American Capital Strategies Ltd.

Douglas Kelley joined American Capital’s Dallas office in 2004 and is a Principal in the Sponsor Finance Group. He is responsible for originating, executing, and managing debt and minority equity investments in partnership with other financial sponsors. Mr. Kelley has made debt and equity investments in private companies within a range of industries including food, healthcare, technology, and energy services. Mr. Kelley serves on the board of directors or as board observer of several American Capital investments, including Corrpro, Hospitality Mints, CreditCards.com and Direct Mail Holding. He previously served on the board of directors of BPWest. Prior to joining American Capital, Mr. Kelley was an Associate at J.P. Morgan in its Los Angeles-based investment banking practice; was an Associate and founding member of the Los Angeles office of The Beacon Group, a New York-based merchant banking firm which managed over $2 billion of private equity capital and provided strategic advisory services to both middle-market and Fortune 500 clients; and was a Financial Analyst in the New York-based leveraged finance group of Credit Suisse First Boston. Mr. Kelley holds M.B.A. and B.B.A. degrees from the McCombs School at The University of Texas at Austin.

Kyle Bradford joined American Capital in March 2002 and is a Principal in the Dallas Buyout Group. He is responsible for originating, executing and managing investments in middle-market companies across a variety of industry sectors, including healthcare services, life sciences, and consumer products, among others. Mr. Bradford currently serves on the board of directors of American Capital portfolio companies Future Food and The Meadows and is a board observer of Scientific Protein Laboratories. Prior to joining American Capital, Mr. Bradford worked in the Technology Investment Banking Division of Salomon Smith Barney in New York. At Salomon, Mr. Bradford specialized in equity and debt underwriting and merger and acquisition advisory assignments for companies in various technology sectors. Before Salomon, he worked in the Syndicated Finance Group of Banc of America Securities in New York. Mr. Bradford received a Masters in Professional Accounting and a Bachelors of Business Administration from the University of Texas at Austin.

David Steinglass joined American Capital in September 1997 and is one of the longest-tenured investment professionals in the firm. Mr. Steinglass became a member of the investment committee in 2004. Beginning in 2006, he has also shared responsibility for American Capital's private fundraising activities and in that capacity was instrumental in raising $1.6 billion for American Capital Equity I and II. Now based in Hong Kong, he is responsible for all American Capital activities in Asia, including capital raising, portfolio company expansion and investment operations. As an investment professional prior to 2001 and from 2001-2005 as the Managing Director responsible for the Bethesda-based investment team, Mr. Steinglass led 16 transactions. He was responsible for investments deploying $600 million in capital. Those transactions have generated a 3.5 times equity money multiple on realized investments. Prior to joining American Capital, Mr. Steinglass was a judicial law clerk for the Honorable Leonard B. Sand in the Southern District of New York. He holds an A.B, magna cum laude, from Harvard College and a J.D, magna cum laude, from New York University Law School.

Joshua S. Phillips has served on our board of directors since August 2002. Mr. Phillips has served as a Managing Director of Catalyst Health and Technology Partners and affiliated funds and a General Partner of Catalyst Health Ventures L.P. and affiliated funds since December 2000. Prior to joining Catalyst, Mr. Phillips was a Manager at The Lucas Group, a strategy consultancy, where he focused on life science and healthcare engagements. His career has included building a business unit at Russelectric, Inc. and project management at Pratt & Whitney Aircraft. Mr. Phillips is also a director of a number of privately held companies, including Castel, Inc., Allegro Diagnostics, Inc. and Vortex Medical, Inc. Mr. Phillips earned his B.E. in Electrical Engineering and Mathematics from Vanderbilt University and his MBA from Harvard Business School.

Lauren Fitzgerald joined American Capital in September 2007 as Vice President, Human Resources. In this position she is responsible for leading all Human Resources activities as a business partner for our Corporate Groups—specifically, her clients include the FACT, Legal, Finance and Treasury, Corporate Communications, Investor Relations, Information Technology, Human Resources, Internal Audit, Real Estate, Financial Services and Residential Mortgage-Backed Securities groups. Additionally, she provides Human Resources advisory services to American Capital's portfolio of companies. Most recently, Lauren was the Senior Director of Human Resources for CoStar Group, Inc., a publicly traded commercial real estate information company, for nearly eight years. She led the overall HR strategy including talent management, employee rewards and employee relations matters, while overseeing its growth in both the US and abroad. Prior to that role, Lauren was a Senior Manager of Human Resources for Pepsi-Cola Company's Mid-Atlantic region. She also was selected as Pepsi's National Project Manger for Affirmative Action Compliance and appointed Human Resources liaison to Job Corps, a vocational training program administered by the U.S. Department of Labor. She has also served as the head of Human Resources and other HR roles at Morton's Restaurant Group, where she created the infrastructure of the Human Resources Department amid nationwide expansion. Lauren began her professional HR career at Encyclopaedia Britannica. She has Master of Business Administration and Bachelor of Science in Commerce degrees with concentrations in Human Resources from DePaul University in Chicago.

