WhiteHorse Finance, Inc. Appoints John P. Volpe to Its Board of Directors

Rhea-AI Summary

WhiteHorse Finance, Inc. (WHF) appoints John P. Volpe as an independent member of its Board of Directors. Mr. Volpe, a seasoned commercial lending leader with extensive capital markets expertise, joins the Company's key committees. His 25 years of experience, including at GE Capital, will enhance the strategic direction of WhiteHorse Finance.

NEW YORK, April 10, 2024 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced that John P. Volpe has been appointed to serve as an independent member of its Board of Directors effective today.  Mr. Volpe will also serve on the Company's Nominating and Corporate Governance Committee, Audit Committee and Compensation Committee.

Mr. Volpe is a highly accomplished commercial lending leader with significant capital markets expertise across asset classes, including cash flow and asset based senior debt, junior debt, debt investment funds, equity, securitizations, leasing and insurance products.  Mr. Volpe has over 25 years of experience in commercial lending, including 18 years with GE Capital, where he most recently served.  He held numerous leadership roles at GE Capital, including Senior Managing Director, Alternative Funding, where he designed, implemented, and managed an innovative funding structure for asset based revolving loans and grew commitments under management to approximately $2.9 billion.  Mr. Volpe received his Bachelor of Science degree in Finance from the University of Illinois.

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer, commented, "On behalf of WhiteHorse Finance, I am pleased to welcome John to the Company's Board of Directors.  He brings highly relevant domain expertise and will bring immediate value to our Board.  We look forward to working closely with John as we continue to generate long term value for our stakeholders.  We have a tremendous opportunity ahead of us and are pleased to have a strong Board to guide our strategy."

About WhiteHorse Finance, Inc.

WhiteHorse Finance is a business development company that originates and invests in loans to privately held, lower middle market companies across a broad range of industries. The Company's investment activities are managed by H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC, ("H.I.G. Capital"). H.I.G. Capital is a leading global alternative asset manager with over $60 billion of capital under management⁽¹⁾ across a number of funds focused on the small and mid-cap markets. For more information about H.I.G. Capital, please visit http://www.hig.com. For more information about the Company, please visit http://www.whitehorsefinance.com. 

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance 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 filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

(1) Based on total capital raised by H.I.G. Capital and affiliates.

Contacts

Stuart Aronson
WhiteHorse Finance, Inc.
212-506-0500
saronson@higwhitehorse.com 

or

Joyson Thomas
WhiteHorse Finance, Inc.
305-379-2322
jthomas@higwhitehorse.com 

or

Robert Brinberg
Rose & Company
212-257-5932
whitehorse@roseandco.com 

 

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SOURCE WhiteHorse Finance, Inc.

FAQ

Who has been appointed as an independent member of WhiteHorse Finance's Board of Directors?

John P. Volpe has been appointed as an independent member of WhiteHorse Finance's Board of Directors.

What committees will John P. Volpe serve on at WhiteHorse Finance?

John P. Volpe will serve on the Company's Nominating and Corporate Governance Committee, Audit Committee, and Compensation Committee.

What is John P. Volpe's background in commercial lending?

John P. Volpe is a highly accomplished commercial lending leader with over 25 years of experience, including 18 years at GE Capital.

What is John P. Volpe's educational background?

John P. Volpe received his Bachelor of Science degree in Finance from the University of Illinois.

Who commented on John P. Volpe's appointment to WhiteHorse Finance's Board of Directors?

Stuart Aronson, WhiteHorse Finance's Chief Executive Officer, commented on John P. Volpe's appointment.

What value does Stuart Aronson see in John P. Volpe's appointment?

Stuart Aronson sees John P. Volpe's appointment as bringing highly relevant domain expertise and immediate value to the Board.

What is Stuart Aronson's outlook for WhiteHorse Finance with John P. Volpe on the Board?

Stuart Aronson looks forward to working closely with John P. Volpe as they aim to generate long term value for stakeholders.

What opportunity does Stuart Aronson mention for WhiteHorse Finance?

Stuart Aronson mentions a tremendous opportunity ahead for WhiteHorse Finance.

What role did John P. Volpe hold at GE Capital?

John P. Volpe held numerous leadership roles at GE Capital, including Senior Managing Director, Alternative Funding.

What funding structure did John P. Volpe design at GE Capital?

John P. Volpe designed, implemented, and managed an innovative funding structure for asset based revolving loans at GE Capital.