Chairman of the Board of Directors and Chief Executive Officer

Mr. Gladstone is the founder of The Gladstone Companies and has been the Chief Executive Officer since inception.

From August 1997 to August 2001, Mr. Gladstone served as Chairman or Vice Chairman of American Capital Strategies; a publicly-traded leveraged buyout fund and mezzanine debt finance company. From 1974 to February 1997, Mr. Gladstone held various positions, including Chairman and Chief Executive Officer, with Allied Capital Corporation, Allied Capital Corporation II, Allied Capital Lending Corporation, Allied Capital Commercial Corporation and Allied Capital Advisors Inc. Under his leadership at Allied, the Company grew assets from $10MM to $750MM.  During this period, the company experienced 18 consecutive years of increasing shareholder dividends with less than 1% of assets written off. The Allied companies were the largest group of publicly-traded mezzanine debt funds and were managers of two private venture capital limited partnerships. During the period from 1982-1997, shareholder IRR returns averaged 22.4%. From 1992 to 1997, Mr. Gladstone served as a Director, President and Chief Executive Officer of Business Mortgage Investors, a private mortgage REIT managed by Allied Capital. Mr. Gladstone is the author of Venture Capital Investing and Venture Capital Handbook (Prentice Hall). Mr. Gladstone received a MA from American University, a BA in Government and Economics from the University of Virginia and obtained an MBA from Harvard Business School.

Vice Chairman and Chief Operating Officer

Mr. Brubaker has been the Vice Chairman and Chief Operating Officer of The Gladstone Companies since May 2001. At Gladstone, Mr. Brubaker is responsible for Portfolio Management and due diligence. He is actively engaged with portfolio companies and actively collaborates with management teams, sponsors and lenders.

Beginning in March 1999, Mr. Brubaker was a founder and Chairman of Heads Up Systems, a company providing process industries with leading edge technology. From 1996 to 1999, Mr. Brubaker served as Vice President of the paper group for the American Forest & Paper Association. From 1992 to 1995, Mr. Brubaker served as President of Interstate Resources, a pulp and paper company. From 1991 to 1992, Mr. Brubaker served as President of IRI, a radiation measurement equipment manufacturer. From 1981 to 1991, Mr. Brubaker held several management positions at James River Corporation, a forest and paper company, including Group Vice President of two operating units. During his tenureat the firm, Mr. Brubaker was on the team responsible for evaluating and incorporating many of James River's 35 acquisitions. From 1976 to 1981, Mr. Brubaker was Strategic Planning Manager and Marketing Manager at Boise Cascade. Previously, Mr. Brubaker was a Senior Engagement Manager at McKinsey & Company from 1972 to 1976. Mr. Brubaker received a BSE in Aerospace and Mechanical Sciences from Princeton University and obtained an MBA from Harvard Business School.

Director, President and Senior Managing Director, Private Finance
McLean, VA Office

Mr. Dullum joined The Gladstone Companies in February 2008. Mr. Dullum has served as president of Gladstone Investment Corporation since April 2008 and a director since June 2005. Mr. Dullum has been a senior managing director of our Adviser since February 2008, a director of Gladstone Commercial since August 2003, and a director of Gladstone Capital since August 2001. Mr. Dullum has extensive experience in equity investing and middle market buyouts.

Prior to joining Gladstone, from 1995 to 2009, Mr. Dullum was a partner of New England Partners, a venture capital firm focused on investments in small and medium-sized business in the Mid-Atlantic and New England regions. From 1976 to 1990, Mr. Dullum was a managing general partner of Frontenac Company, a Chicago-based venture capital firm. Mr. Dullum holds an MBA from Stanford Graduate School of Business and a BME from the Georgia Institute of Technology.

Mr. Cutlip joined The Gladstone Companies in June of 2012. He currently serves as President and Senior Managing Director of Gladstone Commercial Corporation focusing on real estate acquisitions. Bob has extensive experience sourcing opportunities and development transactions throughout the United States.

Prior to joining Gladstone, Bob was a Managing Director at Sealy & Company, LLC in Atlanta. Mr. Cutlip was also a founding principal of Attentus Advisors, a real estate advisory consulting firm, in January 2009. Bob has over 27 years of experience sourcing acquisitions, underwriting, negotiating and executing development transactions and overseeing asset management plan execution. Bob is a member of the National Association of Industrial Office Properties (NAIOP). At NAIOP, he has held a number of positions including National Chairman and Chairman. He is also currently a member of NAIOP's Industrial Forum. Mr. Cutlip holds an MBA in Finance from University of Southern California, MS in Civil Engineering from Vanderbilt University and a BS in Civil Engineering from the U.S. Air Force Academy.