Mr. Peterson graduated from Willamette University's College of Law in 1980. He had earlier earned an AB in Government, with High Honors, and been inducted into Phi Beta Kappa at The College of William and Mary. In 1987, while actively practicing law, he purchased and re-opened an aluminum smelter in Washington State. Subsequently he founded Columbia Ventures Corporation and led in the creation or acquisition of several subsidiary businesses. Mr. Peterson is a Director of American Capital Strategies, Inc., a NASDAQ-listed company, and Cogent Communications, a publicly traded company on the American Stock Exchange. Mr. Peterson is also a Director of the Washington Policy Center, a non-profit research center.

Myung Yi joined American Capital, Ltd. in February 2000 as an associate in the Bethesda, MD office, was promoted to Vice President in July, 2001, and became a Principal in the Operations Team in 2004. Mr. Yi serves on the boards of American Capital portfolio companies Paradigm Precision Holdings LLC, The Algoma Group, The New Piper Aircraft, Pan Am International Flight Academy and Warner Power. He began his career as an audit associate in the Washington, D.C. office of Price Waterhouse focusing on financial institutions. After law school, he practiced tax law briefly at the firm of Caplin & Drysdale. He then joined the Bethesda, MD office of the Boston Consulting Group as a consultant. His focus was corporate development, valuation and strategic planning. Mr. Yi received an J.D., cum laude, from the Georgetown University Law Center and a Bachelor of Science in Economics, magna cum laude, from the Wharton School of the University of Pennsylvania.

John A. Koskinen was named as Freddie Mac’s interim chief executive officer in March 2009, having served as non-executive chairman since September 2008, when the Federal Housing Finance Agency (FHFA) placed the company into conservatorship. He will be serving in this capacity until FHFA appoints a permanent CEO. As non-executive chairman, Koskinen was responsible for ensuring strong corporate governance and forming a new Board of Directors for Freddie Mac. He was appointed to the position by FHFA Director James B. Lockhart. Koskinen has extensive public and private sector experience. He worked at the Palmieri Company for many years, including serving as President and CEO from 1979 to 1993. There he participated in the restructuring and turnarounds of many companies including the Penn Central Transportation Company, Levitt and Sons, Inc. and Mutual Benefit, the largest insurance company in history to fail. Most recently, Koskinen served as president of the United States Soccer Foundation. Prior to that, he served as deputy mayor and city administrator of the District of Columbia, where he was responsible for the operation of all city departments. Koskinen has also occupied several senior positions with the federal government, including service as deputy director for management in the Office of Management and Budget, where he coordinated the work of the chief financial officers, chief information officers and inspectors general of all government agencies. He also guided the country into the new millennium as the Chair of the President’s Council on Year 2000 Conversion. Koskinen earned his law degree from the Yale University School of Law, where he was graduated cum laude. He also has a Bachelor’s degree magna cum laude in physics from Duke University. He served for 12 years as a trustee of Duke University and was also chairman of the Board for three years. He currently serves on the Boards of the AES Corporation, American Capital, Ltd. and the nonprofit D.C. Education Compact.

Todd Wilson joined the New York office of American Capital in July 2002. Prior to joining American Capital, he spent three years as a Principal at Wind Point Partners, a Chicago-based LBO/private equity fund. Mr. Wilson joined Wind Point after being awarded a Kauffman Fellowship - a private equity fellowship sponsored by the Kauffman Foundation. He has previously worked in the Investment Banking Groups of Montgomery Securities and Merrill Lynch, where he was an Associate and an Analyst respectively. In 2009, Mr. Wilson transferred to the Los Angeles office and currently serves as a Director on the boards of American Capital portfolio companies Futurelogic, Inc., Dynojet Research Inc., and Edline, LLC. Mr. Wilson received his bachelor's degree in finance from The Wharton School of Business, and his MBA from the Fuqua School of Business at Duke University.

Malon Wilkus is the founder, Chairman, and CEO of American Capital, Ltd. (Nasdaq: ACAS). American Capital has $11 billion in capital resources under management and, both directly and through its global asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. Mr. Wilkus has also been the Chairman of European Capital Limited (LSE: ECAS), a publicly traded private equity and mezzanine fund, since its formation in 2005. American Capital and its affiliates invest from $5 million to $ 400 million per company in North America and €5 million to €100 million per company in Europe. Mr. Wilkus is the Chairman and Chief Executive Officer of American Capital Agency Corp. (Nasdaq: AGNC), a real estate investment trust (REIT) formed in 2008 with capital resources of approximately $2.5 billion. American Capital Agency invests exclusively in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. Mr. Wilkus is the Chairman of American Capital, LLC, the fund management portfolio company of American Capital, Ltd. He has served on the board of over a dozen middle market companies in various industries.

