Triangle Capital Corp. (TCAP) announced an $8 million subordinated debt investment in ZoomSystems, Inc. This investment represents Triangle's first investment through its proposed second SBIC fund.
"This investment is exciting for Triangle on two fronts. We have added an innovative company with significant growth potential to our portfolio, and we were able almost immediately to deploy cash proceeds from our recent public offering. By making this investment from our proposed second SBIC fund, we were able to invest idle cash at an attractive interest rate while maintaining the ability to receive future leverage on that cash in the form of low cost SBA guaranteed debentures if the SBIC license application is approved", said, Garland Tucker, III, President and CEO of the company.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.