BlackRock Capital Investment Corporation appoints Nik Singhal as President & Abby Miller as CFO and Treasurer

By Pavithra R

BlackRock Capital Investment Corporation (BCIC) has announced the appointment of Nik Singhal as President and Abby Miller as Chief Financial Officer and Treasurer, at which time Michael Pungello, Interim CFO and Treasurer will step down from those posts. 

BlackRock Capital Investment announced the planned retirement of Mr Pungello from BlackRock in March 2021. Mr Pungello will serve in an advisory role until then.

“I’m pleased to announce Nik’s appointment as President and Abby’s appointment as CFO and Treasurer. Nik has been an integral part of our team while implementing and executing our strategy towards improving the health of BCIC’s portfolio. He is a proven leader with a demonstrated track record of success. Abby is succeeding Michael Pungello who is retiring after 22 years at BlackRock. She has a wealth of experience in finance and accounting, and I’m thrilled that she will be stepping into this new role. We are grateful to Mike for his many years of dedicated service and wish him well in his retirement,” said BlackRock Capital Investment Chairman and Interim CEO James Keenan. 

Mr Singhal joined BlackRock in 2010 and has served in various leadership positions. In his new role as President, Mr Singhal will continue to manage the execution of BCIC’s business strategy. He is currently serving as the Managing Director (MD) of BlackRock and a member of BlackRock’s Global Credit Platform. He also serves on the Investment Committees of BCIC and other BlackRock direct lending funds.

Before joining BlackRock, Mr Singhal worked as a senior investment professional at HBK Capital Management, where he was responsible for originating and managing direct corporate loans and other opportunistic investments. Previously, he was a VP in the Fixed Income Division of Lehman Brothers, where he structured and managed principal transactions. Mr Singhal holds a B.S. degree in Computer Science and Engineering from IIT Delhi and an MBA from IIM Ahmedabad.

Ms Miller has served as BCIC’s financial controller since 2017 September. Prior to joining BlackRock, Ms Miller served as Executive Director of Accounting Policy and Quality Assurance at Rabobank N.A. She previously held leadership positions at Fortress Investment Group & MUFG Americas. Ms Miller began her career in 2006 as an auditor at Ernst & Young after earning a B.S. degree in accounting and finance from Binghamton University’s School of Management.

Founded in 2005, BlackRock Capital Investment Corporation is a business development company that provides debt and equity capital to middle-market companies. It provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.