Crescent Capital BDC, Inc.

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 9, 2026

CCAP$10.38+12.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Schedule of Investments as of December 31, 2025

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Investments (1)(2)(3)
United States
Debt Investments
Automobiles & Components
Auveco Holdings (5)	Unitranche First Lien Revolver	S + 525 (100 Floor)	9.22%	05/2028	75	$73	0.0	%	75
Auveco Holdings	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.22%	05/2028	3,908	3,872	0.7		3,908
Continental Battery Company (9)	Unitranche First Lien Term Loan			07/2028	8,428	7,469	0.6		3,884
Continental Battery Company (9)	Unitranche First Lien Delayed Draw Term Loan			07/2028	3,108	2,765	0.2		1,432
Sun Acquirer Corp.	Unitranche First Lien Term Loan	S + 450 (75 Floor)	8.22%	09/2028	12,522	12,407	1.8		12,398
Sun Acquirer Corp.	Unitranche First Lien Delayed Draw Term Loan	S + 450 (75 Floor)	8.22%	09/2028	8,854	8,786	1.2		8,766
Sun Acquirer Corp. (4)(5)	Unitranche First Lien Revolver			09/2027	—	(14)	0.0		(18)
Sun Acquirer Corp.	Unitranche First Lien Term Loan	S + 450 (75 Floor)	8.22%	09/2028	2,400	2,376	0.3		2,376
					39,295	$37,734	4.8	%	32,821
Capital Goods
Envocore Holding, LLC (7)(8)	Senior Secured First Lien Term Loan	750	7.50%	12/2027	6,667	$6,667	0.9	%	6,667
Envocore Holding, LLC (7)(8)(9)	Senior Secured Second Lien Term Loan			12/2028	10,368	7,053	0.5		3,666
Envocore Holding, LLC (5)(7)(8)	Senior Secured First Lien Revolver			12/2027	—	-	0.0		-
GB Eagle Buyer, Inc. (4)(5)	Unitranche First Lien Delayed Draw Term Loan			12/2030	—	(14)	0.0		(30)
GB Eagle Buyer, Inc. (4)(5)	Unitranche First Lien Revolver			12/2030	—	(12)	0.0		(12)
GB Eagle Buyer, Inc.	Unitranche First Lien Term Loan	S + 450 (100 Floor)	8.35%	12/2030	5,830	5,772	0.8		5,771
GB Eagle Buyer, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 450 (100 Floor)	8.35%	12/2030	1,282	1,277	0.2		1,269
GB Eagle Buyer, Inc. (4)(5)	Unitranche First Lien Revolver			12/2030	—	(4)	0.0		(5)
GB Eagle Buyer, Inc.	Unitranche First Lien Term Loan	S + 450 (100 Floor)	8.17%	12/2030	3,162	3,134	0.4		3,130

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Oliver Packaging LLC	Senior Secured First Lien Term Loan	S + 500 (100 Floor) (plus 100 PIK)	9.82%	07/2028	3,326	$3,296	0.4	%	2,942
Oliver Packaging LLC (5)	Senior Secured First Lien Revolver	S + 500 (100 Floor) (plus 100 PIK)	9.82%	07/2028	150	146	0.0		92
Oliver Packaging LLC	Senior Secured First Lien Term Loan	S + 500 (100 Floor) (plus 100 PIK)	9.82%	07/2028	202	200	0.0		179
Painters Supply & Equipment Company	Unitranche First Lien Term Loan	S + 550 (100 Floor)	9.42%	08/2027	1,963	1,951	0.3		1,904
Painters Supply & Equipment Company	Unitranche First Lien Delayed Draw Term Loan	S + 550 (100 Floor)	9.57%	08/2027	877	875	0.1		851
Painters Supply & Equipment Company (4)(5)	Unitranche First Lien Revolver			08/2027	—	(3)	0.0		(15)
Painters Supply & Equipment Company (5)	Unitranche First Lien Delayed Draw Term Loan	S + 550 (100 Floor)	9.33%	04/2030	170	170	0.0		147
Painters Supply & Equipment Company	Unitranche First Lien Term Loan	S + 550 (100 Floor)	9.42%	04/2030	837	837	0.1		812
TriStrux, LLC (9)	Senior Secured First Lien Term Loan			12/2027	2,798	2,674	0.1		930
TriStrux, LLC (9)	Senior Secured First Lien Revolver			12/2027	1,100	1,054	0.1		365
TriStrux, LLC (9)	Senior Secured First Lien Delayed Draw Term Loan			12/2027	982	937	0.0		326
					39,714	$36,010	3.9	%	28,989
Commercial & Professional Services
American Refrigeration	Senior Secured First Lien Term Loan	S + 640 (100 Floor)	10.39%	02/2029	3,439	$3,424	0.5	%	3,416
American Refrigeration	Senior Secured First Lien Delayed Draw Term Loan	S + 625 (100 Floor)	10.24%	04/2029	124	124	0.0		124
American Refrigeration	Senior Secured First Lien Term Loan	S + 640 (100 Floor)	10.39%	04/2029	197	197	0.0		196
Automated Control Concepts, Inc.	Unitranche First Lien Term Loan	S + 550 (100 Floor)	9.43%	10/2026	2,976	2,946	0.4		2,969
Automated Control Concepts, Inc. (4)(5)	Unitranche First Lien Revolver			10/2026	—	(8)	0.0		(2)
Career Certified, LLC (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 500 (100 Floor)	8.67%	02/2031	298	297	0.0		298
Career Certified, LLC (4)(5)	Senior Secured First Lien Revolver			02/2031	—	(2)	0.0		—
Career Certified, LLC	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.67%	02/2031	2,189	2,174	0.3		2,189
Duraserv LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	8.48%	06/2031	1,766	1,761	0.2		1,748
Duraserv LLC (5)	Senior Secured First Lien Revolver	S + 475 (75 Floor)	8.57%	06/2030	119	112	0.0		110
Duraserv LLC	Senior Secured First Lien Term Loan	S + 475 (75 Floor)	8.48%	06/2031	4,761	4,725	0.7		4,714
Duraserv LLC (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	8.48%	06/2031	1,048	1,048	0.1		1,030

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Flow Service Partners Intermediate Holdco LLC (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 500 (100 Floor)	8.67%	11/2030	449	$443	0.1	%	449
Flow Service Partners Intermediate Holdco LLC (5)	Senior Secured First Lien Revolver	S + 500 (100 Floor)	8.62%	11/2030	293	285	0.0		293
Flow Service Partners Intermediate Holdco LLC	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.67%	11/2030	2,525	2,497	0.4		2,525
GH Parent Holdings Inc.	Unitranche First Lien Term Loan	S + 525 (100 Floor)	8.97%	05/2029	12,614	12,532	1.8		12,614
GH Parent Holdings Inc. (5)	Unitranche First Lien Revolver	S + 525 (100 Floor)	8.97%	05/2029	264	256	0.0		264
GH Parent Holdings Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	8.97%	05/2029	7,242	7,242	1.0		7,242
GH Parent Holdings Inc. (5)	Unitranche First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	8.97%	05/2029	643	620	0.1		643
Guardian Access Solutions	Senior Secured First Lien Delayed Draw Term Loan	S + 600 (100 Floor)	9.84%	08/2029	1,057	1,049	0.1		1,044
Guardian Access Solutions (5)	Senior Secured First Lien Revolver	S + 600 (100 Floor)	9.67%	08/2029	600	588	0.1		591
Guardian Access Solutions	Senior Secured First Lien Term Loan	S + 600 (100 Floor)	9.82%	08/2029	2,835	2,788	0.4		2,799
Halo Buyer, Inc. (5)	Unitranche First Lien Revolver	S + 600 (100 Floor)	9.72%	02/2029	187	178	0.0		194
Halo Buyer, Inc.	Unitranche First Lien Term Loan	S + 600 (100 Floor)	9.72%	02/2029	3,452	3,394	0.5		3,499
Hamsard 3778 Limited (4)(5)(10)	Unitranche First Lien - Last Out Delayed Draw Term Loan			10/2031	—	(16)	0.0		—
Hamsard 3778 Limited (10)	Unitranche First Lien - Last Out Term Loan	S + 550	9.22%	10/2031	9,616	9,059	1.4		9,616
Hercules Borrower LLC (4)(5)	Unitranche First Lien Revolver			12/2028	-	(7)	0.0		(15)
Hercules Borrower LLC	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.42%	12/2028	12,762	12,663	1.8		12,657
Hsid Acquisition, LLC	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	8.48%	01/2028	3,649	3,628	0.5		3,649
Hsid Acquisition, LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.48%	01/2028	2,748	2,732	0.4		2,748
Hsid Acquisition, LLC (5)	Senior Secured First Lien Revolver			01/2028	-	-	0.0		-
Iris Buyer, LLC	Unitranche First Lien Term Loan	S + 525 (100 Floor)	8.92%	10/2030	303	300	0.0		300
Infobase	Senior Secured First Lien Term Loan	S + 550 (100 Floor)	9.35%	06/2028	10,905	10,799	1.5		10,823
Infobase (5)	Senior Secured First Lien Revolver	S + 550 (100 Floor)	9.32%	06/2028	812	799	0.1		801

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Iris Buyer, LLC	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.09%	10/2030	10,383	$10,160	1.5	%	10,279
Iris Buyer, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 200 (100 Floor) (plus 600 PIK)	11.67%	10/2030	979	959	0.1		969
Iris Buyer, LLC (4)(5)	Unitranche First Lien Revolver			10/2030	—	(26)	0.0		(15)
Iris Buyer, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	8.92%	10/2030	1,564	1,554	0.2		1,541
Landscape Workshop, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.67%	05/2032	1,662	1,642	0.2		1,746
Landscape Workshop, LLC (5)	Unitranche First Lien Revolver	S + 500 (75 Floor)	8.67%	05/2031	376	356	0.1		376
Landscape Workshop, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.67%	05/2032	12,941	12,816	1.9		13,199
MHS Acquisition Holdings, LLC (8)	Unsecured Debt	1350 PIK	13.50%	03/2027	380	380	0.1		380
MHS Acquisition Holdings, LLC (8)	Unsecured Debt	1350 PIK	13.50%	03/2027	1,142	1,142	0.2		1,142
MHS Acquisition Holdings, LLC	Senior Secured First Lien Term Loan	S + 600 (100 Floor)	9.99%	07/2027	608	604	0.1		608
MHS Acquisition Holdings, LLC (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 600 (100 Floor)	9.99%	07/2027	216	214	0.0		216
MHS Acquisition Holdings, LLC (5)	Senior Secured First Lien Revolver	S + 600 (100 Floor)	9.99%	07/2027	60	59	0.0		60
MHS Acquisition Holdings, LLC	Senior Secured First Lien Term Loan	S + 625 (100 Floor)	10.24%	07/2027	39	39	0.0		39
MHS Acquisition Holdings, LLC	Senior Secured First Lien Term Loan	S + 650 (100 Floor)	10.49%	07/2027	39	39	0.0		39
Minuteman Security Technologies, Inc. (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			02/2029	—	(12)	0.0		(33)
Minuteman Security Technologies, Inc.	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.02%	02/2029	1,050	1,037	0.1		1,037
Minuteman Security Technologies, Inc.	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.02%	02/2029	4,252	4,188	0.7		4,199
Minuteman Security Technologies, Inc.	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.02%	02/2029	1,913	1,898	0.3		1,889
Minuteman Security Technologies, Inc. (4)(5)	Senior Secured First Lien Revolver			02/2029	—	(14)	0.0		(13)
Minuteman Security Technologies, Inc.	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.02%	02/2029	2,626	2,626	0.4		2,593
Minuteman Security Technologies, Inc.	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.02%	02/2029	2,512	2,512	0.5		2,480
NRG Controls (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			10/2030	—	(5)	0.0		—
NRG Controls (4)(5)	Senior Secured First Lien Revolver			10/2030	—	(5)	0.0		—
NRG Controls	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	8.47%	10/2030	3,061	3,029	0.5		3,061

