BlackRock Capital Investment Corporation Announces Transition in Leadership and Elevation of Senior Investors
He succeeds
The transition comes as USPC and BlackRock’s credit platform prepare for a significant new phase of growth and development, which includes new product launches and an ongoing expansion of its capabilities and team.
“Mike helped to integrate and enhance the
Mr. Mehring has been an integral member of the BCIC leadership team
since joining in 2005, focusing on sourcing, underwriting and portfolio
management. Before coming to
Mr. Merriman also has been a key part of BCIC since 2005. He too focuses
on sourcing, origination and heads portfolio management. Previously, he
was a Managing Director with
In addition, Mr. Zugay will no longer stand for election as a director
of BCIC's board of directors. In light of these developments, the BCIC
will call to order its Annual Meeting of Stockholders, scheduled to be
held on
About
The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in middle-market companies in the form of senior and junior secured and unsecured debt securities and loans, each of which may include an equity component, and by making direct preferred, common and other equity investments in such companies.
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Source:
BlackRock Capital Investment Corporation
Investors:
Nik
Singhal, 212-810-5427
nik.singhal@blackrock.com
or
Press:
Tara
McDonnell, 212-810-5337
tara.mcdonnell@blackrock.com