Mr. Cooper joined The Gladstone Companies in June 2001. He currently is a Managing Director of Gladstone Commercial where he is responsible for identifying, underwriting, managing, financing and servicing the firm's commercial real estate investment projects.

Prior to joining the firm, Mr. Cooper served as a Senior Vice President or Principal of Allied Capital Corporation and its affiliate funds from 1986 - 2000. At Allied Capital, Mr. Cooper was responsible for servicing all forms of commercial real estate. During his time at Allied Capital, Mr. Cooper also administered an investment portfolio of over $250 million. Mr. Cooper received a BA in Sociology and Anthropology from Washington and Lee University.

Mr. Daniel joined The Gladstone Companies in July 2011. He currently serves as a Managing Director in our Los Angeles, CA office focusing on debt and equity investments in privately held companies. Mr. Daniel has extensive experience in sourcing, structuring, negotiating and managing debt and equity transactions for middle market companies.

Prior to joining Gladstone, Mr. Daniel was a Managing Director of Churchill Financial Group, a $2 billion commercial finance company providing capital to middle market companies. Prior to this, Mr. Daniel was a Managing Director of Praesidian Capital, a $160 million private fund focused on mezzanine investing and was a Principal of Windjammer Capital Investors, a $800 million family of private funds focused on mezzanine and equity investing. Earlier in his career Mr. Daniel worked in the leveraged buyout finance group of Citicorp Securities and was a consultant for Kenneth Leventhal and Company (now Ernst & Young) in the management services group. Mr. Daniel has been active on numerous private company boards and is currently Chairman of a third party logistics company and a Director of an automotive emissions testing company. Mr. Daniel received a BA in Economics from the University of California, Los Angeles (UCLA) and obtained an MBA in Finance from the Anderson School at UCLA.

Mr. Freal has been with The Gladstone Companies since February 2002. He currently serves as a Managing Director in our McLean, VA Headquarters focusing on debt and equity investments in privately held companies. Mr. Freal has extensive experience in sourcing, structuring and negotiating preferred equity and mezzanine debt transactions for small and medium sized businesses.

Prior to joining Gladstone, Mr. Freal was a Managing Director of American Capital Strategies. From 1995 through 1997 he was a private investor and financial consultant. From 1989 to 1995, Mr. Freal was President of RDS Capital Partners, a private merchant banking company that he co-founded to acquire middle-market commercial and industrial companies. Prior to founding RDS, he was employed by several Washington D.C. area and Philadelphia banks as a Loan Officer providing general corporate and buyout financing to middle-market and national companies. Mr. Freal received a BS in Business Administration and obtained an MBA from George Mason University.

Managing Director, Private Finance
New York, NY Office

Ms. Gladstone has been with The Gladstone Companies since August 2001. She serves as a Managing Director of our New York office where she works with our mezzanine debt and syndicated loan team.

Prior to joining the firm, Ms. Gladstone worked as an Associate in equity research at ING Barings, where she was responsible for covering companies in the telecommunications industries. Ms. Gladstone also worked for Salomon Smith Barney as an Assistant Analyst in equity research and HSBC as an analyst in Buenos Aires, Argentina. She received her BBA from The George Washington University. She is the co-author of two books on lending to small business: Venture Capital Handbook and Venture Capital Investing both published by Prentice Hall.

Mr. Kimbrough joined The Gladstone Companies in September 2008 as a Managing Director for the Portfolio Management group and opened our Richmond office for the firm. With 30 years of experience in operations, management consulting, and M&A transactions, he concentrates on portfolio management and new business development in central Virginia.

Prior to joining the firm he was a Managing Director of Windward Advisors, an investment banking firm and advisor to lower middle-market companies. Before Windward, Mr. Kimbrough spent eight years as a management consultant to process manufacturing companies as President of Heads Up Systems. He was President of Alliance Agronomics, an agriculture consulting and services firm, from 1996-1998. Prior to Alliance he was Vice President and Group Executive of the Consumer Specialties Division of James River Corporation, a paper manufacturer where he served in various capacities over 15 years, including responsibility for Corporate Development. He began his career in production at a family-owned manufacturing firm. He received his MBA from Virginia Commonwealth University and his BS from Tufts University.

