Triangle Capital Corporation, a leading provider of capital to lower middle market companies, announced that its Chief Financial Officer, Steven C. Lilly, was recognized as one of “America’s Best CFOs” by Institutional Investor Magazine in its 2017 All-America Executive Team rankings.  A selection committee consisting of more than 180 sell-side equity analysts across the United States nominated Mr. Lilly within the Brokers, Asset Managers & Exchanges category.

Commenting on the award, E. Ashton Poole, President and CEO stated, “This is a tremendous honor for Steven which recognizes not only his leadership and ethical standards of communication but also recognizes the external leadership role he plays as an advocate for the greater BDC industry as an emerging asset class in the public markets.”

Mr. Lilly commented, “This award is a positive reflection on the full Triangle team that Ashton has assembled.  I feel privileged to work with so many capable, motivated individuals.”

This award marks the second time that Mr. Lilly and Triangle Capital Corporation have been honored by Institutional Investor Magazine as Mr. Lilly was named one of “America’s Best CFOs” in 2014 as well. 

Triangle Capital Corporation invests capital in established companies in the lower middle market to fund growth, changes of control and other corporate events.  Triangle offers a wide variety of investment structures with a primary focus on mezzanine financing with equity components.  Triangle’s investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments.  Triangle’s investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions.  Triangle typically invests $5.0 million - $35.0 million per transaction in companies with annual revenues between $20.0 million and $200.0 million, and EBITDA between $3.0 million and $35.0 million. Triangle has elected to be treated as a business development company under the Investment Company Act of 1940 (“1940 Act”).