NEW YORK, Jan. 12, 2021 (Globe NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a company development enterprise, nowadays announced that its Chief Monetary Officer (CFO) and Treasurer, Edward (Ted) Gilpin, has communicated his options to retire and that Jason T. Roos will thrive him as the Company’s CFO, effective March 1, 2021. Mr. Gilpin will continue being with the Business by way of March 1, 2021 to assure a smooth transition.
“It’s been my pleasure and privilege to provide as Portman Ridge’s CFO and be portion of the Company’s transformation via its mergers with OHA Investment Corp., Garrison Cash Inc., and the most modern arrangement to merge with Harvest Money Credit history Corporation,” claimed Mr. Gilpin. “Portman Ridge’s powerful financial and aggressive positions, and its administration by Sierra Crest Expense Management, LLC, an affiliate of BC Partners LLP, make me confident of the Company’s prospective customers for ongoing achievement.”
“Ted grew to become CFO in 2012 when Portman Ridge was internally managed as KCAP Economical, Inc. and has been a must have in the improvement and execution of our company strategies,” mentioned Ted Goldthorpe, Main Govt Officer of Portman Ridge. “During this time, he created a talented fiscal and accounting crew. I want to thank Ted for becoming a reliable advisor and enterprise lover, and for his management and own dedication all through his time at Portman Ridge.”
“As we carry on to grow and execute on our strategic eyesight, Jason’s years of expertise in senior monetary leadership roles will be integral to the Portman Ridge management workforce in 2021 and further than,” commented Mr. Goldthorpe.
Mr. Roos joined BC Associates LLP in Could 2020 and brings virtually 20 many years of experience in monetary roles, most not long ago as Credit score Product or service CFO, where he is dependable for the integrity and precision of economic reporting and the total management setting of the credit score organization. Prior to joining BC Companions, Mr. Roos served in a variety of roles with Wells Fargo & Company from 2011 to 2020, which includes serving as Controller for Wells Fargo’s financial commitment financial institution and institutional broker vendor, Wells Fargo Securities. Prior to that, from 2002 to 2011, Mr. Roos furnished audit and advisory services to monetary institutions at PricewaterhouseCoopers LLP. Mr. Roos attained his B.A. in accounting and finance from the University of Northern Iowa and is a Accredited General public Accountant registered in New York, Iowa, and Minnesota.
About Portman Ridge Finance Corporation
Portman Ridge Finance Corporation (NASDAQ: PTMN) is a publicly traded, externally managed expenditure business that has elected to be regulated as a business growth enterprise underneath the Financial investment Firm Act of 1940. Portman Ridge’s center sector expenditure small business originates, buildings, funds and manages a portfolio of expression financial loans, mezzanine investments and chosen equity securities in middle market place corporations. Portman Ridge’s investment actions are managed by its financial investment adviser, Sierra Crest Investment decision Management LLC, an affiliate of BC Companions Advisors, LP.
Portman Ridge’s filings with the Securities and Trade Commission (the “SEC”), earnings releases, push releases and other monetary, operational and governance information are available on the Company’s internet site at www.portmanridge.com.
Cautionary Statement Relating to Forward-Seeking Statements
This press release includes ahead-on the lookout statements. The matters reviewed in this press launch, as perfectly as in long run oral and written statements by management of Portman Ridge Finance Corporation, that are ahead-on the lookout statements are centered on present management anticipations that entail significant threats and uncertainties which could result in actual results to vary materially from the effects expressed in, or implied by, these ahead-hunting statements.
Ahead-hunting statements relate to long term activities or our potential financial functionality and incorporate, but are not confined to, projected economic performance, expected growth of the enterprise, options and expectations about future investments and the potential liquidity of the Firm. We usually detect ahead-seeking statements by terminology these kinds of as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “outlook”, “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the damaging of these terms or other equivalent terms. Forward-hunting statements are centered on current ideas, estimates and anticipations that are subject matter to pitfalls, uncertainties and assumptions. Need to one or extra of these threats or uncertainties materialize, or should really underlying assumptions confirm to be incorrect, precise final results could change materially from those indicated or anticipated by these ahead-wanting statements. We do not undertake to publicly update or revise any ahead-searching statements, no matter whether as a outcome of new information and facts, future gatherings or in any other case, except as necessary to be claimed beneath the regulations and restrictions of the SEC.
Portman Ridge Finance Company
650 Madison Avenue, 23rd flooring
New York, NY 10022
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