Full Circle Capital Adds to Investment Team
Crandall Deery Joins Full Circle Advisors, LLC
RYE BROOK, N.Y.--(BUSINESS WIRE)-- Full Circle Capital Corporation (NASDAQ:FULL) (Full Circle Capital) announced today the appointment of Crandall Deery as Vice President of Full Circle Advisors, LLC, the investment advisor to Full Circle Capital Corp. Mr. Deery will be responsible for transaction execution, underwriting, due diligence and loan monitoring.
Adding to our investment team is a key element for supporting the growth and expansion of our investment portfolio, said John Stuart, Chief Executive Officer of Full Circle Capital (FULL). We are pleased to add someone with the wide breadth of experience and proven judgment that Crandall Deery has amassed. We welcome Crandall to the Full Circle team and look forward to his contributions.
Mr. Deery has over 15 years of experience in the financial services sector primarily focused on lending to middle market borrowers. Previously, Mr. Deery served as a Vice President of Jefferies Finance LLC, a joint venture between Jefferies & Co. and Babson Capital that was formed to provide non-investment grade senior and subordinated debt to the middle market. In this role, he led a structuring and execution team in addition to managing a portfolio of outstanding loan commitments. Prior to Jefferies Finance, Mr. Deery served as an Associate within the Global Sponsor Finance group at GE Capital where he focused on providing financing to private equity firms for leveraged middle-market transactions.
From 2001 to 2003, Mr. Deery worked in equity research at Sanford C. Bernstein & Co. where he was a member of the Institutional Investor-ranked Chemicals team. Mr. Deery began his career in 1997 as an Associate within the Financial Advisory Services group at PricewaterhouseCoopers LLP. Mr. Deery has a B.A., Economics, from Vanderbilt University, and a M.B.A., Finance and Business Law, from the Leonard N. Stern School of Business, New York University.
About Full Circle Capital
Full Circle Capital Corporation (Nasdaq: FULL) 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. 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 Capitals investment objective is to generate both current income and capital appreciation through debt and equity investments. For additional information visit the companys web site www.fccapital.com.
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.
Full Circle Capital Corporation
John E. Stuart, 914-220-6300
Lippert/Heilshorn & Associates
Stephanie Prince/Jody Burfening, 212-838-3777
Source: Full Circle Capital CorporationCopyright Business Wire 2012