NEW YORK, Oct. 16, 2017 (GLOBE NEWSWIRE) -- KCAP Financial, Inc. (Nasdaq:KCAP) announced that Trimaran Advisors, L.L.C., a wholly-owned portfolio company of KCAP, will serve as the investment manager for the $695.8 million reset and upsized Catamaran CLO 2014-1 Ltd, originally a $467.9 million collateralized loan obligation fund. An affiliate of the investment manager is expected to retain a vertical strip to comply with U.S. risk retention.
About KCAP Financial, Inc.
KCAP Financial, Inc. is a publicly traded, internally managed business development company. KCAP’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. KCAP’s wholly-owned portfolio companies, including Trimaran Advisors, L.L.C. and other affiliates, manage collateralized debt obligation funds that invest in broadly syndicated corporate term loans, and other credit instruments.