CCAP

Crescent Capital Bdc, Inc.

A business development company that lends money to midsize American companies, mainly through first-lien senior secured debt — the loans repaid first if a borrower struggles. It was created in 2015 by Crescent Capital Group, an investment firm founded in 1991 by three former Drexel Burnham Lambert bankers who began by managing that fallen bank's bankruptcy estate. The group later grew into a broad credit platform before launching this lending arm.