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Receivable Solutions, Inc. (5)	Senior Secured First Lien Revolver	P + 450 (100 Floor)	11.25%	04/2026	180	$180	0.0	%	180
Receivable Solutions, Inc.	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.08%	04/2026	2,046	2,046	0.3		2,046
RN Enterprises, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.97%	10/2031	217	206	0.0		217
RN Enterprises, LLC (5)	Unitranche First Lien Revolver	S + 500 (75 Floor)	8.77%	10/2031	146	132	0.0		146
RN Enterprises, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.77%	10/2031	6,790	6,716	1.0		6,790
RN Enterprises, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.77%	10/2031	867	859	0.1		867
Seko Global Logistics Network, LLC (9)	Senior Secured First Lien Term Loan			05/2030	1,403	1,327	0.2		1,403
Seko Global Logistics Network, LLC (9)	Senior Secured First Lien Revolver			05/2030	519	484	0.1		519
Seko Global Logistics Network, LLC (5)	Senior Secured First Lien Delayed Draw Term Loan			11/2029	-	-	0.0		-
Seko Global Logistics Network, LLC	Senior Secured First Lien Term Loan	S + 100 (100 Floor) (plus 950 PIK)	11.50%	11/2029	107	108	0.0		108
UHY Advisors , Inc. (5)	Unitranche First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	8.42%	11/2031	545	536	0.1		546
UHY Advisors , Inc. (5)	Unitranche First Lien Revolver	S + 475 (75 Floor)	8.42%	11/2031	346	339	0.0		347
UHY Advisors , Inc.	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.57%	11/2031	4,540	4,513	0.7		4,540
					153,382	$151,265	21.8	%	153,029
Consumer Services
Bandon Fitness (Texas) Inc. (5)	Unitranche First Lien Term Loan	S + 600 (100 Floor) (plus 50 PIK)	10.49%	07/2028	4,685	$4,640	0.6	%	4,422
Bandon Fitness (Texas) Inc.	Unitranche First Lien Revolver	S + 600 (100 Floor) (plus 50 PIK)	10.51%	07/2028	401	398	0.1		379
Bandon Fitness (Texas) Inc. (5)	Unitranche First Lien Delayed Draw Term Loan	S + 600 (100 Floor) (plus 50 PIK)	10.54%	07/2028	2,080	2,064	0.3		1,936
Effective School Solutions LLC	Senior Secured First Lien Term Loan	S + 550 (100 Floor)	9.58%	11/2027	7,459	7,422	1.0		7,365
Effective School Solutions LLC (5)	Senior Secured First Lien Revolver	S + 550 (100 Floor)	9.33%	11/2027	1,426	1,416	0.2		1,408
Effective School Solutions LLC (5)	Senior Secured First Lien Revolver	S + 550 (100 Floor)	9.33%	11/2027	169	169	0.0		166
Everlast Parent Inc.	Unitranche First Lien Term Loan	S + 650 (100 Floor)	10.22%	10/2028	13,327	13,269	1.9		13,193
Everlast Parent Inc. (5)	Unitranche First Lien Revolver	S + 650 (100 Floor)	10.22%	10/2028	1,105	1,099	0.2		1,089
Everlast Parent Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 575 (100 Floor)	9.47%	10/2028	3,276	3,228	0.5		3,184

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
FS Whitewater Borrower, LLC	Unitranche First Lien Term Loan	S + 525 (75 Floor)	9.07%	12/2029	4,162	$4,130	0.6	%	4,079
FS Whitewater Borrower, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 525 (75 Floor)	9.07%	12/2029	1,397	1,392	0.2		1,369
FS Whitewater Borrower, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 525 (75 Floor)	8.92%	12/2029	1,388	1,378	0.2		1,360
FS Whitewater Borrower, LLC (4)(5)	Unitranche First Lien Revolver			12/2029	-	(5)	0.0		(14)
FS Whitewater Borrower, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 525 (75 Floor)	9.07%	12/2029	1,516	1,510	0.2		1,485
FS Whitewater Borrower, LLC	Unitranche First Lien Term Loan	S + 525 (75 Floor)	9.07%	12/2029	577	570	0.1		566
FS Whitewater Borrower, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 525 (75 Floor)	9.26%	12/2029	1,622	1,592	0.2		1,587
FS Whitewater Borrower, LLC (4)(5)	Unitranche First Lien Delayed Draw Term Loan			12/2029	-	-	0.0		(50)
HGH Purchaser, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 325 (75 Floor) (plus 375 PIK)	11.03%	11/2029	3,429	3,426	0.4		3,176
HGH Purchaser, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 325 (75 Floor) (plus 375 PIK)	10.77%	11/2029	3,397	3,391	0.4		3,146
HGH Purchaser, Inc. (5)	Unitranche First Lien Revolver	S + 650 (75 Floor)	10.59%	11/2029	1,010	1,022	0.1		896
HGH Purchaser, Inc.	Unitranche First Lien Term Loan	S + 325 (75 Floor) (plus 375 PIK)	10.77%	11/2029	8,079	8,019	1.1		7,484
HS Spa Holdings Inc. (Hand & Stone) (5)	Unitranche First Lien Revolver	S + 525 (75 Floor)	8.97%	06/2028	334	322	0.0		334
HS Spa Holdings Inc. (Hand & Stone)	Unitranche First Lien Term Loan	S + 525 (75 Floor)	9.07%	06/2029	10,056	9,971	1.4		10,056
HS Spa Holdings Inc. (Hand & Stone) (8)(10)	Unitranche First Lien - Last Out Term Loan	1237.5 PIK	12.38%	06/2030	1,955	1,931	0.3		1,890
HS Spa Holdings Inc. (Hand & Stone)	Unitranche First Lien Term Loan	S + 525 (75 Floor)	9.07%	06/2029	872	862	0.1		872
HS Spa Holdings Inc. (Hand & Stone)	Unitranche First Lien Delayed Draw Term Loan	S + 525 (75 Floor)	9.09%	06/2029	976	973	0.1		976
Ingenio, LLC	Unitranche First Lien Term Loan	S + 200 (100 Floor) (plus 600 PIK)	11.82%	08/2027	5,145	5,138	0.7		4,849
Ingenio, LLC	Unitranche First Lien Term Loan	S + 200 (100 Floor) (plus 600 PIK)	11.82%	08/2027	2,279	2,270	0.3		2,148
Mario Purchaser, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 575 (75 Floor)	9.84%	04/2029	5,094	5,070	0.7		4,965
Mario Purchaser, LLC (10)	Unitranche First Lien - Last Out Term Loan	1483.5 PIK	14.84%	04/2032	4,792	4,723	0.7		4,720
Mario Purchaser, LLC (5)	Unitranche First Lien Revolver	S + 575 (75 Floor)	9.59%	04/2028	954	944	0.1		928
Mario Purchaser, LLC	Unitranche First Lien Term Loan	S + 575 (75 Floor)	9.84%	04/2029	9,565	9,460	1.3		9,325

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Mario Purchaser, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 575 (100 Floor)	9.84%	04/2029	470	$463	0.1	%	458
Marlin DTC-LS Midco 2, LLC (4)(5)	Unitranche First Lien Revolver			07/2026	—	(0.0)	0.0		(6)
Marlin DTC-LS Midco 2, LLC	Unitranche First Lien Term Loan	S + 650 (100 Floor)	10.32%	07/2026	2,876	2,872	0.4		2,758
PPV Intermediate Holdings LLC (Vetcor) (5)(12)	Unitranche First Lien Revolver	S + 575 (75 Floor)	9.63%	08/2029	28	26	0.0		23
PPV Intermediate Holdings LLC (Vetcor) (12)	Unitranche First Lien Term Loan	S + 575 (75 Floor)	9.67%	08/2029	3,469	3,452	0.5		3,448
PPV Intermediate Holdings LLC (Vetcor) (8)	Unsecured Debt	1375 PIK	13.75%	08/2030	1,403	1,386	0.2		1,366
PPV Intermediate Holdings LLC (Vetcor) (8)	Unsecured Debt	1475 PIK	14.75%	08/2030	347	329	0.0		336
Stepping Stones Healthcare Services, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.67%	12/2028	12,712	12,572	1.9		12,650
Stepping Stones Healthcare Services, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.67%	12/2028	2,855	2,840	0.4		2,839
Stepping Stones Healthcare Services, LLC (5)	Unitranche First Lien Revolver	P + 500 (75 Floor)	11.75%	12/2026	1,133	1,115	0.2		1,123
Stepping Stones Healthcare Services, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.67%	12/2028	1,027	1,007	0.1		1,007
USA Hometown Experts, Inc.	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	8.92%	11/2029	1,470	1,462	0.2		1,470
USA Hometown Experts, Inc.	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	8.92%	11/2029	1,625	1,616	0.2		1,625
USA Hometown Experts, Inc. (4)(5)	Senior Secured First Lien Revolver			11/2029	—	(6)	0.0		—
USA Hometown Experts, Inc.	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	8.92%	11/2029	2,440	2,440	0.4		2,440
USA Hometown Experts, Inc.	Senior Secured First Lien Term Loan	S + 550 (100 Floor)	9.17%	11/2029	1,542	1,518	0.2		1,542
USA Hometown Experts, Inc. (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			11/2029	—	(17)	0.0		—
					135,924	$134,869	18.8	%	132,368

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Diversified Financials
Cary Street Partners Financial LLC (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.42%	05/2031	178	$165	0.0	%	178
Cary Street Partners Financial LLC (4)(5)	Senior Secured First Lien Revolver			05/2031	—	(4)	0.0		—
Cary Street Partners Financial LLC	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	8.42%	05/2031	1,791	1,770	0.3		1,791
CRS TH Holdings, Corp. (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			12/2032	—	(1)	0.0		(3)
CRS TH Holdings, Corp. (4)(5)	Senior Secured First Lien Revolver			12/2032	—	(2)	0.0		(2)
CRS TH Holdings, Corp.	Senior Secured First Lien Term Loan	S + 475 (75 Floor)	8.42%	12/2032	1,375	1,365	0.2		1,365
Essential Services Holding Corporation (4)(5)	Unitranche First Lien Delayed Draw Term Loan			06/2030	—	(6)	0.0		—
Essential Services Holding Corporation (5)	Unitranche First Lien Revolver	S + 500 (75 Floor)	8.87%	06/2031	372	365	0.1		372
Essential Services Holding Corporation	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.88%	06/2031	7,584	7,520	1.1		7,584
iLending LLC (4)(5)	Unitranche First Lien Revolver			12/2028	—	—	0.0		(11)
iLending LLC	Unitranche First Lien Term Loan	S + 100 (100 Floor) (plus 500 PIK)	9.82%	12/2028	2,450	2,450	0.3		2,377
iLending LLC (8)(9)(10)	Unitranche First Lien - Last Out Term Loan			12/2028	2,368	—	0.0		—
King Mid LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 450 (100 Floor)	8.22%	04/2031	3,714	3,699	0.5		3,714
King Mid LLC (4)(5)	Unitranche First Lien Revolver			04/2031	—	(9)	0.0		—
King Mid LLC	Unitranche First Lien Term Loan	S + 450 (100 Floor)	8.22%	04/2031	6,766	6,719	1.0		6,766
Miracle Mile Holdings, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 500 (100 Floor)	8.82%	11/2028	173	158	0.0		173
Miracle Mile Holdings, LLC (5)	Unitranche First Lien Revolver	S + 500 (100 Floor)	8.82%	11/2028	80	79	0.0		80
Miracle Mile Holdings, LLC	Unitranche First Lien Term Loan	S + 500 (100 Floor)	8.82%	11/2028	2,128	2,111	0.3		2,128
PCS Retirement (5)	Unitranche First Lien Delayed Draw Term Loan	S + 575 (100 Floor)	9.42%	03/2030	890	884	0.1		890
PCS Retirement (4)(5)	Unitranche First Lien Revolver			03/2030	—	(5)	0.0		—

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
PCS Retirement	Unitranche First Lien Term Loan	S + 575 (100 Floor)	9.42%	03/2030	5,011	$4,979	0.7	%	5,011
Pi Buyer, LLC (4)(5)	Unitranche First Lien Delayed Draw Term Loan			08/2032	—	(3)	0.0		(10)
Pi Buyer, LLC (4)(5)	Unitranche First Lien Revolver			08/2032	—	(4)	0.0		(4)
Pi Buyer, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.72%	08/2032	3,050	3,028	0.4		3,028
RWA Wealth Partners, LLC. (5)	Unitranche First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	8.49%	11/2030	1,167	1,157	0.2		1,167
RWA Wealth Partners, LLC. (4)(5)	Unitranche First Lien Revolver			11/2030	—	(9)	0.0		—
RWA Wealth Partners, LLC.	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.63%	11/2030	6,104	6,064	0.9		6,104
Soltis (5)	Unitranche First Lien Delayed Draw Term Loan	S + 450 (100 Floor)	8.51%	08/2030	1,085	1,081	0.2		1,085
Soltis (4)(5)	Unitranche First Lien Revolver			08/2030	—	(7)	0.0		—
Soltis	Unitranche First Lien Term Loan	S + 450 (100 Floor)	8.35%	08/2030	1,876	1,849	0.3		1,876
Staff Boom, LLC (4)(5)	Senior Secured First Lien Revolver			09/2031	—	(3)	0.0		(3)
Staff Boom, LLC	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.67%	09/2031	4,538	4,506	0.5		4,506
					52,700	$49,896	7.1	%	50,162
Energy
Loadmaster Derrick & Equipment, Inc. (7)(8)	Senior Secured Second Lien Note	1200	12.00%	03/2031	438	$438	0.1	%	438
					438	$438	0.1	%	438
Food & Staples Retailing
Isagenix International, LLC (6)	Senior Secured First Lien Term Loan	S + 250 (100 Floor) (plus 500 PIK)	11.39%	04/2028	3,465	$3,314	0.2	%	1,355
					3,465	$3,314	0.2	%	1,355
Food, Beverage & Tobacco
JTM Foods LLC	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.28%	05/2029	4,823	$4,799	0.7	%	4,823
JTM Foods LLC (5)	Senior Secured First Lien Revolver	S + 525 (100 Floor)	9.25%	05/2029	740	736	0.1		740
JTM Foods LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.07%	05/2029	656	654	0.1		656
					6,219	$6,189	0.9	%	6,219
Health Care Equipment & Services
ACI Group Holdings, Inc.	Unitranche First Lien Term Loan	S + 275 (75 Floor) (plus 325 PIK)	9.77%	08/2028	7,098	$7,022	0.9	%	6,538
ACI Group Holdings, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 275 (75 Floor) (plus 325 PIK)	9.77%	08/2028	1,258	1,254	0.2		1,154
ACI Group Holdings, Inc. (5)	Unitranche First Lien Revolver	S + 550 (75 Floor)	9.27%	08/2027	731	726	0.1		667
ACI Group Holdings, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 275 (75 Floor) (plus 325 PIK)	9.77%	08/2028	1,363	1,350	0.2		1,250

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Acu-Serve, LLC	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	8.42%	10/2029	3,920	$3,892	0.6	%	3,920
Acu-Serve, LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.42%	10/2029	1,991	1,985	0.3		1,991
Acu-Serve, LLC (4)(5)	Senior Secured First Lien Revolver			10/2029	—	(5)	0.0		—
Annuity Health (4)(5)	Senior Secured First Lien Revolver			02/2029	—	(5)	0.0		—
Annuity Health	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.09%	02/2029	4,021	3,997	0.6		4,021
Arrow Management Acquisition, LLC (5)	Unitranche First Lien Delayed Draw Term Loan			07/2032	—	—	0.0		59
Arrow Management Acquisition, LLC (5)	Unitranche First Lien Revolver	S + 500 (75 Floor)	8.67%	07/2032	519	505	0.1		519
Arrow Management Acquisition, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.67%	07/2032	12,826	12,699	1.8		12,992
Avalign Technologies, Inc. (5)	Unitranche First Lien Revolver	S + 650 (75 Floor)	10.22%	12/2028	835	814	0.1		689
Avalign Technologies, Inc.	Unitranche First Lien Term Loan	S + 362.5 (75 Floor) (plus 362.5 PIK)	11.07%	12/2028	13,391	13,227	1.7		12,218
Bayside Opco, LLC	Senior Secured First Lien Term Loan	S + 725 (100 Floor)	11.07%	05/2026	4,412	4,412	0.6		4,412
Bayside Opco, LLC	Senior Secured First Lien Term Loan	S + 725 (100 Floor)	11.07%	05/2026	1,560	1,560	0.2		1,560
Bayside Opco, LLC (5)	Senior Secured First Lien Revolver			05/2026	—	—	0.0		—
Bayside Opco, LLC	Unsecured Debt	1415.2 PIK	14.15%	05/2026	2,099	1,821	0.3		2,099
BVI Medical Inc. (5)	Unitranche First Lien Delayed Draw Term Loan	S + 125 (75 Floor) (plus 500 PIK)	10.13%	03/2032	158	155	0.0		155
BVI Medical Inc. (4)(5)	Unitranche First Lien Revolver			03/2032	—	(11)	0.0		(11)
BVI Medical Inc.	Unitranche First Lien Term Loan	S + 125 (75 Floor) (plus 500 PIK)	9.97%	03/2032	10,528	10,388	1.5		10,469
CC Amulet Management, LLC	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.35%	08/2027	4,923	4,895	0.7		4,923
CC Amulet Management, LLC (5)	Senior Secured First Lien Revolver	S + 525 (100 Floor)	9.10%	08/2027	763	757	0.1		763
CC Amulet Management, LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 525	9.28%	08/2027	902	892	0.1		902
Centria Subsidiary Holdings, LLC (5)	Unitranche First Lien Revolver			06/2027	—	—	0.0		—
Centria Subsidiary Holdings, LLC	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.05%	06/2027	11,161	11,147	1.6		11,163
ConvenientMD	Senior Secured First Lien Term Loan	S + 525	9.22%	06/2029	5,580	5,549	0.8		5,411
ConvenientMD (5)	Senior Secured First Lien Revolver	S + 550	9.44%	06/2029	275	270	0.0		254

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
EMS Buyer, Inc.	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.07%	11/2027	11,331	$11,254	1.6	%	11,246
EMS Buyer, Inc. (5)	Unitranche First Lien Revolver	S + 525 (100 Floor)	9.07%	11/2027	248	244	0.0		243
EMS Buyer, Inc.	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.07%	11/2027	965	957	0.1		958
EMS Buyer, Inc.	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.07%	11/2027	2,069	2,069	0.3		2,053
Explorer Investor, Inc.	Unitranche First Lien Term Loan	S + 600 (50 Floor)	9.82%	06/2029	13,309	12,945	1.7		11,714
GrapeTree Medical Staffing, LLC	Senior Secured First Lien Term Loan	S + 350 (100 Floor) (plus 450 PIK)	11.43%	04/2026	6,006	5,997	0.8		5,360
GrapeTree Medical Staffing, LLC (4)(5)	Senior Secured First Lien Revolver			04/2026	—	(5)	0.0		(64)
GrapeTree Medical Staffing, LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 350 (100 Floor) (plus 450 PIK)	11.76%	04/2026	3,505	3,499	0.4		3,127
Great Lakes Dental Partners, LLC	Unitranche First Lien Term Loan	S + 425 (100 Floor) (plus 300 PIK)	11.07%	06/2027	5,015	5,001	0.7		4,941
Great Lakes Dental Partners, LLC (5)	Unitranche First Lien Revolver	S + 425 (100 Floor) (plus 300 PIK)	11.07%	06/2027	342	341	0.0		337
Headlands Buyer, Inc. (4)(5)	Unitranche First Lien Delayed Draw Term Loan			09/2032	—	(3)	0.0		1
Headlands Buyer, Inc. (4)(5)	Unitranche First Lien Revolver			09/2032	—	(3)	0.0		—
Headlands Buyer, Inc.	Unitranche First Lien Term Loan	S + 575 (100 Floor)	9.74%	09/2032	1,695	1,678	0.2		1,698
Homecare Partners Management, LLC	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.23%	05/2027	4,357	4,330	0.6		4,358
Homecare Partners Management, LLC (5)	Senior Secured First Lien Revolver	S + 525 (100 Floor)	9.22%	05/2027	455	448	0.1		456
Homecare Partners Management, LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.07%	05/2027	3,259	3,216	0.5		3,260
Homecare Partners Management, LLC	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.22%	05/2027	1,062	1,053	0.2		1,063
Homecare Partners Management, LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 525 (100 Floor)	9.07%	06/2030	853	853	0.1		854
Hospice Care Buyer, Inc.	Unitranche First Lien Term Loan	S + 650 (100 Floor)	10.13%	01/2028	14,463	14,395	2.0		14,464
Hospice Care Buyer, Inc.	Unitranche First Lien Term Loan	S + 650 (100 Floor)	10.13%	01/2028	2,642	2,603	0.4		2,643
Hospice Care Buyer, Inc. (5)	Unitranche First Lien Revolver	S + 650 (100 Floor)	10.41%	01/2028	1,215	1,207	0.2		1,216
Hospice Care Buyer, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 650 (100 Floor)	10.69%	01/2028	2,688	2,648	0.4		2,689

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Hospice Care Buyer, Inc.	Unitranche First Lien Term Loan	S + 650 (100 Floor)	10.69%	01/2028	383	$380	0.1	%	383
Integrated Pain Management Medical Group, Inc.	Unitranche First Lien Term Loan	S + 650 (100 Floor)	10.64%	06/2026	2,881	2,881	0.4		2,821
Integrated Pain Management Medical Group, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 650 (100 Floor)	10.64%	06/2026	346	346	0.0		340
Integrated Pain Management Medical Group, Inc.	Unitranche First Lien Revolver	S + 650	10.64%	06/2026	442	442	0.1		434
Integrated Pain Management Medical Group, Inc.	Unitranche First Lien Term Loan	S + 650 (100 Floor)	10.64%	06/2026	793	793	0.1		776
IVX Health Merger Sub, Inc. (8)	Unsecured Debt	1350 PIK	13.50%	06/2031	8,819	8,667	1.3		9,083
IVX Health Merger Sub, Inc. (4)(5)	Unitranche First Lien Revolver			06/2030	—	(52)	0.0		—
IVX Health Merger Sub, Inc.	Unitranche First Lien Term Loan	S + 500 (100 Floor)	8.67%	06/2030	16,898	16,628	2.4		17,067
Laseraway Intermediate Holdings II, LLC (12)	Unitranche First Lien Term Loan	S + 575 (75 Floor)	9.89%	10/2027	5,842	5,795	0.8		5,820
Lighthouse Behavioral Health Solutions, LLC	Senior Secured First Lien Revolver	S + 775 (100 Floor) (plus 75 PIK)	12.37%	03/2028	1,164	1,162	0.1		1,019
Lighthouse Behavioral Health Solutions, LLC	Senior Secured First Lien Delayed Draw Term Loan	S + 575 (100 Floor) (plus 75 PIK)	10.60%	03/2028	467	466	0.1		409
Lighthouse Behavioral Health Solutions, LLC	Senior Secured First Lien Term Loan	S + 575 (100 Floor) (plus 75 PIK)	10.33%	03/2028	2,242	2,238	0.3		1,962
Lighthouse Lab Services	Senior Secured First Lien Term Loan	S + 575 (100 Floor)	9.90%	10/2027	5,479	5,437	0.8		5,442
Lighthouse Lab Services (5)	Senior Secured First Lien Revolver	S + 575 (100 Floor)	9.57%	10/2027	1,074	1,066	0.2		1,066
Lightspeed Buyer, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.47%	02/2027	780	780	0.1		780
Lightspeed Buyer, Inc. (5)	Unitranche First Lien Revolver			02/2027	—	—	0.0		—
Lightspeed Buyer, Inc.	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.42%	02/2027	17,474	17,474	2.5		17,474
MB2 Dental	Unitranche First Lien Delayed Draw Term Loan	S + 550 (75 Floor)	9.22%	02/2031	1,104	1,095	0.2		1,115
MB2 Dental	Unitranche First Lien Delayed Draw Term Loan	S + 550 (75 Floor)	9.22%	02/2031	876	863	0.1		885
MB2 Dental (5)	Unitranche First Lien Revolver	S + 550 (75 Floor)	9.22%	02/2031	77	74	0.0		77
MB2 Dental	Unitranche First Lien Term Loan	S + 550 (75 Floor)	9.22%	02/2031	6,053	6,006	0.9		6,113
Medical Review Institute of America (5)	Senior Secured First Lien Revolver	P + 500 (100 Floor)	11.75%	07/2030	64	58	0.0		48

