1.3M | $1.1M | $3.3M |
| Increase (decrease) in management fees payable | -$29.0K | $40.0K | $970.0K |
| Increase (decrease) in incentive fees payable | -$837.0K | -$465.0K | $1.7M |
| Increase (decrease) in directors' fees payable | -$151.0K | ||
| Increase (decrease) in interest and other debt financing costs payable | $2.0M | -$492.0K | $2.4M |
| Increase (decrease) in deferred tax liability | -$556.0K | $168.0K | -$321.0K |
| Increase (decrease) in payable for investment purchased | $0 | -$514.0K | |
| Increase (decrease) in accrued expenses and other liabilities | -$99.0K | $260.0K | -$2.4M |
| Net cash provided by (used for) operating activities | $74.7M | $58.9M | $92.3M |
| Issuance of unsecured debt | $115.0M | $50.0M | |
| Repayment of unsecured debt | -$50.0M | ||
| Repurchases of common stock | -$1.3M | ||
| Deferred financing and debt issuance costs paid | -$1.1M | -$3.4M | -$3.9M |
| Distributions paid | -$67.8M | -$75.2M | -$64.5M |
| Borrowings on credit facilities | $397.4M | $347.4M | $498.5M |
| Repayments on credit facilities | -$524.8M | -$312.2M | -$515.0M |
| Net cash provided by (used for) financing activities | -$82.5M | -$43.5M | -$85.0M |
| Effect of exchange rate changes on cash denominated in foreign currency | -$111.0K | -$485.0K | $92.0K |
| Net increase (decrease) in cash, cash equivalents, restricted cash and foreign currency | -$7.9M | $15.0M | $7.4M |
| Cash paid during the period for interest | $52.0M | $60.4M | $55.5M |
| Cash paid during the period for taxes | $1.6M | $1.3M | $665.0K |
| Accrued but unpaid distributions | $15.5M | $15.6M | $15.2M |
| Issuance of shares in connection with asset acquisition (Note 13) | $91.3M | ||
| Deemed contribution from the Adviser (non-cash) (Note 13) | $22.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Crescent Capital BDC, Inc. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Crescent Capital BDC, Inc.
- Texas County & District Retirement System Filed SCHEDULE 13G/A on Crescent Capital BDC, Inc., latest Feb 12, 2026 (5 filings since Jan 25, 2022)
- UFCW-Northern California Employers Joint Pension Plan Filed SCHEDULE 13G/A on Crescent Capital BDC, Inc., latest Aug 19, 2025 (2 filings since Aug 13, 2025)
- Blackstone Holdings I L.P. Filed SCHEDULE 13G on Crescent Capital BDC, Inc., latest Aug 14, 2025
- Karpus Management, Inc. Filed SCHEDULE 13G/A on Crescent Capital BDC, Inc., latest May 14, 2025 (2 filings since Feb 13, 2024)
- Sun Life Assurance Co of Canada Filed SC 13G on Crescent Capital BDC, Inc., latest Nov 26, 2024
- Sun Life Financial Filed SC 13G on Crescent Capital BDC, Inc., latest Nov 26, 2024
- FAIRFAX FINANCIAL HOLDINGS LTD/ CAN Filed SC 13G/A on Crescent Capital BDC, Inc., latest Apr 10, 2024 (3 filings since Feb 14, 2022)
- Crescent Capital BDC, Inc. Lutherville, Maryland, United States
- CBDC Universal Equity, Inc. Subsidiary · Delaware, United States
- CCAP CA Lending LLC Subsidiary · Delaware, United States
- Crescent Capital BDC Funding, LLC Subsidiary · Delaware, United States
- First Eagle OEMG Investor, Inc. Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Crescent Capital BDC, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
Properties, in its own words
We maintain our principal executive office at 11100 Santa Monica Boulevard, Suite 2000, Los Angeles, California 90025. We do not own any real estate.
