NEW YORK, Jan. 12, 2021 (World NEWSWIRE) — Portman Ridge Finance Company (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a business improvement business, nowadays declared that its Chief Financial Officer (CFO) and Treasurer, Edward (Ted) Gilpin, has communicated his programs to retire and that Jason T. Roos will thrive him as the Company’s CFO, successful March 1, 2021. Mr. Gilpin will continue to be with the Company as a result of March 1, 2021 to assure a clean transition.
“It’s been my satisfaction and privilege to provide as Portman Ridge’s CFO and be element of the Company’s transformation by its mergers with OHA Expense Corp., Garrison Capital Inc., and the most the latest settlement to merge with Harvest Capital Credit rating Company,” explained Mr. Gilpin. “Portman Ridge’s potent economic and aggressive positions, and its administration by Sierra Crest Financial investment Management, LLC, an affiliate of BC Associates LLP, make me confident of the Company’s prospective buyers for continued results.”
“Ted turned CFO in 2012 when Portman Ridge was internally managed as KCAP Economic, Inc. and has been a must have in the enhancement and execution of our small business methods,” said Ted Goldthorpe, Main Government Officer of Portman Ridge. “During this time, he made a proficient monetary and accounting workforce. I want to thank Ted for being a trustworthy advisor and enterprise partner, and for his leadership and personalized dedication through his time at Portman Ridge.”
“As we go on to mature and execute on our strategic vision, Jason’s a long time of encounter in senior fiscal management roles will be integral to the Portman Ridge management staff in 2021 and beyond,” commented Mr. Goldthorpe.
Mr. Roos joined BC Companions LLP in May perhaps 2020 and delivers approximately 20 yrs of practical experience in money roles, most not too long ago as Credit score Item CFO, the place he is responsible for the integrity and precision of money reporting and the all round control atmosphere of the credit score company. Prior to joining BC Associates, Mr. Roos served in different roles with Wells Fargo & Organization from 2011 to 2020, like serving as Controller for Wells Fargo’s expense financial institution and institutional broker supplier, Wells Fargo Securities. Prior to that, from 2002 to 2011, Mr. Roos delivered audit and advisory services to money establishments at PricewaterhouseCoopers LLP. Mr. Roos attained his B.A. in accounting and finance from the College of Northern Iowa and is a Accredited Community Accountant registered in New York, Iowa, and Minnesota.
About Portman Ridge Finance Corporation
Portman Ridge Finance Company (NASDAQ: PTMN) is a publicly traded, externally managed investment decision business that has elected to be regulated as a business enhancement corporation under the Financial investment Business Act of 1940. Portman Ridge’s middle market investment decision small business originates, constructions, funds and manages a portfolio of term loans, mezzanine investments and chosen equity securities in center current market organizations. Portman Ridge’s financial commitment routines are managed by its financial investment adviser, Sierra Crest Expenditure Management LLC, an affiliate of BC Associates Advisors, LP.
Portman Ridge’s filings with the Securities and Trade Fee (the “SEC”), earnings releases, push releases and other fiscal, operational and governance information and facts are accessible on the Firm’s web page at www.portmanridge.com.
Cautionary Assertion Pertaining to Ahead-Hunting Statements
This push launch contains ahead-seeking statements. The issues reviewed in this push release, as perfectly as in future oral and created statements by management of Portman Ridge Finance Company, that are ahead-looking statements are primarily based on existing administration expectations that require significant dangers and uncertainties which could result in precise benefits to differ materially from the success expressed in, or implied by, these ahead-hunting statements.
Ahead-searching statements relate to foreseeable future occasions or our future economical overall performance and consist of, but are not constrained to, projected financial overall performance, predicted progress of the business enterprise, ideas and expectations about future investments and the foreseeable future liquidity of the Firm. We typically recognize forward-searching 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 unfavorable of these conditions or other very similar words and phrases. Ahead-hunting statements are primarily based on present-day strategies, estimates and expectations that are topic to pitfalls, uncertainties and assumptions. Really should one particular or a lot more of these pitfalls or uncertainties materialize, or ought to fundamental assumptions demonstrate to be incorrect, precise results may well change materially from those people indicated or anticipated by these forward-seeking statements. We do not undertake to publicly update or revise any ahead-searching statements, regardless of whether as a consequence of new info, future situations or usually, except as needed to be claimed underneath the rules and polices of the SEC.
Contacts:
Portman Ridge Finance Company
650 Madison Avenue, 23rd flooring
New York, NY 10022
[email protected]
Jason Roos
[email protected]
(212) 891-2880
Jeehae Linford
The Equity Team Inc.
[email protected]
(212) 836-9615
