Home Diversified Corporate Capital Trust Appoints New Board Member

Corporate Capital Trust Appoints New Board Member

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Corporate Capital Trust Inc., a business development company sponsored by CNL Financial Group and KKR & Co., appointed Laurie Simon Hodrick to serve as an independent director on its board of directors.

Hodrick brings almost 30 years of experience in valuation, asset management, mergers and acquisitions, capital markets and liquidity and risk management to her position on the board. She previously served as an independent director/trustee on the boards of a cluster of mutual funds of Merrill Lynch Investment Managers, where she was a financial expert for the audit committees.

Hodrick is currently the A. Barton Hepburn professor of economics in the faculty of business at Columbia Business School and visiting professor of law at Stanford University. She previously served as managing director and global head of alternative investment strategies at Deutsche Bank.

“Laurie is a veteran in the financial world and we are confident that her experience and skill set make her a valuable asset to our board,” said Thomas Sittema, CEO and chairman of the board for Corporate Capital Trust. “We are excited to gain her professional perspective and oversight, especially as Corporate Capital Trust continues with its plans to pursue a potential listing of its shares on a national securities exchange.”

Hodrick holds a doctorate in economics from Stanford University and a bachelor’s degree in economics from Duke University.

Corporate Capital Trust invests primarily in the debt of privately owned companies, with a focus on originated transactions sourced through the networks of its advisors. CNL Financial Group is a private investment management firm providing global real estate and alternative investments. KKR is a global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. Corporate Capital Trust’s investment portfolio, excluding short-term investments, totaled $4.4 billion and consisted primarily of senior debt and subordinated debt, as of December 31, 2016.