Item 2 of the 10-K filed Feb 25, 2026.11
Leadership
Who has led Crescent Capital BDC, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
20202025
- Chief executive officerJason Breaux May 7, 2015 to now12
- ChairJohn S. Bowman May 7, 2015 to May 7, 201513
- PresidentHenry Chung Feb 22, 2024 to now14
- PresidentJason Breaux Mar 2, 2022 to Dec 5, 202315
- PresidentJonathan R. Insull May 7, 2015 to Feb 23, 202116
- Chief financial officerGerhard Lombard Oct 11, 2019 to now17
- Chief financial officerMike Wilhelms May 7, 2015 to May 7, 201518
Board members and other officers (11)
- Senior Vice PresidentErik G. Barrios Feb 24, 2022 to now19
- ControllerKirill Bouek Mar 26, 2020 to now20
- Senior Vice PresidentRaymond Barrios May 26, 2017 to now21
- SecretaryGeorge Hawley May 7, 2015 to now22
- Chief Compliance OfficerJoseph Hanlon May 7, 2015 to May 13, 202223
- Board memberJason Breaux May 21, 2026 to now24
- Board memberHenry Chung May 22, 2026 to now25
- Board memberElizabeth Ko Aug 3, 2022 to Aug 3, 202226
- Board memberKathleen S. Briscoe Dec 26, 2019 to Dec 26, 201927
- Board memberGeorge G. Strong Jr. May 7, 2015 to now28
- Board memberSteven F. Strandberg May 7, 2015 to now29
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- CBDC Universal Equity, Inc. Delaware4
- CCAP CA Lending LLC Delaware4
- Crescent Capital BDC Funding, LLC Delaware4
- First Eagle OEMG Investor, Inc. Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 10, 20268-K Results of operations30
- Jul 1, 20268-K Other events31
- Jun 24, 20268-K New debt or obligation32
- May 27, 20268-K Entered a material agreement; Other events33
- May 18, 20268-K Shareholder vote34
- May 13, 20268-K Results of operations35
- May 8, 20268-K Executive or director change36
- Mar 9, 20268-K Other events37
- Feb 25, 20268-K Results of operations38
- Nov 12, 20258-K Results of operations39
- Nov 3, 20258-K Entered a material agreement; New debt or obligation40
- Aug 13, 20258-K Results of operations41
- Sep 10, 2019Founded Crescent Capital BDC, Inc. is founded2
- May 7, 2015New chief executive Jason Breaux becomes CEO12
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.46 a share, on Nov 12, 2025.42
- Nov 30, 2026Dividend Ex-dividend; $0.03 a share; paid 2026-12-15.43
When it reported results
- Aug 10, 2026Reported quarterly or annual results30
- May 13, 2026Reported quarterly or annual results35
- Feb 25, 2026Reported quarterly or annual results38
- Nov 12, 2025Reported quarterly or annual results39
- Aug 13, 2025Reported quarterly or annual results41
- May 14, 2025Reported quarterly or annual results44
- Feb 19, 2025Reported quarterly or annual results45
- Nov 12, 2024Reported quarterly or annual results46
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
223 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 48 major events, 80 insider forms, 15 large holders, 59 other. The latest 20:
- Oct 13, 202640-APP/A APPLICATIONS UNDER THE INVESTMENT COMPANY ACT OTHER THAN THOSE REVIEWED BY OFFIC EDGAR
- Sep 9, 20264 PRIMARY DOCUMENT EDGAR
- Sep 8, 20264 PRIMARY DOCUMENT EDGAR
- Sep 4, 2026144 EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 1, 20264 PRIMARY DOCUMENT EDGAR
- Aug 28, 20264 PRIMARY DOCUMENT EDGAR
- Aug 26, 20264 PRIMARY DOCUMENT EDGAR
- Aug 21, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 10, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 3, 202640-APP/A 40-APP, AMENDMENT EDGAR
- Jul 1, 20268-K EDGAR
- Jun 24, 20268-K EDGAR
- May 27, 20268-K EDGAR
- May 26, 202625-NSE EDGAR
- May 22, 20264 EDGAR
- May 21, 20264 EDGAR
- May 20, 20264 PRIMARY DOCUMENT EDGAR
The 223 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
