Crescent Capital BDC, Inc. Announces Resignation of Jonathan Insull on or Before June 30, 2021
November 21, 2020 at 03:36 am IST
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On November 20, 2020, Jonathan Insull, President of Crescent Capital BDC, Inc. notified the Company of his decision to resign from the Company on or before June 30, 2021. Mr. Insull’s resignation did not involve any disagreements with the Company with regard to its operations, policies or practices.
Crescent Capital BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Companyâs investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments. It invests 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 United States middle-market companies. It is focused on purchasing interests in loans or make debt investments, either directly from its target companies as primary market or private credit investments (private credit transactions), or primary or secondary market bank loan or high yield transactions in the syndicated market (syndicated loans and bonds). Although its focus is to invest in less liquid private credit transactions. The Company is managed by Crescent Cap Advisors, LLC.