NGP Capital Resources Company Appoints Michael D. Brown as Managing Director, Head of Middle Market Investments
February 21, 2012 at 09:00 am EST
Share
NGP Capital Resources Company announced that its Board of Directors has unanimously approved the expansion of the company's investment strategy to include providing capital to companies in the broader, middle market segment. As part of its commitment to this expanded strategy, the company announced that it has hired Michael D. Brown, Managing Director, Head of Middle Market Investments, to lead the company's activities in identifying, sourcing and funding attractive middle market investments within diversified industry sectors, including manufacturing, value-added distribution, business services, healthcare products and services, consumer services and select other sectors. Most recently he was a Managing Director of Private Finance for The Gladstone Companies.
OHA Investment Corporation is a specialty finance company. The Company focuses primarily on providing direct lending solutions to middle market private companies across industry sectors. The Company's investment portfolio includes debt securities and other investments in upstream exploration and production companies engaged in the acquisition, development and production of oil and natural gas properties in and along the Gulf Coast, in the state and federal waters of the Gulf of Mexico, and in the Permian Basin, Mid-Continent and Rocky Mountain areas. The Company is an externally managed, closed-end, non-diversified management investment company. The Company invests primarily in senior and junior secured, unsecured and subordinated loans, and to debt securities or preferred stock of the United States private and public middle market companies. The Company may also invest in equity, distressed debt and other assets. The Company's investment advisor is Oak Hill Advisors, L.P.