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Medical Review Institute of America	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.67%	07/2030	5,629	$5,582	0.8	%	5,515
MWD Management LLC (United Derm)	Senior Secured First Lien Delayed Draw Term Loan	S + 500 (100 Floor)	8.82%	06/2027	4,365	4,333	0.6		4,365
MWD Management LLC (United Derm)	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.82%	06/2027	5,418	5,377	0.8		5,418
MWD Management LLC (United Derm) (5)	Senior Secured First Lien Revolver	S + 500 (100 Floor)	8.82%	06/2027	240	232	0.0		240
Omni Ophthalmic Management Consultants, LLC (9)	Senior Secured First Lien Revolver			01/2026	1,025	981	0.1		372
Omni Ophthalmic Management Consultants, LLC (9)	Senior Secured First Lien Term Loan			01/2026	7,014	6,808	0.4		2,545
Omni Ophthalmic Management Consultants, LLC (9)	Senior Secured First Lien Term Loan			01/2026	921	889	0.0		334
Omni Ophthalmic Management Consultants, LLC (9)	Senior Secured First Lien Term Loan			01/2026	312	303	0.0		113
Omni Ophthalmic Management Consultants, LLC (9)	Senior Secured First Lien Term Loan			01/2026	260	249	0.0		94
Omni Ophthalmic Management Consultants, LLC (5)	Senior Secured First Lien Revolver	S + 225 (100 Floor) (plus 575 PIK)	11.82%	01/2026	575	575	0.1		575
Omni Ophthalmic Management Consultants, LLC (5)	Senior Secured First Lien Revolver			01/2026	—	-	0.0		—
Patriot Acquisition Topco S.A.R.L	Unitranche First Lien Term Loan	S + 475 (100 Floor)	9.06%	01/2028	2,812	2,783	0.4		2,809
Patriot Acquisition Topco S.A.R.L (5)	Unitranche First Lien Revolver	S + 475 (100 Floor)	8.59%	01/2026	126	126	0.0		125
Patriot Acquisition Topco S.A.R.L	Unitranche First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.59%	01/2028	11,715	11,603	1.7		11,703
Patriot Acquisition Topco S.A.R.L	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.59%	01/2028	358	353	0.1		358
Patriot Acquisition Topco S.A.R.L (5)	Unitranche First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	9.06%	01/2028	4,370	4,341	0.6		4,365
Patriot Acquisition Topco S.A.R.L (8)	Unsecured Debt	1400 PIK	14.00%	02/2030	4,471	4,419	0.7		4,597
Patriot Acquisition Topco S.A.R.L	Unitranche First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.59%	01/2028	1,674	1,669	0.2		1,672
Plasma Buyer LLC (PathGroup)	Unitranche First Lien Delayed Draw Term Loan	993 PIK (75 Floor)	9.93%	05/2029	282	280	0.0		221
Plasma Buyer LLC (PathGroup) (5)	Unitranche First Lien Revolver	942 PIK (75 Floor)	9.42%	05/2029	830	822	0.1		648
Plasma Buyer LLC (PathGroup)	Unitranche First Lien Term Loan	912 PIK (75 Floor)	9.12%	05/2029	7,456	7,377	0.8		5,828
Premier Dental Care Management, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.72%	08/2028	9,143	9,063	1.3		9,072
Premier Dental Care Management, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.72%	08/2028	4,961	4,957	0.7		4,922
Premier Dental Care Management, LLC (5)	Unitranche First Lien Revolver	S + 500 (75 Floor)	8.72%	08/2027	236	224	0.0		218

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Premier Dental Care Management, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.72%	08/2028	4,067	$4,055	0.6	%	4,036
PromptCare Intermediate, LP	Unitranche First Lien Term Loan	S + 600 (100 Floor)	9.95%	09/2027	10,054	9,991	1.4		10,048
PromptCare Intermediate, LP	Unitranche First Lien Delayed Draw Term Loan	S + 600 (100 Floor)	9.95%	09/2027	1,566	1,558	0.2		1,565
PromptCare Intermediate, LP	Unitranche First Lien Delayed Draw Term Loan	S + 600 (100 Floor)	9.95%	04/2030	2,079	2,065	0.3		2,078
Quorum Health Resources	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.07%	05/2027	5,151	5,129	0.7		5,157
Quorum Health Resources (5)	Unitranche First Lien Revolver	S + 525	9.07%	05/2027	77	74	0.0		78
REP Behavioral Health, LLC (4)(5)	Unitranche First Lien Delayed Draw Term Loan			12/2030	—	(10)	0.0		—
REP Behavioral Health, LLC (5)	Unitranche First Lien Revolver	S + 475 (100 Floor)	8.42%	12/2030	242	227	0.0		242
REP Behavioral Health, LLC	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.47%	12/2030	5,693	5,632	0.8		5,693
Safco Dental Supply, LLC (5)	Unitranche First Lien Revolver	S + 600 (100 Floor)	9.82%	03/2026	342	342	0.0		312
Safco Dental Supply, LLC	Unitranche First Lien Term Loan	S + 600 (100 Floor)	9.82%	03/2026	4,002	3,997	0.5		3,803
Seniorlink Incorporated (4)(5)	Unitranche First Lien Revolver			12/2029	—	(3)	0.0		(5)
Seniorlink Incorporated	Unitranche First Lien Term Loan	S + 500 (100 Floor)	9.02%	12/2029	8,615	8,576	1.2		8,572
Seniorlink Incorporated	Unitranche First Lien Term Loan	S + 500 (100 Floor)	8.77%	12/2029	4,648	4,595	0.7		4,625
Seniorlink Incorporated (4)(5)	Unitranche First Lien Revolver			12/2029	—	(4)	0.0		(2)
Smile Doctors LLC (4)(5)	Unitranche First Lien Revolver			12/2027	—	(11)	0.0		(23)
Smile Doctors LLC	Unitranche First Lien Delayed Draw Term Loan	S + 590 (75 Floor)	9.84%	12/2028	781	781	0.1		774
Smile Doctors LLC	Unitranche First Lien Term Loan	S + 590 (75 Floor)	9.84%	12/2028	15,235	15,176	2.1		15,082
Sydney US Buyer Corp. (3B Scientific)	Unitranche First Lien Term Loan	S + 600 (50 Floor)	10.05%	07/2029	3,693	3,625	0.5		3,693
Sydney US Buyer Corp. (3B Scientific)	Unitranche First Lien Term Loan	E + 600	8.00%	07/2029	4,116	3,513	0.6		4,116
Sydney US Buyer Corp. (3B Scientific)	Unitranche First Lien Delayed Draw Term Loan	S + 600 (50 Floor)	9.66%	07/2029	1,978	1,929	0.3		2,005

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Sydney US Buyer Corp. (3B Scientific) (5)	Unitranche First Lien Delayed Draw Term Loan	S + 600	10.01%	07/2029	6,310	$6,120	0.9	%	6,310
Team Select (CSC TS Merger SUB, LLC)	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	8.47%	05/2029	6,143	6,102	0.9		6,143
Team Select (CSC TS Merger SUB, LLC) (4)(5)	Senior Secured First Lien Revolver			05/2029	—	(4)	0.0		—
Team Select (CSC TS Merger SUB, LLC)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.47%	05/2029	1,190	1,183	0.2		1,190
Team Select (CSC TS Merger SUB, LLC)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.62%	06/2030	798	798	0.1		798
Team Select (CSC TS Merger SUB, LLC)	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	8.47%	06/2030	2,560	2,561	0.4		2,561
Team Select (CSC TS Merger SUB, LLC)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.62%	05/2029	997	995	0.1		998
Team Select (CSC TS Merger SUB, LLC) (4)(5)	Senior Secured First Lien Revolver			05/2029	—	(2)	0.0		—
Team Select (CSC TS Merger SUB, LLC)	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	8.47%	05/2029	2,629	2,613	0.4		2,630
Team Select (CSC TS Merger SUB, LLC) (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.59%	05/2029	737	732	0.1		738
Team Select (CSC TS Merger SUB, LLC) (5)	Senior Secured First Lien Revolver			05/2029	—	—	0.0		—
Unifeye Vision Partners	Senior Secured First Lien Delayed Draw Term Loan	S + 550 (100 Floor)	9.32%	09/2027	2,111	2,098	0.3		2,111
Unifeye Vision Partners (5)	Senior Secured First Lien Revolver	S + 550 (100 Floor)	9.65%	09/2027	680	673	0.1		680
Unifeye Vision Partners	Senior Secured First Lien Term Loan	S + 550 (100 Floor)	9.32%	09/2027	3,674	3,653	0.5		3,675
Unifeye Vision Partners	Senior Secured First Lien Delayed Draw Term Loan	S + 550 (100 Floor)	9.32%	09/2027	3,533	3,531	0.5		3,534
					416,945	$412,258	57.2	%	403,175
Household & Personal Products
Lash Opco LLC	Unitranche First Lien Term Loan	S + 265 (100 Floor) (plus 510 PIK)	11.69%	09/2027	3,249	$3,247	0.5	%	3,086
Lash Opco LLC (4)(5)	Unitranche First Lien Revolver			09/2027	—	(0.0)	0.0		(19)
Lash Opco LLC	Unitranche First Lien Term Loan	S + 265 (100 Floor) (plus 510 PIK)	11.69%	09/2027	3,313	3,303	0.4		3,146
Lash Opco LLC	Unitranche First Lien Term Loan	S + 500 (100 Floor) (plus 200 PIK)	10.82%	09/2027	35	35	0.0		33
Lash Opco LLC	Unitranche First Lien Term Loan	S + 265 (100 Floor) (plus 510 PIK)	11.69%	09/2027	1,075	1,074	0.1		1,022
					7,672	$7,659	1.0	%	7,268