61 open-market trades by officers, directors and large owners since October 2021: 27 buys and 34 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 9, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 139,054 | $10.23 | $1.4M | Form 4 |
| Sep 8, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 126,436 | $10.33 | $1.3M | Form 4 |
| Sep 4, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 10,471 | $10.39 | $108.8K | Form 4 |
| Sep 3, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 5,011 | $10.34 | $51.8K | Form 4 |
| Sep 2, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 45,000 | $10.44 | $469.8K | Form 4 |
| Sep 1, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 11,285 | $10.50 | $118.5K | Form 4 |
| Aug 31, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 40,000 | $10.62 | $424.8K | Form 4 |
| Aug 28, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 15,000 | $10.60 | $159.0K | Form 4 |
| Aug 27, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 27,195 | $10.60 | $288.3K | Form 4 |
| Aug 26, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 32,091 | $10.60 | $340.2K | Form 4 |
| Aug 25, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 40,000 | $10.74 | $429.6K | Form 4 |
| Aug 24, 2026 | FIDELITY & GUARANTY LIFE INSURANCE CO10% owner | Sale | 33,457 | $10.72 | $358.7K | Form 4 |
| Aug 19, 2026 | Chung HenryPresident | Buy | 2,500 | $10.89 | $27.2K | Form 4 |
| Aug 19, 2026 | Lombard GerhardChief Financial Officer | Buy | 2,000 | $10.91 | $21.8K | Form 4 |
| May 21, 2026 | Chung HenryPresident | Buy | 4,500 | $11.45 | $51.5K | Form 4 |
| May 20, 2026 | Breaux JasonChief Executive Officer | Buy | 5,000 | $11.19 | $56.0K | Form 4 |
| May 19, 2026 | Strandberg Steven F.Director | Buy | 85,000 | $11.28 | $958.8K | Form 4 |
| May 18, 2026 | Lombard GerhardChief Financial Officer | Buy | 1,000 | $11.12 | $11.1K | Form 4 |
| Nov 17, 2025 | Lombard GerhardChief Financial Officer | Buy | 2,000 | $13.34 | $26.7K | Form 4 |
| Aug 28, 2025 | Bouek KirillController | Buy | 200 | $15.67 | $3.1K | Form 4 |
All 61 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- County &. District Retirement System TexasSCHEDULE 13G/A, 5 filings Jan 25, 2022 to Feb 12, 202647
- California Employers Joint Pension Plan Ufcw-NorthernSCHEDULE 13G/A, 2 filings Aug 13, 2025 to Aug 19, 202548
- Blackstone Holdings I L.P.SCHEDULE 13G, 1 filing Aug 14, 202549
- Karpus Management, Inc.SCHEDULE 13G/A, 2 filings Feb 13, 2024 to May 14, 202550
- Sun Life Assurance Co of CanadaSC 13G, 1 filing Nov 26, 202451
- Sun Life FinancialSC 13G, 1 filing Nov 26, 202452
- FAIRFAX FINANCIAL HOLDINGS LTD/ CANSC 13G/A, 3 filings Feb 14, 2022 to Apr 10, 202453
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 84. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Texas County & District Retirement System | 5,001,752 | $54.6M | 100.0% | No change |
| Fidelity National Financial, Inc. | 4,205,307 | $45.9M | 1.5% | No change |
| Blackstone Inc. | 4,205,306 | $45.9M | 0.2% | −1 |
| Ares Management LLC | 1,088,183 | $11.9M | 0.5% | +541,774 |
| Invesco Ltd. | 1,000,313 | $10.9M | 0.0% | −28,653 |
| Rivernorth Capital Management, LLC | 702,796 | $7.7M | 0.4% | New |
| North Ground Capital | 520,800 | $5.7M | 6.8% | +181,893 |
| UBS Group AG | 501,743 | $5.5M | 0.0% | +146,135 |
| Mariner, LLC | 441,119 | $4.8M | 0.0% | −22,246 |
| Bulldog Investors, LLP | 437,177 | $4.8M | 1.0% | −19,778 |
| Russell Investments Group, Ltd. | 432,866 | $4.7M | 0.0% | +140,635 |
| Almitas Capital LLC | 356,905 | $3.9M | 0.9% | No change |
| Focus Partners Wealth | 299,198 | $3.3M | 0.0% | −68,387 |
| Condor Capital Management | 279,959 | $3.1M | 0.2% | −65,867 |
| Aspen Grove Capital, LLC | 319,072 | $3.0M | 0.4% | +49,220 |
| Callodine Capital Management, LP | 191,958 | $2.1M | 0.1% | +71,958 |
