Alcentra Capital Corporation (NASDAQ:ABDC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02.

On April 21, 2017, the board of directors (the
Board) of Alcentra Capital Corporation
(the Company) appointed Paul Hatfield
as Chairman Emeritus of the Company and appointed Paul Echausse
as Chairman of the Board, each effective as of April 21, 2017.

On April 21, 2017, the Board appointed David Scopelliti to serve
as President and Chief Executive Officer of the Company,
effective as of June 30, 2017 and as a director of the Company,
effective as of April 21, 2017 and until the Companys 2019 annual
meeting of stockholders and until his successor is duly elected
and qualifies. Mr. Scopellitis appointments are in conjunction
with his promotion as Chief Investment Officer of Alcentra NY,
LLC (the Adviser), the Companys investment adviser. In connection
with Mr. Scopellitis appointment, Mr. Echausse resigned as
President and Chief Financial Officer of the Company, effective
as of June 30, 2017.

Mr. Scopelliti, age 52, has served as the Companys Executive Vice
President since March 2017 and served as the Companys Senior Vice
President from March 2015 through March 2017. Mr. Scopelliti has
also served as Managing Director of the Company and Senior Vice
President of the Adviser since July 2014 Since 2004, Mr.
Scopelliti has served as an Independent Director of Student
Transportation Inc. (Nasdaq: STB). Prior to Alcentra, Mr.
Scopelliti was a Principal at GarMark where he focused on
investing private debt and private equity in middle market
companies and prior to that served as the Managing Director with
Pacific Corporate Group, an alternative asset investment and
consulting firm, responsible for discretionary and
non-discretionary private investment programs for corporate and
governmental pension plans. Prior to that, Mr. Scopelliti was
appointed by the Connecticut State Treasurer as Head of Private
Equity for the Connecticut Retirement Plans and Trust Funds. In
that role, he was responsible for restructuring, restarting and
managing its $4 billion global private equity program as well as
serving as Vice Chairman for the Institutional Limited Partners
Association. He was also previously head of ING Capitals Merchant
Banking Group in New York investing debt and equity capital into
middle-market companies for acquisitions, growth and
recapitalizations with a focus on transportation, homeland
security, consumer and environmental services. Mr. Scopelliti
sits on a number of private company boards as either a director
or observer.

Mr. Scopelliti was not appointed to the Board to any arrangement
or understanding with any other person, and there are no current
or proposed transactions between the Company and Mr. Scopelliti
or his immediate family members which would require disclosure
under Item 404(a) of Regulation S-K promulgated by the Securities
and Exchange Commission (the SEC).

On April 21, 2017, the Board appointed Ellida McMillan to serve
as Chief Financial Officer and Chief Operating Officer of the
Company, effective as of April 21, 2017.

Ms. McMillan, age 49, has served as the Companys Chief Accounting
Officer, Treasurer and Secretary since November 2013. Prior to
joining Alcentra, Ms. McMillan served as a CPA/Partner consultant
with Tatum US, a financial and technology consulting and advisory
firm. Prior to joining Tatum US, from January 2007 through March
2012, Ms. McMillan owned McMillan Consulting, which provided
management and financial consulting for venture capital companies
and other small to medium sized businesses, including advising on
accounting, financial reporting and analysis, and other financial
matters. Previously, Ms. McMillan was a corporate controller at
KBC Financial Holdings, a subsidiary of KBC Financial Products UK
Ltd, which engaged in the sales, structuring and risk management
of equity linked and equity derivatives instruments, from 2000
until 2004. Prior to KBC, Ellida was an associated director of
Fixed Income Derivatives at Bear Stearns Co. from 1999 until
2000. Ellida began her career as an auditor at Arthur Andersen in
the financial service sector. Ellida holds a B.S. from Fairfield
University and is a licensed CPA.

There are no related party transactions involving Ms. McMillan
that are reportable under Item 404(a) of Regulation S-K
promulgated by the SEC.

On April 21, 2017, the Board appointed Branko Krmpotic to
Executive Vice President of the Company, effective April 21,
2017.

99.1 Press release dated April 27, 2017

About Alcentra Capital Corporation (NASDAQ:ABDC)

Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. It provides customized debt and equity financing solutions to lower middle-market companies, which are companies having annual earnings, before interest, taxes, depreciation and amortization of between $5 million and $15 million, and/or revenues of between $10 million and $100 million. Its investments range in size from $5 million to $15 million. Its investment objective is to generate both current income and capital appreciation primarily by making direct investments in lower middle-market companies in the form of senior debt, unitranche, second lien, subordinated debt and, to a lesser extent, senior debt and minority equity investments. Its investment focus is to make loans to, and selected equity investments in, privately-held lower-middle-market companies.

Alcentra Capital Corporation (NASDAQ:ABDC) Recent Trading Information

Alcentra Capital Corporation (NASDAQ:ABDC) closed its last trading session down -0.13 at 13.89 with 47,191 shares trading hands.