Home Alts News First Capital’s BDC Discloses Third-Party CFO and CCO Resignations

First Capital’s BDC Discloses Third-Party CFO and CCO Resignations


First Capital Investment Corporation, a publicly registered non-traded business development company, announced that its third-party chief financial officer and chief compliance officer terminated their respective agreements and resigned from the company.

According to a filing with the Securities and Exchange Commission, Vigilant Compliance, a third-party services firm that provides First Capital with its CFO and CCO, terminated its services agreements with the company.

As a result of the termination, Robert Amweg, the chief financial officer, secretary and treasurer, resigned effective May 19th; and Perpetua Seidenberg, the chief compliance officer, will resign 60 days from May 19th on July 18th.

The company says that it is in the process of interviewing candidates for the two positions and expects to fill the vacancies soon.

First Capital Investment Corporation was previously known as Freedom Capital Investment Management before being purchased by First Capital Real Estate Investments, which sponsors non-traded direct investment programs. The company invests in private U.S. small- and middle-market companies and currently has one unsecured $1.5 million loan in First Capital Retail LLC. The company has raised approximately $6.1 million in investor equity.

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