Gordon O'Brien joined American Capital in October 1998 as a Principal, was promoted to Managing Director in 2001 and became a member of the Investment Committee in 2002. In July 2008 he was named to his current position. From 1995 to 1998, Mr. O'Brien was Vice President at Pennington Partners & Company, a private equity firm with $90 million under management. There, Mr. O'Brien was responsible for structuring private equity investments, conducting due diligence, negotiating debt agreements and managing portfolio companies. Prior to his tenure at Pennington Partners, Mr. O'Brien worked at Golder, Thoma, Cressey, Rauner, Inc., a private equity firm with $700 million under management and before that at Chemical Bank in Chicago. Before joining Chemical, Mr. O'Brien was co-owner of a door manufacturing company in Australia. Mr. O'Brien has participated in various transactions in the funeral home, food service, institutional pharmacy, logistics and cable and wire industries. Mr. O'Brien holds a graduate degree in business from the University of Chicago and an undergraduate degree from the University of Pennsylvania, Wharton School of Business.

Ira Wagner initially joined American Capital Ltd. in 1986 and rejoined in October 1997 as a Principal. In May 2001, Mr. Wagner was named Executive Vice President and Chief Operating Officer of American Capital and in August 2008 he became President, European Private Finance. In these roles, Mr. Wagner was instrumental in the growth of American Capital from 2001 and also led the development of American Capital’s European private finance platform beginning in 2004, being named President of European Capital Financial Services in 2005. In addition, Mr. Wagner led the development of American Capital’s Syndications Team in New York beginning in 2005, which is responsible for placing senior debt underwritten by American Capital, and managed the CLO platform, also in New York, also beginning in 2005. Before Mr. Wagner rejoined American Capital in 1997 he was a Senior Vice President at MONY Capital Markets, a specialty investment banking firm in which he was responsible for arranging financing for numerous companies primarily in the food and natural resources industries. Prior to earning his M.B.A. at the University of North Carolina at Chapel Hill in 1985, Mr. Wagner was the co-founder of a business which distributed imported auto parts in western New England from 1975 through 1982.

John Erickson joined American Capital as Chief Financial Officer in January of 1998. He has more than 15 years of finance and accounting experience in private and public company settings. Mr. Erickson spent nearly eight years with Storage USA, Inc. (NYSE:SUS) and its related subsidiaries. He served as the Chief Financial Officer and managed Storage USA's capitalization growth from $30 million to more than $1 billion during his tenure. Mr. Erickson negotiated and structured in excess of $750 million in public and private debt and equity offerings for Storage USA including its initial public offering. In addition to his capital raising activities, Mr. Erickson developed the business plan, structured and served as President of Storage USA Franchise Corp., a subsidiary which provides franchise services to the self-storage industry.

Mr. Burge joined American Capital's Investment Committee in 2007 after serving as Partner from 1998 until 2007 at Norwest Equity Partners, a private equity fund affiliated with Wells Fargo & Co. with over $2 Billion under management. There he was responsible for all aspects of investment activities and participated on numerous boards of directors. Prior to Norwest, in 1995, he co-founded Wells Fargo Equity Capital, which was then later merged with Norwest. Before Wells Fargo Equity, he was Managing General Partner at Wedbush Capital Partners where he managed a private equity fund and oversaw investment activities. Prior to Wedbush, Mr. Burge worked in commercial banking for Wells Fargo & Co. and Security Pacific Bank where he primarily worked on providing senior debt to leveraged buyout transactions. Mr. Burge holds a B.S. in Finance from San Diego State University and an M.B.A. from the University of Southern California.

Mr. Dratch has 10 years of experience in the bank loan market and joined American Capital in November 2005 as a Vice President. Prior to joining American Capital, Mr. Dratch was employed at Merrill Lynch Capital underwriting leveraged middle market transactions that were primarily sourced through the firm's brokerage force. Prior to joining Merrill, he was employed at RBC Capital Markets' Corporate Credit group covering a portfolio of large-cap borrowers. Prior to joining RBC, Mr. Dratch underwrote and monitored leveraged transactions in the Media and Healthcare divisions of FleetBoston Financial (which was subsequently acquired by Bank of America). Mr. Dratch holds a BA in Economics from Bates College and an MBA in Finance from Babson College. He is a Chartered Financial Analyst charterholder