Managing Director, Private Finance
Chicago, IL Office

Mr. Meier joined The Gladstone Companies in 2007 as a Managing Director focusing on new business development in the Media & Communications industry in our Chicago office.

Prior to joining Gladstone, Mr. Meier was a Vice President in Wells Fargo Foothill's Specialty Finance division. At Wells Fargo Foothill, Mr. Meier was responsible for originating and underwriting senior loans in the media and telecommunications sector. Prior to Wells Fargo, Mr. Meier was with Westburg Media Capital and a Vice President of FINOVA Capital Corporation, where his primary responsibility was the origination of media loans of up to $250 million.

From 1990-1994, he served as a Vice President at Heller Financial Inc. Mr. Meier began his banking and lending career at Continental National Bank in 1986. Mr. Meier received a BS in Finance from Western Illinois University, attended Washington University in St. Louis, and obtained a Master of Science in Finance from the University of Illinois.

Mr. Pierce has been with The Gladstone Companies since May 2004. He currently serves as a Managing Director in our Chicago office focusing on debt and equity investments in private businesses.

Prior to joining Gladstone, Mr. Pierce was with GE Commercial Finance where he was a Senior Vice President in the Global Sponsor Finance Group. While at GE, Mr. Pierce was responsible for aggregating $1.5 billion in commitments from senior debt opportunities and private equity sponsors in the Midwest. From 1996 to 2000, Mr. Pierce was Vice President with Heller Financial in Chicago, originating and underwriting transactions. From 1985 through 1996, Mr. Pierce was with Bank of America in Chicago, and its predecessor, Continental Bank, in a variety of roles, including loan workouts, asset based lending, and leveraged finance. Mr. Pierce received a BS in Accounting from Marquette University and obtained an MBA in Finance from the University of Wisconsin at Madison.

Managing Director, Private Finance
McLean, VA Office

Mr. Sateri has been with The Gladstone Companies since April 2007. He currently serves as a Managing Director in our McLean, VA Headquarters focusing on debt and equity investments in privately held companies.

Prior to joining Gladstone, Mr. Sateri directed an independent consultancy providing special situation investment sourcing, underwriting, and disposition services to institutional investors across a variety of asset classes including: middle market company debt and equity; commercial, residential, healthcare and industrial real estate; and CMBS securitizations. From 1989 to 1998, Mr. Sateri worked for Wells Fargo Bank (predecessor/affiliated companies) in a variety of areas including commercial lending, special assets, and lastly capital markets where he served as Vice President and Senior Portfolio Manger overseeing a team responsible for underwriting, servicing and managing an asset based loan portfolio with half a billion dollars in commitments to highly leveraged, growth oriented, middle market companies. Mr. Sateri is active on numerous private company boards and holds a bachelor’s degree in Business Administration from The University of Hawaii at Manoa and a master’s degree in Real Estate Development from the University of Maryland at College Park.

Ms. Simpson joined The Gladstone Companies in 2007 as a Managing Director and is focused on sourcing, evaluating and managing investments.

Prior to joining Gladstone, Ms. Simpson worked for Morgenthaler Partners arranging debt financing for their leveraged buyouts. From 1999 to 2006, Ms. Simpson worked for National City Bank, most recently as Chief Credit Officer of Small Business Banking, as well as a relationship manager for closely held and equity sponsor-owned middle-market companies. Ms. Simpson served on active duty for four years as a lieutenant in the U.S. Army. She received a BS in Economics and Entrepreneurial Management from The Wharton School of University of Pennsylvania and an MBA in Finance from Case Western Reserve University.

Director, Private Finance
McLean, VA Office

Michael joined Gladstone in March 2005 as an Associate. Prior to joining Gladstone, he was an Analyst for MCG Capital from June 2001 to March 2005. Mr. Beckett earned a Master of Business Administration degree from the Georgetown University's McDonough School of Business in 2001 and a Bachelor of Science in Accounting from Syracuse University in 1993. Mr. Beckett is a Certified Public Accountant and a member of the AICPA and of the Massachusetts Society of CPAs.

Mr. Bowie joined The Gladstone Companies in October 2004.  He currently serves as a Director in our McLean, VA Headquarters focusing his efforts on debt and equity investments in aerospace and defense, energy, business services, and industrial products and services.

