Exhibit 99.1

		3700 Glenwood Ave., Ste. 530 Raleigh, NC 27612

TRIANGLE CAPITAL CORPORATION REPORTS THIRD QUARTER 2011 RESULTS, INCREASES QUARTERLY DIVIDEND TO $0.47 PER SHARE, AND INCREASES ITS SENIOR CREDIT FACILITY TO $75 MILLION

RALEIGH, NC – November 2, 2011, Triangle Capital Corporation (NYSE: TCAP) (“Triangle” or the “Company”), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced its financial results for the third quarter of 2011.

Commenting on the quarter, Garland S. Tucker, III, President and CEO, stated, “It truly has been an outstanding quarter for Triangle on every front, and we are excited to be in a position to increase our quarterly dividend for the third time during the last twelve months. Our earnings for the quarter reflect the strength of our portfolio, and we are extremely pleased with our operating and financial results.”

Third Quarter 2011 Results

Total investment income during the third quarter of 2011 was $16.2 million, compared to total investment income of $9.8 million for the third quarter of 2010, representing an increase of 65.7%. The Company’s increase in investment income is primarily attributable to new portfolio investments made during 2010 and 2011 which resulted in an increase in total loan interest, fee, dividend and paid-in-kind interest income of approximately $6.4 million.

Net investment income during the third quarter of 2011 was $10.4 million, compared to net investment income of $5.6 million for the third quarter of 2010, representing an increase of 85.2%. The Company’s net investment income per share during the third quarter of 2011 was $0.52 based on a weighted average share count of 20,015,230, as compared to $0.46 during the third quarter of 2010, based on a weighted average share count of 12,258,614.

The Company’s net increase in net assets resulting from operations was $17.5 million during the third quarter of 2011, as compared to a net increase in net assets resulting from operations of $7.2 million during the third quarter of 2010. The Company’s net increase in net assets resulting from operations was $0.87 per share during the third quarter of 2011 based on a weighted average share count of 20,015,230, as compared to a net increase in net assets resulting from operations of $0.59 per share during the third quarter of 2010, based on a weighted average share count of 12,258,614.

The Company’s net asset value, or NAV, per share at September 30, 2011, was $14.59 as compared to $12.09 per share at December 31, 2010. As of September 30, 2011, the Company’s weighted average yield on its outstanding, currently yielding, debt investments was approximately 15.1%.

Liquidity and Capital Resources

At September 30, 2011, the Company had cash and cash equivalents totaling $85.4 million.

During the third quarter of 2011, the Company completed a public offering of 4.0 million shares of common stock with net proceeds of approximately $65.7 million.

As previously announced, during the second quarter of 2011, the Company closed a three-year senior secured credit facility (the “Credit Facility”) with an initial commitment of $50.0 million. On November 1, 2011, the commitment was increased to $75.0 million. The Credit Facility has an accordion feature which allows for an increase in the total loan size up to $90.0 million and also contains two one-year extension options bringing the total potential funding period to five years from closing. Borrowings under the Credit Facility will be at an interest rate of LIBOR plus 2.95%. As of September 30, 2011, the Company had no outstanding debt under the Credit Facility.

As of September 30, 2011, the Company had issued non-callable, fixed rate SBA-guaranteed debentures outstanding totaling $224.2 million.

Commenting on the Company’s liquidity position, Steven C. Lilly, Chief Financial Officer, stated, “We were very pleased with the timing of our follow on equity offering during the quarter as we again were able to closely match the proceeds from our equity offering with our investment pipeline. In addition, the expansion of our Credit Facility increases our liquidity and financial flexibility at what we believe is a very opportune time in the investing market.”

Dividend and Distribution Information

Triangle announces today that its board of directors has declared a cash dividend of $0.47 per share. This is the Company’s twentieth consecutive quarterly dividend since its initial public offering in February, 2007, and represents an 11.9% increase over the fourth quarter of 2010.

The Company’s dividend will be payable as follows:

Record Date: December 14, 2011

Payment Date: December 28, 2011

As previously announced on August 31, 2011, Triangle’s board of directors declared a cash dividend of $0.44 per share. The dividend was payable with a Record Date of September 14, 2001, and a Payment Date of September 28, 2011.

Triangle has adopted a dividend reinvestment plan (“DRIP”) that provides for reinvestment of dividends on behalf of its stockholders, unless a stockholder elects to receive cash. As a result,

when the Company declares a cash dividend, stockholders who have not opted out of the DRIP will have their cash dividends automatically reinvested in additional shares of the Company’s common stock, rather than receiving cash dividends.

