WhiteHorse Finance announed that on May 2, the Company's Board of Directors appointed Stuart Aronson as Chief Executive Officer, effective May 23, 2016. Jay Carvell, the Company's current Chief Executive Officer, will continue to serve as a member of the Company's Board of Directors and as a Managing Director of H.I.G. WhiteHorse Advisers, LLC ("WhiteHorse Advisers"), the Company's investment adviser.

Aronson currently serves as the Group Head of the U.S. direct lending platform of H.I.G. Capital, L.L.C. ("H.I.G. Capital"), an affiliate of WhiteHorse Advisers. Prior to joining H.I.G. Capital, Mr. Aronson was President and Chief Executive Officer of GE Capital's U.S. Sponsor Finance Group ("GSF") and was an officer of the General Electric Company. From 2010 to 2015, GSF was a leading provider of debt financing to U.S. sponsor-backed middle market companies.

John Bolduc, WhiteHorse Finance's Chairman of the Board, commented, "Stuart has had an immediate impact on our direct lending activities since joining H.I.G. WhiteHorse as Group Head of U.S. direct lending. His strong credentials and deep relationships across the direct lending space make him an ideal candidate to lead WhiteHorse Finance in the years ahead. I would also like to thank Jay for his service and look forward to his continued contributions as an active member of our executive group."

WhiteHorse Finance is a business development company that originates and invests in loans to privately held small-cap companies across a broad range of industries.  The Company's investment activities are managed by WhiteHorse Advisers, an affiliate of H.I.G. Capital. H.I.G. Capital is a leading global alternative asset manager with $19 billion of capital under management* across a number of funds focused on the small and mid-cap markets.