Company: FCRX
Filing Date: 2025-08-19
Form Type: 40-APP
Source: 0001341004-25-000071
Chunk: 12

Company: Crescent Capital BDC, Inc.
Filing Date: 2025-08-19
Form: 40-APP
Chunk 12
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 is to provide investors with substantial current income and long-term capital appreciation by investing in a diversified portfolio of senior secured debt, with the ability to invest in junior debt securities. The Board of CCS IX Portfolio Holdings has five members, of which three members are Independent Directors. CCS IX Portfolio Holdings’ principal place of business is 11100 Santa Monica Blvd., Suite 2000, Los Angeles, CA 90025. The business and affairs of each of the Existing Regulated Funds are managed under the direction of its respective board.

| B. | Existing Advisers |

Crescent Groupis a limited partnership organized under the Delaware Revised Uniform Limited Partnership Act on May 4, 2010. Crescent Group or another Adviser serves as investment adviser to the Existing Affiliated Funds and an Adviser will serve as investment adviser to any Affiliated Funds. Crescent Group is an affiliate of Crescent Cap Advisors and is registered with the Commission under the Advisers Act. Crescent Group has approximately $46 billion under management as of March 31, 2025. With its headquarters in Los Angeles, Crescent Group has approximately 230 employees based in five offices in the U.S. and Europe. Crescent Cap Advisors, formerly CBDC Advisors LLC, is a Delaware limited liability company and is registered with the Commission under the Advisers Act. On the date of this Application, its sole client is Crescent Capital BDC. Crescent Cap Advisors is a majority-owned subsidiary and an affiliate of Crescent Group, which, together, provide innovative alternative investment products to individual and institutional investors through publicly-registered programs, private funds and separately managed accounts. Under the terms of the investment advisory agreement with Crescent Capital BDC, Crescent Cap Advisors will: (i) determine the composition of the portfolio of Crescent Capital BDC, the nature and timing of the changes therein and the manner of implementing such changes; (ii) identify/source, research, evaluate and negotiate the structure of the investments made by Crescent Capital BDC; (iii) close and monitor Crescent Capital BDC’s investments; (iv) determine the assets that Crescent Capital BDC will originate, purchase, retain, or sell; (v) perform due diligence on prospective portfolio companies; and (vi) provide Crescent Capital BDC with such other investment advisory, research and related services as Crescent Capital BDC may, from time to time, reasonably require for the investment of its funds, including providing operating and managerial assistance to Crescent Capital BDC and its _____________________________

| 10 | The Board of each Future Regulated Fund will consist of a