Crescent Capital BDC, Inc. Appoints Kathleen Briscoe as Independent Class I Director and Member of Nominating and Corporate Governance Committee and Audit Committee
December 18, 2019 at 01:42 pm EST
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On December 13, 2019, the board of directors of Crescent Capital BDC, Inc. increased the size of the Board from five to six members and, on the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Kathleen Briscoe as an independent Class I director to fill the vacancy created by such increase. Ms. Briscoe will serve as a member of the Nominating and Corporate Governance Committee and the Audit Committee. The initial term of Ms. Briscoe, a Class I director, will expire at the 2022 annual meeting of stockholders of the Company. Ms. Briscoe is a Partner and Chief Capital Officer of Dermody Properties, LLC. Prior to joining Dermody in 2018, Ms. Briscoe held senior consulting and management positions at a number of real estate investing companies, including Arixa Capital, Cordia Capital Management, LLC, Institutional Real Estate, Inc., and Crosswater Realty Advisors.
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. Appoints Kathleen Briscoe as Independent Class I Director and Member of Nominating and Corporate Governance Committee and Audit Committee
CRESCENT CAPITAL BDC, INC. 
