Professionals JOHN E. STUART
John E. Stuart co-founded Full Circle Funding, LP in 2005 and is a managing partner. Mr. Stuart is our Chief Executive Officer and President and is primarily responsible for overall investment strategies and portfolio management. In addition, Mr. Stuart is the managing member of Full Circle Advisors and Full Circle Service Company. Prior to founding Full Circle Funding, LP, from 2002 to 2004, Mr. Stuart was managing member of Excess Capital LLC which provided financial advisory services and structured and funded equity and debt investments. Prior thereto he was Co-Founder and President of Titan Outdoor Holdings, a New York —based outdoor advertising company, between 1999 and 2002, and was a Director until its sale in 2005. Prior thereto, Mr. Stuart was a Managing Director in the Corporate Finance Department of Prudential Securities Incorporated between 1996 and 1999. Mr. Stuart began his career at Oppenheimer & Co., Inc. where he was a member of the Mergers and Acquisitions Group and Corporate Finance Department from 1988 to 1996. Mr. Stuart’s depth of experience in corporate finance, capital markets and financial services, as well as his intimate knowledge of Full Circle Capital’s business and operations, gives the board of directors valuable industry-specific knowledge and expertise on these and other matters. Education — A.B. Brown University, 1988.
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WILLIAM E. VASTARDIS
William E. Vastardis is our Chief Financial Officer, Treasurer and Secretary. Mr. Vastardis is a founder and President of Vastardis Fund Services LLC, which serves as Full Circle Capital’s sub-administrator. Founded in 2003, Vastardis Fund Services provides full-service fund administration services to hedge fund, private equity and business development company clients. Prior to founding Vastardis Fund Services, Mr. Vastardis managed a third-party fund administration firm, AMT Capital Services Inc., which was acquired by Investors Bank & Trust Company in 1998. Mr. Vastardis continued in the role of managing director at the renamed Investors Capital Services until he departed in 2003 to found Vastardis Fund Services. Mr. Vastardis served as Chief Financial Officer of Prospect Capital Corporation, a business development company, from May 2005 to November 2008. He also served as Prospect Capital’s Chief Compliance Officer from January 2005 until September 2008. Education — B.S., Business Administration, Villanova University, 1990.
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SALVATORE FAIA
Salvatore Faia is our Chief Compliance Officer. Since 2004, Mr. Faia has served as the President of Vigilant Compliance Services, a full service compliance firm serving mutual funds and the investment industry. In connection with his role as President of Vigilant Compliance Services, he currently serves as chief compliance officer for a number of mutual funds and investment advisers. From 2002 to 2004, Mr. Faia served as senior legal counsel for PFPC Worldwide, and from 1997 to 2001, he was a partner with Pepper Hamilton LLP. Mr. Faia has extensive experience with mutual funds, hedge funds, investment advisers, broker dealers and the investment management industry. In addition to being an experienced 1940 Act and Advisers’ Act attorney, he is a Certified Public Accountant, and holds various FINRA Securities Licenses. Mr. Faia is a member of the Investment Company Institute’s Chief Compliance Officer Committee. Education — B.S., Accounting and Finance, La Salle University, 1984; J.D. University of Pennsylvania, 1988.
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LAWRENCE CHUA
Lawrence Chua is a Vice President of our investment adviser. Mr. Chua joined Full Circle Capital in 2006 and is responsible for underwriting, transaction execution, due diligence and loan monitoring. As Founder and Managing Partner of J Lawrence Group, LLC from 2004 to 2006, Mr. Chua grew the Internet-based household services provider from a business plan to a company with over 2,000 clients, and was a partner until the company was sold in 2007. From 2000 to 2004, Mr. Chua held various finance and risk management roles at GE Capital and is a graduate of GE’s Financial Management Program. At G.E. Capital, Mr. Chua was a commercial underwriter focused on retailer and airline transactions and had roles in strategic and financial planning at business units and the Office of the CEO. Education – B.S. Cornell University, 1998; M.P.S. Applied Economics and Management, Cornell University, 2000.
