KCAP Financial, Inc. Announces Closing of a $408.5 Million CLO Fund to be Managed by Trimaran Advisors, L.L.C.
21 Dicembre 2016 - 10:05PM
KCAP Financial, Inc. (“KCAP”) (Nasdaq:KCAP) (NYSE:KAP) announced
that Catamaran CLO 2016-1 Ltd., a $408.5 million Collateralized
Loan Obligation (“CLO”) fund has closed. Trimaran Advisors, L.L.C.,
a wholly-owned portfolio company of KCAP, will serve as the
investment manager for the CLO and KCAP will invest approximately
$10.1 million in the junior tranche of notes issued by the fund.
This is the sixth CLO fund brought to the market since KCAP’s
acquisition of Trimaran Advisors, L.L.C. in February of 2012.
About KCAP Financial, Inc.
KCAP Financial, Inc. is a publicly traded, internally managed
business development company. KCAP’s middle market investment
business originates, structures, finances and manages a portfolio
of term loans, mezzanine investments and selected equity securities
in middle market companies. KCAP’s wholly-owned portfolio
companies, including Trimaran Advisors, L.L.C. and other
affiliates, manage collateralized debt obligation funds that invest
in broadly syndicated corporate term loans, and other credit
instruments.
KCAP Financial, Inc.'s filings with the Securities and Exchange
Commission, earnings releases, press releases and other financial,
operational and governance information are available on its website
at www.kcapfinancial.com.
KCAP-G
CONTACT:
Ted Gilpin
Gilpin@kcapinc.com
(212) 455-8300
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