| Wells Fargo & Company/mn | 188,147 | $2.1M | 0.0% | −2,331 |
| Van Eck Associates Corp | 165,366 | $1.8M | 0.0% | +5,936 |
| Cerberus Capital Management, L.P. | 160,000 | $1.7M | 0.1% | No change |
| Muzinich & Co., Inc. | 155,186 | $1.7M | 0.6% | +1,904 |
| Sumitomo Mitsui Trust Group, Inc. | 152,822 | $1.7M | 0.0% | No change |
| HighTower Advisors, LLC | 129,484 | $1.4M | 0.0% | +9,286 |
| Two Sigma Investments, LP | 125,400 | $1.4M | 0.0% | −178,154 |
| BlackRock, Inc. | 124,618 | $1.4M | 0.0% | −3,090 |
| Raymond James Financial Inc | 112,745 | $1.2M | 0.0% | −51,050 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Crescent Capital BDC, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCrescent Capital BDC, Inc.1
- CIK0001633336
- Employer ID (EIN)47-316228211
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company11
- Incorporated inMaryland11
- Fiscal year endsDecember 311
- Business address11100 Santa Monica Blvd., Suite 2000, Los Angeles, CA 900251
- Phone310-235-59711
- Shares outstanding36,845,952 as of Aug 10, 202610
- Public float$346.9M as of Jun 30, 202511
- AuditorErnst & Young LLP, Los Angeles, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting11
- On EDGAR sinceFeb 19, 20151
- Filings540 in all: 4 (143), 8-K (112), 5 (39), 10-Q (34), SC 13G/A (25), 3 (24), CORRESP (20), 40-17G (12)1
All 48 form types
40-APP/A (12), DEF 14A (12), 10-K (11), DEFA14A (11), 425 (10), SC 13G (9), 40-APP (6), N-2/A (5), SCHEDULE 13G/A (5), PRE 14A (4), EFFECT (3), 10-12G/A (2), 10-Q/A (2), 424B2 (2), 424B3 (2), 497AD (2), 8-A12B (2), APP NTC (2), APP ORDR (2), APP WDG (2), CERT (2), N-14 8C/A (2), N-2 (2), N-23C-2 (2), PRER14A (2), 10-12G (1), 144 (1), 25-NSE (1), 4/A (1), 8-K/A (1), DEFM14A (1), DEFR14A (1), N-14 8C (1), N-54A (1), N-54A/A (1), N-6F (1), POS EX (1), PREM14A (1), SCHEDULE 13G (1), UPLOAD (1)
- Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 1, 2026
Latest 8-K (8-K) Aug 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value per share | CCAP | The Nasdaq Stock Market LLC |
| 5.00% Notes due 2026 | FCRX | The New York Stock Exchange |
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).11
Risk factors and legal proceedings
The risks Crescent Capital BDC, Inc. names in Item 1A of its 10-K filed Feb 25, 2026: 77 risks under these headings, as written.11
- Risks Relating to Our Business and Structure
- Our Board may change our investment objectives, operating policies and strategies without prior notice or stockholder approval.
- A failure on our part to maintain our status as a BDC may significantly reduce our operating flexibility.
- We and the Adviser are subject to regulations and SEC oversight. If we or the Adviser fail to comply with applicable requirements, it may adversely impact our results relative to companies that are not subject to such regulations.
- We are dependent upon key personnel of Crescent and the Adviser.
- We may not replicate the historical performance achieved by Crescent.
- We depend on Crescent to manage our business effectively.
- The Adviser, the investment committee of the Adviser, Crescent and their affiliates, officers, directors and employees may face certain conflicts of interest.
- Conflicts may arise related to other arrangements with Crescent and the Adviser and other affiliates.
- Crescent’s principals and employees, the Adviser or their affiliates may, from time to time, possess material non-public information, limiting our investment discretion.
- Our management and incentive fee structure may create incentives for the Adviser that are not fully aligned with our stockholders’ interests and may induce the Adviser to make speculative investments.
- The Adviser has limited liability and is entitled to indemnification under the Investment Advisory Agreement.