Mr. Pelletier is the Group Head of the CLO/CDO Team and is responsible for managing all loan and CDO investments on behalf of American Capital. Mr. Pelletier has 18 years of investment experience. Before joining American Capital in 2005, Mr. Pelletier was a senior portfolio manager and analyst for Flagship Capital Management, Inc. and covered the commercial, industrial and technology sectors. Flagship Capital was part of the asset management arm of Bank of America focused on managing approximately $3 billion in leveraged loans across seven CLO portfolios. Mr. Pelletier was a founding member of Flagship Capital, which commenced operations during FY 2000. Before joining Flagship Capital at its inception in 2000, Mr. Pelletier spent three years in leveraged finance with FleetBoston, where his primary responsibilities included sourcing and analyzing syndicated loans. He also participated in managing FleetBoston’s $2 billion CDO investment portfolio, which consisted of senior, mezzanine and equity tranches of approximately 40 different CDO managers. Before joining FleetBoston in 1997 as Vice President in Leveraged Finance, Mr. Pelletier spent three years as an Investment Analyst at GE Capital, two years as a senior analyst at BankBoston, and three years as Assistant Vice President at Heller Financial in the leveraged senior debt market, underwriting, structuring, and monitoring leveraged credits. Mr. Pelletier holds BS and MBA degrees from Northeastern University, and is a Chartered Financial Analyst charterholder.

Mr. Cerullo has 18 years of experience in the bank loan market. Before joining American Capital in 2005, he was Senior Vice President and Credit Products Officer in Bank of America’s Commercial Bank, serving mid-sized commercial and industrial companies based in New Jersey. His prior experience also includes over nine years lending to companies in the media and entertainment industries, three years lending to middle market companies located in the Upstate New York market, and two years in commercial loan work-outs, all with predecessor banks to Bank of America. Mr. Cerullo received his MBA from New York University’s Stern School of Business and BA/BS degrees from the University of Pennsylvania.

Mr. Richert has 15 years of experience in the bank loan market. Prior to joining American Capital in 2006, Mr. Richert was a Senior Research Analyst for Sanno Point Capital Management, a credit-focused hedge fund, were he covered home builders, TMT, drug store retailers and metals & mining. Previously, he was Director – Bank Loan Unit at Metropolitan Life Insurance Company where he worked for 10 years. Mr. Richert managed a $3 billion portfolio of leveraged loans, including three separate CDO structures. He managed over 40 portfolio names of high yield bank loan issuers where he negotiated amendments and executed relative value trades. Mr. Richert received his MBA from The University of Michigan and his BS of Business Administration degree from Southern College. He is a Chartered Financial Analyst charterholder and is a Certified Public Accountant.

Samuel A. Flax joined American Capital in January, 2005, as its Executive Vice President and General Counsel. He also serves as the company's corporate Secretary and Chief Compliance Officer. Prior to joining American Capital, Mr. Flax was a senior partner in the corporate and securities practice group of the Washington, D.C. law firm of Arnold & Porter LLP. At Arnold & Porter, Mr. Flax was American Capital's principal external counsel since before the company's 1997 initial public offering. As outside counsel, Mr. Flax represented American Capital in raising more than $4.5 billion in debt and equity capital, advised the company on corporate, securities and other legal matters and represented the company in many of its investment transactions. At Arnold & Porter, Mr. Flax also represented a variety of other clients in a broad range of corporate and transactional matters including mergers and acquisitions, restructurings of sovereign and other debt, real estate investments and bankruptcy matters. Mr. Flax joined Arnold & Porter in 1985 and became a partner in 1990. He is a graduate of the Washington & Lee University School of Law, where he was an editor of the Law Review, and received his undergraduate degree in industrial engineering from Georgia Tech. Following graduation from law school, he was a law clerk for the Hon. H. Emory Widener, Jr., of the United States Court of Appeals for the Fourth Circuit.

Rich Konzmann joined American Capital in September 2002 as the Controller. In January 2006, Mr. Konzmann was promoted to Senior Vice President, Accounting and Reporting. Prior to joining American Capital, Mr. Konzmann was the Vice President of Corporate Accounting for Crestline Capital Corporation, a publicly-traded company with over $4 billion of revenues engaged in the business of owning, leasing and managing hotels and senior living communities from December 1998 to August 2002. Prior to joining Crestline Capital, Mr. Konzmann was with Host Marriott Corporation, a publicly-traded hotel real estate company with over $7 billion in assets. Mr. Konzmann served in various roles with Host Marriott in corporate accounting and asset management from November 1993 to December 1998. Prior to joining Host Marriott, Mr. Konzmann was with the accounting firm Deloitte. Mr. Konzmann received his Bachelor of Science in Accounting from the Pennsylvania State University. He is a Certified Public Accountant.