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STEPHEN J. HEALEY
Stephen J. Healey is a Vice President of our investment adviser. Mr. Healey joined Full Circle Funding, LP in 2008 and is responsible for sourcing and structuring transactions across the firm’s areas of interest. From 2004 to 2008, Mr. Healey was a Director at CapitalSource, a diversified finance company, where he originated, structured, and closed a range of transactions for media and communications, as well as business service, companies. From 1996 to 2004, Mr. Healey was a Managing Director at Fleet Bank where he originated, structured, and monitored a number of transactions. Prior to joining Fleet, Mr. Healey worked for Banque Paribas in Los Angeles from 1993 to 1996 where he originated, structured, and monitored commercial transactions and gained exposure to the entertainment industry. Mr. Healey began his career in 1988 at Bank of Boston where he completed the Loan Officer Development Program and worked in Boston and London on commercial banking transactions. Education — A.B. Harvard University, 1985.
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Board of Directors MARK C. BIDERMAN
Mark C. Biderman serves as chairman of Full Circle Capital’s audit committee. He also currently serves as a director and chairman of the audit committee of Atlas Energy, Inc., an independent natural gas producer that also owns an interest in an energy services provider. Mr. Biderman served as Vice Chairman of National Financial Partners, Corp. (‘‘NFP’’), a financial services company focused on distributing financial products, from September 2008 through December 2008. From November 1999 until September 2008, Mr. Biderman served as NFP’s Executive Vice President and Chief Financial Officer. From May 1987 to October 1999, Mr. Biderman served as Managing Director and Head of the Financial Institutions Group at CIBC World Markets, an investment banking firm, and its predecessor, Oppenheimer & Co., Inc. Prior to investment banking, he was an equity research analyst covering the commercial banking industry. Mr. Biderman was on the ‘‘Institutional Investor’’ All American Research Team from 1973 to 1985 and was First Team Bank Analyst in 1974 and 1976. Mr. Biderman chaired the Due Diligence Committee at CIBC and served on the Commitment and Credit Committees. Mr. Biderman serves on the Board of Governors and as Treasurer of Hebrew Union College-Jewish Institute of Religion and on the Advisory Council of the Program in Judaic Studies of Princeton University. Mr. Biderman is a Chartered Financial Analyst and brings extensive financial expertise to the board of directors as well as to the audit committee. Education — B.S.E. Princeton University, 1967; M.B.A. Harvard Graduate School of Business Administration, 1969.
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EDWARD H. COHEN
Edward H. Cohen serves as chairman of Full Circle Capital’s nominating and corporate governance committee. He has been Counsel to the international law firm of Katten Muchin Rosenman LLP since February 2002, and before that was a partner in the firm (with which he has been affiliated since 1963). Mr. Cohen is a director of Phillips-Van Heusen Corporation, a manufacturer and marketer of apparel and footwear, and Gilman Ciocia, Inc., a tax and financial planning firm. In the past five years, he has served as director for Franklin Electronic Publishers, Inc., an electronic publishing company, Merrimac Industries, Inc., a manufacturer of passive RF and microwave components for industry, government and science, and Levcor International, Inc., a manufacturer of buttons and other accoutrements. Mr. Cohen provides the Board with essential legal experience and judgment, which were developed during his over 40 years of practice. Education — B.A. University of Michigan, 1960; J.D. Harvard Law School, 1963.
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THOMAS A. ORTWEIN
Thomas A. Ortwein, Jr. founded Highbrace Partners in 2003. From 1997 to 2003 he was Managing Director and Head of Capital Markets for CIBC World Markets, where he was active in firm governance, and served on numerous boards and committees including the Management Committee, Corporate and Leveraged Finance Executive Board and the World Markets Executive Board; he also was Chairman of the Commitment and Due Diligence committees. Mr. Ortwein started the Capital Markets Group at Oppenheimer & Co., Inc. in 1991, which he managed until the Firm was acquired by CIBC in 1997. From 1984 to 1991 he managed various business units at Oppenheimer. Prior to that, he held various positions at Lehman Brothers and Merrill Lynch. Mr. Ortwein is currently an active member of the Greenwich Roundtable, a not-for-profit research and educational organization for alternative investing and best practices in the hedge fund industry. He also serves as President of the Board of Directors of the Greenwich Boys and Girls Club. Mr. Ortwein’s extensive familiarity with the financial industry, and the investment management process in particular, provide the board of directors with valuable insight. Education — B.A., Economics, Moravian College, 1977.
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