Prior to joining Gladstone, Mr. Bowie worked for Citigroup Global Markets, Inc, in New York City underwriting corporate loan and debt financings to clients of Citigroup’s Consumer and Healthcare group. While at Citigroup, he served as an associate responsible for underwriting Citigroup’s loan and debt investments with new and existing corporate clients as well monitoring the performance of these clients. Prior to working at Citigroup, Mr. Bowie served in the United States Navy as a Naval Flight Officer flying the S-3B Viking.   While in the Navy, he deployed twice the Western Pacific / Arabian Gulf and was subsequently a flight instructor at the S-3B Viking’s fleet replacement squadron preparing replacement pilots and flight officers for aircraft carrier based operations.  Mr. Bowie earned a BA from George Washington University and received his MBA from Georgetown University’s McDonough School of Business.

Mr. Gertmenian joined Gladstone in July 2005. Prior to joining Gladstone, Mr. Gertmenian worked as a financial Analyst in J.P. Morgan's Global Mergers & Acquisitions Group from 2003 to 2005, where he provided advisory services to both public and private companies. In 2002, he joined J.P. Morgan's Middle Market Financial Sponsors Group.

Mr. Gertmenian holds a BSBA with a concentration in finance from Georgetown University where he graduated Cum Laude.

Ms. Highland joined Gladstone as an Associate in August 2005. Prior to joining Gladstone, she was an Account Executive at Wells Fargo Retail Finance where she was responsible for managing and monitoring a portfolio of senior secured loans to national and regional retail chains. From July 2001 through June 2003, she worked as a financial Analyst in A.G. Edwards' Investment Banking Division.

Ms. Highland holds a BS in Business Administration with a concentration in Finance from Boston College.

Mr. Kranbuhl joined The Gladstone Companies in March 2005.  He currently serves as a Director in our McLean, VA Headquarters focusing his efforts on debt and equity investments in healthcare services, business services, and industrial products and services companies for the Gladstone Investment and Gladstone Capital funds.   

Prior to joining Gladstone, Mr. Kranbuhl worked for Petra Capital Partners in Nashville, TN providing private equity and debt capital to growth companies throughout the United States. While at Petra, he served as an associate responsible for initiating and negotiating new investments, and for monitoring Petra's outstanding debt and equity positions. Prior to working at Petra, Mr. Kranbuhl worked for Wheat First Butcher Singer in Richmond, VA as an analyst in the investment banking division, where he structured and completed mergers and acquisitions as well as equity and convertible debt offerings. Mr. Kranbuhl also served as a summer associate for the Overseas Private Investment Corporation where he worked in the project finance group providing debt capital for global expansion projects of United States-based corporations. 

Mr. Kranbuhl earned a BA from Duke University and received his MBA from the University of Michigan Business School.

Kyle joined Gladstone in November 2006. Prior to joining Gladstone, he was a Vice President for National Capital, an investment bank providing M&A advisory services to small and mid-sized businesses. In 2003, Kyle served as an Associate Analyst in the Research group at Friedman Billings Ramsey.

Kyle received an MBA from Georgetown University and a BSBA from the University of Tulsa, and is a CFA charterholder.

Mr. Tucker joined the Gladstone Companies in May 2005. He currently serves as a Director in our McLean, VA Headquarters focused on sourcing and executing net leased real estate acquisitions and sale leaseback financing investments in the Northeast and Western US. Mr. Tucker has extensive experience in net leased real estate investing, private equity and leveraged finance.

Prior to joining Gladstone, from 2002 to 2005 Mr. Tucker was an independent consultant providing management and strategic consulting services to early stage and start-up companies, deal evaluation services for private equity investors, and managing a real estate investment portfolio. In 2003, he was summer associate at Liquid Realty Partners, a real estate private equity secondaries firm, where he was responsible for valuing portfolios of properties held by institutional sellers of limited partnership interests. From 2000 to 2002, Mr. Tucker worked as an associate for SG Capital Partners, a private equity and venture capital fund. From 1998 to 2000, Mr. Tucker was an analyst and associate in Chase Securities' High Yield Finance group. Mr. Tucker earned his MBA with highest honors from the University of Michigan Business School as a member of the Beta Gamma Delta society and holds an AB in Psychology from Princeton University.