The other 66 risks
- Our ability to enter into transactions with our affiliates is restricted.
- Our ability to sell or otherwise exit investments also invested in by other Crescent investment vehicles is restricted.
- Conflicts of interest may be created by the valuation process for certain portfolio holdings.
- We operate in an increasingly competitive market for investment opportunities, which could make it difficult for us to identify and make investments that are consistent with our investment objectives.
- Our ability to grow depends on our ability to raise capital.
- Regulations governing our operation as a BDC affect our ability to, and the way in which we may, raise additional capital.
- If we do not invest a sufficient portion of our assets in qualifying assets, we could fail to qualify as a BDC or be precluded from investing according to our current business strategy.
- Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio.
- We will be subject to corporate level income tax if we are unable to qualify as a RIC.
- Certain investors are limited in their ability to make significant investments in us.
- We may be subject to withholding of U. S. federal income tax on distributions for non-U.S. stockholders.
- We may retain income and capital gains in excess of what is permissible for excise tax purposes and such amounts will be subject to 4% U.S. federal excise tax, reducing the amount available for distribution to stockholders.
- We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income.
- Our investments in OID and PIK interest income may expose us to risks associated with such income being required to be included in accounting income and taxable income prior to receipt of cash.
- Stockholders may be required to pay tax in excess of the cash they receive.
- Our business could be adversely affected in the event we default under our existing credit facilities or any future credit or other borrowing facility.
- We are and may be subject to restrictions under our credit facilities and any future credit or other borrowing facility that could adversely impact our business.
- In addition to regulatory or existing credit facility requirements that restrict our ability to raise capital, any future debt facilities may contain various covenants that, if not complied with, could accelerate repayment under such debt facilities, thereby materially and adversely affecting our liquidity, financial condition and results of operations.
- Our strategy involves a high degree of leverage. We intend to continue to finance our investments with borrowed money, which will magnify the potential for gain or loss on amounts invested and increase the risk of investing in us. The risks of investment in a highly leveraged fund include volatility and possible distribution restrictions.
- Changes in interest rates may adversely affect the value of our portfolio investments which could have an adverse effect on our business, financial condition and results of operations.
- We may be the target of litigation.
- There is a risk that investors in our common stock may not receive dividends or that our dividends may not grow over time and that investors in our debt securities may not receive all of the interest income to which they are entitled.
- The majority of our portfolio investments are recorded at fair value as determined in good faith by the Adviser as Valuation Designee subject to the oversight of our Board and, as a result, there may be uncertainty as to the value of our portfolio investments.
- New or modified laws or regulations governing our operations may adversely affect our business.
- We are subject to risks related to corporate social responsibility.
- We are subject to risks associated with artificial intelligence and machine learning technology.
- Additionally, legislative or other actions relating to taxes could have a negative effect on us.
- Changes to United States tariff and import/export regulations may have a negative effect on our portfolio companies and, in turn, harm us.
- The lack of liquidity in our investments may adversely affect our business.
- We may be obligated to pay the Adviser certain fees even if we incur a loss.
- There is a risk that investors in our common shares may not receive distributions or that our distributions may not grow over time and that investors in our debt securities may not receive all of the interest income to which they are entitled.
- The amount of any distributions we may make is uncertain. Our distributions may exceed our earnings, particularly during the period before we have substantially invested the net proceeds from our offerings. Therefore, portions of the distributions that we make may represent a return of capital to you that will lower your tax basis in your common shares and thereby increase the amount of capital gain (or decrease the amount of capital loss) realized upon a subsequent sale or redemption of such shares and reduce the amount of funds we have for investment in targeted assets.
- We have not established any limit on the amount of funds we may use from available sources, such as borrowings, if any, to fund distributions (which may reduce the amount of capital we ultimately invest in assets).
- Our Adviser and Administrator each have the ability to resign on 120 days’ and 60 days’ notice, respectively, and we may not be able to find a suitable replacement within that time, resulting in a disruption in operations that could adversely affect our financial condition, business and results of operations.
- As a public company, we are subject to regulations not applicable to private companies, such as provisions of the Sarbanes-Oxley Act. Efforts to comply with such regulations will involve significant expenditures, and such regulations may adversely affect us.
