DALLAS, Sept. 26, 2017 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (Nasdaq:CSWC) ("Capital Southwest" or "the Company") today announced that seasoned middle market lending professional Curtis Harrison has joined the Company as a Principal on the investment team, effective immediately. Mr. Harrison joins Capital Southwest from Goldman Sachs Specialty Lending Group, bringing to Capital Southwest extensive direct middle market lending experience.
"We are excited to welcome Curtis to Capital Southwest as we continue to expand our ability to source, structure and manage a robust directly-originated middle market credit portfolio," said Bowen S. Diehl, Chief Executive Officer of Capital Southwest. "Curtis has significant experience in evaluating, structuring and closing credit investments in middle-market companies in a variety of industries. The ability to attract talent like Curtis is a testament to the team's progress and track record of establishing Capital Southwest as a robust middle market lending platform. Curtis adds significant depth to the investment team and further enhances our ability to create long-term shareholder value."
Mr. Harrison brings over 13 years of direct lending experience to Capital Southwest. Before joining the Company, he was a Vice President in the Specialty Lending Group at Goldman Sachs & Co, where he led over fifty financing transactions representing over $2.0 billion in invested capital. Industries in which Mr. Harrison has substantial experience include: software, media, telecom, healthcare, business services, advertising, restaurants and logistics. Prior to Goldman, Mr. Harrison was in the investment banking group at Deloitte & Touche, and held various finance positions at Koch Industries, Inc. Mr. Harrison earned a B.S. in Business Administration from Oklahoma State University and is a CFA charterholder.
About Capital Southwest Corporation
Capital Southwest Corporation (Nasdaq:CSWC) is a Dallas, Texas-based, Internally Managed Business Development Company which has net assets of approximately $287 million as of June 30, 2017. Capital Southwest is a middle-market lending firm focused on supporting the acquisition and growth of middle market businesses. Capital Southwest makes investments ranging from $5 to $20 million in securities across the capital structure, including first lien, unitranche, second lien, subordinated debt and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.
This press release contains historical information and forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 with respect to the business and investments of Capital Southwest. Forward-looking statements are statements that are not historical statements and can often be identified by words such as "will," "believe," "expect" and similar expressions and variations or negatives of these words. These statements are based on management's current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to changes in the markets in which Capital Southwest invests, changes in the financial and lending markets, regulatory changes, tax treatment and general economic and business conditions.
Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest's Annual Report on Form 10-K for the year ended March 31, 2017 and subsequent filings with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.
Investor Relations Contacts:
Michael S. Sarner, Chief Financial Officer