Our investment advisor is BlackRock Advisors LLC, a registered investment adviser under the Investment Advisers Act of 1940 and a wholly owned subsidiary of BlackRock, Inc. Our administrator is BlackRock Financial Management, Inc. Services necessary for our business are provided by individuals who are employees of our investment advisor or administrator.
We have an experienced group of financial professionals with extensive knowledge in commercial lending, investment banking, accounting, corporate law and private debt and equity investing. Our investment team is responsible for sourcing potential investments, conducting research on prospective investments, analyzing investment opportunities, structuring transactions and monitoring portfolio companies on an ongoing basis.
Michael J. ZugayChief Executive OfficerMichael J. ZugayChief Executive OfficerMichael J. Zugay, Managing Director, is Head of Investments for BlackRock’s US Private Capital Group. Mike leads the team’s underwriting and monitoring of its middle market private investments, including investments on behalf of BlackRock Capital Investment Corporation ("BCIC"), a US Business Development Company. BCIC offers middle-market companies flexible financing solutions to meet their current and future capital needs. Mr. Zugay also serves as Vice Chairman of the US Private Capital’s investment committee.
Before joining BlackRock, Mr. Zugay was a Managing Director for Ares Management’s Direct Lending Group where he was responsible for sourcing, evaluating, structuring and executing private debt and equity investments with approximately $25 billion of committed capital, the primary funding vehicle was a publicly-traded BDC (Nasdaq: ARCC). Prior to Ares, Mike worked at Zolfo Cooper, a debt restructuring firm, where he was involved in several large corporate restructurings. Mike began his career at Donaldson, Lufkin and Jenrette (“DLJ”) as an analyst in its corporate finance investment banking program and later joined UBS as a generalist in its investment banking division in Los Angeles, CA.
Mr. Zugay earned a BS degree in Finance with a minor in Economics from the Pennsylvania State University in 2001, where he graduated with honors.
Donna MiliaChief Financial Officer and TreasurerDonna MiliaChief Financial Officer and TreasurerMs. Milia is Chief Financial Officer and Treasurer of BlackRock Capital Investment Corporation (“BCIC”). She has worked with BCIC since its inception in 2005. In connection with the acquisition of certain assets of BlackRock Kelso Capital Advisors LLC, BCIC’s former investment advisor (the “Former Advisor”), by BlackRock Advisors, LLC, BCIC’s current investment advisor (the “Advisor”), in March 2015 (the “Transaction”), Ms. Milia became a Managing Director at the Advisor. Prior to the Transaction, Ms. Milia served as a Managing Director of Finance at the Former Advisor, where she was primarily responsible for the Former Advisor’s Finance, Tax and Accounting Group, as well as providing substantial finance, tax and accounting support for BCIC since 2005. From 1999 to 2005, Ms. Milia served as Assistant Controller for The Millburn Corporation, an affiliate of quantitative investment manager Millburn Ridgefield Corporation. Prior to that, she was a Senior Accountant with Grant Thornton from 1996 to 1999. Ms. Milia earned a B.S. in Accounting from Lehigh University in 1996 and is a Certified Public Accountant.
Laurence D. ParedesGeneral Counsel and Corporate SecretaryLaurence D. ParedesGeneral Counsel and Corporate SecretaryMr. Paredes is a Managing Director at BlackRock and General Counsel and Corporate Secretary of BlackRock Capital Investment Corporation. Prior to joining BlackRock Capital Investment Corporation’s former advisor in 2008, Mr. Paredes served as Senior Vice President, General Counsel and Corporate Secretary for Porter Novelli, Inc., an Omnicom Group Inc. agency and a global public relations firm with 17 North American offices and a network of nearly 100 international offices.
While at Porter Novelli, Inc., Mr. Paredes was responsible for the legal affairs of the firm, including commercial contracts, mergers and acquisitions, litigation, employment and labor law, advertising and marketing law, intellectual property law, government contracts, and corporate compliance. Mr. Paredes was also responsible for the development of many of the firm's policies involving ethics, business conduct, and best practices.