Tom McHale joined American Capital in December 1998. Prior to joining American Capital, he served as Controller of Silver Diner, Inc., a publicly traded restaurant company. Tom began his career as an auditor with Price Waterhouse working with financial institutions and technology companies. Mr. McHale received a Bachelor of Science in Business Administration in Accounting and Management from Georgetown University. He is a Certified Public Accountant.

Adam Stern joined American Capital in May 2005 as an Associate in the Dallas office and was promoted to Vice President in January 2006. Prior to joining American Capital, Mr. Stern worked in Dallas at The Riverside Company, a New York-based private equity firm focused on the middle-market. Before The Riverside Company, he worked at two private equity firms in New York, Park Avenue Equity Partners and The Chart Group, and at the investment banking division of Lehman Brothers in the Natural Resources and Power Group. Mr. Stern graduated with high honors from the University of Texas' McCombs School of Business, where he earned a BA in Accounting and a MPA in Taxation. He has passed all four parts of the certified public accountancy exam.

Alex Grau joined American Capital, Ltd. in September 2006 as an Associate on the Operations Team and was promoted to Vice President in January 2008. His responsibilities include financial and operational analysis in support of the restructuring, growth, and exit strategies of various portfolio companies. He currently works with Piper Aircraft and Warner Power, among other American Capital portfolio companies, and recently helped to complete the exit and wind up of Logistics Express. Prior to joining American Capital, Mr. Grau held positions at Miller Buckfire, a restructuring investment bank, Strategic Pricing Group (acquired by Monitor Group), a pricing and marketing strategy consultancy, Nextera Enterprises’ Technology Solutions Group, a technology strategy consultancy and Wells Fargo Investigative Services (acquired by Securitas AB), an information and security services company. Mr. Grau holds an MBA in Finance and Accounting from The Wharton School at the University of Pennsylvania, where he was a Joseph Wharton Fellow and a Citibank Leadership Fellow, and a BS in Foreign Service from The Walsh School at Georgetown University. He played four years of Division I-AA football at Georgetown and then three years of semi-pro football in the N.E.F.L.

Allison Young joined American Capital in 2005 as a Vice President in the Operations Team. Allison has more than 15 years of financial advisory experience with a focus in acquisitions, turnarounds, finance and accounting. Prior to joining American Capital, Allison was a Managing Director in FTI Consulting's Corporate Finance practice, where she focused on financial restructurings in the energy and industrial sector. Prior to FTI, Allison managed valuations, and buy-side and sell-side transactions for a boutique investment bank specializing in the retail and consumer products industries. She also worked in industry evaluating acquisition opportunities and managing the integration of newly acquired subsidiaries for an $800 million recycled paperboard and custom packaging company. She began her career as an auditor for KPMG. Allison holds an MBA from Emory University and a BA in Business and Accounting from Wake Forest University. She is also a Certified Public Accountant.

Alvin Tan worked at American Capital from June 2004 to June 2006 as an Associate in the Operations Team and rejoined American Capital in May 2007. As a member of the Operations Team, Mr. Tan's responsibilities include financial and operational analysis in support of the restructuring and exit strategies of portfolio companies. Prior to his first stint at American Capital, Mr. Tan was a Senior Associate with Arthur Andersen’s corporate restructuring group and an Associate with KPMG's assurance practice. Prior to re-joining American Capital, Mr. Tan worked in the leveraged finance group of RBS. Mr. Tan is a member of the Canadian Institute of Chartered Accountants and holds a BA in from the University of British Columbia and an MBA from the University of Western Ontario.

Andrew Flesch joined American Capital in April 2005 and is a Vice President in the Special Situations Group in the Chevy Chase office. Mr. Flesch is actively involved with portfolio companies Pan Am International Flight Academy and Republic Financial Corporation; and contributed to the successful investments in Evans Analytical Group and Trigeant, Ltd. Prior to joining American Capital, Mr. Flesch was an Associate with Wachovia Securities Corporate and Investment Bank in its Special Situations Workout Group where he worked on restructuring transactions across a broad range of industries that focused on maximizing the Bank’s recovery on distressed assets. Prior to the Special Situations Group, Mr. Flesch was an Analyst in the Leveraged Finance Group at Wachovia. He started his career as an Analyst with SunTrust Bank. Mr. Flesch holds a B.B.A. in Finance and Information Technology from Emory University's Goizuetta Business School. He is also a Chartered Financial Analyst and a member of the Washington Society of Investment Analysts.

Brett Donelan joined American Capital in August 2005 as an Associate in the New York office. Prior to joining American Capital, Mr. Donelan was an Associate in the Leveraged Finance/Financial Sponsors Group at Credit Suisse. Prior to Credit Suisse and business school, Mr. Donelan was an Associate with Blue Point Capital Partners, a private equity fund specializing in leveraged buyouts of industrial companies. Mr. Donelan began his career at Morgan Stanley where he was an Analyst in its Real Estate Investment Banking Department. Mr. Donelan holds a B.A. in Economics from Boston College and an M.B.A. from Columbia Business School.

