UFCW-NCA Pension Plan Holds 2.12% of Crescent Capital BDC (CCAP)

Rhea-AI Filing Summary

Crescent Capital BDC, Inc. Schedule 13G/A shows that the UFCW-Northern California Employers Joint Pension Plan beneficially owns 784,356.40 shares of the issuer's common stock, representing 2.12% of the outstanding shares based on a 37,061,547 share universe. The filing states these shares are held with sole voting and dispositive power over 784,356.40 shares.

The reporting person also discloses it ceased to be the beneficial owner of more than 5% of the class on July 10, 2025, and affirms the holdings were acquired and are held in the ordinary course of business and not to influence control of the issuer.

Positive

• Clear disclosure of ownership amount (784,356.40 shares) and percentage (2.12%)
• Confirmed sole voting and dispositive power over the reported shares
• Explicit certification that holdings were acquired and are held in the ordinary course of business and not to influence control

Negative

• Reduced influence: reporting person ceased to be beneficial owner of more than 5% (no longer qualifies as a >5% holder)
• No material transaction details provided that would explain the reduction below 5%, limiting insight into causes of change

Insights

Financial Analyst

TL;DR: Ownership now at 2.12%, below 5% threshold; routine disclosure with limited market-impact implications.

This amendment clarifies the plan's current position: 784,356.40 shares held with sole voting and dispositive power, equating to 2.12% of the 37,061,547 shares outstanding. The report explicitly notes the plan fell below the 5% ownership threshold on July 10, 2025. For investors, this is a standard regulatory update documenting a reduction in reported ownership that removes certain Schedule 13D obligations; it does not report any change in control intent or material transactions beyond the ownership level disclosure.

Corporate Governance Expert

TL;DR: Governance disclosure is complete and complies with passive investor classification; no governance activism signaled.

The filing classifies the reporting person as an employee benefit plan (EP) and certifies holdings are in the ordinary course of business and not intended to influence control. The declaration of sole voting and dispositive power over the disclosed shares is notable for recordkeeping but, combined with the sub-5% stake, indicates no actionable governance influence. This is a compliance-focused amendment rather than a governance event.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Crescent Capital BDC, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

225655109

(CUSIP Number)

07/10/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 225655109

1

Names of Reporting Persons

UFCW-Northern California Employers Joint Pension Plan

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 784,356.40
6	Shared Voting Power 0.00
7	Sole Dispositive Power 784,356.40
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

784,356.40

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.12 %

12

Type of Reporting Person (See Instructions)

EP

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Crescent Capital BDC, Inc.
(b)	Address of issuer's principal executive offices: 11100 Santa Monica Blvd, Suite 2000, Los Angeles, California, 90025
Item 2.
(a)	Name of person filing: UFCW-Northern California Employers Joint Pension Plan
(b)	Address or principal business office or, if none, residence: 1000 Burnett Ave, Suite 200, Concord, CA 94520
(c)	Citizenship: California
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 225655109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 784,356.40 shares The percentage of shares of Common Stock beneficially owned by the Reporting Person is based on a total of 37,061,547 shares of Common Stock of the Issuer outstanding as of May 27, 2025, as disclosed in the Form N-2/A of the Issuer filed with the Securities and Exchange Commission on July 14, 2025. The percentage of shares of Common Stock beneficially owned by the Reporting Person and the number of shares of Common Stock beneficially owned by the Reporting Person and over which the Reporting Person has voting control and the power to dispose or direct the disposition of are calculated as of August 19, 2025, the date of filing this Schedule 13G/A. The Reporting Person ceased to be the beneficial owner of more than five percent of the Common Stock of the Issuer on July 10, 2025.
(b)	Percent of class: 2.12%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 784,356.40 shares
	(ii) Shared power to vote or to direct the vote: 0 shares
	(iii) Sole power to dispose or to direct the disposition of: 784,356.40 shares
	(iv) Shared power to dispose or to direct the disposition of: 0 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

UFCW-Northern California Employers Joint Pension Plan

Signature:	/s/ Rick A. Silva
Name/Title:	Rick A. Silva, Executive Director & Plan Administrator on behalf of the UFCW Northern California Employers Joint Pension Plan
Date:	08/19/2025

FAQ

How many shares of CCAP does the UFCW-Northern California Employers Joint Pension Plan report owning?

The plan reports owning 784,356.40 shares of CCAP common stock.

What percentage of CCAP does the reported ownership represent?

The reported shares represent 2.12% of CCAP's outstanding common stock based on 37,061,547 shares.

Does the filing indicate the plan has voting control over its shares?

Yes; the filing reports sole voting power and sole dispositive power over 784,356.40 shares.

Did the reporting person previously hold more than 5% of CCAP?

Yes; the filing states the reporting person ceased to be the beneficial owner of more than 5% of the common stock on July 10, 2025.

Is the filing indicative of an attempt to influence control of CCAP?

No; the reporting person certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control.