Saratoga Investment Corp Names New Leadership for CFO Transition

NEW YORK, Sept. 18, 2026 /CourierPR/ -- Saratoga Investment Corp., a business development company, announced significant leadership changes effective October 31, 2026. Henri Steenkamp, who has served as the company’s Chief Financial Officer, Chief Compliance Officer, Treasurer, and Secretary, will step down for health-related reasons. Steenkamp will continue to support the company in a consulting capacity, providing continuity and institutional knowledge as the company implements its expanded leadership structure. He will also remain a member of the company’s Board of Directors and CFO of the company’s SBIC subsidiaries.

The company also announced the following leadership appointments: - Christine Ramdihal has been promoted to Chief Accounting Officer and Treasurer, and will serve as the company’s principal financial officer. Ramdihal has served as Controller of Saratoga Investment for almost ten years and brings significant accounting, financial-reporting, and audit experience to her expanded role. - Rochelle Kracoff has been promoted to Chief Compliance Officer and Secretary. Kracoff has served as Assistant Chief Compliance Officer and Treasury Manager at Saratoga Investment since 2021, following four years with the company as Compliance Manager. In her expanded role, she will continue to oversee the company’s compliance program and support the company’s continued focus on regulatory adherence, governance, and risk management. - James Soltesz has been appointed as Investment Manager and Vice President of Capital Markets. Soltesz is an Investment Manager of Saratoga Investment Advisors, LLC, the company’s investment adviser, and is responsible for underwriting, trading, and portfolio management activities related to the firm’s third-party CLO security business. In his expanded role, he will expand his role to support the company’s overall balance sheet management.

These promotions reflect Saratoga Investment’s established succession planning and the depth of its leadership team. Ramdihal, Kracoff, and Soltesz each bring meaningful functional experience, institutional knowledge, and a strong understanding of the company’s operating standards to their expanded responsibilities. Collectively, their backgrounds across accounting, financial reporting, compliance, treasury, investment, and balance sheet management and portfolio oversight provide a strong internal foundation for the transition.

Together with Steenkamp’s continued availability in a consulting capacity and his continued role on the company’s Board of Directors and in the SBIC subsidiaries, these appointments are intended to support continuity across the company’s finance, compliance, investment, and governance functions. Saratoga Investment expects to maintain its disciplined approach to financial controls, regulatory compliance, risk management, and stakeholder communications throughout the transition.

“While we are sorry to see Henri step away from certain executive roles for health-related reasons, we fully support his decision to prioritize his health. We are grateful that he will remain engaged as a member of our Board, with our SBIC subsidiaries, and be available in a consulting capacity ensuring a smooth transition. Christine, Rochelle, and Jim are highly capable leaders with deep knowledge of our business and operating standards, and we are confident in their ability to provide continuity, disciplined execution, and strong oversight as we advance Saratoga Investment’s strategic priorities.”

Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations, and growth initiatives in partnership with business owners, management teams, and financial sponsors. Saratoga Investment’s objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. Saratoga Investment has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor focusing on credit-driven strategies. Saratoga Investment Corp. owns two active SBIC-licensed subsidiaries, having surrendered its first license after repaying all debentures for that fund following the end of its investment period and subsequent wind-down. Furthermore, it manages a $350 million collateralized loan obligation (CLO) fund that has recently repriced and reset its reinvestment period and co-manages a joint venture (JV) fund that owns a $400 million collateralized loan obligation (JV CLO) fund, and has equity and junior security investments in both CLO’s. The company’s diverse funding sources, combined with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions.