NEW YORK, Nov. 3, 2006 (PRIMEZONE) -- On October 31, 2006, Blackhawk Capital Group BDC, Inc. (OTCBB:BHCG) executed an investment advisory management agreement with Barak Asset Management, LLC. Barak will serve as an investment adviser to Blackhawk and manage its investment portfolio. Barak was formed by Sharon D. Highland in 2006. From 2002 to 2006, Ms. Highland was Director of Product Development and Management in the Private Client Group for managed accounts, open and closed-end funds at BlackRock. From 1997 to 2002, she was Senior Vice President and head of Wrap Fee Investments at PIMCO Allianz. The investment advisory management agreement is for a one-year term, renewable annually. Blackhawk currently does not have an investment portfolio.
Blackhawk Executes Investment Advisory Management Agreement
| Source: Blackhawk Capital Group BDC, Inc.