- We may not be able to obtain all required state licenses.
- Risks Relating to Our Investments
- Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing NAV through increased net unrealized depreciation.
- Our portfolio companies may be unable to repay or refinance outstanding principal on their loans at or prior to maturity, and rising interests rates may make it more difficult for portfolio companies to make periodic payments on their loans.
- We will be subject to the risk that the debt investments we make in our portfolio companies may be repaid prior to maturity.
- Inflation has adversely affected and may continue to adversely affect the business, results of operations and financial condition of our portfolio companies.
- We typically invest in middle-market companies, which involves higher risk than investments in large companies.
- Our investments may be risky and we could lose all or part of our investment.
- We may invest in high yield debt, or below investment grade securities, which has greater credit and liquidity risk than more highly rated debt obligations.
- Investments in equity securities, many of which are illiquid with no readily available market, involve a substantial degree of risk.
- We may be subject to risks associated with syndicated loans.
- The disposition of our investments may result in contingent liabilities.
- Our subordinated investments may be subject to greater risk than investments that are not similarly subordinated.
- There may be circumstances in which our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.
- We may hold the debt securities of leveraged companies.
- Our portfolio companies may incur debt or issue equity securities that rank equally with, or senior to, our investments in such companies.
- When we are a debt or minority equity investor in a portfolio company, we are often not in a position to exert influence on the entity, and other equity holders and management of the company may make decisions that could decrease the value of our investment in such portfolio company.
- Our portfolio companies may be highly leveraged.
- Our investments in foreign companies may involve significant risks in addition to the risks inherent in U.S. investments.
- The due diligence process that the Adviser undertakes in connection with our investments may not reveal all the facts that may be relevant in connection with an investment.
- We may be subject to risks under hedging transactions and may become subject to risk if we invest in non-U.S. securities.
- We may not realize anticipated gains on the equity interests in which we invest.
- We may invest in significant risk transfer securities, or other similar synthetic instruments, issued by banks or other financial institutions.
- Our investments in the consumer products and services sector are subject to various risks including cyclical risks associated with the overall economy.
- Our investments in the financial services sector are subject to various risks including volatility and extensive government regulation.
- Our investments in technology companies are subject to many risks, including volatility, intense competition, shortened product life cycles, litigation and periodic downturn risks.
- The effect of global climate change may impact the operations of our portfolio companies.
- Risks Relating to Our Common Stock
- Certain investors will be subject to Exchange Act filing requirements.
- You may receive dividends in the form of common stock instead of cash, which could result in adverse tax consequences to you.
- No stockholder approval is required for certain mergers.
- Our shares of common stock have traded at a discount from net asset value and may do so again, which could limit our ability to raise additional equity capital.
- The market price of our common stock may fluctuate significantly.
Legal proceedings
We are party to certain lawsuits in the normal course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. Furthermore, third parties may try to seek to impose liability on us in connection with our activities or the activities of our portfolio companies. While the outcome of any such legal proceedings cannot at this time be predicted with certainty, we do not expect that these legal proceedings will materially affect our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.11
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARJohn S. Bowman, Chair
- 14SEC EDGARHenry Chung, President
- 15SEC EDGARJason Breaux, President
- 16SEC EDGARJonathan R. Insull, President
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- 20SEC EDGARKirill Bouek, Controller
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- 22SEC EDGARGeorge Hawley, Secretary
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- 24SEC EDGARJason Breaux, Board member
- 25SEC EDGARHenry Chung, Board member
- 26SEC EDGARElizabeth Ko, Board member
- 27SEC EDGARKathleen S. Briscoe, Board member
- 28SEC EDGARGeorge G. Strong Jr., Board member
- 29SEC EDGARSteven F. Strandberg, Board member
- 30SEC EDGARResults of operations
- 31SEC EDGAROther events
- 32SEC EDGARNew debt or obligation
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- 34SEC EDGARShareholder vote
- 35SEC EDGARResults of operations
- 36SEC EDGARExecutive or director change
- 37SEC EDGAROther events
- 38SEC EDGARResults of operations
- 39SEC EDGARResults of operations
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- 41SEC EDGARResults of operations
- 42NasdaqNasdaq calendar
- 43NasdaqNasdaq calendar
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