Before joining Porter Novelli, Inc., Mr. Paredes was with the law firms of Spitzer & Feldman P.C. and Beckman, Millman & Sanders LLP, where he practiced corporate, securities and investment management law.
Mr. Paredes is admitted to the Bars of the States of New York, Connecticut and New Jersey, as well as the United States District Court for the District of New Jersey. Mr. Paredes received his B.A. (Economics) from Hobart College and his J.D. from the Benjamin N. Cardozo School of Law. He has served as a Trustee of the Rye Country Day School, as well as President of the Rye Country Day School Alumni Executive Board.
Aaron KlessManaging DirectorAaron KlessManaging Director
Mr. Kless is aManaging Director at BlackRock where he is responsible for originating, structuring and managing new middle market investments for the US Private Capital Group. Before coming to Blackrock in 2011, Mr. Kless was a Principal at Merrill Lynch Global Private Equity, the private equity arm of Merrill Lynch & Co., which he joined in 2007. Prior to that, Mr. Kless was with the mergers & acquisitions group within Merrill Lynch's investment banking division. Mr. Kless began his career in 1999 as an attorney at Simpson Thacher & Bartlett focusing on mergers & acquisitions for financial sponsors.
Mr. Kless earned a BA degree in history with honors from the University of North Carolina at Chapel Hill in 1995 and a JD with highest honors from the George Washington University Law School in 1999.
Jason A. MehringManaging DirectorJason A. MehringManaging DirectorMr. Mehring is a Managing Director at BlackRock. Prior to joining BlackRock Capital Investment Corporation’s former advisor as a Managing Director in 2005, Mr. Mehring spent more than ten years at Banc of America Capital Investors (BACI), an affiliate of Bank of America, Inc., in Chicago, where he held positions of increasing responsibility, becoming a Principal of the firm in 2000. At BACI, Mr. Mehring focused on mezzanine and private equity investing in middle market companies. Prior to joining BACI in 1994, he worked at Firstar Bank, a predecessor to U.S. Bank.
Mr. Mehring received a B.B.A., summa cum laude, in Finance and Economics from the University of Wisconsin – Eau Claire and an M.B.A. from the Kellogg School of Management at Northwestern University. Mr. Mehring’s board memberships have included Tandus Group, Inc., Havco Wood Products, LLC, Electrical Components International, Inc, and Gordon Brothers Finance Company.
R. Marshall MerrimanManaging DirectorR. Marshall MerrimanManaging DirectorMr. Merriman is a Managing Director at BlackRock. Prior to joining BlackRock Capital Investment Corporation’s former advisor in 2005, Mr. Merriman was a Managing Director with Harris Williams & Company, an investment bank providing mergers and acquisitions and financial advice to middle market companies in the United States and Western Europe. During the last two years of his tenure at Harris Williams, Mr. Merriman headed the firm’s Corporate Finance and Restructuring Group, which advises healthy and distressed companies seeking to raise capital or restructure their balance sheets.
Prior to joining Harris Williams in 1998, Mr. Merriman was a partner at the law firm of McGuireWoods LLP, where he represented public and private companies and private equity firms in mergers and acquisitions and corporate finance transactions.
Mr. Merriman received a B.A. in Commerce from Washington & Lee University, summa cum laude, and a J.D. from the University of Virginia.
Stephen N. SachmanManaging DirectorStephen N. SachmanManaging DirectorMr. Sachman is a Managing Director at BlackRock. Mr. Sachman is responsible for originating, structuring and negotiating new middle market private debt investments. Prior to joining BlackRock Capital Investment Corporation’s former advisor in 2006, Mr. Sachman was a Managing Director in investment banking at Deutsche Bank Securities where he managed the building products and housing sector team within the Industrials Group. His responsibilities included the origination and execution of public and private debt and equity financings as well as merger and acquisition advisory services, with a primary focus on middle market companies and financial sponsors.
Prior to joining Deutsche Bank in 1997, Mr. Sachman worked in the investment banking departments of Smith Barney and Kidder Peabody & Co. He began his career with The Capital Group.
