Crescent Capital BDC, Inc. Announces Executive Changes
July 02, 2021 at 09:06 pm
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On and effective as of midnight on June 30, 2021 (the “Effective Date”), the Board of Directors (the “Board”) of Crescent Capital BDC, Inc. (the “Company”) accepted the resignation of Christopher G. Wright as a member of the Board. Mr. Wright remains a Managing Director and Head of Private Markets at Crescent Capital Group LP (“Crescent”), the Company’s external manager. Additionally, as of the Effective Date, the Board appointed Jason A. Breaux as the Company’s President. Mr. Breaux will serve in such position until his successor has been duly elected and qualified, or until his earlier resignation or removal. Mr. Breaux currently serves as Chief Executive Officer of the Company and will continue his service as such. Immediately following the Effective Date, the Board elected Ms. Elizabeth E. Ko as a Class III director, which is the class of directors that will stand for election at the Company’s 2024 Annual Meeting of Stockholders, or until a successor is duly elected and qualified. Ms. Ko, who will serve as Chairman of the Board, will not receive any compensation or equity awards for her service as a director. Ms. Ko has not been named to serve on any committee of the Board. Ms. Ko currently serves as a Managing Director of Crescent. Prior to joining Crescent in 2007, she worked in the Financing Group of Goldman Sachs and the Mergers, Acquisitions & Restructurings Department of Morgan Stanley. Ms. Ko has held governance roles and is a former board observer of numerous private companies. She received her MBA from the Wharton School of the University of Pennsylvania and her BA from the University of California, Berkeley.
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.
CRESCENT CAPITAL BDC, INC. 