Brian Martin joined American Capital in February 2002 as an Associate in the Los Angeles office and was promoted to Vice President in July 2006. Mr. Martin serves as a Board Member of Futurelogic, Inc., BarrierSafe Solutions International and Electro-Component Assembly Company. Mr. Martin also served as a Board Member of 3SI Security Systems. During the summer of 2005, he assisted in the opening of the Paris office of European Capital. Prior to joining American Capital, Mr. Martin worked in both the Technology Investment Banking Division and Mergers & Acquisitions Group at Robertson Stephens. At Robertson Stephens, Mr. Martin specialized in equity underwriting and mergers & acquisitions transactions for companies in a variety of technology sectors and real estate. Mr. Martin received a B.S. in Business Administration from the Haas School of Business at the University of California at Berkeley.

Chris McCormack joined American Capital in May of 2006 as an Associate in the Real Estate Group and was promoted to Vice President in 2007. Prior to joining American Capital, Mr. McCormack worked as a Securitization Associate with JP Morgan with responsibilities for bringing Commercial Mortgage Backed Securities to market. Mr. McCormack obtained a BS in Business Administration from Towson University and an MBA from the University of Georgia’s Terry College of Business. Chris is a CFA charterholder.

Mr. Toro joined American Capital in March of 2003 as a Treasury Senior Analyst where he focused on the execution, administration, and monitoring of secured and unsecured corporate debt. In August of 2006 Mr. Toro joined the ACAS CLO/CDO Team where he is focused on evaluating and executing principal CDO investments for the firm. Prior to ACAS, he was with Deloitte & Touche LLP, most recently as a member of the Global Capital Markets Group where he was focused on the implementation of Generally Accepted Accounting Principles for asset-backed and mortgage-backed securities transactions. Previously, he was a senior consultant in the Asset Securitization Group (ASG) of PricewaterhouseCoopers LLP where he focused on reviewing transactions for the Securitization Accounting and Modeling Solutions practice – a specialized securitization accounting, cash-flow modeling and valuation group within the ASG. Mr. Toro graduated with a dual BS in Finance and Accounting from New York University’s Stern School of Business and is a Certified Public Accountant.

Christopher Small joined American Capital in March 2007 as an Associate in the Financial Services Group. Prior to joining American Capital, Mr. Small was employed by JMP Securities as both an Associate and Analyst in their Investment Banking-Financial Institutions Group. Mr. Small received his A.B. from Princeton University.

Cydonii Fairfax joined American Capital in 2003 as Vice President and Associate General Counsel. Prior to joining American Capital, Ms. Fairfax was a member of the Corporate & Securities and Private Equity practice groups of Arnold & Porter LLP in Washington, D.C., where her practice focused on structured finance and secured lending transactions, private equity and debt financings, and securities offerings. She also advised clients regarding corporate governance issues and federal securities law matters. Ms. Fairfax previously served as a judicial clerk to the Honorable Inez Smith Reid on the District of Columbia Court of Appeals and worked at JP Morgan & Co., Inc. Ms. Fairfax is a graduate of Harvard Law School, where she was an Editor of the Harvard Negotiation Law Review, and a Phi Beta Kappa graduate of the University of Maryland at College Park with a Bachelor of Science, summa cum laude, in Finance.

Mr. Gessel joined American Capital in September, 2005 as a vice president in the Operations Team. Previously, Mr. Gessel ran Black Rose Technology, an engineering consulting firm offering design and engineering services including mechanical engineering, thermal design and testing, and industrial design. Mr. Gessel co-founded several ventures including Keyspan Instruments, Inc. to design optical and experimental instruments including a temperature controlled ceilometer under contract to NASA. From 1993-1997, Mr. Gessel was a Senior Researcher and Project Director at Interval Research Corporation where he was responsible for the development of a state-of-the-art rapid prototyping facility, designed and fabricated numerous projects including pen based computers, panoramic cameras, 3D video, ultrasonic arrays, and teleconferencing, and shared responsibility for the operation of the Electric Carnival which demonstrated the wonders of multimedia and the Internet throughout the U.S. and Canada. Prior to his tenure at Interval, Mr. Gessel spent three years as a scientist in Apple Computer's Advanced Technology Group where he focused his efforts on digital camera technology, rapid prototyping, pen based computers, and display technologies. Mr. Gessel holds a BS in Physics with a Concentration in Writing from the Massachusetts Institute of Technology and has been awarded seven US patents and two European patents.

