Daily News: May 21, 2012

Solar Capital Appoints Peteka as Chief Financial Officer


Solar Capital Ltd. announced the appointment effective May 18, 2012 of Richard L. Peteka as chief financial officer, succeeding Nicholas Radesca who resigned from his employment with Solar Capital Ltd.

“We are very pleased to welcome Rich, a top veteran of the BDC industry,” said Michael Gross, chairman and CEO of Solar Capital Ltd. “Based upon my prior experience working with Rich, I’m confident that he will be a strong addition to our executive management team.”

Peteka most recently served as CFO and treasurer of Apollo Investment Corporation from June 2004 through February 2012. Prior to joining Apollo, Peteka was CFO and treasurer of various closed-end and open-end registered investment companies for Citigroup Asset Management.

The company’s affiliate, Solar Senior Capital Ltd. has also appointed Peteka to serve as its CFO.

“We thank Nick Radesca for his service to the company,” said Bruce Spohler, chief operating officer of Solar Capital Ltd. “We wish him every success in the future.”

Solar Capital Ltd. is a closed-end investment company that invests primarily in leveraged, middle-market companies in the form of senior secured loans, mezzanine loans and equity securities.