When the Company declares and pays dividends, it determines the allocation of the distribution between current income, accumulated income and return of capital on the basis of accounting principles generally accepted in the United States (“GAAP”). At each year end, the Company is required for tax purposes to determine the dividend allocation based on tax accounting principles. Due to differences between GAAP and tax accounting principles, the portion of each dividend distribution that is ordinary income, capital gain or return of capital may differ for GAAP and tax purposes.

Recent Portfolio Activity

During the third quarter of 2011, Triangle made four new investments totaling approximately $36.9 million, four debt investments in existing portfolio companies totaling approximately $10.9 million, and two equity investments in existing portfolio companies of approximately $0.1 million. During the third quarter of 2011, the Company received normal principal repayments and partial loan prepayments totaling approximately $0.9 million. Also during the third quarter of 2011, Triangle recognized a gain of approximately $1.0 million on the sale of one equity investment and a loss of $3.0 million on the conversion of debt to equity in one portfolio company that was on non-accrual status.

New investment transactions which occurred during the third quarter of 2011 are summarized as follows:

On July 27, 2011, Triangle made a $13.8 million subordinated debt investment in Renew Life Formulas, Inc. (“Renew”). Renew is a provider of branded nutritional supplements and wellness products.

On July 27, 2011, Triangle made a $1.9 million second lien debt investment in Aramsco Holdings, Inc. (“Aramsco”). Aramsco is a distributer of environmental safety and emergency preparedness products.

On September 7, 2011, Triangle made a $6.4 million investment in Venture Technology Groups, Inc. (“VTG”) consisting of subordinated debt and equity. VTG is a distributor of valves, actuators, regulators, and other flow control devices for use in a variety of industries.

On September 14, 2011, Triangle made a $14.8 million investment in Magpul Industries Corporation (“Magpul”) consisting of subordinated debt and equity. Magpul designs, assembles, and markets aftermarket components and accessories including trigger guards, grips, stocks and magazine enhancements for various firearms.

Investments subsequent to quarter end are summarized as follows:

On October 24, 2011, Triangle made a $9.7 million investment in Media Storm, LLC (“Media Storm”) consisting of subordinated debt and equity. Media Storm plans and executes advertising

purchases on behalf of television networks, and specializes in reaching the increasingly fragmented and niche audiences targeted by original cable television programming.

Conference Call to Discuss Third Quarter 2011 Results

Triangle has scheduled a conference call to discuss third quarter results for Thursday, November 3, 2011, at 9:00 a.m. ET.

To listen to the call, please dial 877-312-5521 or 253-237-1143 approximately 10 minutes prior to the start of the call. A taped replay will be made available approximately two hours after the conclusion of the call and will remain available until November 7, 2011. To access the replay, please dial 855-859-2056 or 404-537-3406 and enter the passcode 15919216.

Triangle’s quarterly results conference call will also be available via a live webcast on the investor relations section of its website at http://ir.tcap.com/events.cfm. Access the website 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay will be available on the Company’s website until December 15, 2011.

About Triangle Capital Corporation

Triangle Capital Corporation (www.TCAP.com) is a specialty finance company organized to provide customized financing solutions to lower middle market companies located throughout the United States. Triangle’s investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle’s investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions to fund growth, changes of control, or other corporate events. Triangle typically invests $5.0 million - $20.0 million per transaction in companies with annual revenues between $20.0 million and $100.0 million and EBITDA between $3.0 million and $20.0 million.

Triangle has elected to be treated as a business development company under the Investment Company Act of 1940 (“1940 Act”). Triangle is required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NYSE, federal and state laws and regulations. Triangle has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to Triangle could have a material adverse effect on Triangle and its stockholders.

Forward Looking Statements

This press release may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under the Company’s control, and that the Company may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future and some of these uncertainties are enumerated in Triangle’s filings with the Securities and Exchange Commission. Certain factors that could cause actual results to differ materially from those contained in the

forward-looking statements are included in our annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, each as filed with the Securities and Exchange Commission. Copies are available on the SEC’s website at www.sec.gov and shareholders may receive a hard copy of the completed audited financial statements free of charge upon request to the Company at 3700 Glenwood Avenue, Suite 530, Raleigh, NC 27612. Such statements speak only as of the time when made, and the Company undertakes no obligation to update any such statement now or in the future.

Contacts

Sheri Blair Colquitt

Vice President, Investor Relations

919-719-4784

scolquitt@tcap.com

Steven C. Lilly

Chief Financial Officer

919-719-4789

slilly@tcap.com

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TRIANGLE CAPITAL CORPORATION

Consolidated Balance Sheets

TRIANGLE CAPITAL CORPORATION

Unaudited Consolidated Statements of Operations

TRIANGLE CAPITAL CORPORATION

Unaudited Consolidated Statements of Cash Flows