Derek Walton joined American Capital in December 2006. Prior to joining American Capital, Derek was Regional Sourcing Director for the Climate Control sector of Ingersoll-Rand, a $10B diversified industrial company. In this role, Derek had functional responsibility for all Climate Control locations within the U.S., Puerto Rico, Brazil and Mexico. Additionally, his responsibilities included the development of strategies and continuous improvement initiatives globally to drive cost performance and meet financial targets for the sector. Prior to that assignment, Derek held several positions of increasing responsibility during his 15 year tenure at Ingersoll-Rand including working for corporate Ingersoll-Rand on a team to re-engineer the global sourcing and supply chain function. He held key corporate positions on both the Castings and Metals/Fabrications Centers of Excellence driving savings in excess of $70M. He also sat on the Board of Directors for the Ingersoll-Rand Credit Union from 1998-2000. Derek holds a Bachelor's Degree in Management from the University of Northern Iowa with dual emphasis in Business Administration & Operations Management. Derek holds the C.P.M. (Certified Purchasing Manager) designation from the Institute of Supply Management (I.S.M). He resides in Farmington, Minnesota.

Diana Stewart joined American Capital in 2007 as Vice President of the Commercial Mortgage Backed Securities Surveillance Group. Prior to joining American Capital, Ms. Stewart was a Vice President at Wachovia Securities in the CMBS Portfolio Management Group, and CRIIMI MAE Services before that. Ms. Stewart has spent nine years of her career involved in direct CMBS surveillance working with performing and non performing loans, and REO properties.

Elizabeth Kurian Adeoye joined American Capital in September 2005 as a Senior Associate. Prior to joining American Capital, she was a consultant for The Boston Consulting Group in Atlanta, GA, where she worked primarily with clients in the energy and wireless technology space. Elizabeth began her career at PricewaterhouseCoopers, where she was a strategy consultant for The Washington Consulting Practice in D.C. Elizabeth holds a B.A. in Economics from Duke University and an M.B.A. in Finance from The Wharton School at the University of Pennsylvania, where she was a Joseph Wharton Fellow.

Elizabeth Masciopinto joined American Capital in 2006 as a Vice President in the Investment Committee team. Ms. Masciopinto has 17 years of investing experience including all aspects of evaluation, structuring, financial controllership and risk management of private equity, mezzanine finance and distressed assets. Prior to joining American Capital she spent 14 years in roles with increasing responsibility throughout General Electric including Senior Vice President in the Commercial Lending and Commercial Real Estate Groups responsible for distressed asset acquisitions. At GE Equity she held leadership positions with the private equity investing team focused on financial services, consumer and technology companies. Ms. Masciopinto holds an MBA from New York University and a BBA from the University of Notre Dame. She studied abroad at Universidad de St. Luis in Madrid.

Erin Soule joined American Capital in November 2001 and began working directly for the Investment Committee in October 2005. Ms. Soule focuses on transaction underwriting; evaluating investment opportunities and managing the due diligence process. She began her tenure at American Capital as a Senior Manager in the Financial Analysis & Compliance Team (FACT) where she lead a 12-person team on financial and accounting due diligence assignments, portfolio valuations and investment monitoring. Prior to joining American Capital, Ms. Soule was a Manager at a telecommunications company and a Senior Associate at PriceWaterhouseCoopers. Ms. Soule has a Bachelor of Science in Accountancy from The College of New Jersey. She is a Certified Public Accountant.

Evan Kurtz joined American Capital in May of 2006 as an Associate in the Real Estate Group and was promoted to Vice President in 2007. Prior to joining American Capital, Mr. Kurtz was an Associate Director at KPMG within their Structured Finance group where he worked on numerous Commercial Mortgage Backed Securities (CMBS) and Asset Backed Securities (ABS) issuances. Mr. Kurtz began his career at the CoStar Group where he was a real estate Research Analyst. Mr. Kurtz holds a BA in Economics from Williams College.

Fernando Ruiz joined American Capital in October 2005. Prior to joining American Capital, Fernando held management positions in sourcing for the GE Consumer and Industrial Division in Puerto Rico and GE Appliances in Mexico. Fernando was responsible for leading and developing sourcing strategies to deliver 10%+ productivity goals on a material spend base of $280 million. Moreover, he simplified the supply chain process by consolidating the vendor base and reducing order to delivery lead-time to 5 days. He started his professional career as production engineer and ISO 9000 auditor at Mabe, which is a Mexican joint venture entity with GE Appliances. Fernando is certified Green Belt in Six Sigma. Fernando received his MBA from a joint program between Thunderbird, The Garvin School of International Management (Glendale, Arizona) and Instituto Tecnologico y de Estudios Superiores de Monterrey (Monterrey, NL. Mexico). He earned his B.S. Industrial Engineering from the Instituto Tecnologico de Queretaro (Queretaro, Qro, Mexico). Fernando lives in Plano, Texas.

