Crescent Capital BDC, Inc. - Common Stock (CCAP)

Competitors to Crescent Capital BDC, Inc. - Common Stock (CCAP)

Apollo Investment Corporation

Apollo Investment Corporation focuses on providing financing solutions to middle-market companies, much like Crescent Capital BDC, Inc. Both companies are involved in the business development company (BDC) sector and invest in similar types of debt and equity securities. However, Apollo has a larger asset base and a longer operating history, allowing it to leverage economies of scale and attract a broader range of investment opportunities. This positions Apollo as a more dominant player in the BDC space compared to Crescent Capital.

BlackRock Capital Investment Corporation

BlackRock Capital Investment Corporation specializes in investments in various forms of debt securities and has a more established brand in asset management due to its affiliation with the globally recognized BlackRock. While both companies aim to deliver shareholder value through investments in debt securities, BlackRock's extensive market presence and investment management capabilities provide it with an advantage in sourcing opportunities and risk assessment, making it a formidable competitor against Crescent Capital.

FS KKR Capital Corp. 

FS KKR Capital Corp., like Crescent Capital BDC, engages in providing financing solutions to private companies, particularly in the middle market. The competitive landscape here is intense, as FSK benefits from the extensive resources and reputation of its parent company, KKR, a global investment firm. This parentage allows FSK to have deeper access to funding and deal flow compared to Crescent Capital, enabling it to offer competitive terms and potentially superior investment outcomes.

Golub Capital BDC, Inc. 

Golub Capital BDC, Inc. focuses on providing cash flow-based lending to U.S. middle-market companies, similar to Crescent Capital BDC. Both entities emphasize generating high-quality risk-adjusted returns through a diversified investment portfolio. However, Golub Capital has developed a strong reputation in the BDC space due to its consistent performance and more rigorous credit underwriting practices, providing it with a competitive edge in investor confidence and capital attraction.

Main Street Capital Corporation 

Both Crescent Capital BDC and Main Street Capital Corporation target similar market segments by providing capital to small and medium-sized enterprises. Main Street has a diversified portfolio that also includes equity investments alongside its debt offerings, which gives it an edge in capturing value from different asset classes. As a result, Main Street is often viewed as having a broader investment mandate and possibly a competitive advantage in terms of risk management and return generation.