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Insurance
Balance Partners	Senior Secured First Lien Delayed Draw Term Loan	S + 500 (100 Floor)	8.67%	04/2030	3,237	$3,213	0.5	%	3,213
Balance Partners (4)(5)	Senior Secured First Lien Revolver			04/2030	—	(4)	0.0		(4)
Balance Partners	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.67%	04/2030	2,167	2,150	0.3		2,151
Balance Partners (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			04/2030	—	(13)	0.0		(41)
Balance Partners	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.67%	04/2030	3,850	3,822	0.5		3,821
Evolution BuyerCo, Inc.	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.42%	04/2030	11,337	11,312	1.6		11,287
Evolution BuyerCo, Inc.	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.42%	04/2030	389	385	0.1		387
Evolution BuyerCo, Inc. (4)(5)	Unitranche First Lien Revolver			04/2030	—	(0.0)	0.0		(3)
Galway Borrower, LLC	Unitranche First Lien Term Loan	S + 450 (75 Floor)	8.17%	09/2028	6,392	6,347	0.9		6,408
Galway Borrower, LLC (5)	Unitranche First Lien Revolver	S + 450 (75 Floor)	8.19%	09/2028	94	91	0.0		92
Galway Borrower, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 450 (75 Floor)	8.17%	09/2028	124	123	0.0		126
Galway Borrower, LLC (4)(5)	Unitranche First Lien Revolver			09/2028	—	(1)	0.0		(3)
Integrity Marketing Acquisition, LLC (5)	Unitranche First Lien Revolver			08/2028	—	—	0.0		—
Integrity Marketing Acquisition, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.82%	08/2028	20,022	19,901	2.8		20,022
Newcleus, LLC	Senior Secured First Lien Term Loan	S + 600 (plus 200 PIK)	11.82%	08/2026	5,189	5,072	0.7		4,985
Newcleus, LLC (4)(5)	Senior Secured First Lien Revolver			08/2026	—	(5)	0.0		(17)
Newcleus, LLC (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			08/2026	—	(5)	0.0		(18)
Patriot Growth Insurance Services, LLC	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.82%	10/2028	8,995	8,933	1.3		8,995
Patriot Growth Insurance Services, LLC (4)(5)	Unitranche First Lien Revolver			10/2028	—	(5)	0.0		—
Patriot Growth Insurance Services, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.82%	10/2028	2,763	2,749	0.4		2,763
Patriot Growth Insurance Services, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.67%	10/2028	992	984	0.1		992
The Hilb Group, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	8.47%	10/2031	969	955	0.1		936
The Hilb Group, LLC (5)	Unitranche First Lien Revolver	S + 475 (75 Floor)	8.47%	10/2031	220	206	0.0		203
The Hilb Group, LLC	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.47%	10/2031	14,876	14,751	2.1		14,727

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Vantage Insurance Partners, Inc. (5)(11)	Unitranche First Lien Revolver	S + 650 (100 Floor)	10.17%	12/2028	78	$73	0.0	%	33
Vantage Insurance Partners, Inc. (11)	Unitranche First Lien Term Loan	S + 650 (100 Floor)	10.17%	12/2028	4,344	4,317	0.6		4,094
					86,038	$85,351	12.0	%	85,149
Materials
A&A Global Imports, LLC (9)	Senior Secured First Lien Term Loan			06/2026	1,645	$992	0.0	%	—
A&A Global Imports, LLC (9)	Senior Secured First Lien Term Loan			06/2026	1,895	—	0.0		—
A&A Global Imports, LLC (9)	Senior Secured First Lien Revolver			06/2026	594	545	0.0		127
Action Signature Acquisition, Inc. (9)	Unitranche First Lien Term Loan			12/2027	3,801	3,188	0.1		453
Action Signature Acquisition, Inc. (9)	Unitranche First Lien Term Loan			12/2027	593	498	0.0		71
Action Signature Acquisition, Inc. (5)	Unitranche First Lien Revolver	1099.4 PIK	10.99%	12/2027	534	517	0.1		534
Action Signature Acquisition, Inc. (9)	Unitranche First Lien Term Loan			12/2027	288	242	0.0		34
Action Signature Acquisition, Inc. (9)	Unitranche First Lien Term Loan			12/2027	984	826	0.0		117
Online Labels Group, LLC	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.67%	12/2029	4,214	4,183	0.6		4,215
Online Labels Group, LLC (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 500 (100 Floor)	8.67%	12/2029	261	259	0.0		261
Online Labels Group, LLC (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			12/2029	—	(2)	0.0		—
Online Labels Group, LLC (4)(5)	Senior Secured First Lien Revolver			12/2029	—	(4)	0.0		—
					14,809	$11,244	0.8	%	5,812
Pharmaceuticals, Biotechnology & Life Sciences
Alcanza Clinical Research	Senior Secured First Lien Term Loan	S + 625 (100 Floor)	10.07%	12/2027	7,117	$7,065	1.0	%	7,117
Alcanza Clinical Research (5)	Senior Secured First Lien Revolver	S + 625	10.24%	12/2027	63	62	0.0		63

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
BioAgilytix	Senior Secured First Lien Term Loan	S + 250 (plus 400 PIK)	10.27%	12/2028	15,696	$15,552	1.8	%	12,928
BioAgilytix	Senior Secured First Lien Delayed Draw Term Loan	S + 250 (plus 400 PIK)	10.27%	12/2028	816	808	0.1		672
Nephron Pharmaceuticals, LLC (10)	Unitranche First Lien - Last Out Term Loan	S + 920	13.19%	12/2027	7,385	7,296	1.0		7,384
Teal Acquisition Co., Inc	Unitranche First Lien Term Loan	S + 625 (100 Floor)	10.02%	09/2028	2,174	2,163	0.3		2,163
Teal Acquisition Co., Inc (5)	Unitranche First Lien Revolver	S + 625 (100 Floor)	10.02%	09/2028	401	396	0.1		395
Teal Acquisition Co., Inc	Unitranche First Lien Term Loan	S + 625 (100 Floor)	10.02%	09/2028	1,200	1,196	0.2		1,194
Teal Acquisition Co., Inc	Unitranche First Lien Term Loan	S + 625 (100 Floor)	10.02%	09/2028	289	288	0.0		288
Teal Acquisition Co., Inc (4)(5)	Unitranche First Lien Delayed Draw Term Loan			09/2028	—	(3)	0.0		(6)
Teal Acquisition Co., Inc	Unitranche First Lien Term Loan	S + 600 (100 Floor)	9.49%	09/2028	1,282	1,276	0.2		1,276
WCT Group Holdings, LLC	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.47%	12/2029	3,308	3,247	0.4		3,290
WCT Group Holdings, LLC (4)(5)	Unitranche First Lien Revolver			12/2029	—	(8)	0.0		(2)
WCT Group Holdings, LLC (5)	Unitranche First Lien Delayed Draw Term Loan	S + 475 (100 Floor)	8.47%	12/2029	1,900	1,890	0.3		1,890
WCT Group Holdings, LLC (4)(5)	Unitranche First Lien Revolver			12/2029	—	(2)	0.0		(1)
					41,631	$41,226	5.4	%	38,651
Retailing
1959 Holdings, LLC	Senior Secured First Lien Term Loan	S + 650 (100 Floor)	10.37%	07/2030	5,000	$4,956	0.7	%	5,150
MeriCal, LLC (9)	Unitranche First Lien Term Loan			01/2026	8,470	7,053	0.5		3,768
MeriCal, LLC (5)(9)	Senior Secured First Lien Revolver			01/2026	920	919	0.1		632
Slickdeals Holdings, LLC (5)(7)	Unitranche First Lien Revolver	S + 525 (100 Floor)	9.12%	06/2030	145	145	0.0		145
Slickdeals Holdings, LLC (7)	Unitranche First Lien Term Loan	S + 525 (100 Floor)	9.12%	06/2030	4,965	4,965	0.7		4,965
					19,500	$18,038	2.0	%	14,660

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Software & Services
Affinitiv, Inc. (4)(5)	Unitranche First Lien Revolver			07/2027	—	$(1)	0.0	%	(12)
Affinitiv, Inc.	Unitranche First Lien Term Loan	S + 500 (100 Floor) (plus 200 PIK)	10.93%	07/2027	5,977	5,933	0.8		5,801
Apps Associates LLC (5)	Unitranche First Lien Revolver			07/2027	—	—	0.0		—
Apps Associates LLC	Unitranche First Lien Term Loan	S + 550 (100 Floor)	9.32%	07/2027	5,410	5,375	0.8		5,410
Apps Associates LLC	Unitranche First Lien Delayed Draw Term Loan	S + 550 (100 Floor)	9.32%	07/2027	1,742	1,728	0.2		1,742
Apps Associates LLC (5)	Unitranche First Lien Revolver	S + 550 (100 Floor)	9.32%	07/2027	240	236	0.0		240
Banker's Toolbox, Inc.	Unitranche First Lien Revolver	S + 450 (75 Floor)	8.17%	07/2029	3,624	3,597	0.5		3,596
Banker's Toolbox, Inc.	Unitranche First Lien Term Loan	S + 450 (75 Floor)	8.17%	07/2029	15,365	15,365	2.2		15,249
Banker's Toolbox, Inc. (4)(5)	Unitranche First Lien Revolver			07/2029	—	(13)	0.0		(18)
Belay Inc.	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.82%	06/2026	4,727	4,716	0.7		4,727
Belay Inc. (4)(5)	Senior Secured First Lien Revolver			06/2026	—	(1)	0.0		—
Belay Inc.	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.82%	06/2026	744	741	0.1		744
Benesys Inc.	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.07%	10/2026	1,342	1,340	0.2		1,342
Benesys Inc.	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.07%	10/2026	285	284	0.0		285
Benesys Inc.	Senior Secured First Lien Revolver	S + 525 (100 Floor)	9.07%	10/2026	150	150	0.0		150
Benesys Inc.	Senior Secured First Lien Revolver	S + 525 (100 Floor)	9.07%	10/2026	163	164	0.0		163

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Blue Mantis	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	8.42%	08/2030	3,061	$3,049	0.4	%	3,048
Blue Mantis (5)	Senior Secured First Lien Revolver	S + 475 (75 Floor)	8.42%	08/2030	551	542	0.1		547
Blue Mantis	Senior Secured First Lien Term Loan	S + 475 (75 Floor)	8.42%	08/2030	3,481	3,445	0.5		3,465
Blue Mantis	Senior Secured First Lien Term Loan	S + 475 (75 Floor)	8.42%	08/2030	495	489	0.1		493
Blue Mantis (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	8.42%	08/2030	639	639	0.1		620
C-4 Analytics (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			05/2030	—	(17)	0.0		—
C-4 Analytics (5)	Senior Secured First Lien Revolver	S + 525 (100 Floor)	9.07%	05/2030	555	541	0.1		555
C-4 Analytics	Senior Secured First Lien Term Loan	S + 525 (100 Floor)	9.07%	05/2030	18,223	18,082	2.6		18,223
Claritas, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 450 (100 Floor)	8.32%	03/2028	2,395	2,385	0.3		2,395
Claritas, LLC (4)(5)	Unitranche First Lien Revolver			03/2028	—	(8)	0.0		—
Claritas, LLC	Unitranche First Lien Term Loan	S + 450 (100 Floor)	8.17%	03/2028	10,203	10,150	1.4		10,203
Concord III, LLC	Unitranche First Lien Term Loan	S + 625 (100 Floor)	9.92%	12/2028	9,285	9,227	1.3		9,285
Concord III, LLC (5)	Unitranche First Lien Revolver	S + 625 (100 Floor)	9.92%	12/2028	413	409	0.1		413
Concord III, LLC	Unitranche First Lien Term Loan	S + 625 (100 Floor)	9.92%	12/2028	544	537	0.1		544
Concord III, LLC	Unitranche First Lien Term Loan	S + 625 (100 Floor)	10.25%	12/2028	2,843	2,843	0.4		2,843
DataVail	Senior Secured First Lien Term Loan	S + 575 (100 Floor)	9.42%	01/2029	7,007	6,960	1.0		6,938
DataVail	Senior Secured First Lien Delayed Draw Term Loan	S + 575 (100 Floor)	9.47%	01/2029	399	397	0.1		395
DataVail (5)	Senior Secured First Lien Revolver	S + 575 (100 Floor)	9.42%	01/2029	330	326	0.0		325
DataVail (5)	Senior Secured First Lien Revolver	S + 575 (100 Floor)	9.42%	01/2029	180	178	0.0		177
DecisionHR Holdings, Inc (4)(5)	Senior Secured First Lien Delayed Draw Term Loan			12/2031	—	(1)	0.0		(4)
DecisionHR Holdings, Inc (4)(5)	Senior Secured First Lien Revolver			12/2031	—	(2)	0.0		(2)
DecisionHR Holdings, Inc	Senior Secured First Lien Term Loan	S + 450 (100 Floor)	8.28%	12/2031	1,625	1,613	0.2		1,613
Evergreen IX Borrower 2023, LLC	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.42%	09/2030	13,230	12,974	1.9		13,230
Evergreen IX Borrower 2023, LLC (4)(5)	Unitranche First Lien Revolver			09/2029	—	(24)	0.0		—

