Dayl W. Pearson
Director, President and CEO

Mr. Pearson has served as KCAP Financial's President and Chief Executive Officer since December 2006 and has served on Kohlberg Capital's Board since June 2008. Mr. Pearson has more than 33 years of banking and finance experience and has focused primarily on middle market credit intensive transactions, completing over $5 billion of financings over the past 15 years. From 1997 to 2006, he was a Managing Director at CIBC in the Leveraged Finance and Sponsor Coverage Group specializing in middle market debt transactions. Mr. Pearson was responsible for originating and executing more than $3 billion of transactions including senior loans, high-yield securities, mezzanine investments and equity co-investments. Prior to joining CIBC, Mr. Pearson was instrumental in developing the middle market leveraged finance business of IBJ Schroder from 1992 through 1997. In 1995, he became responsible for the entire $500 million leveraged finance portfolio and was involved in approving all new senior and mezzanine commitments. Previously, he was a senior lending officer in First Fidelity Bank's middle market lending group primarily focused on restructurings, and prior to that Mr. Pearson invested in distressed securities. Mr. Pearson began his career at Chase Manhattan Bank after receiving a B.A. from Claremont Men's College and an M.B.A. from the University of Chicago. As a result of these and other professional experiences, Mr. Pearson possesses particular knowledge and experience in corporate finance, leverage finance, corporate credit and portfolio management that strengthen the Board's collective qualifications, skills and experience.

Edward U. Gilpin
Chief Financial Officer, Secretary and Treasurer

Mr. Gilpin joined KCAP Financial, Inc. in June 2012 and has over 28 years of experience. Prior to joining the company, Mr. Gilpin served as the Chief Financial Officer at Associated Renewable Inc., an end-to-end full service energy consulting and carbon management company, since December 2010. From January 2008 to May 2010, he served as Executive Vice President and Chief Financial Officer of Ram Holdings, Ltd., a provider of financial guaranty reinsurance, and prior to that he was the Executive Vice President, Chief Financial Officer and Director of ACA Capital Holdings, Inc., a holding company that provided asset management services and credit protection products, from December 2000 to January 2008. Prior to joining ACA Capital, Mr. Gilpin was Vice President in the Financial Institutions Group at Prudential Securities, Inc.'s investment banking division. From 1998 to 2000, Mr. Gilpin served in the capacity of Chief Financial Officer for an ACA Capital affiliated start-up venture, developing the financial plans and spearheading the capital raising process. From 1991 to 1998, Mr. Gilpin was with MBIA, Inc., a holding company whose subsidiaries provide financial guarantee insurance, fixed-income asset management, and other specialized financial services, where he held various positions in the finance area. His most recent position with MBIA was Director, Chief of Staff for MBIA Insurance Company's President. Mr. Gilpin began his career as an Assistant Vice President in the Mutual Funds Department of BHC Securities, Inc. Mr. Gilpin holds an M.B.A. from Columbia University and a B.S. from St. Lawrence University.

R. Jon Corless
Chief Investment Officer

Mr. Corless joined KCAP Financial, Inc. and Katonah Debt Advisors, Kohlberg Capital's wholly-owned portfolio company, in 2006 as part of their middle market team. Mr. Corless has over 30 years of experience in high-yield and leveraged credits. Prior to joining the Company, Mr. Corless was a Credit Risk Manager for Trimaran Debt Advisors, a CLO manager. Prior to joining Trimaran Debt Advisors, Mr. Corless spent 15 years as a Senior Credit Risk Manager for CIBC with risk management responsibility for media and telecommunications, high-yield, middle market, and mezzanine loan portfolios. Before joining CIBC, Mr. Corless worked at Bank of America NA in Corporate Finance and at Bankers Trust Company. Mr. Corless received a B.A. from Wesleyan University.

Daniel P. Gilligan
Vice President; Director of Portfolio Administration

Mr. Gilligan is the Director of Portfolio Administration responsible for overseeing the portfolio administration for all funds managed by Katonah Debt Advisors and Trimaran Advisors, as well as for the parent company, KCAP Financial, Inc. Prior to joining Katonah in 2004, Mr. Gilligan was a Relationship Officer in the Corporate Trust department for U.S. Bank (formerly Sate Street Corporate Trust Services). Mr. Gilligan holds a B.A. from Fairfield University.

Dominick Mazzitelli
President and Portfolio Manager of Trimaran Advisors, L.L.C.

Mr. Mazzitelli is a Vice President of Trimaran Advisors, L.L.C. and serves as Trimaran's Portfolio Manager. Mr. Mazzitelli joined Trimaran in 2005 from Morgan Joseph & Co., where he was Vice President of high yield and distressed sales. Prior to joining Morgan Joseph, Mr. Mazzitelli had been employed as a senior research analyst within the Leveraged Finance and High Yield Group at CIBC World Markets Corp., where his industry coverage included the paper and forest products, packaging, and natural resources sectors. He began his career at Morgan Stanley, where he held a number of positions within the firm's fixed income sales and trading unit. Mr. Mazzitelli received a B.S. in Business Administration from the State University of New York at Albany, where he graduated cum laude, and his M.B.A. from the Leonard N. Stern School of Business at New York University.

John Kim
Managing Director

Mr. Kim is a Managing Director of KCAP Financial and is responsible for originating, underwriting and structuring senior and subordinated debt financings for sponsored and direct middle market transactions.  Prior to joining KCAP in 2014, Mr. Kim worked on the sponsor coverage team at Prospect Capital and previously as a Director on the corporate credit investment team at Garrison Investment Group, a multi-strategy distressed debt fund with over $1 billion of assets under management.  Prior to Garrison, Mr. Kim worked as a Vice President at CastleHill Investment Management and at GoldPoint Partners (formerly NYL Capital Partners) where he executed direct mezzanine debt and equity-co-investment transactions with financial sponsors. Prior to GoldPoint, Mr. Kim worked at Arena Capital Partners, a lower middle market growth equity and leveraged buyout fund.  Mr. Kim began his career in the investment banking group at Alex. Brown & Sons and in the Financial Sponsor Coverage group at BT Alex. Brown. Mr. Kim received an AB in Economics from Harvard University and an MBA from Columbia Business School.


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