Jai Agarwal to Step Down as Chief Financial Officer and Treasurer, of CM Finance Inc. Effective May 20, 2016
April 21, 2016 at 01:51 am IST
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On April 18, 2016, Jai Agarwal notified CM Finance Inc. of his intention to step down as Chief Financial Officer and Treasurer, effective May 20, 2016, to pursue a new career opportunity. Mr. Agarwal did not resign pursuant to any disagreement with the company or its Board of Directors or management. Effective immediately, the company will begin a search to identify a Chief Financial Officer and Treasurer.
Investcorp Credit Management BDC, Inc. is an externally managed, closed-end, non-diversified management investment company. The Companyâs investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least 50 million dollars and earnings before interest, taxes, depreciation, and amortization of at least 15 million dollars. It invests in standalone first and second lien loans and unitranche loans, with an emphasis on floating rate debt. It also selectively invests in unsecured debt, bonds and in the equity of portfolio companies through warrants and other instruments. It invests in various industry sectors, such as chemicals, software, and others. Its investment advisor is CM Investment Partners LLC.
INVESTCORP CREDIT MANAGEMENT BDC, INC. 