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Evergreen IX Borrower 2023, LLC	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.42%	09/2030	2,758	$2,735	0.4	%	2,758
Imagenet, LLC (4)(5)	Senior Secured First Lien Revolver			12/2030	—	(7)	0.0		—
Imagenet, LLC	Senior Secured First Lien Term Loan	S + 500 (100 Floor)	8.67%	12/2030	3,020	2,986	0.4		3,020
Lexipol (Ranger Buyer, Inc.)	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.42%	11/2028	12,760	12,634	1.8		12,760
Lexipol (Ranger Buyer, Inc.) (4)(5)	Unitranche First Lien Revolver			11/2027	—	(9)	0.0		—
Lexipol (Ranger Buyer, Inc.)	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.42%	11/2028	1,091	1,083	0.2		1,091
Medicus IT (4)(5)	Unitranche First Lien Delayed Draw Term Loan			06/2032	—	(6)	0.0		—
Medicus IT (5)	Unitranche First Lien Revolver	P + 500 (75 Floor)	11.75%	06/2032	83	74	0.0		83
Medicus IT	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.67%	06/2032	6,070	6,018	0.9		6,070
Medicus IT (4)(5)	Unitranche First Lien Delayed Draw Term Loan			06/2032	—	(1)	0.0		—
Medicus IT (5)	Unitranche First Lien Revolver	P + 500 (75 Floor)	11.75%	06/2032	40	36	0.0		40
Medicus IT	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.67%	06/2032	6,843	6,792	1.0		6,843
MRI Software LLC	Unitranche First Lien Delayed Draw Term Loan	S + 475 (75 Floor)	8.42%	02/2028	1,044	1,041	0.1		1,044
MRI Software LLC	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.42%	02/2028	19,483	19,394	2.8		19,483
MRI Software LLC (5)	Unitranche First Lien Revolver	S + 475 (100 Floor)	8.44%	02/2028	309	303	0.0		267
MRI Software LLC	Unitranche First Lien Term Loan	S + 475 (100 Floor)	8.42%	02/2028	1,269	1,263	0.2		1,269
Net Health Acquisition Corp. (4)(5)	Unitranche First Lien Revolver			07/2031	—	(13)	0.0		(4)
Net Health Acquisition Corp.	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.47%	07/2031	13,162	13,056	1.9		13,131
New Era Technology, Inc. (5)	Unitranche First Lien Revolver	S + 625 (100 Floor)	10.09%	06/2030	357	357	0.1		357

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
New Era Technology, Inc.	Unitranche First Lien Term Loan	S + 625 (100 Floor)	9.92%	06/2030	4,652	$4,652	0.7	%	4,652
Odessa Technologies, Inc. (4)(5)	Senior Secured First Lien Revolver			10/2027	—	(15)	0.0		—
Odessa Technologies, Inc.	Senior Secured First Lien Term Loan	S + 550 (75 Floor)	9.27%	10/2027	9,281	9,218	1.3		9,282
Omega Systems Intermediate Holdings, Inc. (5)	Unitranche First Lien Delayed Draw Term Loan	S + 500 (75 Floor)	8.67%	01/2031	379	375	0.1		379
Omega Systems Intermediate Holdings, Inc. (5)	Unitranche First Lien Revolver	S + 500 (75 Floor)	8.69%	01/2031	53	50	0.0		53
Omega Systems Intermediate Holdings, Inc.	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.67%	01/2031	2,100	2,082	0.3		2,100
Ontario Systems, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 550 (100 Floor) (plus 100 PIK)	10.32%	03/2027	1,085	1,085	0.2		1,085
Ontario Systems, LLC	Unitranche First Lien Revolver	S + 650 (100 Floor)	10.32%	03/2027	500	499	0.1		500
Ontario Systems, LLC	Unitranche First Lien Term Loan	S + 550 (100 Floor) (plus 100 PIK)	10.32%	03/2027	3,138	3,133	0.4		3,138
Ontario Systems, LLC	Unitranche First Lien Delayed Draw Term Loan	S + 550 (100 Floor) (plus 100 PIK)	10.32%	03/2027	544	544	0.1		544
Ontario Systems, LLC	Unitranche First Lien Term Loan	S + 550 (100 Floor) (plus 100 PIK)	10.32%	03/2027	444	444	0.1		444
Perforce Software, Inc.	Senior Secured Second Lien Term Loan	S + 800	11.82%	07/2027	5,000	5,000	0.7		4,925
Right Networks, LLC (5)	Unitranche First Lien Revolver	S + 500 (100 Floor)	8.72%	05/2029	330	330	0.0		330
Right Networks, LLC	Unitranche First Lien Term Loan	S + 500 (100 Floor)	8.72%	05/2029	23,870	23,870	3.4		23,868
Saturn Borrower Inc	Unitranche First Lien Term Loan	S + 600 (100 Floor)	9.67%	11/2028	19,677	19,577	2.8		19,664
Saturn Borrower Inc	Unitranche First Lien Term Loan	S + 600 (100 Floor)	9.67%	11/2028	2,397	2,383	0.3		2,395
Saturn Borrower Inc (5)	Unitranche First Lien Revolver	S + 600 (100 Floor)	9.67%	11/2028	460	453	0.1		459
SQAD Holdco, Inc.	Unitranche First Lien Delayed Draw Term Loan	S + 575 (100 Floor)	9.42%	04/2028	2,340	2,330	0.3		2,340

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
SQAD Holdco, Inc. (4)(5)	Unitranche First Lien Revolver			04/2028	—	$(8)	0.0	%	—
SQAD Holdco, Inc.	Unitranche First Lien Term Loan	S + 575 (100 Floor)	9.42%	04/2028	8,637	8,556	1.2		8,635
Strata Information Group, Inc. (5)	Senior Secured First Lien Delayed Draw Term Loan	S + 450 (75 Floor)	8.70%	12/2030	316	312	0.0		316
Strata Information Group, Inc. (4)(5)	Senior Secured First Lien Revolver			12/2030	—	(6)	0.0		—
Strata Information Group, Inc.	Senior Secured First Lien Term Loan	S + 450 (75 Floor)	8.70%	12/2030	1,191	1,181	0.2		1,191
Summit 7 Systems, LLC (5)	Senior Secured First Lien Revolver	S + 550 (100 Floor)	9.47%	05/2028	396	393	0.1		396
Summit 7 Systems, LLC	Senior Secured First Lien Term Loan	S + 550 (100 Floor)	9.32%	05/2028	5,115	5,065	0.7		5,113
Summit 7 Systems, LLC	Senior Secured First Lien Term Loan	S + 550 (100 Floor)	9.49%	05/2028	2,346	2,346	0.3		2,346
Transportation Insight, LLC (5)	Senior Secured First Lien Revolver	S + 450 (plus 100 PIK)	9.22%	03/2026	8	—	0.0		8
Transportation Insight, LLC (9)	Senior Secured First Lien Term Loan			06/2027	5,056	5,037	0.6		3,488
Transportation Insight, LLC (9)	Senior Secured First Lien Delayed Draw Term Loan			06/2027	1,257	1,252	0.1		867
Transportation Insight, LLC (5)(9)	Senior Secured First Lien Revolver			06/2027	713	710	0.1		475
Winxnet Holdings LLC	Unitranche First Lien Term Loan	S + 600 (100 Floor)	9.82%	12/2026	949	948	0.1		948
Winxnet Holdings LLC	Unitranche First Lien Delayed Draw Term Loan	S + 550 (100 Floor)	9.32%	12/2026	609	608	0.1		608
Winxnet Holdings LLC	Unitranche First Lien Delayed Draw Term Loan	S + 550 (100 Floor)	9.32%	12/2026	998	996	0.1		996
Winxnet Holdings LLC (4)(5)	Unitranche First Lien Revolver			12/2026	—	(2)	0.0		(2)
Winxnet Holdings LLC	Unitranche First Lien Term Loan	S + 550 (100 Floor)	9.32%	12/2026	1,850	1,849	0.4		1,847
Winxnet Holdings LLC	Unitranche First Lien Term Loan	S + 550 (100 Floor)	9.32%	12/2026	1,477	1,474	0.3		1,474
Winxnet Holdings LLC	Unitranche First Lien Term Loan	S + 550 (100 Floor)	9.32%	12/2026	1,101	1,094	0.2		1,099
Winxnet Holdings LLC	Unitranche First Lien Term Loan	S + 550 (100 Floor)	9.22%	12/2026	193	193	0.0		193
					291,979	$290,092	41.4	%	289,093

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Technology, Hardware & Equipment
3SI Security Systems	Unitranche First Lien Term Loan	S + 600 (100 Floor)	10.09%	12/2026	3,371		$3,322		0.5		%		3,275
CallRevu, LLC (4)(5)	Unitranche First Lien Revolver			10/2032	—		(1)		0.0				(1)
CallRevu, LLC	Unitranche First Lien Term Loan	S + 475 (75 Floor)	8.42%	10/2032	1,450		1,439		0.2				1,439
Gener8, LLC (9)	Senior Secured First Lien Term Loan			02/2026	6,131		6,005		0.3				2,340
Gener8, LLC (5)(9)	Senior Secured First Lien Revolver			02/2026	1,316		1,289		0.0				318
Gener8, LLC (9)	Senior Secured First Lien Term Loan			02/2026	264		259		0.0				101
Security Risk Advisors Intl, LLC (4)(5)	Unitranche First Lien Delayed Draw Term Loan			09/2031	—		(2)		0.0				(5)
Security Risk Advisors Intl, LLC (5)	Unitranche First Lien Revolver	S + 450 (75 Floor)	8.49%	09/2031	65		63		0.0				63
Security Risk Advisors Intl, LLC	Unitranche First Lien Term Loan	S + 450 (75 Floor)	8.49%	09/2031	3,850		3,822		0.5				3,822
					16,447		$16,196		1.5		%		11,352
Transportation
Breeze Buyer, Inc.	Senior Secured First Lien Term Loan	S + 475 (100 Floor)	8.45%	01/2028	4,246		4,204		0.6				4,246
					4,246		$4,204		0.6		%		4,246
Total Debt Investments United States					1,330,404		$1,305,983		179.5		%		1,264,787
Equity Investments
Automobiles & Components
Continental Battery Company	Common Stock				12,345	$	-		0.0		%		-
Sun Acquirer Corp.	Common Stock				6,148		615		0.1				892
Sun Acquirer Corp.	Common Stock				428		43		0.0				62
						$658		0.1		%		$954

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Capital Goods
Envocore Holding, LLC (7)	Common Stock	`	521,354	$	-		0.0		%		—
Envocore Holding, LLC (7)	Preferred Stock		534,722		—		0.0				—
				—		0.0		%		—
Commercial & Professional Services
Allied Universal Holdings, LLC	Common Stock		2,805,726		$1,011		0.5		%		3,747
Allied Universal Holdings, LLC	Common Stock		684,903		685		0.1				915
ASP MCS Acquisition Corp. (6)(12)	Common Stock		13,293		1,183		0.0				47
ASP MCS Acquisition Corp. (6)	Common Stock		791		5		0.0				14
Hercules Borrower LLC	Common Stock		1,153,075		1,153		0.3				2,005
Iris Buyer, LLC	Common Stock		577		577		0.1				681
Iris Buyer, LLC	Common Stock		576,923		-		0.0				248
Landscape Workshop, LLC	Common Stock		540,541		541		0.1				604
MHS Acquisition Holdings, LLC	Preferred Stock		1,060		923		0.1				508
MHS Acquisition Holdings, LLC	Common Stock		11		9		0.0				-
Receivable Solutions, Inc.	Preferred Stock		137,000		137		0.1				484
RN Enterprises, LLC	Common Stock		776		791		0.1				936
Seko Global Logistics Network, LLC	Common Stock		625		2,372		0.0				55
TecoStar Holdings, Inc.	Common Stock		500,000		500		0.0				3
				$9,887		1.4		%		10,247

