Orlando, Fla., April 19, 2017 (GLOBE NEWSWIRE) -- Corporate Capital Trust, Inc., a business development company that provides individuals the opportunity to invest primarily in the debt of privately owned American companies, today announced the appointment of Laurie Simon Hodrick, a finance academic, practitioner and consultant, to serve as an independent director on its board of directors.
Ms. Hodrick brings almost 30 years of experience and expertise in valuation, asset management, mergers and acquisitions, capital markets and liquidity and risk management to her position on the board. She previously served as an independent director/trustee on the boards of a cluster of mutual funds of Merrill Lynch Investment Managers, where she served as a financial expert for the audit committees.
She is currently the A. Barton Hepburn Professor of Economics in the Faculty of Business at Columbia Business School and Visiting Professor of Law at Stanford University. She previously served as managing director and global head of alternative investment strategies at Deutsche Bank.
“Laurie is a veteran in the financial world and we are confident that her experience and skill set make her a valuable asset to our board,” said Thomas K. Sittema, CEO and chairman of the board for Corporate Capital Trust. “We are excited to gain her professional perspective and oversight, especially as Corporate Capital Trust continues with its plans to pursue a potential listing of its shares on a national securities exchange.”
Hodrick holds a doctorate in economics from Stanford University and a bachelor’s degree in economics from Duke University.
About Corporate Capital Trust
Corporate Capital Trust is a non-traded business development company that offers individuals an opportunity to invest in privately owned American companies. The company is externally managed by CNL Fund Advisors Company and KKR Credit Advisors (US) LLC, affiliates of CNL Financial Group and KKR & Co. L.P. (“KKR”), respectively, and its investment objective is to provide shareholders with current income and, to a lesser extent, long-term capital appreciation. The company intends to meet its investment objective by investing primarily in the debt of privately owned companies, with a focus on originated transactions sourced through the networks of its advisors. For additional information, please visit CorporateCapitalTrust.com.
About CNL Financial Group
CNL Financial Group is a private investment management firm providing global real estate and alternative investments. Since inception in 1973, CNL Financial Group and/or its affiliates have formed or acquired companies with more than $34 billion in assets. For more information, visit CNL.com.
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR's website at KKR.com and on Twitter @KKR_Co.