Full Circle Capital Appoints Gregg J. Felton as President and Co-Chief Executive Officer and Director
November 07 2013 - 5:09PM
Business Wire
Credit Veteran Felton Will Also Serve as Chief
Investment Officer of Full Circle Advisors
Full Circle Capital Corporation (NASDAQ:FULL) (“Full Circle
Capital”), today announced the appointment of Gregg J. Felton as
President and Co-Chief Executive Officer and member of the Board of
Directors effective November 8, 2013. Mr. Felton was also appointed
a Managing Member and Chief Investment Officer of Full Circle
Advisors, LLC, Full Circle Capital’s investment adviser.
Mr. Felton has 18 years of experience in credit portfolio
management and has built several successful investment platforms
throughout his career. His primary responsibilities will include
overall investment policy, portfolio management and strategic
initiatives.
“We are thrilled to have a professional of Gregg’s stature,
experience and skill level join us in a leadership position at Full
Circle Capital as we believe his record of success in building
credit franchises with strong investment performance is well known
in the investment community,” said John Stuart, Chairman and
Co-Chief Executive Officer of Full Circle Capital Corporation. “I
have known Gregg both professionally and personally for more than
ten years and we are confident that he brings broad and deep
relationships and skills relevant to our key areas of focus. We
expect that this important addition to our team will further
facilitate our goal of expanding our opportunity set and
accelerating the growth of Full Circle Capital and ultimately
enhancing returns to our stockholders.”
“I am energized by the opportunity to join the team at Full
Circle Capital,” said Mr. Felton. “Full Circle has developed a
strong operating platform upon which we can build. I look forward
to growing the portfolio within its targeted markets while
broadening our universe of investment opportunities.”
Mr. Felton, 42, was from December 2006 until February 2013 a
Partner and Managing Director of Goldman Sachs, where he founded
and was the Chief Investment Officer of Liberty Harbor, Goldman
Sachs Asset Management’s credit alternatives platform managing
approximately $6 billion in assets. He oversaw various investment
vehicles, including hedge funds, mutual funds and institutional
managed accounts, and facilitated the launch of Goldman Sachs’
business development company, Goldman Sachs BDC. From 2009 to 2010,
Mr. Felton was Head of Credit for Goldman Sachs Asset Management
overseeing approximately $60 billion in assets. From 2000 to 2006,
Mr. Felton was a senior portfolio manager at Amaranth Advisors, a
multi-strategy hedge fund located in Greenwich, Connecticut, where
he led Amaranth’s global corporate credit investment team. Prior
thereto, Mr. Felton was a Vice President at Chase Manhattan Bank
from 1996 to 2000, where he served as a portfolio manager and
senior analyst for Chase’s Special Situations Fund. Mr. Felton
began his career in the High Yield Finance Department of Chase’s
Global Investment Bank. Most recently in 2013, Mr. Felton partnered
with an investment management firm to form Altus Power America, an
investment vehicle that focuses on solar power generation assets.
In addition, Mr. Felton serves as a Director of Rye Country Day
School. Mr. Felton received a B.A. from Tufts University, a J.D.
from the Georgetown University Law Center and a M.B.A. from the
Georgetown University School of Business.
About Full Circle Capital: Full Circle Capital is a Rye
Brook, New York based closed-end investment company that has
elected to be treated as a business development company under the
Investment Company Act of 1940 (Nasdaq:FULL). Full Circle Capital
lends to and invests in senior secured loans and, to a lesser
extent, mezzanine loans and equity securities issued by smaller and
lower middle-market companies that operate in a diverse range of
industries. Full Circle Capital’s investment objective is to
generate both current income and capital appreciation through debt
and equity investments. For additional information visit the
company’s web site www.fccapital.com.
Forward-Looking Statements
This press release contains forward-looking statements which
relate to future events or Full Circle Capital's future performance
or financial condition. Any statements that are not statements of
historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," "estimates" and
similar expressions) should also be considered to be
forward-looking statements. These forward-looking statements are
not guarantees of future performance, condition or results and
involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in Full Circle Capital's filings with the Securities and
Exchange Commission. Full Circle Capital undertakes no duty to
update any forward-looking statements made herein.
Company:Full Circle Capital CorporationJohn E. Stuart,
914-220-6300Co-Chief Executive
Officerjstuart@fccapital.comorInvestor
Relations:Lippert/Heilshorn & AssociatesStephanie
Prince/Jody Burfening212-838-3777sprince@lhai.com
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