Triangle Capital Chief Investment Officer Brent Burgess Resigns

10/18/16

Brent Burgess

Raleigh-based Triangle Capital Corp. announced the resignation of its chief investment officer,according to a filing with the Securities and Exchange Commission.

Effective Oct. 14, Brent Burgess resigned his position as an executive and board member of Triangle, stating that it was not due to any dispute or disagreement with the company.

Burgess joined Triangle Capital Partners in 2002 and was a co-founder of Triangle Mezzanine Fund. He served as the president at Southern Regional Association of the National Association of Small Business Investment Companies.

“We thank Brent for his contributions to Triangle over the years,” said Chief Executive Officer Ashton Poole in a statement. “As one of the founders of Triangle and its predecessor company, he helped build Triangle into a leading business development company focused on the lower middle market.”

Burgess will be paid $250,000, which will be payable in substantially equal installments over the first payroll period after Oct. 14, ending with the last payroll period ending before Dec. 31.

The Raleigh-based company’s investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions. It typically invests $5 million to $35 million per transaction in companies with annual revenues between $20 million and $200 million and EBITDA between $3 million and $35 million.

Earlier this month, Triangle announced the promotions of three senior officers — Jeffrey Dombcik, Cary Nordan and Douglas Vaughn — to senior managing directors. They were promoted to chief credit officer, chief origination officer and chief administrative officer, respectively.

Triangle Capital’s shares rose 20 cents, or 1.05 percent, to $19.31 on Tuesday.

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