PRINCETON CAPITAL CORP (PIAC)
Princeton Capital Corp. is a closed-end, externally managed business development company specializing in private equity investments. It provides debt-financing solutions across all levels of the capital structure to U.S. lower middle-market firms. The company was founded in 1959 and is headquartered in North Andover, MA.
Industry: Asset Management
Princeton Capital Corporation
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based on 44.18M shares outstanding
Princeton Capital Corporation functions as a business development company, primarily focused on private equity endeavors.
Its investment strategy is directed towards the lower middle market, where it provides a diverse array of financing solutions. These include mezzanine debt, first and second lien loans, subordinated notes, bonds, and various structured investments such as leveraged buyouts, add-on acquisitions, recapitalizations, and refinancings.
The firm also supports growth financing and general debt funding initiatives. Princeton Capital engages in both sponsored and non-sponsored transactions, concentrating its efforts within the United States. Typically, individual commitments range from $1 million to $5 million per deal.
The firm targets companies exhibiting annual sales exceeding $35 million.
Additionally, prospective portfolio companies generally have EBITDA figures between $3 million and $20 million. Beyond debt instruments, Princeton Capital also participates in minority equity stakes and co-investment opportunities.
Leadership
Mark S. DiSalvo
Interim Chief Executive Officer, Interim President & Director
Florina Klingbaum
Chief Compliance Officer
Gregory Joseph Cannella
Chief Financial Officer, Secretary & Treasurer
Employees
3
Country
US
Sector
Financial Services
Website
princetoncapitalcorp.com
based on 44.18M shares outstanding
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