HOUSTON and KINGSTON, N.J., March 20, 2015 /PRNewswire/ -- Princeton Capital Corporation (OTCQB:RONED), formerly Regal One Corporation, announced today that it has completed its acquisition of the investment portfolios of Capital Point Partners, LP and Capital Point Partners II, LP and will become an externally managed business development company.
Princeton Capital Corporation will provide debt financing solutions at all levels of the capital structure to U.S. lower middle-market companies. Investments will be made in a variety of industries to create a diverse portfolio that will generate competitive returns for stockholders.
"This transaction will provide a larger asset base that is anticipated to enhance the company's future growth. Becoming an externally managed BDC is a significant development in our ability to focus and execute our strategy as we go forward," said Munish Sood, CEO of Princeton Capital Corporation.
The senior management team of Princeton Investment Advisors, has extensive direct lending experience with a solid 20 plus year track record. "We believe that our combined industry knowledge and experience, coupled with proven leadership in asset management creates a powerful platform," stated Alfred Jackson, Chairman of Princeton Capital Corporation.
About Princeton Capital Corporation
Princeton Capital Corporation is a closed-end and externally managed investment company that has elected to be regulated as a business development Company under the Investment Company Act of 1940, as amended. Princeton Capital Corporation's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. In some cases, investments may include small equity interests. The Company's investment activities are managed by its Investment Adviser, Princeton Investment Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.
Statements included herein may constitute "forward-looking statements," which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the U.S. Securities and Exchange Commission. Princeton Capital Corporation undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the time of this press release.
Investor Relations Director
SOURCE Princeton Capital Corporation