NGP Capital (NGPC) Gets Board Approval for Investment Strategy; Hires Michael D. Brown to Lead Initiative
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NGP Capital Resources Company (Nasdaq: NGPC) has unanimously approved the expansion of the Company’s investment strategy to include providing capital to companies in the broader, middle market segment.
The Company will continue to pursue energy and natural resources investments while implementing this expansion into diversified industries in the middle market, with the goal of accelerating and improving the overall growth and earnings performance of NGPC’s entire portfolio of targeted investments.
As part of its commitment to this expanded strategy, the Company today 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.
Mr. Brown has over 27 years of experience providing junior debt capital and senior equity to middle market companies within a variety of institutional structures, including business development companies, private investment funds, Small Business Investment Companies ("SBIC") and commercial banks. Mr. Brown was a co-founder Managing Partner of two private limited partnership funds, Stratford Capital Partners and Stratford Equity Partners, which were successfully licensed and managed as SBIC funds. Most recently he was a Managing Director of Private Finance for The Gladstone Companies.
The Company will continue to pursue energy and natural resources investments while implementing this expansion into diversified industries in the middle market, with the goal of accelerating and improving the overall growth and earnings performance of NGPC’s entire portfolio of targeted investments.
As part of its commitment to this expanded strategy, the Company today 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.
Mr. Brown has over 27 years of experience providing junior debt capital and senior equity to middle market companies within a variety of institutional structures, including business development companies, private investment funds, Small Business Investment Companies ("SBIC") and commercial banks. Mr. Brown was a co-founder Managing Partner of two private limited partnership funds, Stratford Capital Partners and Stratford Equity Partners, which were successfully licensed and managed as SBIC funds. Most recently he was a Managing Director of Private Finance for The Gladstone Companies.
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