Patriot Capital Funding Reminds Stockholders to Vote on Proposals Submitted for Approval...

Patriot Capital Funding Reminds Stockholders to Vote on Proposals Submitted for Approval at 2008 Annual Meeting of Stockholders

WESTPORT, Conn.--(Business Wire)--
Patriot Capital Funding, Inc. (NasdaqGS: PCAP) would like to
remind its stockholders to vote on the proposals being submitted for
approval at its 2008 annual meeting of stockholders to be held on June
24, 2008. Specifically, with respect to the third proposal, if
stockholders' shares are held for their account by a broker, bank, or
other institution or nominee and they do not instruct such institution
or nominee how to vote their shares, the effect will be the same as if
they voted against this proposal, which seeks to authorize Patriot
Capital Funding, with the approval of its Board of Directors, to sell
shares of its common stock below the then current net asset value per
share in one or more offerings. Such institutions and nominees
generally are not authorized to vote for such a proposal without
obtaining voting instructions from stockholders.

"Given the current turmoil in the debt markets and uncertainty in
the equity capital markets, we believe that it is important that we
maintain sufficient financing flexibility to support our continued
growth," said Richard Buckanavage, President and Chief Executive
Officer of Patriot Capital Funding. "In this regard, we are seeking
approval of a proposal at our 2008 annual meeting of stockholders to
authorize us to sell shares of our common stock below the then current
net asset value per share to ensure such financing flexibility. As a
result, we are urging stockholders to contact their brokers, banks,
and other institutions and nominees to instruct them how to vote their
shares on this proposal."

Voting Instructions

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-- If their shares are held in an account at an institution or nominee
participating in Broadridge Financial Services, Inc.'s Investor
Communications Solutions program, they may vote those shares by:

-- telephone by calling 1.800.454.8683 or

-- internet 24 hours a day, 7 days a week at
http://www.proxyvote.com.

In order to vote via either of these methods, the control number on
the voting form is needed.

-- If their shares are held directly in their name, they may vote
those shares by mailing back the proxy card they received from
Patriot Capital Funding.

-- If their shares are held in an account at an institution or
nominee and they obtain proper written authority from their
institution or nominee, or if their shares are held directly in
their name, they may attend the 2008 annual meeting of
stockholders and vote their shares in person.
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Stockholders who have questions about voting or changing their
vote, or need assistance voting their shares, should call Georgeson,
Inc. at 1.800.223.2064.

About Patriot Capital Funding, Inc.

Patriot Capital Funding, Inc. (www.patcapfunding.com) is a
specialty finance company providing customized financing solutions
primarily to private equity sponsors focused on making investments in
small- to mid-sized companies. Patriot Capital Funding typically
invests in companies with annual revenues ranging from $10 million to
$100 million that operate in diverse industry sectors. Investments
usually take the form of senior secured loans, junior secured loans,
and/or subordinated debt investments - which may contain equity or
equity-related instruments. Patriot Capital Funding also offers
"one-stop" financing, which typically includes a revolving credit
line, one or more senior term loans and a subordinated debt
investment. Patriot Capital Funding also makes equity co-investments
of generally up to $2.0 million and, to a lesser extent, investments
in broadly syndicated loans.

Forward-Looking Statements

This press release may contain certain forward-looking statements,
including statements with regard to the future performance of Patriot
Capital Funding. Words such as "believes," "expects," "projects," and
"future" or similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
subject to the inherent uncertainties in predicting future results and
conditions. Certain factors could cause actual results to differ
materially from those projected in these forward-looking statements,
and some of these factors are enumerated in Patriot Capital Funding's
Form 10-K for the year ended December 31, 2007, and other filings with
the Securities and Exchange Commission. Patriot Capital Funding
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

Patriot Capital Funding, Inc.
Richard Buckanavage, 203-429-2700
President and Chief Executive Officer
or
Jaffoni & Collins Incorporated
Robert Rinderman or Steven Hecht, 212-835-8500
PCAP@jcir.com

Copyright Business Wire 2008