<SEC-DOCUMENT>0001193125-21-239178.txt : 20210930
<SEC-HEADER>0001193125-21-239178.hdr.sgml : 20210930
<ACCEPTANCE-DATETIME>20210806153107
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-21-239178
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20210806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Crescent Capital BDC, Inc.
		CENTRAL INDEX KEY:			0001633336
		IRS NUMBER:				473162282
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		11100 SANTA MONICA BLVD.
		STREET 2:		SUITE 2000
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		310-235-5971

	MAIL ADDRESS:	
		STREET 1:		11100 SANTA MONICA BLVD.
		STREET 2:		SUITE 2000
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<TD VALIGN="middle"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Monica J. Shilling, P.C.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">To Call
Writer Directly:<BR>+1 310 552 4355</P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center">monica.shilling@kirkland.com</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">2049 Century Park East</P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Los Angeles, CA 90067</P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">United States</P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">+1 310 552 4200</P> <P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="center">www.kirkland.com</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center">Facsimile:<BR>+1 310 552 5900</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August&nbsp;6, 2021 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">VIA EDGAR
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Lisa&nbsp;N. Larkin </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Investment
Management </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington,
D.C., 20549 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Crescent Capital BDC, Inc. Form <FONT STYLE="white-space:nowrap">N-2/A</FONT> Filed
June</U><U></U><U>&nbsp;24, 2021 </U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Ms.&nbsp;Larkin: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In a telephone conversation on July&nbsp;19, 2021, you provided us with verbal comments on the
<FONT STYLE="white-space:nowrap">Pre-Effective</FONT> Amendment No.&nbsp;1 to the Registration Statement filed on Form <FONT STYLE="white-space:nowrap">N-2/A</FONT> (the &#147;Form <FONT STYLE="white-space:nowrap">N-2&#148;</FONT> or the
&#147;Registration Statement&#148;), filed by Crescent Capital BDC, Inc. (the &#147;Fund&#148; or the &#147;Registrant&#148;) on June&nbsp;24, 2021. We have revised the Registration Statement to respond to the comments you provided during the
telephone conversation, and today filed the <FONT STYLE="white-space:nowrap">Pre-Effective</FONT> Amendment No.&nbsp;2 to the Registration Statement (the &#147;Amended Registration Statement&#148;). We are concurrently filing this letter via EDGAR
as a correspondence filing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Set forth below are the comments of the staff of the Division of Investment Management (the
&#147;Staff&#148;) of the Securities and Exchange Commission provided by you, and immediately below each such comment is the response with respect thereto and, where applicable, the location in the relevant filing of the requested disclosure.
Capitalized terms used but not defined herein shall have the meanings set forth in the Form <FONT STYLE="white-space:nowrap">N-2.</FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Form <FONT
STYLE="white-space:nowrap">N-2</FONT> </I></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><I>1.</I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>(Page 2) Please confirm that neither of the Fund&#146;s corporate subsidiaries referred to as not being
consolidated for income tax purposes is an &#147;investment company&#148; as that term is defined in the Investment Company Act of 1940 (the &#147;1940 Act&#148;). </I></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>Response: </B>The Fund confirms that neither of its corporate subsidiaries referred to as not being consolidated for income tax purposes is
an &#147;investment company&#148; as that term is defined in the 1940 Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Austin&nbsp;&nbsp;&nbsp;&nbsp; Bay&nbsp;Area&nbsp;&nbsp;&nbsp;&nbsp;
Beijing&nbsp;&nbsp;&nbsp;&nbsp; Boston&nbsp;&nbsp;&nbsp;&nbsp; Chicago&nbsp;&nbsp;&nbsp;&nbsp; Dallas&nbsp;&nbsp;&nbsp;&nbsp; Hong&nbsp;Kong&nbsp;&nbsp;&nbsp;&nbsp; Houston&nbsp;&nbsp;&nbsp;&nbsp; London&nbsp;&nbsp;&nbsp;&nbsp;
Munich&nbsp;&nbsp;&nbsp;&nbsp; New&nbsp;York&nbsp;&nbsp;&nbsp;&nbsp; Paris&nbsp;&nbsp;&nbsp;&nbsp; Shanghai&nbsp;&nbsp;&nbsp;&nbsp; Washington,&nbsp;D.C. </P>
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 </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">August 6, 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 2 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><I>2.</I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>(Page 11) The Staff refers to the disclosures in footnote 12 and 13 of the fees and expenses table on pages
11 and 12 of the Registration Statement, respectively, under the heading &#147;Fees and Expenses.&#148; The Staff notes that Crescent Cap Advisors, LLC&#146;s (the &#147;Advisor&#148;) management fee waiver will expire on July&nbsp;31, 2021 and
income incentive fee waiver will expire on July&nbsp;31, 2021. In order for the Registrant to present a fee waiver line item in the fees and expenses table, the waiver must remain in effect for a period of at least 12 months from the date of the
prospectus included in the Registration Statement (the &#147;Prospectus&#148;). Please revise the disclosure to confirm that the management fee waiver and income incentive fee waiver will remain in effect for a period of 12 months from the date of
the Prospectus or remove such disclosure and any other similar disclosure in the Registration Statement.</I> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman"><B>Response: </B>The Registrant has revised the disclosure as requested to remove both the management fee waiver and income incentive fee
waiver. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*********************** </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We look forward to discussing with you any additional questions you may have regarding the Form <FONT STYLE="white-space:nowrap">N-2.</FONT>
Please do not hesitate to call me at (310) <FONT STYLE="white-space:nowrap">552-4355.</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top">Very truly yours,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Monica J. Shilling</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Monica J. Shilling</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">cc:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jason Breaux, Chief Executive Officer </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Gerhard Lombard, Chief Financial Officer </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">George Hawley, General Counsel </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Crescent Capital BDC, Inc. </P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
