Saratoga Investment Corp provides an update on their growing investment portfolio and team. They welcomed new CFO Henri Steenkamp and investment professionals Dave Vavrichek, Nick Martino, Marissa Mann, and Sandy Rodriguez to the team. Saratoga has $100 million available to invest in middle market companies and recently invested $100 million in 19 transactions. They provide capital to support acquisitions, refinancings, and growth initiatives for middle market firms.

1. 8/6/2014 News & Market Update from Saratoga Investment Corp.
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Saratoga Newsletter Third Quarter 2014
Dear Friends,
We hope you are enjoying the summer months.
We'd like to update you on Saratoga's progress and help you
stay informed on what is going on in the middle market.
As Saratoga grows its investment portfolio, we continue to
strengthen our team. Earlier this year we welcomed Henri
Steenkamp as our CFO. Dave Vavrichek joined soon thereafter
as a Principal. We also recently added Nick Martino, Marissa
Mann, and Sandy Rodriguez to our investment team.
Saratoga has a strong base of permanent capital and plenty of
dry powder to invest. We remain focused on making debt and
equity investments in companies striving to do great things.
Over the past year we have invested about $100 million in 19
transactions to support acquisitions, refinancings,
recapitalizations, and growth initiatives.
The experience of our investment team allows us to provide
prompt feedback and reliable financial support to middle
market companies. Our goal remains to be a reliable partner
in helping you meet your objectives. Thank you for continuing
to think of us when your business requires capital.
Saratoga
Investment Team
Chris Oberbeck
email Chris
Mike Grisius
email Mike
Joe Burkhart
email Joe
Tom Inglesby
email Tom
Charles Phillips
email Charles
John MacMurray
email John
Dave Vavrichek
email Dave
Nick Martino

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Please welcome the newest members of our team
Henri Steenkamp joined Saratoga as
CFO. Prior to joining Saratoga, Henri held
senior positions at MF Global and
PricewaterhouseCoopers. He is a graduate of
University of Johannesburg. Click here to
email Henri
Nick Martino joined Saratoga as a Vice
President. Nick's prior experience includes
work at Prospect Capital, Credit Suisse, and
Goldman Sachs. He is a graduate of Bucknell
University. Click here to email Nick
Sandy Rodriguez was promoted
from Saratoga's operations team to
investment analyst. Sandy's prior experience
includes work at Kempisty & Company. She is
a graduate of Brooklyn College. Click here to
email Sandy
Highlighted Saratoga transaction
Saratoga made a $13 million unitranche debt
and equity co-investment to support a private
equity sponsor's acquisition of a company
that provides software used by hospitals to
track use and sterilization of surgical
equipment.
What's happening in the marketplace?
We carefully track deals in the middle
market. Please reach out to us if you are
email Nick
Paul West
email Paul
Mark Weaver
email Mark
Marissa Mann
email Marissa
Sandy Rodriguez
email Sandy

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looking for a leverage read or have general
questions about the market. The reports
provided below are for informational
purposes.
Please click here to access a report listing
companies that raised $100 million or less in
debt capital since the beginning of the year
through July 2014.
Please click here and here to access what we
think are some of the most complete market
surveys of junior debt providers. They provide
insights into market pricing and terms &
conditions.
About Saratoga
Saratoga Investment Corp. is a publicly
traded (NYSE: SAR) business development
company (BDC). We provide customized
financing solutions for middle market
companies located in the United States. We
typically make $5 million to $20 million
investments in: leveraged buyouts,
recapitalizations, growth and acquisition
financings.
Our investments possess many of the following attributes:
Qualitative Parameters
Leading market position
or niche with sustainable
competitive advantages
Exceptional management
team with a meaningful
Financial Parameters
Revenues of $8 million to
$150 million and EBITDA
of $2 million or greater
Strong margins and free
cash flow

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stake in the business
Growth prospects in
healthy end markets
Ability to withstand
business cycles
Recurring revenues and
stable historical
performance
Modest capital
expenditure and working
capital requirements
For more information please contact:
Joe Burkhart
Managing Director
Saratoga Investment Corp.
535 Madison Avenue, Fourth Floor
New York, NY 10022
Tel: 212.906.7840 | Cell: 301.648.6122 | Fax: 212.750.3343
jburkhart@saratogapartners.com
www.saratogainvestmentcorp.com
www.linkedin.com/in/josephsburkhart
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Saratoga Investment Corp. | 535 Madison Avenue | Fourth Floor | New York | NY | 10022