Mr. Sachman received a B.A in Public Policy Studies with Honors from The University of Chicago, and an M.B.A. with Honors from The Stern School of Business at New York University.
Nik SinghalManaging DirectorNik SinghalManaging Director
Nik Singhal, CFA, is a Managing Director at BlackRock where he is responsible for Investor Relations for BlackRock Capital Investment Corporation, as well business strategy and implementation for the US Private Capital group within BlackRock. Prior to this role, Mr. Singhal served as a Managing Director in the Financial Markets Advisory Group within BlackRock Solutions, where he provided portfolio management and advisory services to clients with a focus on corporate debt, shipping loans, consumer and esoteric ABS.
Before coming to Blackrock in 2010, Mr. Singhal worked as a senior investment professional at HBK Capital Management in Dallas where he was responsible for originating and managing direct corporate loans and other opportunistic investments. He joined HBK in 2005. Mr. Singhal began his career with Lehman Brothers in 1998. At Lehman he structured and managed principal transactions, primarily focusing on esoteric ABS and distressed corporate debt.
Mr. Singhal earned a BS degree in Computer Science & Engineering from IIT Delhi in 1995 and an MBA degree from IIM Ahmedabad in 1998.
Scott J. BoothDirectorScott J. BoothDirectorMr. Booth is a Director at BlackRock. Mr. Booth joined BlackRock Capital Investment Corporation’s former advisor in 2006 and is responsible for evaluating and originating new deal opportunities, with a focus on transactions within the health care sector, as well as monitoring current portfolio companies.
Previously, Mr. Booth was a Principal at Park Avenue Equity Partners, a middle market private equity fund. During his four years at Park Avenue Equity Partners, his responsibilities included portfolio company oversight, performing due diligence, developing deal structures, and generating deal flow. Formerly, Mr. Booth was an Associate at Deutsche Bank in its Health Care Investment Banking Group. He worked on the execution of equity, debt and M&A transactions. Mr. Booth began his career at PricewaterhouseCoopers as a Management Consultant.
Mr. Booth received his B.S. in Finance, with a concentration in financial accounting, from The Pennsylvania State University.
Olivera R. RadakovicDirectorOlivera R. RadakovicDirectorOlivera Radakovic is a Director at BlackRock where she is responsible for Business Management of the US Private Capital team, focusing on business and operational priorities, administration of the business and management of financials.
Before coming to BlackRock in 2011, Ms. Radakovic was a Principal at Bank of America Merrill Lynch, working in the Credit Strategy group. During her six years at BAML, Olivera spent two years as a research analyst focusing on high grade and high yield markets, contributing to the flagship Credit Market Strategist and Situation Room publications. In the remaining four years, she focused on the creation, adoption and maintenance of the Firm's credit data and portfolio analytics platform (Lighthouse), working with strategists to analyze credit portfolios to manage risk and generate alpha for investors. Prior to BAML, Ms. Radakovic was a Vice President at Lehman Brothers, where she spent nine years in the Global Fixed Income Strategy team as a research analyst.
Ms. Radakovic graduated from the University of Maryland at College Park with a Bachelor of Science in Finance, followed by graduate studies in Finance at Fordham University.
Joseph CarvalhoVice PresidentJoseph CarvalhoVice President
Mr. Carvalho is a Vice President at BlackRock. Before joining BlackRock in 2016, Mr. Carvalho was an investment professional at Crescent Capital Group, where he focused on mezzanine debt and equity financings. Prior thereto, Mr. Carvalho was a member of the investment banking departments at Wells Fargo and Wachovia Securities.
Mr. Carvalho received his M.B.A. from The Wharton School of the University of Pennsylvania and a B.A. in Economics, summa cum laude, from The University of the South.
Suzanne H. CutlerVice PresidentSuzanne H. CutlerVice PresidentMs. Cutler is a Vice President at BlackRock. Prior to joining BlackRock Capital Investment Corporation’s former advisor, Ms. Cutler was a Senior Associate at Fifth Street Capital. Formerly, Ms. Cutler was an Associate at private equity fund Chartwell Investments. Ms. Cutler began her career at Credit Suisse in the Retail and Consumer Investment Banking Group.