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Consumer Services
Everlast Parent Inc.	Common Stock	948		$948		0.1		%		593
FS Whitewater Borrower, LLC	Common Stock	6,897		690		0.1				904
FS Whitewater Borrower, LLC	Common Stock	238		31		0.0				31
HGH Purchaser, Inc.	Common Stock	4,171		417		0.0				103
HS Spa Holdings Inc. (Hand & Stone)	Common Stock	1,791,160		1,791		0.2				1,190
Ingenio, LLC	Common Stock	104		-		0.0				-
Legalshield (11)	Common Stock	372		372		0.1				559
Mario Purchaser, LLC	Common Stock	118		118		0.0				54
Mario Purchaser, LLC	Common Stock	1,027		1,027		0.1				472
PPV Intermediate Holdings LLC (Vetcor)	Common Stock	312,500		313		0.0				213
Stepping Stones Healthcare Services, LLC	Common Stock	11,321		1,132		0.2				1,231
Wrench Group LLC	Common Stock	2,337		235		0.1				610
Wrench Group LLC	Common Stock	655		67		0.0				171
			$7,141		0.9		%		6,131
Diversified Financials
ACON Igloo Investors I, LLC (11)(13)(14)	Partnership Interest		$266		0.0		%		330
First Eagle Logan JV, LLC (2)(7)(11)(13)(14)	Partnership Interest		41,413		4.8				33,387
Freeport Financial SBIC Fund LP (11)(13)(14)	Partnership Interest		1,189		0.1				822
Gryphon Partners 3.5, L.P. (11)(13)(14)	Partnership Interest		145		0.0				20
iLending LLC	Common Stock		—		0.0				-
WhiteHawk III Onshore Fund L.P. (2)(11)(13)(14)	Partnership Interest		1,584		0.2				1,619
			$44,597		5.1		%		36,178

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Energy
Loadmaster Derrick & Equipment, Inc. (7)	Preferred Stock	3,000,000		$3,000		0.4				3,000
			$3,000		0.4		%		3,000
Food & Staples Retailing
Isagenix International, LLC (6)	Common Stock	202,844		—		0.0				—
			—		0.0		%		—
Health Care Equipment & Services
ACI Group Holdings, Inc.	Common Stock	907,499		$909		0.0		%		-
ACI Group Holdings, Inc.	Preferred Stock	3,719		3,645		0.7				4,905
ACI Group Holdings, Inc.	Preferred Stock	684,903		40		0.0				-
Arrow Management Acquisition, LLC (6)	Common Stock	10,664		11		0.0				11
Arrow Management Acquisition, LLC	Preferred Stock	1,056		1,056		0.1				1,056
Bayside Opco, LLC	Common Stock	1,976		-		0.3				1,847
BVI Medical Inc.	Common Stock	852		1,137		0.1				879
Centria Subsidiary Holdings, LLC	Common Stock	11,911		1,191		0.5				3,193
Headlands Buyer, Inc.	Common Stock	20,614		206		0.0				206
Hospice Care Buyer, Inc.	Common Stock	13,985		1,398		0.2				1,501
Hospice Care Buyer, Inc.	Common Stock	754		75		0.0				81
IVX Health Merger Sub, Inc.	Common Stock	2,199		2,199		0.6				4,502
Patriot Acquisition Topco S.A.R.L	Common Stock	1,192		1,192		0.2				1,600
Patriot Acquisition Topco S.A.R.L	Common Stock	16,416		46		0.0				-
Seniorlink Incorporated	Common Stock	68,182		249		0.3				1,954
Smile Doctors LLC	Common Stock	1,191		714		0.1				582
Vital Care Buyer, LLC	Common Stock	649		1		0.0				37
Vital Care Buyer, LLC	Common Stock	64		64		0.0				61
			$14,133		3.1		%		22,415

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Insurance
Evolution BuyerCo, Inc.	Common Stock	2,917		292		0.1		%		568
Integrity Marketing Acquisition, LLC	Common Stock	287,484		533		0.2				1,182
Integrity Marketing Acquisition, LLC	Preferred Stock	1,247		1,218		0.4				2,773
			$2,043		0.7		%		4,523
Materials
A&A Global Imports, LLC	Common Stock	69		—		0.0				—
Action Signature Acquisition, Inc.	Common Stock	50		—		0.0				—
			—		0.0		%		—
Pharmaceuticals, Biotechnology & Life Sciences
LSCS Holdings, Inc. (Eversana)	Common Stock	3,096		953		0.1		%		759
LSCS Holdings, Inc. (Eversana)	Preferred Stock	447		447		0.1				534
Nephron Pharmaceuticals, LLC	Common Stock	128,000		-		0.0				117
Teal Acquisition Co., Inc	Common Stock	5,555		556		0.1				480
WCT Group Holdings, LLC	Common Stock	118		1,176		0.4				2,542
			$3,132		0.7		%		4,432
Retailing
MeriCal, LLC	Preferred Stock	521		103		0.0		%		—
MeriCal, LLC	Common Stock	5,334		-		0.0				—
Palmetto Moon LLC	Common Stock	61		-		0.1				812
Slickdeals Holdings, LLC (7)	Common Stock	4,965		8,305		1.0				8,084
Slickdeals Holdings, LLC (7)	Common Stock	283		-		0.0				—
Vivid Seats Ltd. (6)(15)	Common Stock	5,446		239		0.0				39
Vivid Seats Ltd. (6)(15)	Common Stock	576		7		0.0				4
Vivid Seats Ltd. (6)(12)(15)	Common Stock	143		-		0.0				—
Vivid Seats Ltd. (6)(12)(15)	Common Stock	143		-		0.0				—
			$8,654		1.1		%		8,939

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Software & Services
Certify, Inc.	Common Stock				841		$246		0.0		%		149
Lexipol (Ranger Buyer, Inc.)	Common Stock				638		638		0.1				881
Lexipol (Ranger Buyer, Inc.)	Common Stock				638		-		0.0				173
Lexipol (Ranger Buyer, Inc.)	Common Stock				5		5		0.0				6
New Era Technology, Inc.	Common Stock				4,269		-		0.0				-
New Era Technology, Inc.	Preferred Stock				4,269		4,878		0.6				4,391
NMN Holdings III Corp.	Common Stock				11,111		1,111		0.3				2,061
Odessa Technologies, Inc.	Common Stock				10,714		1,071		0.1				1,050
Saturn Borrower Inc	Common Stock				434,163		481		0.1				699
						$8,430		1.2		%		9,410
Transportation
Xpress Global Systems, LLC	Common Stock				12,544		—		-				-
						—		-				-
Total Equity InvestmentsUnited States						$101,675		14.7		%		106,229
Total United States						$1,407,658		194.2		%		$1,371,016
Canada
Debt Investments
Commercial & Professional Services
Klick Inc. (4)(5)(11)	Unitranche First Lien Delayed Draw Term Loan			11/2032	—		(5)		0.0				(11)
Klick Inc. (4)(5)(11)	Unitranche First Lien Revolver			11/2032	—		(11)		0.0				(11)
Klick Inc. (11)	Unitranche First Lien Term Loan	S + 500 (75 Floor)	8.72%	11/2032	$20,604		$20,501		2.9				20,501
Total Debt InvestmentsCanada						20,485		2.9		%		20,479
Equity Investments
Telecommunication Services
Sandvine Corporation (11)	Common Stock				81,818		—		0.0				—
Total Equity InvestmentsCanada						—		0.0		%		—
Total Canada						$20,485		$2.9		%		$20,479

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Finland
Debt Investments
Software & Services
SC MidCo Oy (5)(11)	Unitranche First Lien Delayed Draw Term Loan	SN + 525	7.33%	03/2032	€83	$83	0.0	%	$83
SC MidCo Oy (11)	Unitranche First Lien Term Loan	SN + 525	7.67%	03/2032	€2,110	1,921	0.3		2,109
					2,193	2,004	0.3	%	2,192
Total Debt InvestmentsFinland					€2,193	$2,004	0.3	%	2,192
Total Finland					€2,193	$2,004	0.3	%	$2,192
United Kingdom
Debt Investments
Commercial & Professional Services
Crusoe Bidco Limited (11)	Unitranche First Lien Term Loan	SN + 625	9.98%	12/2027	£8,262	$7,692	1.2	%	$8,262
Crusoe Bidco Limited (11)	Unitranche First Lien Delayed Draw Term Loan	SN + 625	9.98%	12/2027	£1,117	1,008	0.2		1,117
Nurture Landscapes (11)	Unitranche First Lien Term Loan	SN + 650	10.46%	06/2028	£1,909	1,970	0.3		1,909
Nurture Landscapes (11)	Unitranche First Lien Delayed Draw Term Loan	SN + 650	10.22%	06/2028	£528	527	0.1		528
Nurture Landscapes (11)	Unitranche First Lien Delayed Draw Term Loan	SN + 650	10.47%	06/2028	£14,831	13,455	2.0		14,831
Nurture Landscapes (11)	Unitranche First Lien Delayed Draw Term Loan	SN + 650	10.47%	06/2028	£2,878	2,661	0.4		2,878
Nurture Landscapes (11)	Unitranche First Lien Delayed Draw Term Loan	SN + 650	10.44%	06/2028	£3,837	3,625	0.5		3,837
Nurture Landscapes (11)	Unitranche First Lien Delayed Draw Term Loan	SN + 650	10.47%	06/2028	£6,715	6,322	1.0		6,715
					£40,077	$37,260	5.7		40,077

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Consumer Durables & Apparel
Lion Cashmere Bidco Limited (11)	Unitranche First Lien Term Loan	S + 600 (50 Floor)	9.84%	03/2028	$4,352		$4,308		0.4		%		$2,950
Lion Cashmere Bidco Limited (11)	Unitranche First Lien Term Loan	S + 600 (50 Floor)	9.84%	03/2028	$9,939		9,845		1.0				6,739
Lion Cashmere Bidco Limited (11)	Unitranche First Lien Term Loan	S + 600 (50 Floor)	9.84%	03/2028	$4,953		4,900		0.5				3,358
Lion Cashmere Bidco Limited (4)(5)(11)	Unitranche First Lien Delayed Draw Term Loan			03/2028	—		(33)		(0.1)				(1,043)
					£19,244		$19,020		1.8		%		12,004
Food, Beverage & Tobacco
APC Bidco Limited (11)	Unitranche First Lien Term Loan	SN + 636.93	10.34%	10/2030	£5,850		$5,229		0.8		%		$5,850
APC Bidco Limited (5)(11)	Unitranche First Lien Delayed Draw Term Loan	SN + 636.93	10.10%	10/2030	£2,685		2,534		0.4				2,685
					£8,535		$7,763		1.2		%		8,535
Software & Services
Jordan Bidco, Ltd. (11)	Unitranche First Lien Term Loan	SN + 600	9.97%	08/2028	£17,842		$17,953		2.4		%		$17,843
Jordan Bidco, Ltd. (5)(11)	Unitranche First Lien Delayed Draw Term Loan	SN + 600	9.99%	08/2028	£549		522		0.1				549
					£18,391		$18,475		2.5		%		18,392
Total Debt InvestmentsUnited Kingdom					£86,247		$82,518		11.2		%		$79,008
Equity Investments
Health Care Equipment & Services
VetStrategy (11)	Common Stock				£37,612		$30		—		%		-
VetStrategy (11)	Preferred Stock				£2,126,875		968		0.3				2,051
					2,164,487		$998		0.3		%		2,051
Total Equity InvestmentsUnited Kingdom						$998		0.3		%		2,051
Total United Kingdom						$83,516		11.5		%		$81,059

