Exhibit 10.17

AMENDMENT NO. 3 TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 3 TO THE EMPLOYMENT AGREEMENT (this “Amendment”) is made
effective as of the 5th day of March, 2014 (the “Effective Date”) by and between
MCG Capital Corporation, a Delaware corporation (the “Company”) and B. Hagen
Saville (the “Executive”) (each, a “Party” and collectively, the “Parties”).
WITNESSETH:
WHEREAS, the Parties hereto entered into that certain Employment Agreement
effective as of September 18, 2006, which was subsequently amended on (i)
December 31, 2008 to ensure compliance with Section 409A of the Internal Revenue
Code and (ii) November 1, 2012 in connection with Executives’ appointment to the
office of Chief Executive Officer (such agreement as amended, referred to as the
“Agreement”); and
WHEREAS, the Agreement may be modified by a writing signed by the Parties
pursuant to Section 12(a) of the Agreement; and
WHEREAS, the Parties hereto desire to amend the Agreement to reflect mutually
agreed upon revised terms in accordance with the provisions of this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth herein and for good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the Parties hereto agree as follows:
1.    Definitions.
Capitalized terms used herein, but not otherwise defined, shall have the
meanings ascribed to them in the Agreement.
2.    Amendments.
(a)    As of the Effective Date, in each and every instance in the Agreement
where the term “President and Chief Executive Officer” occurs, such term shall
be replaced by “Chief Executive Officer.”
(b)    Section 2(a) of the Agreement is hereby amended and restated in its
entirety to read as follows:
“The Executive shall be employed as the Chief Executive Officer of the Company
and shall serve on the Board of Directors of the Company (the “Board”). The
Executive shall perform the duties, undertake the responsibilities and exercise
the authority customarily performed, undertaken and exercised by persons
situated in a similar executive capacity.”
3.    Reference to and Effect on the Amended Agreement.
(a)    On and after the Effective Date, each reference to “this Agreement,”

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“hereunder,” “hereof,” “herein,” or words of like import shall mean and be a
reference to the Agreement as amended hereby. No reference to this Amendment
need be made in any instrument or document at any time referring to the
Agreement, a reference to the Agreement in any of such instrument or document to
be deemed to be a reference to the Agreement as amended hereby.
(b)    Except as expressly amended by this Amendment, the provisions of the
Agreement shall remain in full force and effect.
4.    Governing Law.
This Amendment, including any disputes hereunder, and the interpretation,
validity and/or enforcement of any provision thereof, shall be governed,
construed and enforced in accordance with the laws of the Commonwealth of
Virginia, without regard to its conflicts of law rules.
5.    Counterparts.
This Amendment may be executed by facsimile in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute a
single instrument.
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IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed
and delivered on the date first written above.
MCG CAPITAL CORPORATION

By:         /s/ Tod K. Reichert            
Name:  Tod K. Reichert
Title:    Executive Vice President

EXECUTIVE

By:        /s/ B. Hagen Saville            
Name:   B. Hagen Saville

[Signature Page to Amendment No. 3 to Employment Agreement]