Frank Burdine joined American Capital's Human Resources department as a Vice President in January of 2007. Mr. Burdine leads all Human Resources activities for the company's COO and the United States buyout, sponsor finance, CDO/CLO, business development and syndication business units. Prior to joining American Capital, Mr. Burdine was Executive Vice President – Human Resources and Executive Vice President – Chief Administrative Officer at GMAC Commercial Finance. In these two positions, he had global responsibility for human resources, marketing and communications, facilities and disaster recovery/business continuity. He also served as Vice President for Personnel and Student Services and Vice President for Institutional Advancement at Robert Morris University; Director of Human Resources and Administration – Michigan Practice and Regional Recruitment Coordinator at Deloitte & Touche; Director of Professional Employment Services at The Ohio State University and Director of the Gerstacker Professional Management Program and Dean of Students at Albion College. Mr. Burdine holds a Bachelor's degree from Albion College and a Master's degree from Wayne State University.

Heather French joined American Capital in 2004 as Vice President and Associate General Counsel responsible for handling litigation and labor and employment matters. Prior to joining American Capital, Ms. French was a Counsel in the Labor and Employment Section of Akin Gump Strauss Hauer & Feld LLP in Washington, D.C. and McLean, Virginia, where her practice focused on complex litigation involving a myriad of statutory, common law and contractual claims. She also advised companies on a wide range of labor and employment compliance and training issues, assisted companies implementing reductions in force, consulted with companies on labor and employment and litigation issues involved in mergers and acquisitions, and negotiated employment contracts and severance agreements. Ms. French received her B.A., with distinction, from the University of Wisconsin-Madison and her J.D. from the Georgetown University Law Center, where she served as an Editor of the Georgetown Journal of Legal Ethics and a member of the Georgetown Moot Court Team. Ms. French is a member of the District of Columbia and Virginia Bars.

Jason joined American Capital in March of 2007. Previously, he was a Vice President in Merrill Lynch’s Global Structured Finance and Investments group in New York. Prior to Merrill Lynch, Jason held various finance and capital market positions at Eloan.com and Toyota Motor Credit Corporation and was an officer in the Army. Jason holds a Bachelor of Science in Business from the University of Southern California and an M.B.A. from Indiana University with an emphasis in Finance. Jason is a CFA charterholder.

Jeffrey Anapolsky joined American Capital in January 2006 and is a Vice President for the Special Situations Group in the Bethesda office. He serves on the boards of American Capital portfolio companies Paradigm Precision Holdings LLC, New England Confectionery Company, NECCO Realty Investments and Pan Am International Flight Academy. Previously, Mr. Anapolsky spent eight years in transactional roles, including five years focusing exclusively on special situations. As an investor with Sun Capital Partners, he targeted control equity stakes in turnarounds. As an investment banker with Wasserstein Perella & Co. (now Miller Buckfire & Co.), he advised debt-for-equity conversions, asset sales, and refinancings. As an attorney with Akin Gump Strauss Hauer & Feld LLP, he advised creditors’ committees, debtors, acquirers and individual creditors in complex Chapter 11 cases and out-of-court workouts. Mr. Anapolsky began his career at Bear Stearns & Co., Inc. in Investment Banking. He published "How to Structure and Manage Leveraged Build-Ups" in the Journal of Private Equity. He received his M.B.A. from Harvard Business School and J.D. from Harvard Law School. At the University of Pennsylvania, he received a B.A. and B.S. magna cum laude from the Wharton School of Business and the College of Arts & Sciences and was inducted into Phi Beta Kappa.

Jim Gregory joined American Capital’s New York Buyouts team in 2005. Prior to joining American Capital, Mr. Gregory was with Edgeview Partners, a boutique investment bank specializing in merger and acquisition transactions, and The Carlyle Group. Mr. Gregory currently serves on the Board of Directors of American Driveline Systems, Inc., Specialty Brands Holdings, Inc., and Lifoam Holdings, Inc. Mr. Gregory was Phi Beta Kappa and received a BS degree, magna cum laude, with majors in Mathematics and Economics from Davidson College.

Jim Griffin joined American Capital, Ltd. in 2007 as Vice President of Private Capital Fundraising. Jim possesses thirteen years of private equity fundraising experience and founded a private equity placement firm. Prior to joining American Capital, Jim was the Managing Director and Founder of The Sulgrave Group. He has also worked as Managing Director at Questor Management Company, Principal at Veritas Capital, Founding Partner of Alignment Capital Partners and Vice President at The Carlyle Group. Jim holds a Master of Business Administration from the Babcock Graduate School of Business at Wake Forest University and a Bachelor of Arts in Economics from the College of William & Mary.