NEW YORK, Jan. 12, 2021 (World NEWSWIRE) — Portman Ridge Finance Company (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a small business development corporation, today introduced that its Main Monetary Officer (CFO) and Treasurer, Edward (Ted) Gilpin, has communicated his plans to retire and that Jason T. Roos will do well him as the Company’s CFO, helpful March 1, 2021. Mr. Gilpin will keep on being with the Organization by March 1, 2021 to assure a sleek transition.
“It’s been my enjoyment and privilege to serve as Portman Ridge’s CFO and be portion of the Company’s transformation via its mergers with OHA Expenditure Corp., Garrison Funds Inc., and the most recent agreement to merge with Harvest Funds Credit rating Company,” explained Mr. Gilpin. “Portman Ridge’s sturdy fiscal and aggressive positions, and its administration by Sierra Crest Financial investment Administration, LLC, an affiliate of BC Companions LLP, make me confident of the Company’s potential clients for continued achievements.”
“Ted became CFO in 2012 when Portman Ridge was internally managed as KCAP Economic, Inc. and has been invaluable in the progress and execution of our business strategies,” mentioned Ted Goldthorpe, Main Govt Officer of Portman Ridge. “During this time, he produced a proficient monetary and accounting crew. I want to thank Ted for staying a reliable advisor and company lover, and for his management and personal dedication in the course of his time at Portman Ridge.”
“As we go on to expand and execute on our strategic eyesight, Jason’s several years of knowledge in senior fiscal leadership roles will be integral to the Portman Ridge administration workforce in 2021 and over and above,” commented Mr. Goldthorpe.
Mr. Roos joined BC Companions LLP in May perhaps 2020 and delivers nearly 20 yrs of experience in fiscal roles, most recently as Credit rating Product CFO, wherever he is liable for the integrity and precision of fiscal reporting and the in general command ecosystem of the credit rating business. Prior to joining BC Companions, Mr. Roos served in various roles with Wells Fargo & Business from 2011 to 2020, such as serving as Controller for Wells Fargo’s financial commitment lender and institutional broker supplier, Wells Fargo Securities. Prior to that, from 2002 to 2011, Mr. Roos supplied audit and advisory solutions to financial establishments at PricewaterhouseCoopers LLP. Mr. Roos gained his B.A. in accounting and finance from the College of Northern Iowa and is a Licensed General public 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 financial commitment firm that has elected to be controlled as a business enterprise improvement firm underneath the Investment decision Organization Act of 1940. Portman Ridge’s center sector investment business originates, constructions, funds and manages a portfolio of term financial loans, mezzanine investments and chosen equity securities in center industry firms. Portman Ridge’s expenditure activities are managed by its investment adviser, Sierra Crest Expenditure Management LLC, an affiliate of BC Associates Advisors, LP.
Portman Ridge’s filings with the Securities and Trade Commission (the “SEC”), earnings releases, push releases and other money, operational and governance facts are obtainable on the Firm’s web-site at www.portmanridge.com.
Cautionary Assertion With regards to Forward-Searching Statements
This push release includes ahead-seeking statements. The issues talked about in this push launch, as perfectly as in long run oral and published statements by management of Portman Ridge Finance Corporation, that are ahead-searching statements are primarily based on current management anticipations that entail significant threats and uncertainties which could cause true results to differ materially from the benefits expressed in, or implied by, these forward-wanting statements.
Forward-wanting statements relate to future functions or our potential financial overall performance and contain, but are not restricted to, projected economic performance, expected improvement of the business, designs and anticipations about upcoming investments and the long term liquidity of the Company. We usually discover ahead-hunting 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 destructive of these phrases or other equivalent words and phrases. Forward-searching statements are based mostly upon present plans, estimates and expectations that are issue to challenges, uncertainties and assumptions. Ought to 1 or additional of these risks or uncertainties materialize, or should fundamental assumptions establish to be incorrect, real benefits may change materially from all those indicated or expected by these types of forward-hunting statements. We do not undertake to publicly update or revise any ahead-on the lookout statements, no matter whether as a outcome of new data, long run events or if not, except as needed to be described beneath the policies and polices of the SEC.
Contacts:Portman Ridge Finance Corporation650 Madison Avenue, 23rd flooringNew York, NY [email protected]
Jason Roos [email protected](212) 891-2880
Jeehae LinfordThe Equity Group Inc.[email protected](212) 836-9615
Portman Ridge Finance Company