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Jersey
Debt Investments
Diversified Financials
Primrose Bidco Limited (11)	Unitranche First Lien Term Loan	S + 550	9.47%	11/2031	£6,741		$6,150		1.0		%		$6,741
					£6,741		6,150		1.0				6,741
Total Debt InvestmentsJersey					£6,741		6,150		1.0		%		6,741
Total Jersey						$6,150		1.0		%		$6,741
Netherlands
Debt Investments
Commercial & Professional Services
Avidity Acquisition B.V. (5)(10)(11)	Unitranche First Lien - Last Out Delayed Draw Term Loan	E + 525	7.37%	03/2032	€106		$105		—		%		$106
Avidity Acquisition B.V. (10)(11)	Unitranche First Lien - Last Out Term Loan	E + 525	7.37%	03/2032	€2,574		2,284		0.4				2,574
Pitch MidCo B.V. (5)(11)	Unitranche First Lien Delayed Draw Term Loan	E + 550	5.50%	04/2031	€508		477		0.1				508
Pitch MidCo B.V. (11)	Unitranche First Lien Term Loan	E + 550	7.52%	04/2031	€3,366		2,997		0.4				3,366
Pitch MidCo B.V. (11)	Unitranche First Lien Term Loan	E + 625	8.28%	04/2031	€1,889		1,803		0.3				1,889
					8,443		$7,666		1.2		%		8,443

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Pharmaceuticals, Biotechnology & Life Sciences
Eagle Midco B.V. (Avania) (11)	Unitranche First Lien Term Loan	E + 750 (plus 750 PIK)	9.53%	07/2029	€2,800		$2,465		0.3		%		$2,047
Eagle Midco B.V. (Avania) (5)(11)	Unitranche First Lien Delayed Draw Term Loan	S + 775 (plus 775 PIK)	11.87%	07/2029	€1,383		1,354		0.0				232
Eagle Midco B.V. (Avania) (11)	Unitranche First Lien Term Loan	S + 775 (plus 775 PIK)	11.72%	07/2029	€3,705		3,649		0.4				2,708
					7,888		$7,468		0.7		%		4,987
Total Debt InvestmentsNetherlands					16,331		$15,134		1.9		%		13,430
Total Netherlands						$15,134		1.9		%		$13,430
Belgium
Equity Investments
Commercial & Professional Services
Miraclon Corporation (11)	Common Stock				1,025		$1		0.0		%		$—
Miraclon Corporation (11)	Preferred Stock				90,601		73		0.0				106
						74		0.0				106
Total Equity InvestmentsBelgium						$74		0.0		%		$106
Total Belgium						$74		0.0		%		$106
Australia
Debt Investments
Commercial & Professional Services
Ancora Bidco PTY LTD (4)(5)(11)	Unitranche First Lien Delayed Draw Term Loan			11/2030	AUD 0		$(23)		0.0		%		$14
Ancora Bidco PTY LTD (11)	Unitranche First Lien Term Loan	B + 500 (50 Floor)	8.60%	11/2030	AUD 6,928		6,726		1.0				6,998
					AUD 6,928		$6,703		1.0		%		7,012

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Retailing
Greencross (Vermont Aus Pty Ltd) (11)	Unitranche First Lien Term Loan	B + 450	8.29%	03/2028	AUD 19,270		$21,283		2.7		%		$19,269
Greencross (Vermont Aus Pty Ltd) (11)	Unitranche First Lien Term Loan	B + 450 (75 Floor)	8.29%	03/2028	AUD 3,214		3,316		0.5				3,214
					AUD 22,484		$24,599		3.2		%		22,483
Total Debt InvestmentsAustralia					AUD 29,412		$31,302		4.2		%		29,495
Equity Investments
Commercial & Professional Services
Ancora Bidco PTY LTD (11)	Common Stock				128,654,071		$1,325		0.3		%		$1,778
Ancora Bidco PTY LTD (11)	Common Stock				6,771,267		70		0.0				94
						1,395		0.3				1,872
Total Equity InvestmentsAustralia						$1,395		0.2		%		1,872
Total Australia						$32,697		4.4		%		$31,367
Sweden
Debt Investments
Retailing
AX VI INV2 Holding AB (Voff) (5)(6)(11)	Unitranche First Lien Term Loan	E + 450 (plus 150 PIK)	8.06%	08/2029	€10,735		$9,076		1.5		%		$10,736
AX VI INV2 Holding AB (Voff) (4)(5)(6)(11)	Senior Secured First Lien Revolver			08/2029	€—		(5)		0.0				—
AX VI INV2 Holding AB (Voff) (6)(11)	Senior Secured Second Lien Term Loan	1206.2 PIK	12.06%	08/2030	€3,151		2,743		0.4				3,151
AX VI INV2 Holding AB (Voff) (6)(11)	Unitranche First Lien Delayed Draw Term Loan	E + 450 (plus 150 PIK)	8.02%	08/2029	€1,814		1,632		0.3				1,814
					15,700		13,446		2.2		%		15,701
Total Debt InvestmentsSweden					€15,700		$13,446		2.2		%		15,701

CRESCENT CAPITAL BDC, Inc.Consolidated Schedule of InvestmentsDecember 31, 2025(in thousands, except share and per share data)
Country/Security/Industry/Company · Investment Type · InterestTerm * · InterestRate · Maturity/DissolutionDate · PrincipalAmount, Par Value or Shares · Cost · Percentageof NetAssets * · FairValue
Equity Investments
Retailing
AX VI INV2 Holding AB (Voff) (6)(11)	Common Stock				1,140,447		1,086		0.4		%		2,561
						1,086		0.4		%		2,561
Total Equity InvestmentsSweden						1,086		0.4		%		2,561
Total Sweden						$14,532		2.6		%		$18,262
Switzerland
Debt Investments
Pharmaceuticals, Biotechnology & Life Sciences
Solvias AG (4)(5)(11)	Senior Secured First Lien Revolver			02/2032	CHF 0		(59)		0.0		%		-
Solvias AG (11)	Senior Secured First Lien Term Loan	S + 550 (75 Floor)	6.25%	02/2032	CHF 24,122		20,770		3.4				24,182
					CHF 24,122		20,711		3.4		%		24,182
Total Debt InvestmentsSwitzerland					CHF 24,122		$20,711		3.4		%		24,182
Equity Investments
Pharmaceuticals, Biotechnology & Life Sciences
Sequence Parent (11)	Common Stock				47,124		409		0.1		%		472
Sequence Parent (11)	Preferred Stock				685		99		-				112
						508		0.1		%		584
Total Equity InvestmentsSwitzerland						508		0.1		%		584
Total Switzerland						$21,219		$3.5		%		$24,766
Total Investments						$1,603,469		$222.3		%		$1,569,418
Cash and Cash Equivalents
Goldman Sachs Financial Square Government Fund - Institutional Shares			3.69%			$2,967		0.4				$2,967
Other Cash						$28,831		4.1				$28,530
Cash and Cash Equivalents Total						$31,798		4.5		%		$31,497

*The majority of the investments bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate (“SOFR” or “S”), Prime (“P”), EURIBOR (“E”), SONIA (“SN”), or BBSY ("B") and which reset monthly, quarterly, semiannually or annually. For each, the Company has provided the spread over the reference rate and the current interest rate in effect at the reporting date. The impact of a credit spread adjustment, if applicable, is included within the stated all-in interest rate. As of December 31, 2025, thereference rates for the Company's variable rate loans are represented in the below table. Certain investments are subject to an interest rate floor. For fixed rate loans, a spread above a reference rate is not applicable.

**The total par amount is presented for debt investments, while the number of shares or units owned is presented for equity investments. Par amount is denominated in U.S. Dollars ("$") unless otherwise noted.

***Percentage is based on net assets of $706,038 as of December 31, 2025.

	Tenor
Reference Rate	Overnight	1 month	3 month	6 Month	12 Month
Prime (“P”)	6.75%	-	-	-	-
SOFR (“S”)	-	3.69%	3.65%	3.57%	3.14%
EURIBOR (“E”)	-	1.96%	2.06%	2.12%	2.22%
SONIA (“SN”)	3.73%	-	-	-	-
BBSY ("B")	-	-	3.60%	-	-
SARON ("SR")	-	-0.04%	-	-	-

(1)

All positions held are non-controlled/non-affiliated investments, unless otherwise noted, as defined by the 1940 Act. Non-controlled/non-affiliated investments are investments that are neither controlled nor affiliated.

(2)

All debt investments are income-producing, unless otherwise noted. Equity and member interests are non-income-producing unless otherwise noted. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.

(3)

The fair value of the investment was determined using significant unobservable inputs unless otherwise noted, as defined by the 1940 Act. See Note 2 “Summary of Significant Accounting Policies”.

(4)

The negative cost, if applicable, is the result of the capitalized discount or unfunded commitment being greater than the principal amount outstanding on the loan. The negative fair value, if applicable, is the result of the capitalized discount or unfunded commitment on the loan.

(5)

Position or portion thereof is an unfunded loan commitment and no interest is being earned on the unfunded portion. The investment may be subject to an unused/letter of credit facility fee. See Note 8 “Commitments, Contingencies and Indemnifications”.

(6)

As defined in the 1940 Act, the portfolio company is deemed to be a “non-controlled affiliated person” of the Company because the Company owns, either directly or indirectly,5% or more of the portfolio company’s outstanding voting securities. See Note 3 “Agreements and Related Party Transactions”.

(7)

As defined in the 1940 Act, the portfolio company is deemed to be a “controlled affiliated person” of the Company because the Company owns, either directly or indirectly,25% or more of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company. See Note 3 “Agreements and Related Party Transactions”.

(8)

Fixed rate investment.

(9)

The investment is on non-accrual status as of December 31, 2025.

(10)

These loans are unitranche first lien/last-out term loans. In addition to the interest earned based on the effective interest rate of this loan, which is the amount reflected in this schedule, the Company is entitled to receive additional interest as a result of an agreement among lenders whereby the loan has been allocated to “first-out” and “last-out” tranches, whereby the “first-out” tranche will have priority as to the “last-out” tranche with respect to payments of principal, interest and any amounts due thereunder. The Company holds the “last-out” tranche.

(11)

Investment is not a qualifying investment as defined under Section 55 (a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition. The Company’s percentage of non-qualifying assets based on fair value was 9.7% as of December 31, 2025.

(12)

This investment is valued using observable inputs and is considered a Level 2 investment per FASB guidance under ASC 820. See Note 5 for further information related to investments at fair value.

(13)

This investment was valued using net asset value as a practical expedient for fair value. Consistent with FASB guidance under ASC 820, these investments are excluded from the hierarchical levels.

(14)

Capital contributed to this investment is subject to restrictions on withdrawal.

(15)

This investment is valued using observable inputs and is considered a Level 1 investment per FASB guidance under ASC 820. See Note 5 for further information related to investments at fair value

Foreign Currency Exchange Contracts

Counterparty	Currency Purchased	Currency Sold	Settlement	Unrealized Appreciation(Depreciation)
Wells Fargo Bank, N.A.	USD 1,049	SEK 11,583	8/20/2027	$(170)
Wells Fargo Bank, N.A.	USD 19,163	AUD 29,250	3/22/2028	$1,311
Wells Fargo Bank, N.A.	USD 3,400	AUD 5,401	3/22/2028	$103
Wells Fargo Bank, N.A.	USD 6,173	AUD 10,174	10/6/2028	$104
Wells Fargo Bank, N.A.	USD 21,697	CHF 18,703	2/24/2028	$(1,964)
Wells Fargo Bank, N.A.	USD 167	GBP 121	6/3/2026	$7
Wells Fargo Bank, N.A.	USD 1,915	GBP 1,362	6/3/2026	$107
Wells Fargo Bank, N.A.	USD 365	GBP 272	6/3/2026	$4
Wells Fargo Bank, N.A.	USD 3,027	GBP 2,237	6/3/2026	$58
Wells Fargo Bank, N.A.	USD 17,391	GBP 12,870	8/24/2026	$441
Total Foreign Currency Exchange Contracts				$1
AUD Australian Dollar ("AUD")CHF Swiss FrancEUR Euro ("€")GBP Great British Pound ("£")	PIK Payment-In-Kind SEK Swedish KronaUSD United States Dollar ("$")

CRESCENT CAPITAL BDC, Inc.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.