John C. Michaelson

Chief Executive Officer & Portfolio Manager

From 2006-2011, Mr. Michaelson served as Co-Portfolio Manager of Imperium Partners Group, employing the same investment strategy. From 1994 to 2005, Mr. Michaelson served as President, Chief Executive Officer and Portfolio Manager of Needham Investment Management, LLC. During his tenure, assets under management grew from $46 million to $1.6 billion in equity hedge funds, special situation funds and listed mutual funds. In 2004, Nelson's ranked Needham's flagship hedge fund, co-managed by Mr. Michaelson, as the 7th best performing equity fund across all investment styles over the prior ten years, compounding at 22.7% p.a. and the only fund in the top ten with no down years.

From 1986 to 1994, Mr. Michaelson served as the Director of Corporate Finance of Needham & Company, managing its investment banking activities. During this time, Mr. Michaelson supervised over 200 public equity offerings and private placements and over 150 merger, acquisition and divestiture transactions, and worked directly with clients on buyouts and restructurings transactions. Mr. Michelson's early professional career was at Morgan Grenfell & Company, Limited (London, England); The First Boston Corporation; and Drexel Burnham Lambert, Inc.

Mr. Michaelson has served in a number of public service and charitable positions. These include: Trustee of The Royal Air Force Museum (England), Trustee of The Cooper Union for the Advancement of Science and Art. Chairman and Chief Investment Officer of The Cooper Union's endowment. The Cooper Union endowment's compound annual return of 15.5% for the fiscal years 2005 to 2013 ranks it as the top performing endowment in the country over that period and the top performing endowment for the five fiscal years ending 2012 (source - Institutional Investor Magazine).

Mr. Michaelson has authored numerous articles in publications such as The Wall Street Journal, Pension & Investing Magazine; and The Oxford University Journal of World Economics. Mr. Michaelson is the author of a textbook published by McGraw Hill, Restructuring for Growth and has contributed chapters to other books.

Mr. Michaelson earned a BA and MA from the University of Oxford and an MBA with Distinction from The Harvard School of Business.

Vincent S. Capone

Chief Operating Officer & General Counsel

Mr. Capone is the Chief Operating Officer and General Counsel of the General Partner. Prior to joining Michaelson Capital Partners, Mr. Capone spent fifteen years as a corporate attorney working at Morgan Lewis, LLP and most recently, for seven years, as a corporate and securities partner at ReedSmith LLP. Mr. Capone is a former certified public accountant and auditor with KPMG LLP.

Mr. Capone is also the Chief Compliance Officer for the Fund and handles the regulatory filing and maintenance requirements for the Investment Advisor and the General Partner. He has extensive experience in working with small to middle market companies and in structuring, negotiating and finalizing investment opportunities and brings a wealth of knowledge in dealing with our investment portfolio. Mr. Capone has lectured in the LLM Program at the Beasley School of Law at Temple University and the Villanova University School of Law. He is also the past chairman of the Private Equity and Venture Capital Committee of the Philadelphia Bar Association.

Mr. Capone earned his B.S. in Accounting from The Pennsylvania State University and his J.D. from the Beasley School of Law at Temple University. He also earned his M.B.A from the Fox School of Business at Temple University. Mr. Capone is licensed to practice law in Pennsylvania and New York. He is also a Trustee of the Ryan Lesher Foundation, a community outreach program for families in need in Bucks County, Pennsylvania.