Fidus Investment Corporation announced that the company's board of directors has appointed John A. Mazzarino to serve as an independent director, effective November 13, 2012, replacing Charles G. Philips, an independent director who resigned for personal reasons effective November 12, 2012. Prior to his resignation, Mr. Phillips also served as a member of the Audit Committee and the Nominating and Corporate Governance Committee. Mr. Mazzarino is a co-founder and managing director of Cherokee Investment Partners.

Mr. Mazzarino will serve as an independent director until the 2013 annual meeting of stockholders of the Company. Effective November 13, 2012, Mr. Mazzarino was also elected to the Board's Audit Committee and the Board's Nominating and Corporate Governance Committee.