Crescent Capital BDC, Inc. — Form 10-Q
Filed August 10, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Effective May 7, 2026, Crescent Capital BDC amended and restated its investment advisory agreement with Crescent Cap Advisors, LLC. The key fee changes: Base Management Fee remains 1.00% of gross assets (excluding cash); Income Fee structure includes a 1.75% quarterly hurdle rate (7.00% annualized) with 100% fee on income above hurdle up to 2.0588% per quarter, then 15.0% above that; Capital Gains Fee remains 15.0% of cumulative realized gains net of losses and unrealized depreciation. The agreement continues through March 31, 2027, then auto-renews annually pending Board and disinterested director approval.
Why this rating
Administrative renewal with fee structure unchanged from prior agreement effective April 1, 2026. Standard BDC advisory relationship continuation; no material change to economics or business model relative to ~$347M market cap.
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