Ms. Cutler received her M.B.A. in Finance and Economics from the University of Chicago and a B.S. in Finance, magna cum laude, from Virginia Tech.
Anthony OleaVice PresidentAnthony OleaVice President
Mr. Olea is a Vice President at BlackRock. Before joining BlackRock in 2017, Mr. Olea was an investment professional at HPS Investment Partners, where he focused on mezzanine debt and equity financings. Prior thereto, Mr. Olea was a member of the investment banking leveraged finance team at Goldman Sachs in New York and London where he focused on restructuring and financing companies across various industries.
Mr. Olea received his B.S. in Finance and Accounting with a minor in Economics, magna cum laude, from California State University, Long Beach. Mr. Olea is a CFA® charterholder.
Nicholas P. HoldernessAssociateNicholas P. HoldernessAssociate
Mr. Holderness is an Associate at BlackRock. Prior to joining BlackRock Capital Investment Corporation, Mr. Holderness was an Associate at Teneo Capital where he advised corporate clients on structured debt and equity private placements in various industries across the middle market. Prior to that, Mr. Holderness was an Analyst in the Financial Institutions Group at Citigroup Global Markets.
Mr. Holderness received a B.S. in Finance from Fordham University.
Charlie GuytonAssociateCharlie GuytonAssociate
Mr. Guyton is an Associate for BlackRock’s US Private Capital team. Before joining the US Private Capital team, Mr. Guyton worked for H.I.G. WhiteHorse where he was responsible for investing in syndicated leveraged loans across a variety of industries and transactions. Prior to that, Mr. Guyton was an investment banking analyst in the Leverage Finance group at HSBC.
Mr. Guyton received a BBA in Finance and Strategy & Management Consulting from Emory University’s Goizeuta Business School.
Kush KotharyAssociateKush KotharyAssociate
Mr. Kothary is an Associate at BlackRock. Prior to joining the US Private Capital team, Mr. Kothary was on the Corporate Development and Strategy team at BlackRock, where he was responsible for identifying and executing growth opportunities including acquisitions, strategic investments, JVs and partnerships / alliances as well as analyzing major strategic, operational and organizational issues within the firm. In this role, Kush was involved in a number of transactions including Credit Suisse’s ETF arm, MGPA and BlackRock Kelso Capital Advisors.
Mr. Kothary received a BSc in Finance, summa cum laude, from Rutgers University.
Andrew D. NormanAssociateAndrew D. NormanAssociateMr. Norman is an Analyst at BlackRock. Prior to joining BlackRock’s US Private Capital team, Mr. Norman was an investment banking analyst in the Leveraged Finance Group at Bank of America Merrill Lynch, where he structured and originated leveraged loans and high yield bonds to support leveraged buyouts, corporate acquisitions and other leveraging transactions across a variety of industries.
Mr. Norman received a B.S. in Accounting and Finance from the Kelley School of Business at Indiana University.
James VenaAssociateJames VenaAssociateMr. Vena is an Associate for BlackRock’s US Private Capital team. Before joining the US Private Capital team, Mr. Vena was an Associate at BNP Paribas in the Merchant Banking Group. In his prior role, James was responsible for structuring, underwriting, and arranging senior and subordinated debt packages for leveraged buyouts, recapitalizations, and mergers of private equity-owned companies across a variety of industries. Additional responsibilities included evaluating and participating in equity investments alongside financial sponsors. Mr. Vena received a B.S. in Finance and Marketing, summa cum laude, from the University of Delaware.
Claire Y. LimAnalystClaire Y. LimAnalystMs. Lim is an Analyst at BlackRock. Prior to joining BlackRock’s US Private Capital team, Ms. Lim was an Analyst in the Leveraged Finance group at Citi, where she structured and originated leveraged loans and high yield bonds to support leveraged buyouts, corporate acquisitions and other leveraging transactions across a variety of industries.
Ms. Lim received a B.S. in Finance and Economics from the Stern School of Business at New York University.