Investcorp Credit Management BDC, Inc. Announces Chief Financial Officer Changes, Effective March 31, 2024
February 14, 2024 at 04:09 pm EST
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On February 8, 2024, the Board of Directors of Investcorp Credit Management BDC, Inc. accepted the resignation of Rocco DelGuercio from his position as Chief Financial Officer, effective March 31, 2024. Mr. DelGuercio?s resignation is not a result of any disagreement with the Company on any matter relating to its operations, policies, or practices, or to any issues regarding its accounting policies or practices. On February 8, 2024, the Board appointed Peter Sattelmair as Chief Financial Officer of the Company, effective March 31, 2024.
Mr. Sattelmair, 46, currently serves as a Director at PINE Advisor Solutions (? PINE?) and has nearly 25 years in the financial services and asset management industries. Prior to PINE, he spent the previous 7 years at Transamerica Asset Management where he served as the Director of Fund Operations and Assistant Treasurer of a wide range of registered products with assets under management of $80+ billion.
In his roles at Transamerica Asset Management, Mr. Sattelmair was responsible for the oversight of all aspects of the funds including fund accounting, custody, fund administration, valuation, and oversight of third-party vendors.
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. 
